SCIENCE OF SIP
What is SIP and how does it work : What is SIP and how does it work: Just like recurring account, in SIP investor commits fix amount on a regular basis. In fact SIP is more convenient and investor friendly than recurring deposit. Investor can start SIP in any of the mutual fund scheme. In this investor can decide a particular day of the month on which he/she wants to make investment. Once day is decided and mentioned in the application form, fixed amount gets debited from the account on that particular day and equivalent numbers of units get allotted to investor based on that day's NAV. Why SIP : Automatic Market Timing & Rupee Cost Averaging: The biggest advantage of SIPis you can time the market automatically, as irrespective...
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