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An SIP or a Systematic Investment Plan allows an investor to invest a fixed amount regularly in a mutual fund scheme, typically an equity mutual fund scheme. It is one of the best ways of putting your money in equity mutual funds as it sets a discipline in the investor. SIP works on the principle of regular investment and is similar to recurring deposits.
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Title: The Future of the Brokerage and Investment Management Industry Author: Chip Roame Last modified by: Chip Roame Created Date: 9/16/1999 2:32:38 AM