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Grow Up & Get Rich Sip Basic – All That You Need To Know!
Mad About Money
|April 2018
Sip or systemic investment planning is one of the most common, popular and also the safest way to invest in mutual funds. Since many people are still confused about sips and how they work, here’s a quick guide to help you understand this investment option and to make the best out of it!
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What is an SIP investment?
SIP investments refer to investing a fixed amount of money regularly in a mutual fund scheme (specifically an equity mutual fund scheme). A mutual fund is nothing but a scheme which is professionally managed by an asset management company. This company brings together a group of people and puts their money in stocks and bonds. So when an individual invests his/ her entire money in one particular stock it is equity investing, while if he/she invests in a scheme that comprises of many stocks and bonds, it is a mutual fund. An individual can investment a lump sum amount in a mutual fund at one time as well as invest a fixed amount of money at regular intervals in a scheme. The latter is what is known as Systemic Investment Planning or SIP.
How does it work?
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