To achieve financial success in life, we put in a lot of hours at work. And it is only during these hours that we actually strive towards achieving our goal. But with a Systematic Investment Plan (SIP), your success is in progress. SIP lets you invest a fixed amount in mutual funds step- by-step, monthly or quarterly over a period of time, thereby averaging out your cost of investing and benefiting from the power of compounding. The power of compounding works best as you stay invested helping your money earn more money itself, over the years. So, as you get ready for work or even decide to take a break from it, be rest assured that SIP is constantly working towards your goals and helps you keep your success in progress.else’s dues.
A mutual fund is an investment security that enables investors to pool their money together into one professionally managed investment. Mutual funds can invest in stocks, bonds, cash or a combination of those assets. The underlying security types, called holdings, combine to form one mutual fund, also called a portfolio.
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