What is Systematic Investment Plan
Investing can be daunting with so many options, but a Systematic Investment Plan (SIP) simplifies the process. It’s accessible to both novice and seasoned investors. An SIP investment plan involves regularly investing a fixed amount in mutual funds, promoting disciplined investing and leveraging compounding. It reduces market timing risks and makes investing easier. So, what exactly is a systematic investment plan, and why should you consider it for your financial goals?