SIP is similar to a Recurring Deposit. You can put small amounts in SIP (Systematic Investment Plan) every month. On a specified date the amount will get invested in mutual fund schemes or shares of your choice. Investment through SIP is a unique way of accumulating shares without waiting for market timings.
A SIP is a disciplined approach towards savings and investments. This helps you inculcate the habit of saving and building wealth for the future.
If you want to learn more check out these resources:
Discover How You Can Be Debt Free
Join the 21,000 other members who've already taken the first steps towards student loan freedom. Sign up and get my five free tactics to lower your student loan debt.