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PREVIOUS:One of the many advantages of investing through SIP is rupee cost averaging, which enables investors to purchase more units at low prices and fewer units at high prices. Long-term returns may be increased by using this technique, which also helps lessen the effect of market volatility on investments. SIP also helps investors take advantage of the power of compounding and instills financial discipline by promoting regular investments.NEXT:Groww App users can invest in mutual funds on a regular basis with a fixed amount using the popular SIP method. It operates by automating the process of investing, which entails taking a set amount and investing it in particular mutual funds at regular intervals by taking it out of the user's bank account. With this strategy, investors can take advantage of compounding returns and rupee cost averaging over time.
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