What is SIP and how it works?
What is SIP? Systematic Investment Plan, commonly referred to as an SIP, allows you to invest a small sum regularly in your preferred mutual fund scheme. By activating an SIP, a fixed amount is deducted from your bank account every month, which gets invested in the mutual fund of your choice. Unlike a lump sum investment, you spread your investment over time with an SIP. Therefore, you don’t need to have a large amount of money to get started with your mutual fund investment through SIPs. By investing via an SIP, you are forced to set aside a sum at regular intervals, which help you instil a sense of financial discipline in the long run. Cryptocurrency SIP Over the short history, crypto-assets have generated the highest returns among all asset classes. But, is it sustainable? This is a question that has polarized the world. Investing in cryptocurrency is a high-risk activity. Several experts would advise you to invest or trade in crypto with the money you won’t regret losing. Not j...