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Why not to use credit card? How to Stop Overspending of money? We’ll list down few best SIP plans to consider investing in new year 2018. But before that lets get some concepts clear about the SIP itself. Increased awareness about the SIP will help a person to invest more wisely in mutual funds via SIP route. In order to make schemes attractive and affordable for small investors, mutual fund companies offers SIP Plans. What makes SIP plans best is the convenience with which one can buy units of mutual funds.
In the past decade, SIP plans have really become popular among people in India. Not only beginners, even experienced investors prefer to invest in equity through SIP route. SIP plans are super hit with small investors. They are affordable and convenient for the investors pocket. Gradual investment, coupled with the benefit of compounding makes SIP one of the best long term wealth building option.
What we mean by gradual investment? SIP is being referred as gradual because, big amounts are not used to buy mutual fund units at a time. Instead, smaller amounts are gradually invested month after month to accumulate units at a slow pace. Though the accumulation process is slow, but it is a very sure way to gather units, without fail, every passing month.