What is a SIP?

What is a SIP?

  • SIP(Systematic Investment Plan) refers to investing in mutual funds or other financial instruments by contributing a fixed amount regularly at predefined intervals (e.g., monthly or quarterly).
  • The funds available in Jainam’s trading account can be used for the SIP order. However, if the client wants to automate funding for the SIP  for mutual funds, then he can use the e-mandate feature on Galaxy.