What is SIP & How Systematic Investment Plan(SIP) Works?
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What is SIP & How Systematic Investment Plan(SIP) Works?
SIP is an investment option wherein small amounts are invested periodically instead of lump sums. Understand its meaning, how it works, types, benefits, etc. on Groww.
Oct 24, 2019
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Don’t do SIP, Stop it immediately ! Start a Step-up SIP We all know that a systematic investment plan (SIP) of a mutual fund gives us the added advantage of rupee cost averaging. But there is a problem in the traditional SIP. It assumes a constant SIP each month for a long period of time. But that is not the way your income grows. For example, if you are in a job then you get annual increments and if you are in business your revenues and profits will grow over a period of time. It would be there
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