Systematic Investment Plan (SIP) is a form of investment in which the investor chooses a mutual fund based on his/her choice and invests a fixed amount regularly in that mutual fund. Instead of investing a lump sum of money at one goes, a systematic investment plan uses the concept of investing bit-wise over time. SIP is a great way of investing that allows an investor to invest anywhere from a small amount to a huge amount depending on their preferences, needs and financial goals.

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