Systematic Investment Plan (SIP): Meaning, Benefits, How It Works
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Systematic Investment Plan (SIP): Meaning, Benefits, How It Works
Read this article to know all about systematic investment plan (SIP), meaning, types, how it works, benefits, and how to start SIP plan online for free at ET Money.
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Don’t do SIP, Stop it immediately ! Start a Step-up SIP We all know that a systematic investment plan (SIP) of a mutual fund gives us the added advantage of rupee cost averaging. But there is a problem in the traditional SIP. It assumes a constant SIP each month for a long period of time. But that is not the way your income grows. For example, if you are in a job then you get annual increments and if you are in business your revenues and profits will grow over a period of time. It would be there
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Don’t do SIP, Stop it immediately ! Start a Step-up SIP We all know that a systematic investment plan (SIP) of a mutual fund gives us the added advantage of rupee cost averaging. But there is a problem in the traditional SIP. It assumes a constant SIP each month for a long period of time. But that is not the way your income grows. For example, if you are in a job then you get annual increments and if you are in business your revenues and profits will grow over a period of time. It would be there
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