The SIP or Systematic Investment Plans became very popular in the last few years. Courtesy to demonetisation, many individuals found the charm of SIP and mutual funds investment.
Many “Mutual Fund Sahi Hai” campaigns also aided in popularising the idea of SIP and mutual funds investment. Meanwhile, a lot of investors, comprising those who have already made SIP investments in mutual funds, are often muddled about SIPs.
Many investors have an impression that SIP is a product. It is very common to run across a query – What is SIP meaning? Can I put money in an Systematic Investment Plan to achieve my financial goal? Generally Systematic Investment Plan and mutual fund schemes are considered as synonyms without knowing SIP meaning. An SIP is a mere tool that helps you to invest regularly in a mutual fund schemes, mostly in equity mutual fund schemes.