For whom SIP is not best, understand the complete details here
| May 27, 2024, 12:34 IST
There is a lot of awareness among people towards investment. People are making a lot of money from this.
The option in which people are investing the most these days. One of those options is SIP.
SIP means Systematic Investment Plan. It gives the option of monthly investment.
The money invested in this is indirectly invested in gold, equity, and bonds.
This option is not good for those who have to withdraw money in the short term.
Because if you withdraw money before 1 year, then you have to pay a penalty as per the fixed amount.
That is why experts consider SIP to be the best for the long term and recommend regular investments.
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