The long-term financial goal can be linked to a Systematic Investment Plan

You are investing fixed small amount on regular basis, you are more likely to stick with the plan.

The long-term financial goal can be linked to a Systematic Investment Plan

Systematic Investment Plan or SIPs can help you achieve your long-term financial goals. It’s an easier way of investing your money, you can start with small amount as you don’t have to necessarily invest large amount of money and over a period of time your investments accumulate and keep growing. As, you are investing fixed small amount on regular basis, you are more likely to stick with the plan.

Investing for long term ensures that the short term market volatility does not affect your investment. Instead, when the market falls you are able to get more units at a lower price thereby reducing the average cost per share.