SIP in Mutual Fund is like running a marathon. Marathon runners practice throughout the year but keep stepping-up their targets every year starting from dream run, moving to half marathon and finally a full marathon. The same goes with SIPs.
Systematic Investment Plans (SIPs) are a disciplined way of investing in Mutual Funds that offer you twin benefits of managing market fluctuations through rupee cost averaging and power of compounding over long-term. SIPs have become a popular way of investing in Mutual Funds as they allow small and regular investments over many years. Does this mean you’ll be stuck forever with the initial SIP amount you started with? The answer is NO.
Suppose you started with INR 3000 p.m. in Equity Mutual Fund and continued investing for
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