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Updated by Gunjan Chokshi on Oct 08, 2018
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Investallign

An SIP or a Systematic Investment Plan allows an investor to invest a fixed amount regularly in a mutual fund scheme, typically an equity mutual fund scheme.

Website at https://www.investallign.in/benefits-systematic-investment-plan-sip/

An SIP or a Systematic Investment Plan allows an investor to invest a fixed amount regularly in a mutual fund scheme, typically an equity mutual fund scheme. It is one of the best ways of putting your money in equity mutual funds as it sets a discipline in the investor. SIP works on the principle of regular investment and is similar to recurring deposits.