SIP matlab Sleep In Peace
All market-linked investments go through ups and downs with equities exhibiting more volatility than debt. A Systematic Investment Plan (SIP) is just the antidote to counter this volatility and thus create long term wealth.
What is it ?
You just commit to a fixed amounts (for ELSS Rs 500 else Rs 1000) at a periodic frequency (monthly or yearly) for a fixed tenure. The money gets automatically debited from your designated account either through a preset Standing Instruction or ECS mandate and units get created.
Here's why it helps
Read on to know more.