Top 5 Reasons to invest in SIP
Before knowing that why SIP is important you should know what is SIP. It is a smart financial planning tool that helps you to create wealth. SIP is systematic investment plan, that means a fixed amount of money is debited by the investor’s bank account periodically and invested in a specific mutual fund. The investor is allocated a number of units according to the current NAV. Every time a sum is invested, more units are added to the investor’s account.
