What is SIP (systematic investment plan )?

Posted: 20 Jun 2011 07:07 PM PDT

SIP is a way of investing regularly in mutual fund schemes. Through this, you can invest a fixed amount (as low as Rs 100 and in multiples thereafter) monthly or quarterly for a pre-determined period in a fund. Units are allotted to you at the net asset value existing on the day of investment. Besides mutual funds, some brokerages and gold exchange-traded funds have also started offering this...

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]