What is an SIP?
Systematic Investment Plan (SIP) is a method used by investors to invest regular amounts of money in a mutual fund, stock market, or some other type of investment. Instead of investing a large sum all at once, an investor can invest a smaller amount of money at regular intervals (such as weekly, monthly, or quarterly). The advantage of an SIP is that it can help mitigate the risk of market volatility. Since investing occurs at regular intervals, more units are bought when prices are low and fewer units when prices are high. To create SIPs in mutual funds, see How to create a SIP on the Coin app? To create SIPS in stocks, see How to create a stock SIP on Kite?
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