What is SIP (Systematic Investment Plan)?
A Systematic Investment Plan (SIP) is a disciplined and convenient method of investing in mutual funds. It allows you to invest a fixed amount of money at regular intervals (weekly, monthly, or quarterly), instead of making a lump-sum investment. Think of SIP as a monthly EMI—but instead of paying, you’re investing in your future.
Why Choose DeepPriya for SIP?
- Consistency: Encourages regular savings and investment habits.
- Cost Averaging: Reduces the impact of market volatility through Rupee Cost Averaging.
- Power of Compounding: Small, regular investments grow significantly over time.
- Budget-Friendly: Start investing with as little as ₹500 per month.
FAQs for SIP
Absolutely! You can run multiple SIPs across different mutual funds based on your financial goals—like education, retirement, or buying a house. This helps in diversifying your portfolio and managing risk better.
Yes, most SIPs offer the flexibility to pause, modify, or cancel your investment at any time. You simply need to inform your fund house or log in to your investment platform. However, keep in mind that consistency is key to long-term wealth creation.