“A systematic investment plan, or SIP, is a route to a mutual fund and not the mutual fund itself,” explains personal finance expert Monika Halan in this episode of Money With Monika.“An SIP is similar to a recurring deposit (RD) in a way that it cultivates a savings habit, but they differ in returns. RDs result in fixed returns but SIPs are market-linked. Choose an SIP over lump sum investment to reduce market risks as it gives you the benefit of rupee-cost averaging,” she says. Monika Halan is consulting editor, Mint, and author of ‘Let’s Talk Money’. Watch the full video for more.
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On You Tube:
https://www.youtube.com/watch?time_continue=3&v=Si-awXMp6SM
On Livemint
https://www.livemint.com/Multimedia/ACyC4sr7F5V4KISEvSxL9K/Money-With-Monika-A-guide-to-mutual-fund-SIPs-Season-2-Ep.html