News From Press SIPs and recurring deposits are meant for different kinds of investors

SIPs and recurring deposits are meant for different kinds of investors

Source: Mint Aug 17, 2018

A lot of people plan to accumulate funds for investment, but find it difficult to save enough. It makes sense for such investors to make small investments regularly—monthly or quarterly. Two instruments—recurring deposits (RD) and systematic investment plans (SIP) in mutual funds—can help do just that. However, these instruments are very different from each other and cater to totally different sets of investors.

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