The way we invest has changed over the past few years. Earlier, investing required larger capital. However, through a systematic investment plan (SIP), one can begin investing with as little as ₹500. Investing in a mutual fund through a SIP can be highly advantageous and is accessible to many investors. In this blog, we will go over the best SIP mutual funds, their key benefits, risks, and tax implications.
A systematic investment plan (SIP) is a method of investing that has rapidly gained popularity in recent years. Under a SIP, investors invest a fixed amount of money at periodic intervals such as monthly, bi-monthly, quarterly, or semi-annually.
A monthly SIP in a mutual fund is the process of investing a predetermined sum each month in mutual fund units. For most funds, the minimum SIP investment is ₹500. Investors can pause and restart the SIP at their own convenience.
The number of units purchased depends on the fund's net asset value (NAV). For example, if an investor has an SIP of ₹500 in a mutual fund, more units can be purchased when the NAV is lower. If the NAV
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