SIP or systematic investment plan comes in handy for people who cannot afford to make lumpsum investments. Check out how to start SIP online and other details.
Systematic Investment Plans (SIPs) have gained popularity as the most preferred way of mutual fund investing. As the name suggests, SIPs offer the convenience of periodically investing a fixed amount in the mutual fund of your choice. You can link the MF account with your bank account for automatic monthly transfers into the chosen SIP.
It comes in handy for people who do not have a large sum of money to put in the lumpsum investment. There are various schemes which allow the investor to start a SIP with as low an amount as Rs 500.