Systematic investment plans, or SIPs, have gained prominence over time, with investors largely reposing faith in the instrument, which, experts say, allows investors to consistently pool in small sums of money without much time and effort, making it an ideal long-term ‘wealth creation’ tool.
“Even a monthly contribution of Rs 10,000 could make you a ‘crorepati’ in 17-18 years if one were to invest in a small or midcap fund with the potential to deliver a CAGR of 15%,” said Harsh Gahlaut, founder and CEO of FinEdge, an investment advisory services provider.
