Systematic Investment Plan
The best thing about mutual funds is that they enable you to invest with very small amounts via SIP ( Systematic Investment Plan). When you set up an SIP with any mutual fund, your account is debited a fixed amount every month. This amount is invested in a mutual fund of your choice. Over a period, your investments accumulate, and they keep growing.
Benefits of SIP
- Disciplined Investing approach:
- Compounding effect
- Rupee cost averaging
- Power of starting early
QBG Geojit will help you to choose a SIP scheme based on your needs.