For Investment purpose, we often wait to collect a large amount of money and invest it all at once. These investments are done to achieve our future goals like buying a house, child’s education, marriage or retirement planning.
However recurring household expenses always erode the money which we would have otherwise kept for investments and the result – we end up compromising on our financial goals. So, in order to get the dual benefits of investment and that too of small amount periodically, we have Systematic Investment Plan (SIP).
Systematic Investment Plan (SIP) is a financial planning tool that allows you to invest in sip mutual fund through small, periodic installments. Moreover you can also select the tenure of your investments & it helps you set aside a fixed amount every month for investments thus contributing towards your financial goals.
SIPs help you set aside a fixed amount every month
Benefit of SIP
Take Advantage of Rupee Cost Averaging
Paying a fixed investment amount at regular intervals is considered as Systematic investment plan. I think this is best investment option as you keep all your investment in disciplinary manner.