What is a Mutual Fund
A Mutual Fund SIP or “Systematic Investment Plan” is a simple and efficient way to create wealth for your future financial goals by making affordable, regular investments. Under the SIP mechanism, a fixed amount of money is deducted from your bank account on a specific date each month or quarter, and automatically invested into a mutual fund scheme of your choice. Mutual Fund SIP’s are highly flexible, as they allow you to increase, decrease, or regularly step up your investment amount as per your objectives and convenience. With close to 6 lakh new SIP’s being added each month, they have become the undisputed savings tool of choice for smart savers across India!