Investment Tips: Systematic Investment Plan i.e. SIP is one of the best investment options in today’s time. Most people are investing in mutual funds through SIP to invest their money. You can raise a large amount by investing regularly in SIP for a long period. If you are also planning to invest in SIP, then today we will give you information about various types of SIP….
Regular SIP
In regular SIPs, you have to invest a certain amount in a certain period. The amount invested in regular SIP is fixed.
Flexible SIP:
People whose income is not fixed, that is, their income keeps on growing, they can invest through flexible SIPs. You can decide the amount of investment in flexible SIPs in your own way.
Step-up SIP
The amount invested in step-up SIP is extended over time. Usually, SIP amount in step-up SIP has to increase 10 percent every year.
Trigger SIP
Investing through trigger SIP is best for those who specialize in understanding market fluctuations. In the trigger SIP, the investor can set the trigger for his investment in SIP based on the market.
Insurance with SIP:
You can also take insurance cover in SIP. This type of SIP gives you the benefit of investment along with investment.
The post is not 1 but 5 types of SIP, know what is the specialty of every SIP before investing first appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
