SIP Tips: Just follow 3 rules during SIP, then see how you earn bumper profits..

Systematic Investment Plan, commonly known as SIP, is becoming the top choice of investment in today's time. Money is invested in mutual funds through SIP. SIP is considered to be less risky than investing money directly in the market, and investors get a lot of flexibility regarding investment in it. For this reason, this scheme has become a hit very fast. According to experts, its average return in the long term is up to 12 percent, which is much better than all the schemes running in today's time.

If you want to earn big profits by investing in SIP for a long time, then understand some important things. If you follow them, then you can very easily create wealth for the future through SIP.

1. Be disciplined about investment
If you want to create wealth through SIP, then you have to be disciplined in terms of investment. Meaning, if you have started investing once, then continue it continuously. If you have started SIP for a long time, then do not stop it in between, and do not withdraw money in between. You can certainly start SIP with a small amount, but if you continue it with discipline for a long time, then you can earn a very good profit.

2. Do not start SIP of a very large amount
If you are starting SIP for a long time, then do not start it with a very large amount. The reason for this is that sometimes due to some special circumstances, people are not able to continue SIP of a large amount continuously. In such a situation, SIP stops in the middle, due to which you are not able to earn a very good profit.

3. Top up SIP
Another better way to collect a large fund through SIP is to keep increasing the amount with which you have started the SIP by a little money every year. If you top up your SIP every year even by 10% or 5%, it will benefit you greatly in the future.

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