Systematic investment plan (SIP)

A Systematic Investment Plan (SIP) is a disciplined way to invest regularly in mutual funds by contributing fixed amounts at regular intervals, such as monthly or quarterly. It helps investors build wealth over time by averaging out market fluctuations, reducing the impact of market volatility. SIP encourages consistent saving habits, making it easier to accumulate funds gradually, and offers the benefit of compounding growth over the long term. Essentially, it's a structured approach to investing that promotes disciplined, long-term financial planning.