what is sip in mutual fund

SIP stands for Systematic Investment Plan, which is a type of investment plan offered by mutual funds. It involves investing a fixed amount of money at regular intervals, such as monthly or quarterly, into a mutual fund. SIPs allow investors to save regularly with a smaller amount of money while benefiting from the long-term growth potential of the mutual fund. SIPs operate on the principle of dollar-cost averaging, buying more shares when prices dip, and reducing the impact of short-term market volatility. Most brokerages and mutual fund companies offer SIPs