A systematic investment plan (SIP) is a mutual fund investment tool that allows investors to invest at regular intervals. Investors can select their preferred investment frequency - weekly, monthly, quarterly, half-yearly, or yearly. SIP offers a disciplined way of investment and benefits investors in the long run with the power of compounding growth. It gives the benefit of Rupee Cost Averaging by providing the chance to buy more NAV (Net Asset Value) with the same investment amount in a bear market.