New Delhi: Systematic Investment Plans (SIP) are most popular among mutual fund (MF) investors. It allows investors to invest regularly a fixed sum in mutual funds. It is somewhat similar to a recurring deposit where you deposit a fixed amount of money every month. It is also considered as the most convenient mode of investing in MF through standing instructions to debit your bank account every month. There is no need to write out a cheque every month. The installment amount to start SIP can be as small as Rs 500 a month...
https://www.timesnownews.com/business-economy/personal-finance/planning-investing/article/no-cheques-no-standing-instruction-heres-how-to-start-a-mutual-fund-sip-online/385417
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