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What are SIPs (Systematic Investment Plans), and how do they work in mutual funds?
What are SIPs (Systematic Investment Plans), and how do they work in mutual funds?
SIPs are a popular investment method in mutual funds where investors invest a fixed amount regularly, typically monthly, in a chosen mutual fund scheme. SIPs enable investors to benefit from rupee cost averaging and the power of compounding, making it easier to achieve long-term financial goals through disciplined investing.