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How SIPs Can Make You Rich

Want to become rich in India but don’t know where to start? Read this blog to understand how SIP mutual funds can help you grow wealthy across time.
April 18, 2024
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A Systematic Investment Plan (SIP) is a popular method of creating wealth slowly but steadily. A SIP requires you to invest a small chunk of money monthly, quarterly, or annually.

That’s how SIPs can grow into a large sum of money over time. More often than not, the term SIP is used in the context of mutual funds even though there’s the option of starting a SIP in stocks. 

In this blog, we’ll stick to SIP mutual funds to help you understand the benefits and whether or not you can become rich in India by investing in top SIP mutual funds. 

Why Invest Through SIPs?

Broadly speaking, there are 3 reasons why investors could benefit from starting a SIP, apart from the fact that it can fetch you solid returns and set up a source of passive income

1. Rupee Cost Averaging

A SIP in a mutual fund allows you to invest across market cycles. This basically means that you’ll invest the same amount of money when the market goes up or down. Because of consistency, you’ll get:

  • More units when the market is going down
  • Fewer units when the market is going up

The result would be an averaged number of mutual fund

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