A systematic investment plan, or SIP, is a route t... moreA systematic investment plan, or SIP, is a route to a mutual fund and not the mutual fund itself, explains personal finance expert Monika Halan in this episode of Money With Monika.An SIP is similar to a recurring deposit (RD) in a way that it cultivates a savings habit, but they differ in returns. RDs result in fixed returns but SIPs are market-linked. Choose an SIP over lump sum investment to reduce market risks as it gives you the benefit of rupee-cost averaging, she says. Monika Halan is consulting editor, Mint, and author of 'Let's Talk Money'. Watch the full video for more.
Recommended For You
Feedback
Select your Category
Your Message
No Network
Server Issue
Internet Not Available
Wait for it…
Log in to our website to save your bookmarks. It'll just take a moment.