New Delhi, Nov. 19 -- Investing in mutual funds is considered an effective way to achieve financial goals. Systematic Invesment Plans (SIPs) are considered to be the most optimum way of getting exposure to mutual funds.

By investing a small amount of money into mutual funds of your choice every month, you can add value to your portfolio.

There are several advantages of opting for SIPs instead of a lump sum investment. These include rupee cost averaging and the convenience and ease of investing.

1. Ease and convenience: It is convenient to invest in SIP instead of a lump sum investment. Investing Rs.1,000 a month is far easier than coughing up Rs.12,000 in one go. The auto-debit option frees you from the burden of remembering to make re...