What is an SIP? What are the benefits of an SIP?

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What is an SIP?

An SIP is a specific amount,invested for a continuous period at regular intervals. It is similar to a regular saving scheme like a recurring deposit.

What are the benefits of an SIP?

1. Power of saving: The power of saving underlines the essence of making money work if only invested at an early age. The longer one delays in investing, the greater the financial burden to meet desired goals.

2. Rupee Cost Averaging: Timing the market is a difficult task. Rupee cost averaging is an automatic market-timing mechanism that eliminates the need to time one’s investments.

3. Convenience: Three Simple Steps to Register SIP online.

1: Open Online Mutual Fund Account. (Click To Open Now)
2: Click on SIP Registration
3: Fill Amount & Date, Click Submit.

4. Disciplined Investing: It’s the key to investing success. Regular investment makes you disciplined in your savings and also leads to wealth accumulation.

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