What is Mutual Fund ?
Investment vehicle that is made up of a pool of funds collected from many investors for the purpose of investing in Securities, Govt. Bonds, Company Bonds, money market instruments.
What is SIP (Systematic Investment Plan) ?
SIP allow you to invest a certain pre-determined amount at regular interval. In simple word, are you aware about monthly Recurring Deposits (RDs) provide by Banks & Post Office. SIP works same as you Recurring Deposit. In SIP your funds deducted from your bank account (ECS) as per your specify date.