Manish Aggarwal (Financial & Legal Consultant)

on 18 May 2022   | By Chanchal Aggarwal |   SIP SIP vs RD: Which Is a Better? Setting aside a part of your monthly income can be an interesting way to invest money when you know the scheme will safeguard your investment and build wealth to achieve your financial goals. So, if you are looking for a similar investment option, Systematic Investment Plan (SIP) and Recurring Deposit (RD) are the two most popular options that let you invest a fixed amount every month for long-term wealth creation.   An SIP is a provision to make an investment in mutual funds by setting aside a small amount of money monthly or quarterly rather than investing in a lump sum. On the other hand, an RD is an investment tool wherein you can deposit a fixed amount each month for a fixed interest rate and predefined duration. This article elucidates everything about these two investment options so that you can make an informed investment decision.   What is an SIP?   A Systematic Investment Pl...