Dreams can only be achieved if you work towards them. Even building wealth is no different. A Systematic Investment Plan (SIP) helps you do just that.
SIP is a method of investing a fixed sum regularly in a mutual fund scheme. SIP allows one to buy units on a given date each month to implement a saving plan for themselves. The biggest advantage of SIP is that one need not time the market. In timing the market, one can miss the larger rally and may stay out while markets are doing well or enter at the wrong time when either valuation has peaked or needs are on the verge of declining. Rather than timing the market, investing every month will ensure that one is supported at the high and the low and make the best out of an opportunity that could be tough to predict in advance.
