What is SIP (Systematic Investment Plan)?

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Many investors now take the SIP (Systematic Investment Plan) route to begin their savings and take advantage of compounding returns in the best way. As SIP is considered the most convenient way of investing in the equity markets, Financial Advisors suggest investors opt for it. SIPs are generally advised to investors who look to invest a certain sum of money in mutual funds at regular intervals to build a corpus for meeting any long-term financial goals.
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