Watch: How To Start Investing Through Systematic Investment Plans Or SIPs

If you are looking for an avenue to effortlessly invest small amounts of your extra savings, then a Systematic Investment Plan or SIP is just what you need.

A Systematic Investment Plan (SIP) is a plan where investors make regular, equal payments into a mutual fund, trading account or retirement account and benefit from the long-term advantages of saving regularly without taking any actions except the initial setup of the SIP.

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SIP helps you to invest regularly without having to think about market mood, index prices, etc. For example, if you are supposed to put a fixed amount every month in a mutual fund scheme, you might have to fret about market conditions. SIP puts an end to all these predicaments by automatically and regularly investing the money in a scheme without any effort from your end.

Watch this video to get a brief idea of SIPs and their basic terms and conditions.

Image Credits: Google Images

Sources: Economic Times, Investopedia + more

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