SIP: Systematic Investment Plan
SIP stands for Systematic Investment Plan. it’s an investment plan within which you invest a hard and fast amount in mutual funds at pre-defined regular intervals. It helps you create significant wealth within the long-run by investing small sums of cash. In simple words, it’s a planned approach towards investments that helps you create wealth for future and inculcate a habit of saving. the opposite way of investing in an exceedinglyinvestment companycould be a one-time investment, generally referred to aspayment investment.