SIP or Systematic Investment Plan is one of the most searched term on google. Many investors, including those who have already made SIP investments in mutual funds, are often confused about SIPs. So, here’s a quick guide to SIPs and how you can use them to create wealth over a long period to achieve your long-term financial goals. 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. Why should you SIP? One, it imparts financial discipline to your life. Two, it helps you to invest regularly without wrestling with market mood, index level, etc. For example, if you are supposed to put a fixed amount every month in a mutual fund scheme, you need to find time to do it. When you have the time, you might be worried about market conditions and think of postponing your investments. Or you might be thinking of investing more if the mood is optimistic. SIP puts an end to...