SIP is a popular investment strategy, especially for people who do not have large sums of money available upfront but wish to build wealth over the long term.
Lumpsum refers to a one-time investment made upfront, allowing investors to benefit from potential market growth over a period.
Fixed Deposit (FD) is a financial investment where a sum of money is deposited for a fixed term, earning a guaranteed interest.
Recurring Deposit (RD) allows investors to make regular monthly deposits and earn interest, offering a disciplined savings approach over time.
EMI is a fixed monthly installment paid towards loan repayment, including principal and interest amounts.