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What Does Systematic Investment Plan – SIP Mean?

April 26, 2017dictionary Education glossary Investment mean Plan SIP systematic tutorials

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What Does Systematic Investment Plan – SIP Mean?

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This is a plan where investors make regular, equal payments into a mutual fund, trading account or retirement account, such as a 401k. By using a systematic investment plan (SIP), investors are benefitting from the long-term advantages of dollar-cost averaging and the convenience of saving regularly without taking any actions except the initial setup of the SIP.