Category Archives: Investment

SIP

What is SIP – Systematic Investment Plan and How it Works?

SIP is a smart tool to invest in Mutual Funds like Recurring Deposit. It works on the principle of regular investments. It is like your recurring deposit in which a small amount is deposited every month. It allows you to invest in a Mutual Funds by making smaller regular periodic investments monthly or quarterly in place of a heavy one-time investment. In SIP you can pay 10 periodic investments of Rs 500 in place of a one-time investment of Rs 5,000 in Mutual Fund. Thus, you can invest in Mutual Funds without altering your other financial liabilities. It is important Continue Reading »