What is SIP & How Systematic Investment Plan(SIP) Works?
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What is SIP & How Systematic Investment Plan(SIP) Works?
SIP is an investment option wherein small amounts are invested periodically instead of lump sums. Understand its meaning, how it works, types, benefits, etc. on Groww.
Oct 24, 2019
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A SIP, or systematic investment plan, is a tool for investing in mutual funds. The term “Step-Up SIP” is a systematic investment plan (SIP) approach for investing in mutual funds that entails gradually increasing the investment amount over time. With a step-up SIP, you can begin with a smaller investment and gradually raise it as opposed to making a fixed amount of investments every month.📈 Disclaimer- The information provided on our platform is intended only for simplification and education pu
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