News From Press SIPs are similar to recurring deposits but the money goes to a mutual fund investment

SIPs are similar to recurring deposits but the money goes to a mutual fund investment

Source: Livemint Dec 5, 2016

I want to know about systematic investment plans (SIPs) in detail. What are the things that I should keep in mind while starting investments in a fund via SIP?

—Neeraj Srivastava

SIPs are nothing but a method of investing a fixed amount in a mutual fund periodically, say, every month. So, for example, if you invest Rs5,000 in Franklin India Blue Chip fund on the fifth of every month, then you are said to be doing an SIP on this fund.

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