A SIP allows you to invest a fixed amount at regular interest or lump sum in a mutual fund scheme, which helping you build wealth over time through disciplined manner of investing.

SIP spreads your investment across time, reducing the risk of market volatility, while lump sum involves investing a large chunk of amount at once, exposing you to market conditions at a single point.

Yes, many mutual fund platforms allow you to pause or modify your SIP amount and tenure, depending on your financial needs.

Missing one or two payments generally doesn’t stop your SIP, but continued non-payment may result in the automatic termination of the SIP scheme upon such termination, total SIP maturity gets credited to your bank account

SIPs are typically better suited for long-term goals as they allow you to benefit from the power of compounding and rupee cost averaging over time.

You can start a SIP with as little as ₹500 per month, depending on the mutual fund scheme.

Yes, you can redeem your SIP investments anytime, but be mindful of the exit load and tax implications depending on the type of fund and holding period.

The taxation depends on the holding period. Gains may be subject to short-term or long-term capital gains tax 20% tax on Short Term Gain and 12.5% tax on Long Term Gain

No, SIPs do not guarantee returns as they invest in market-linked instruments. The value of your investments can go up or down based on market performance.

SIPs promote disciplined investing and allow your money to compound over time, making them a great tool for long-term goals like retirement, buying a house, or children's education.