Posted on: 24 Dec, 2023
A SIP is an investment scheme through which investors make equal payments into a mutual fund at fixed intervals (usually, every month) over a certain period. Normally, in Bangladesh, the minimum payment or installment size is BDT 5,000 for individuals and BDT 10,000 for institutions.
One could withdraw investments through SIP anytime or liquidate on the maturity of their SIP tenure. The SIP is especially suitable for salaried people or people with recurring income due to its long-term continual small installment nature.
To see whether SIP or Lump Sum (one-time investment) is right for you, you may see this post.
To learn more about mutual funds, you may read our guide on mutual fund investing.
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