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    Question

    A Mutual Fund’s SIP is essentially a staggered payment

    over a defined period of time with a defined contribution by the investors. What is the expansion of the term SIP?
    A Social Investment Plan Correct Answer Incorrect Answer
    B Systematic Investment Plan Correct Answer Incorrect Answer
    C Strategic Investment Plan Correct Answer Incorrect Answer
    D Scientific Investment Plan Correct Answer Incorrect Answer
    E Other than those given as options Correct Answer Incorrect Answer

    Solution

    A Systematic Investment Plan (SIP) is an investment vehicle offered by mutual funds to investors, allowing them to invest small amounts periodically instead of lump sums. The frequency of investment is usually weekly, monthly or quarterly.

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