What is a Systematic Investment Plan (SIP)?

---

A Systematic Investment Plan (SIP) is a facility offered by mutual funds to facilitate systematic and disciplined investing. It allows individuals to invest a fixed amount of money in a mutual fund scheme monthly. This mode of investment proves to be beneficial in the long-term as a result of averaged costs and the power of compounding. 

Read More : How to Invest In SIP/One-time

When investing through FundsGenie, mutual fund units can be held in physical or demat form. While most transactions are available in both modes, a few differences can impact how you manage your investments. 

Transactions Available in Both Modes
The following actions can be done in physical and demat holdings:

• Buy – Invest in new schemes
• Sell – Redeem existing units
• Switch – Move between schemes within the same fund

Platforms: FG Mobile, FG Web, FG MF Terminal

• SWP - Systematic Withdrawal Plan 

Platforms : FG MF Terminal only (contact branch)

Transaction available only in Physical Mode

•  STP - Systematic Transfer Plan

Platforms : FG Mobile, FG Web, FG MF Terminal