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What is SIP?
A SIP is a systematic investment plan which allows you to invest a fixed amount of money at pre-defined intervals in your selected mutual fund scheme. The pre-defined intervals can be weekly, monthly or quarterly. You can increase or decrease the SIP amount anytime whenever you want. For example, if an investor starts a monthly SIP of ₹1,000 in a mutual fund, that amount will automatically be deducted from your bank account and invested in that mutual fund every month on the pre-decided date. This makes a SIP an automated way to invest.
