o SIP, Systematic Investment Plan, is a regular investment option that is available in Mutual Funds. The other investment option comparable to SIPs is the recurring deposit schemes from Post office and banks.
o Basically, under an SIP option an investor commits making a regular (monthly or quarterly) investments in a particular Mutual Fund, at the then prevailing price of the fund (i.e., NAV)
o The SIP option is available with both Equity and income types of funds
o The minimum investment amount in SIP (Systematic Investment Plan) is in the range of Rs 100 to Rs 1,000 per month
o However, recently ICICI has launched an Rs50 per month SIP.