SIP, or Systematic Investment Plans, is a form of organised financial instrument that helps people invest their money in a regular way into mutual funds. When setting up an SIP with a mutual fund, the invested amount is debited every month and the investments accumulate over a period of time. While SIP is one of the most popular investment instruments for investors in India, non-resident Indians (NRIs), are also allowed to invest in mutual funds. They don't require any prior approval from RBI or any other body before making investments. Let's know about this in detail.
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