Systematic Investment Plan or SIP is a disciplined way of investing where the investors invest a predetermined fixed amount of money on regular intervals. The frequency of investment may be weekly, monthly or quarterly. The term SIP is generally associated with investing in Equity Oriented Mutual Fund schemes on a monthly basis.
Systematic Investment Plan is a smart financial planning method that allows the investor to invest a certain amount of money on a specified date of each month which automatically generates a substantial yearly saving. The biggest USP of SIP is that it may be started with an amount as meagre as Rs.500 a month. This makes the SIP scheme accessible for all.