Systematic Investment Plan
FeaturedSIP
Beginner Level
India
Financial Markets
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Definition
An investment method where a fixed amount is invested regularly in mutual funds.
Detailed Explanation
SIP promotes disciplined investing and benefits from rupee cost averaging. Investors can start with as low as ₹500/month. SIPs can be daily, weekly, or monthly.
Example
Investing ₹5,000 monthly in an equity mutual fund via SIP for 10 years can build significant wealth.
Local Context (India)
SIP has democratized investing in India, with over 7 crore SIP accounts as of 2024.
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