What is Systematic Investment Plan (SIP)? A Systematic Investment Plan (SIP) is a simple method of investing, used across the world as a means to accumulate wealth. It works the same way as a recurring deposit account. SIP involves investing a fixed sum of money in a specific investment scheme, on a regular basis, for a pre-determined number of periods. What are the advantages of investing in SIP?
How do I apply for SIP?
Are there any minimum amount limits for subsequent purchase in same scheme? Yes, there is a minimum amount limits for subsequent purchase in same scheme. |