Mutual fund investment is a great way to diversifying your overall investment portfolio. Mutual funds are managed by professionals and you don’t need a huge amount to invest in them. But one more reason to invest in them, is that because the law of compounding will make you rich in 10 years.
SIP or Systematic Investment Plan refers to the practice of investing a constant amount regularly in a Mutual Fund, generally on a fixed date every month. By investing on a fixed schedule, you avoid the complex or even impossible duty of trying to figure out the exact best time to invest.