Why SIPs are your best friend in wealth creation

A Systematic Investment Plan is a way to invest small amounts periodically in mutual funds to create wealth over a period of time with the magic of compounding. And therein lies the real magic of SIPs: consistency, not timing. Even when the market would fluctuate, your regular investments average out the cost per unit through rupee cost averaging. As an example, investing Rs. 5,000 monthly for 20 years at an average return of 12 percent can grow to over Rs. 50 lakh, proving how small contributions can make a big difference.

How to choose the right SIP strategy

Never chase returns blindly. Instead, align your SIP investments to certain goals, such as buying a house, funding education, or creating a retirement corpus. Diversify between equi

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