SIP or Systematic Investment Plan is a very popular and effective way of investing regularly into a mutual fund scheme. A monthly SIP in a mutual fund equity scheme can be very good tool for planning for your future long term goals in life and also as an effective tool to save regularly. A monthly SIP can be started with as little as Rs.500 every month with no upper limit with the option of investing in a wide choice of mutual fund schemes - both equity and debt in nature. It is a recommended investment option suitable for every investor.
This tool can help you how much you need to invest monthly to accumulate a target amount in future.