Benefits of SIP Investment :-

1. Affordability:
   • SIPs are suitable for individuals with limited disposable income. You can start with as little as 2000 or 5000 per month, making them accessible to beginners.
2. Disciplined Savings:
   • SIPs instill a habit of regular savings. By committing to periodic investments, you ensure that a portion of your income is consistently allocated toward wealth creation.
3. Market Volatility Neutralizer:
   • SIPs mitigate the risks associated with market fluctuations. Over time, rupee cost averaging smoothens the impact of market volatility on your investments.
4. Flexibility:
   • SIPs allow you to increase, decrease, or pause your investments based on your financial situation. Many mutual funds also enable investors to switch between schemes without hassle.
5. Tax Benefits:
   • Equity-linked SIPs, such as those in Equity-Linked Savings Schemes (ELSS), provide tax deductions under Section 80C of the Income Tax Act in India, up to a limit of ₶1.5 lakh per annum.
6. Wealth Creation:
   • By investing consistently over a long period, SIPs have the potential to create significant wealth. They are ideal for achieving financial goals like buying a house, funding education, or planning retirement.
7. No Need for Market Timing:
   • With SIPs, you don’t need to worry about identifying the “right time” to invest. Regular investments ensure you participate in all market cycles.