What is SIP?

A Systematic Investment Plan (SIP) is a way to invest in mutual funds regularly, usually monthly, rather than putting in a large sum all at once. Imagine you want to save up for something big, like a bike or a trip, but instead of saving a lot of money at once, you save a small amount every month. SIP works similarly, but instead of just saving, the money is invested in mutual funds. This helps your money grow over time because it benefits from both regular contributions and the returns generated by the investment. SIP also reduces risk because you're not investing all your money at one time—you spread it out. Even if the market goes up or down, your regular investments balance things out in the long run.