A Systematic Investment Plan (SIP) is a type of investment plan in which an investor selects a mutual fund scheme and invests a fixed amount of money at regular intervals, such as monthly or quarterly. The goal of an SIP is to help investors build wealth over time by investing small amounts of money regularly, rather than investing a large lump sum all at once.
In Hindi, SIP stands for "सिस्टेमेटिक इन्वेस्टमेंट प्लान" which translates to "systematic investment plan" in English. SIPs are a popular investment option because they are flexible, convenient, and can be started with a small amount of money. Additionally, SIPs can help investors take advantage of the power of compounding, which allows their money to grow over time.
