![]() The saying ‘the early bird catches the worm’ holds true for an SIP, as you can benefit greatly from starting early. One of the biggest advantages of this plan is that it inculcates the habit of saving in the user so that they can start to build a respectable fund for the future. One can invest a particular prearranged amount at regular intervals that are chosen beforehand (quarterly, monthly, weekly, etc.). ![]() It permits one to purchase units on a particular date every month in order to implement a saving plan. ![]() An SIP (Systematic Investment Plan) is a smart, hassle-free method of investing a fixed sum in a mutual fund scheme.
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