SYSTEMATIC INVESTMENT PLAN(SIP)
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A Systematic Investment Plan or SIP is a smart and hassle free mode for investing money in mutual funds. SIP allows you to invest a certain pre-determined amount at a regular interval (weekly, monthly, quarterly, etc.). A SIP is a planned approach towards investments and helps you inculcate the habit of saving and building wealth for the future. SIP is not a financial instrument, but a way of investing in mutual funds, some people confuse SIP with PPF,NSC, and mutual funds. They think they can invest in SIP. SIP is not an investment its just a mode of investment How to Start SYSTEMATIC INVESTMENT PLAN (SIP) a>Pick any date of a month, then fill out an SIP form and an application form. b>Draw post-dated monthly quarterly cheques , adding up to at least minimum investment of scheme. c>Monthly - Start on any date of any month, and stick to the same date of every month. d>Quarterly - Start on any date of any month, and stick to the same date of every third month. e>If in any month the chosen date is not a Working Day, the transaction will be completed on the next Working Day.
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