A Systematic Investment Plan (SIP), commonly referred to as SIP, is a service provided by mutual funds to subscribers that allows them to make regular investments.
Mutual funds are the most popular long-term investment vehicle since they provide not only liquidity but also dividends, diversification, expert administration, flexibility to invest in tiny portions, lower cost, lower tax on gains, tax benefits, and so on.
Mutual funds have a track record of being long-term investments where investors pool their funds and invest through fund managers in stocks, bonds, and other securities.
The Systematic Investment Plan (SIP), a method of investing allowed by mutual funds, allows one to make periodic fixed-amount investments in a particular equity or debt-oriented scheme.