A Systematic Investmet Plan (SIP) is an investment vehicle that allows you to invest fixed amounts of money at regular intervals of time (monthly or quarterly) in a mutual fund scheme for a continuous pre-defined; just like a recurring deposit account with a bank or a post office.
SIP allows the investor to invest a fixed amount every month or quarter for puchasing units of schemes at prevailing NAV based prices. SIP can be activated by ginving post dated cheques for the duration of the SIP or by using an auto debit facility where a fixed amount is debited from your bank account on a monthly / quarterly basis.
SIP allows the investor to invest a fixed amount every month or quarter for puchasing units of schemes at prevailing NAV based prices. SIP can be activated by ginving post dated cheques for the duration of the SIP or by using an auto debit facility where a fixed amount is debited from your bank account on a monthly / quarterly basis.
