Common Mistakes To Avoid When Investing In Monthly SIP Plans

Investing in Monthly SIP Plans (Systematic Investment Plan) is a popular method for building wealth over time. It allows investors to regularly invest a fixed amount in mutual funds, typically on a monthly basis. While SIPs offer a convenient and disciplined approach to investing, there are some common mistakes that you, as an investor, should avoid to maximise your returns and achieve your financial goals.

This article covers some common mistakes you can avoid when deciding to invest in monthly SIP plans, or even alternatives such as monthly chit fund schemes.