Systematic Investment Plan (SIP) is a smart and an easy way for investing in mutual funds on regular basis. It lets you invest via smaller periodic investments monthly or quarterly over a period of time, thereby averaging out your cost of investing and benefiting from the power of compounding. The power of compounding works best as you stay invested helping your investments earn money over the years.
The biggest advantage of SIP is that one need not time the market. Rather than timing the market, investing every month will ensure that one is invested at the high and the low, and make the best out of an opportunity that could be tough to predict in advance. After all, it is the time in the market and not timing the market that helps you create a considerable corpus over time. So, Start investing through a SIP today and work towards achieving your financial goals.
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Updated Date: Mar 22, 2017 12:45 PM