January 25th, 2011 
admin 
If you are keen to save some good money for your future, it is time that you invest in Systematic Investment Plan, popularly known as SIP.
It is a scheme that allows you tot invest in a mutual fund a certain amount of money over a period.
From in.finance.yahoo.com:
Advantage of SIP
Systematic investment plan has many advantages over one time investment. Some of the advantages are mentioned below.
Price averaging: SIP allows you to average the price over long period so that the impact of changing prices of mutual fund is minimized. You can buy more units when the prices drop and buy less when the prices move up. The advantage is that you do not have to worry about price movement.
Discipline: SIP instills in you a sense of discipline towards investment and savings.
Low base requirement: You can start SIP with a much lower investment. Many banks and financial institutions allow investment via SIP as low as Rs 500 a month.
For proceeding with SIP, you need to ask your bank to allow a mutual fund of your choice debit a certain amount towards investment every month.
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