SIP - Systematic Investment Plan

Systematic Investment Plan - SIP It is one of the best and very simple method of investing in Mutual Funds. This is the method in which a common man who does not know much about Equity market and mutual fund can invest and earn smart profits. If a person wants to invest in mutual funds without much efforts, can opt for SIP method of investing. What Is SIP? SIP is a method of investing a fixed sum of money, regularly (On fixed dates of months), in a mutual fund scheme. SIP allows one to buy units on a given date each month, so that one can implement a saving plan for themselves. The biggest advantage of SIP is that one need not time the market. Let us understand SIP with an example Client : Hi Mr. Advisor, I want to know the difference between stock SIP vs Mutual fund SIP. Which one is better & why ? Can u explain both the concepts ? Advisor : Yes sir surely. Why not. Well, stock SIP is averaging and Mutual fund SIP is rupee cost averaging. Albert Einstein quote... Compound inte