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Right SIP for you: Nowadays, many people are investing in mutual funds through SIP (Systematic Investment Plan). This is because with SIP, you can start investing by depositing a small amount every month, and it also gives good returns from other schemes. In the long run, you can accumulate a lot of money with this. But do you know that there are many types of SIP? If you understand which SIP is right for you, then you will never suffer a loss. Many people invest without knowing this; don't make this mistake. Know the Types of SIP in the slides below.

If you feel that you are not able to save money, then this SIP is for you. In this, you deposit a fixed amount every month on a fixed date. With this, you can gradually create a good fund. You can create a regular SIP with just Rs 500.

This SIP is good for those people whose income is not fixed, like freelancers, self-employed or small businessmen. If you earn more, you can deposit more money, if less, you can deposit less. In this, you can change the amount of your SIP according to your income.

This SIP is best for those who are employed, whose salary increases every year or those businessmen, whose profits increase every year, can choose it. In this, you can increase your SIP amount from time to time (eg 10% every year). This accumulates a huge fund in the long run and it also beats inflation. It is very beneficial for goals like buying a house, children's education or retirement.

If you want to give insurance protection to your family along with depositing money, then you can choose this option. In this, you get the benefit of both investment and insurance. You do not have to pay separate insurance premium. If the investor dies during the SIP, then the nominee gets the insurance amount.

This is for those investors who understand the ups and downs of the stock market and can take a little risk. In this, you decide in advance whether your money should be invested or withdrawn if a specific event occurs in the market (such as the index reaching a certain level). This is a kind of alarm, which warns you to invest or withdraw money at the right time. There can be many types of triggers, such as index level trigger, fixed date trigger, return base trigger, profit booking trigger etc.