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SIP-Systematic Investment Plan-Basics

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My Dear readers, followers, taxpayers & clients,   Welcome to my blog. Get yourself update with changes in tax structures.  SIP- (Systematic Investment Plan) We always hear from some people that, they have invested in SIP. Then another one also tells us that he/she has also invested in SIP. SIP...SIP...SIP... Do you know about SIP? If not then Let’s see some basics behind this. SIP- (Systematic Investment Plan):- What is SIP? It is a Systematic Investment Plan, which focuses around the philosophy of “Save First, Spend Next”. We can invest small amounts at fixed intervals (either weekly, monthly or quarterly depending upon plan which we choose) instead of doing a one-time investment. Benefits of making investment in SIP:- With SIP, we can start investing in small amount and can get big returns. SIP is a simple and convenient option to invest. It also brings financial discipline. 1.      Convenience:- We can invest in a disciplined and phased manner using