What does SIP mean in investing, and how does it work? I want to understand how a Systematic Investment Plan helps invest money regularly, its benefits, minimum investment amount, and whether SIP is suitable for beginners.
SIP is an abbreviation that means session Initiation Protocol. It is a signaling protocol to initialize, control and terminate real Time communications such as voice and video calls through the internet.
SIP (Systematic Investment Plan) allows investors to invest a certain amount of money to mutual funds on a regular basis which accumulates a wealth in time through systematic contributions.
The Systematic Investment Plan, or SIP, enables investors to regularly contribute a specific amount of money to mutual funds, which gradually build wealth through methodical contributions.
