SIP in stocks is better than buying stocks because it is a more disciplined investment method. It is a strategy where investors regularly invest a fixed amount of money at predetermined intervals, such as weekly, monthly, or quarterly, into specific stocks or a diversified portfolio.
Some key reasons to consider a Stock SIP:
Provide The average cost of rupees at regular intervals, potentially reducing the impact of market volatility.
Discipline and regularity to avoid short-term market fluctuations.
It allows you to invest small amounts.
Unlike mutual funds, Stock SIPs allow you to target specific companies for the long term.
Things you get in 5Paisa’s Stock SIP feature –
1- Create a SIP based on the quantity of any stock of your choice.
2- Select the interval - daily, monthly, or weekly
3- Modify the SIP as per needs.
4- Cancel or limit your period.