Why waiting costs you
Most people plan to start investing once their salary goes up or a loan is paid off. Then something else comes along and the plan moves back another year.
Those years matter. Money invested at 30 has ten more years to grow than money invested at 40, even if the amount is the same.
What a SIP does
A SIP moves a fixed amount into a mutual fund every month. When the market is down, that amount buys more units. When it's up, it buys fewer.
You also don't have to remember to do it. The money leaves your account before you can spend it.
Pick an amount you can keep up
Choose something you won't miss, and raise it when your income goes up. A small SIP that runs for fifteen years will usually do more for you than a big one you stop after six months.
Mutual fund returns aren't guaranteed, and there will be bad years. Try not to stop your SIP during them.
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This is general information. It isn't personal advice. Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Insurance is the subject matter of solicitation. Past performance does not guarantee future results.