SIP
Investing a fixed amount into a fund at regular intervals.
What is SIP?
SIP (systematic investment plan) is a method of investing a fixed amount into a mutual fund at regular intervals, typically monthly, rather than as a single lump sum. It applies cost averaging so units are bought at varying prices over time, and combined with compounding it aims to build wealth steadily over the long term. The final value depends on the contribution amount, the frequency, the expected rate of return, and the duration.