SIP- Systematic Investment Plan
For me SIP is synonym to Financial Planning. For persons financial planning, one needs to invest systematically under debt and equity. SIP of mutual funds can do it with much ease.
Advantages of SIP:
Biggest advantage of SIP is it adds much needed discipline to your life/ goals and portfolio. We start saving drops and at end it becomes a very big corpus.
Biggest reason for losses in equity market is when we try to time it. With SIP I need not to check market is High or Low, because my investment will happen at High time as well as Low, thus reducing the risk.