what SIP means in the context of mutual funds?
In mutual funds, SIP stands for Systematic Investment Plan. It is a method of investing a fixed amount of money regularly in a mutual fund scheme. Under the SIP approach, investors can choose a fixed investment amount and a periodicity (such as monthly, quarterly, or weekly) for investing in the mutual fund. These regular investments can help investors reduce the impact of market volatility by utilizing a concept called rupee cost averaging.
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