Multiple choice

A plan for investing a defined sum every month in a mutual fund is known as

  1. Recurring Deposit

  2. Cumulative Investment Plan

  3. Systematic Investment Plan

  4. Maturity Investment Plan

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A Systematic Investment Plan (SIP) allows an investor to invest a fixed amount of money at regular intervals in a mutual fund scheme. It is a disciplined way to invest.