Units of a mutual fund can be purchased by investing a pre-determined amount…
2019
Units of a mutual fund can be purchased by investing a pre-determined amount periodically. This facility is called:
Answer: B. Systematic Investment Plan — Correct answer: Systematic Investment Plan (SIP) — व्यवस्थित निवेश योजना Definition: A Systematic Investment Plan (SIP) allows an investor to invest a fixed…
- A.
Systematic Withdrawal Plan
- B.
Systematic Investment Plan
- C.
Systematic Dividend Plan
- D.
Dividend Reinvestment Plan
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Correct answer: B
Correct answer: Systematic Investment Plan (SIP) — व्यवस्थित निवेश योजना Definition: A Systematic Investment Plan (SIP) allows an investor to invest a fixed amount regularly (for example, monthly or quarterly) into a mutual fund scheme. Promotes financial discipline by enforcing regular investing.