A SIP buys fund units each month at that day's price, so you buy more units when prices are low and fewer when they are high. It builds a habit and removes the need to time the market.
Returns are not guaranteed. Equity funds suit goals five or more years away.
Example
₹10,000 a month for 10 years at an assumed 12% a year grows to about ₹23.2 lakh, on ₹12 lakh invested.
