What is an SIP?

A Systematic Investment Plan, commonly known as the SIP, helps you invest a fixed amount in a mutual fund scheme at regular intervals.

Investment in mutual funds can happen in two ways – the lump sum method and SIP. In the case of the lump sum method, investors pay a large sum upfront and purchase units of mutual funds in one go. On the other hand, SIP involves regular payments at fixed time intervals helping you make staggered investment. The biggest advantage of investment via SIP is that one does not need to time his/her investment.

You can set up a SIP through ArihantPlus app in both mutual funds and stocks. To make a SIP investment, download the ArihantPlus app, login, choose the mutual fund scheme you'd like to invest, select SIP investment option, enter the amount you want to invest along with the period of investment (monthly or weekly), set up autopay so the money can directly be debited from your bank account on your chosen day automatically and voila, you're set on the path to your financial freedom!