What is a mutual fund SIP?
Investment in a mutual fund can be done by making a lump sum contribution or through Systematic Investment Plan (SIP).
SIP is a form of disciplined investment of a predetermined amount periodically, to buy mutual fund units. Auto-debits are made from the investor’s bank account at regular intervals to purchase the mutual fund units. As units are purchased on various dates at various prices, the average cost per unit of the security decreases over time. Thus, it reduces the risk of market volatility. When per unit price is low, an investor automatically accumulates a greater number of units and vice versa.
What are the different variants of SIP?
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