InvestorQ : What is start date of SIP?
Abigail Ghoshal made post

What is start date of SIP?

Answer
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2 years ago


Through SIP, one can start investing in Mutual funds with a small pre-determined amount at a regular interval. To start investing in SIP, all you need to do is filling the application form and select the date for the start of SIP as per one’s choice. According to your convenience, you can select any date on which you will pay the investment amount. This amount will be either paid through cash, cheque or ECS wherein the said amount will be deducted from your bank account at a regular interval. So the start date of SIP is the date when you want to start.

SIP is a disciplined way of saving and investing for every salaried person.