SIPs for disciplined investing from "summary" of Let's Talk Mutual Funds by Monika Halan
Systematic Investment Plans (SIPs) are an excellent tool for disciplined investing. The idea behind SIPs is simple - investing a fixed amount regularly in a mutual fund scheme. By setting up an SIP, you commit to investing a specific amount at regular intervals, typically monthly. This disciplined approach to investing helps in avoiding the temptation to time the market, which is often a losing game. The beauty of SIPs lies in their ability to harness the power of compounding. When you invest regularly over a long period, the returns generated on your investments start generating returns of their own. This snowball effect can lead to significant wealth creation over time. SIPs also help in averaging out the cost of investment. Wh...Similar Posts
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