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 and wealth creation over a period of time.
Fixed Deposit (FD) is a financial investment where money is deposited for a fixed term, earning a guaranteed interest rate and ensuring safe returns.
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 payment towards loan repayment, combining principal and interest, making it easier to manage finances over a specific tenure.
SWP (Systematic Withdrawal Plan) allows regular withdrawals from investments while keeping the remaining amount invested for potential growth.