Systematic Investment Plan (SIP) Calculator
Systematic Investment Plan (SIP) Calculator
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What is SIP?
Systematic Investment Plan (SIP) is a disciplined investment approach where investors contribute a fixed amount regularly into mutual funds. It helps in wealth accumulation over time through rupee cost averaging and compounding.
Benefits of SIP
- Encourages disciplined saving and investing
- Reduces market risk through rupee cost averaging
- Power of compounding enhances long-term wealth
- Flexible and affordable for all investors
Best Strategies for SIP Investment
- Start early to maximize compounding benefits
- Choose funds based on risk tolerance and goals
- Increase SIP amount periodically to match income growth
- Remain invested for long-term to avoid market fluctuations
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