Nowadays, SIPs are a popular option, particularly among young people because of their ease of use. Understanding that people have hectic lifestyles, SIPs provide a simple way to invest.
Top 5 Reasons to Pick SIPs-
Accessible Entry
Auto Pilot Investment
No Need to Time the Market
Flexibility
Goal-Oriented Investment
SIPs offer several advantages over traditional investments, including accessibility, no need to time the market, flexibility, and goal-oriented investment in auto pilot mode which can be fixed by yourself.
Starting with as little as INR 100, SIPs allow investors to start with a fixed amount and increase it later based on their preferences. They eliminate the need to time the market and average out the overall cost of purchase through rupee-cost averaging. SIPs also allow investors to determine the amount, frequency, and time period of their investments, making them a disciplined habit. They also offer a structured way to achieve financial goals, such as buying a home, funding education, or retirement planning.