When you invest in a SIP, the monthly returns derived from the SIP will be reinvested in your investment amount until maturity. So, with time your investment amount is exposed to the impact of compounding and helps you with exponential growth.
important of sip
– finalise a saving goal. many people invest in sip as a means to save tax or invest their surplus cash. ... – decide your investment duration. ... – choose the asset class to invest in. ... – decide the amount of contribution. ... – choose the bank and payment date
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