What is SIP?
SIP term indicates Systematic Investment Plan, which means you can invest a fixed amount of money periodically without any market risk.
By investing in mutual funds stepwise, you can create a systematic investment plan. Investments are made on a fixed date for a fixed period with a fixed amount (usually monthly or quarterly). The returns generated by the scheme are market-based.
You can estimate the value of your SIP investments using the SIP planner calculator. The calculator computes the future value by entering information such as expected returns, investment amount, and others.