New Delhi, July 27 -- Building wealth is often a gradual process that requires discipline and a long-term perspective. For many investors, a SIP mutual fund investment can be a structured way to invest regularly instead of waiting to accumulate a large lump sum.

A Systematic Investment Plan (SIP) is not a separate investment product. It is a facility that allows investors to invest a fixed amount in a selected mutual fund scheme at regular intervals, such as weekly, monthly, or quarterly. Rather than attempting to predict market movements, a SIP encourages a disciplined and systematic approach to investing.

How does a SIP work?

When an investor starts a SIP, they provide a standing instruction to their bank to invest a fixed amount int...