What is a Systematic Investment Plan (SIP)?

A Systematic Investment Plan (SIP) is an investment strategy where you invest a fixed amount regularly in mutual funds or other investment vehicles. This approach helps in building wealth over time through disciplined investing and the power of compounding.

How does rupee cost averaging work in SIP?

Rupee cost averaging is a benefit of SIP where you buy more units when prices are low and fewer units when prices are high. This averaging helps reduce the impact of market volatility on your investment over time.

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Last updated: April 20, 2024

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