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Systematic Investment Plans or SIPs are a hassle-free mode of investing in mutual funds. With SIPs, you can start investing in a fund of your choice without having to invest a large sum in one go. In this article, we shall explore the different types of SIPs that are available in India, and shed light on their key features and benefits.
With a wide array of investment options at your disposal, it is pivotal to assess which investment instruments are in line with your overall financial plan, earning capacity, and risk appetite. Irrespective of the option/s you choose, you must practise discipline and consistency in your investment plan. One of the easiest ways to inculcate financial discipline and regularity in investing is starting a Systematic Investment Plan (SIP).
In this article, we shall delve into
A Systematic Investment Plan or SIP is a mode of investing in mutual fund schemes. You can select a mutual fund to invest in and choose the SIP route to make small, regular, and convenient contributions to your investment. It is convenient to set up an auto debit from your bank account to ensure the seamless processing of your SIP installment, whether it is monthly, quarterly, bi-annual, or yearly.
There are different types of SIPs you can choose from. While each type of SIP investment follows the same basic principle of small investments over a period of time, they have several distinct features which make them stand out. Let us discuss the different types of Systematic Investment Plans that are available in India.
Different types of SIPs carry varying features and benefits. While some SIPs are basic plans, others may carry the elements of additional investment, insurance coverage, flexibility, etc. You can peruse different types of SIPs and select the one that best suits your investment goals.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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