What is a SIP & DCA ?

What is SIP?

A systematic investment plan (SIP) is a plan where investors make regular, equal payments into a mutual fund, trading account, or retirement account. SIPs allow investors to save regularly with a smaller amount of money while benefiting from the long-term advantages of dollar-cost averaging (DCA). By using a DCA strategy, an investor buys an investment using periodic equal transfers of funds to build wealth or a portfolio over time slowly.

KEY TAKEAWAYS

  • A systematic investment plan involves investing a consistent sum of money regularly, and usually into the same security.
  • A SIP generally pulls automatic withdrawals from the funding account and may require extended commitments from the investor.
  • SIPs operate on the principle of dollar-cost averaging.
  • Most brokerages and mutual fund companies offer SIPs.
  • Onyx Trade Give us a opportunity to invest in SIP Plan for a very short time only 105 working days.Company provide us very unique software to manage self investment and customers investment.

What is DCA?

Dollar-cost average is an investment strategy where an individual invests a fixed amount at regular intervals into the same stocks, mutual funds, or ETFs (exchange-traded funds). No matter what the financial markets are doing, the dollar amount never varies.

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