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Session Initiation ProtocolAbout this Tutorial SIP is a signalling protocol designed to create, modify, and terminate a multimedia session over the Internet Protocol. It is an application layer protocol
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SIP stands for Systematic Investment Plan, which is a method of investing a fixed sum regularly in mutual fund schemes.
Individuals who wish to invest in mutual fund schemes through a systematic investment plan (SIP) are required to file for it.
To fill out a SIP, an individual needs to choose a mutual fund scheme, specify the amount to be invested regularly, and authorize automatic deductions from their bank account.
The purpose of a SIP is to enable individuals to invest regularly in mutual fund schemes, benefit from rupee cost averaging, and potentially build wealth over time.
Information such as the chosen mutual fund scheme, the amount to be invested regularly, bank account details for automatic deductions, and personal details of the investor must be reported on a SIP form.
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