Systematic Investment Plan - SIP
Confused between investing your money at once or over a period of time? You can
either start with a lump sum amount or start an SIP.
An SIP or a Systematic Investment Plan is a simple tool that allows you to invest at
frequency of your choice: daily, weekly, monthly, quarterly, etc.
For salaried employee who do not have lump sum money to invest, It is better to invest
in mutual funds through SIPs.SIPs are similar to Recurring deposit where you get the flexibility to invest into mutual funds over a period of time.
Lump sum can be compared to fixed deposit where you invest all the money into a
mutual fund at a given time.
Download the app now by clicking on Google Play link below. Learn everything about mutual funds on Fintra app.
