A systematic investment plan (SIP) is a long term commitment to your financial goals. After all, SIP is based on the dual concepts of rupee cost averaging and the power of compounding. Here is how it works. Firstly, when you invest in equity funds through the SIP route, you do not try to time the market or find tops and bottoms. You acknowledge that it is practically impossible to buy at the bottom and sell at the top. Therefore, you adopt a phased approach to reduce your cost of holding over a period of time
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