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Query: What are the main Benefits of SIP

Category: Mutual Fund

Answer: If I invest in any mutual fund by depositing funds on monthly basis (SIP) then what are the benefits to me?

Date Posted 27-Nov-2019
Posted By Kumar Prakash
Views: 804

Admin On 27-Nov-2019
Since SIP is an investment in mutual funds so enjoy all the benefits of investing in mutual funds. Also since we invest a fixed amount every month or quarter, the rate is applied for the purchase of units is the rate which is the current rate of the day so we get investment in the longer horizon in an average price. This helps us to get even the benefits of a slow down period when we get the units at low prices. And we can liquidate the SIPs at the time when we have better prices. It is good for a longer horizon.

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