SIP Mistakes Cost Millions: Avoid These Errors for Better Returns

• Stopping SIPs during market downturns is a common and damaging mistake, as rupee cost averaging benefits from lower prices.
• Failing to increase SIP contributions annually or with income growth limits long-term corpus building.
• Misunderstanding that SIP is only an investment method and doesn't reduce equity risk; avoid equity SIPs for short-term goals.
• Over-investing in trending thematic/sector funds without diversification can lead to losses when the sector slows.
• Ignoring tax planning for SIP withdrawals can result in higher Short-Term Capital Gains Tax; plan withdrawals carefully.