There are numerous investment products available in the market, Systematic Investment Plan being a popular option. A Systematic Investment Plan involves investing a small amount every month on a pre-determined date into specific mutual funds. The main goal of such an investment vehicle is to accumulate a huge corpus by investing small amount of money on a monthly basis.
There are numerous advantages of investing in Systematic Investment Plans (SIPs). You may send a one-time instruction for an auto debit every month, thus eliminating the possibility of missing out on a monthly payment. This provides you with a high degree of...