L232 | Session 32: SIP Basics

SIP stands for

• Systematic Insurance Policy

• Systematic Income Plan

• Systematic Investment Policy

• None of the above

SIP must be done in ________________ intervals.

• Irregular

• regular

SIP has its own benefits such as

• Low cost

• disciplined investment

• cost averaging

• all of the above

SIP can be

• Weekly

• Monthly

• Quarterly

• All of the above

SIPs have lock in periods and thus need long term commitment.

• True

• False