SIPs: Start Easy, Stop Flexibly, Build Wealth Consistently

• A Systematic Investment Plan (SIP) is a method for regular, small investments in mutual funds, promoting discipline and reducing market timing pressure.
• Starting a SIP is now easy and mostly online, requiring KYC, PAN, Aadhaar, and a bank account.
• Choose a mutual fund based on your financial goals; long-term goals often suit equity/index funds, while short-term goals may prefer debt/hybrid funds.
• If you stop a SIP, previously purchased units remain invested and continue to grow; only future contributions cease, slowing compounding.
• Missing a SIP installment typically incurs no penalties from the fund house; the SIP simply skips that month, and you can restart or reduce the amount.

Why It Matters: This explains how SIPs enable disciplined, flexible wealth creation for investors.