Understanding Key SIP Terms | Beginner’s Guide to Systematic Investment Plans
In this video, we break down essential terms related to Systematic Investment Plans (SIPs) to help both new and seasoned investors navigate the world of mutual funds. Whether you're looking to maximize tax savings, manage your investments, or better understand how mutual funds work, these terms will provide valuable insights:
RTI (Right to Information): Learn how to request information from financial institutions and Asset Management Companies (AMCs).
ROC (Registrar of Companies): Understand the role of ROC in company compliance and transparency.
URC (Unit Redemption Charge): Know the fees for early mutual fund withdrawals.
ELSS (Equity Linked Savings Scheme): A tax-saving mutual fund with a three-year lock-in period.
SWP (Systematic Withdrawal Plan): Withdraw funds regularly for a steady income.
STP (Systematic Transfer Plan): Transfer funds between mutual funds to meet financial goals.
KYC (Know Your Customer): The importance of identity verification before investing.
AMC (Asset Management Company): Discover how AMCs manage your mutual fund investments.
NAV (Net Asset Value): Learn about the per-unit value of a mutual fund.
SIP (Systematic Investment Plan): Regularly invest in mutual funds for disciplined investing and long-term growth.
Watch now to enhance your understanding of SIPs and take control of your financial future!

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