SIP is an abbreviation used for _____.

Systematic Induction Plan

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Systematic Investment Plan

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Schematic Investment Plan

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Sporadic Investment Plan

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Solution

The correct option is B Systematic Investment Plan
SIP is the abbreviation used for Systematic Investment Plan.

When a person does not want to invest a large amount at once, they invest a small amount in regular intervals. This investment could be monthly or quarterly. This method of investment is called SIP.

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Similar questions

In a Systematic Investment Plan, investments are done only on yearly basis.

___ is another name used for a long-term investment decision.

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