The number of SIP accounts hit an all-time high of 7.13 crore in September while new account additions were 36.77 lakh. Investors putting money in the stocks through the Systematic Investment Plan ...

Mutual Fund: SIP, also known as Systematic Investment Plan, is an organised method of investing in mutual funds. It involves making consistent contributions at fixed intervals to promote steady wealth ...

Paytm, in a strategic partnership with SBI Mutual Fund, has launched the JanNivesh Systematic Investment Plan (SIP) initiative, aimed at enhancing financial accessibility for a wider audience. This ...

Incidentally, the data further showed that over 10 crore outstanding SIP accounts invested an average of Rs 2,499 each in October, the highest since May 2020, up from Rs 2,483 in September and Rs ...

Mutual funds (MFs) are seeing higher growth in new systematic investment plan (SIP) accounts in rural areas (beyond 30 or B30 centres) compared to the top 30 (T30) cities. Illustration: Dominic Xavier ...

SIP stands for Systematic Investment Plan. A SIP plan is a systematic approach in terms of saving money through investments. A SIP plan is a plan that will allow one to invest their money into SIP ...