Mutual funds an amazing concept and amazing journey it changes the people process of wealth creation and changing habbits of savings into now regular investing and it allows people to invest more in discipline way , creating them tremendous wealth in long term and the compounding factors play in mutual funds in long term

There are different types of sip in mutual funds such as flexible sip which gives investors the investors a opportunity to alter their investment amount it is also known as flexi sip

If no tenure is specified then the sip becomes a perpetual sip in other words sip will continue till investors further instructions, trigger sip , under this type of sip , investors can set their sip start date, or redeem date or switch date, once the selected event occurs , for example a favarable market event, or an index level, or nav of the fund

Multisip it allows investors to invest in multiple funds of a fund house, through one sip