How Does SIP Work in Mutual Funds? | SIP For Beginners
The SIP facility allows you to invest a fixed amount of money at predefined intervals in the mutual fund scheme of your choice. When you invest a fixed amount of money in equity mutual fund schemes at regular intervals without timing the stock market you end up investing at different stock market levels. You will be able to purchase more equity mutual fund units when the stock market is down and lesser units when the market is high for the same amount. Step-Up SIP helps you build a bigger corpus than a regular SIP and reach major financial goals faster.
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