Markets are volatile, time to Increase your SIP, Have you done it yet?
New Delhi (India), August 23: Over the past few years, the Systematic Investment Plan (SIP) has emerged as a popular and efficient investment strategy for investors who have been investing in mutual funds. Compared to lump-sum investment, SIP promotes discipline and adherence to the investors. In a SIP, investors need to invest a fixed monthly amount on a predetermined date as per their convenience. As a result, it not only brings discipline to investors but also helps them avoid the hassle of identifying the right time to invest in the market. In other words, SIP is a simple yet effective strategy to tackle the market's volatility and minimize your risk exposure. In addition, the monthly returns received from the SIP will be reinvested until maturity. Therefore, it brings the real power o...