Check out 5 key types of SIPs, from equity to debt funds. And learn when to choose each one based on your financial goals, risk tolerance, and investment horizon for optimal growth.

This type of SIP provides the benefit of long-term compounding. You don’t need to worry about renewing your SIP. However, you have the flexibility to redeem your investments whenever you wish.

A multi-SIP allows you to invest in multiple mutual fund schemes through a single SIP mandate. For example, with a monthly SIP of ₹10,000, you can allocate ₹2,500 each to four different funds.

An SIP of a pre-defined amount, say ₹10,000, invested at regular intervals (weekly, monthly, quarterly etc.) for a fixed tenure in a particular mutual fund scheme is the most basic SIP variant.

For example, the investor says to increase the SIP amount after the first 4 months by Rs. 2,000 then if the first SIP installment is supposed to be Rs. 4,000 per month, then after 4 months the ...

5 types of SIPs and their uses. Image source: Pixabay/Representational The choice of the systematic investment plan (SIP) depends on investor's financial goal, risk tolerance, and investment ...

Perpetual SIP Among the different types of SIP plans, Perpetual SIP is the most important plan as every investor has to make this decision of the start and end date of the Mutual Fund Scheme ...