<ul data-eligibleForWebStory="false">Systematic Investment Plan (SIP) involves investing fixed amounts at regular intervals in mutual funds.SIP promotes disciplined investing, rupee cost averaging, flexibility, convenience, and long-term growth potential.Investors can choose different types of SIPs based on goals, income patterns, and preferences.Steps to start SIP include assessing goals, selecting funds, completing KYC, registration, and monitoring.SIP calculators help estimate future values, but market risks and goal alignment are crucial.