How Does SIP Help in Rupee Cost Averaging?
Fincart Financial Planners
Make a meaningful impact on the lives of Indians across the globe with sound & profitable investments.
“The secret to getting ahead is getting started. The secret to getting started is breaking your complex, overwhelming tasks into small manageable tasks, and then starting on the first one.”
Investing is often seen as a complex task, especially when markets fluctuate.
But with a Systematic Investment Plan (SIP), you can break this task into manageable pieces, allowing you to invest regularly without worrying about market timing.
One of the greatest advantages of SIP is rupee cost averaging, a simple yet powerful strategy that helps you buy mutual fund units at an average cost over time, regardless of market conditions.
In this article, let’s explore how SIP and rupee cost averaging can work together to build wealth.