Selecting a fixed amount to be invested over a predefined period on a monthly basis is what everyone generally does when it comes to investing in mutual funds through the systematic investment plan (SIP) route. However, apart from this plain vanilla SIP, we have five more SIPs namely, perpetual SIP, multi/combo SIP, flex SIP, trigger SIP and step-up SIP. Every kind of SIP has its own use under different circumstances.
In this episode of the Portfolio podcast, Parv Shah and Siddharth MC discuss the nitty gritties of choosing systematic investment plan.
Tune in to the podcast to understand how these different kinds of SIPs can help you in varied situations.