SIP stands for Systematic Investment Plan. It is a method of investing a fixed amount of money at regular intervals in mutual funds or other investment vehicles. SIP allows investors to build wealth over time by taking advantage of compounding and rupee cost averaging.
With SIP, you can invest as little as ₹500 per month, making it an accessible option for many investors. It helps in disciplined investing and can be a great way to achieve long-term financial goals.