The automatic nature of SIPs makes it easier to stay committed and consistent with one's financial goals.
Low Investment Barrier:
SIPs, however, have a minimal entry barrier. Minimum INR 500 monthly as the lowest investment can enter SIPs. Therefore SIPs are ideal for novices or those who otherwise do not have a sufficiently disposable income to begin early saving and gradually increase the instalment amount. Flexibility and Customization:........................................................................................................................................................