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What is SIP ?
SIP stands for Systematic Investment Plan. It is a method of investing in mutual funds where investors contribute a fixed amount at regular intervals, such as monthly or quarterly. SIP allows investors to accumulate wealth over time in a disciplined manner, regardless of market conditions.
Benefits of SIP include:
- Rupee Cost Averaging: Investors buy more units when prices are low and fewer when prices are high, averaging the purchase cost over time.
- Disciplined Savings: Encourages consistent saving and investing.
- Affordability: Investors can start with small amounts, making it accessible for many.
- Long-Term Wealth Creation: SIPs are ideal for long-term financial goals, helping compound returns over time.
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