Systematic Investment Plan (SIP),
What Does Systematic Investment Plan (SIP) Mean?
Systematic Investment Plan (SIP) definition is: A managed investment plan (SIP) is a plan in which investors make regular payments equal to 401 (k) such as mutual funds, business accounts, or retirement accounts. SIPs allow investors to save less on a regular basis, while enjoying the long-term benefits of the Dollar Cost Average (DCA). In the DCA strategy, an investor buys an investment by gradually transferring the same funds over time to build wealth or portfolio over time.
- A systematic investment plan consists of investing a fixed amount of money permanently and usually in the same security.
- SIPs usually withdraw from financial accounts automatically and may require additional liabilities from investors.
- SIP operates on the principle of average price.
- Most brokers and mutual fund companies offer SIPs.
A service option that usually allows investors to buy shares of a mutual fund on a regular basis through bank withdrawals.
Literal Meanings of Systematic Investment Plan (SIP)
Meanings of Systematic:
Implement or follow a set plan or procedure.
Sentences of Systematic
Organized citywide search
Synonyms of Systematic
regular, careful, standardized, meticulous, businesslike, systematized, formal, orderly, standard, well ordered, consistent, coherent, fastidious, structured, planned, routine, logical, efficient, organized, methodical, practical
Meanings of Investment:
The act or process of investing money for material gain or results.
Siege of a place by enemy forces to encircle or stop it
Sentences of Investment
Discussion on private investment in road construction
Synonyms of Investment
Meanings of Plan:
Decide and plan ahead.
A project or plan (to create or create something)
Detailed advice on what to do or get.
Any intention or decision about what to do.
Sentences of Plan
They are planning a trip to Egypt
They make gardens
I have no intention of resigning
Synonyms of Plan
project, draw up a layout of, intention, target, ambition, outline, scenario, strategy, arrangement, aim, formulate, master plan, hope, contrive, proposal, make a representation of, develop, programme, chalk out, proposition, make a drawing of, map out, make a map of, line up, system, prepare, organize, work out, sketch out, aspiration
Meanings of SIP:
Drink (something) in small bites.
A small sip of liquid.
Sentences of SIP
I sit and drink coffee
He took a sip of red wine
Synonyms of SIP
drop, mouthful, swallow, taste, drink slowly, sample, drink, nip, dram