How SIP Helps in Achieving Financial Goals

When it comes to investing, today almost every other person opts for a systematic investment plan (SIP). This is largely because over the past decade investors have realised that SIP is the simplest way to create wealth and achieve financial goals in a seamless manner. SIP is a method to invest in mutual funds systematically and take exposure to various asset classes like equity, debt, gold, etc. By setting up SIP, a pre-defined amount gets automatically debited from the investor’s bank account and credited to the investment account. Here, the investor has the flexibility to choose a convenient date and SIP contribution frequency which can be daily, weekly, monthly, or quarterly.