Investing
SIP
Also known as: Systematic Investment Plan
Investing a fixed amount into a mutual fund automatically every month instead of all at once.
A SIP just means you put a set amount, say ₹5,000, into a mutual fund on the same date every month. It gets auto-debited, so you never have to remember or time the market.
The whole point is discipline and averaging. Some months the market is high, some months low, and your fixed amount buys fewer or more units accordingly.
It is not a product you buy. It is just the way you invest into a fund. You can start, pause, increase, or stop it whenever you want.
For example
A ₹5,000 monthly SIP into an index fund from age 25 to 60, growing at 12%, can cross ₹3 crore. The magic is time, not the amount.