5 Types of SIPs in India You Should Know

Published : 16 August 2023 By : Sachin Gupta

1. Regular SIP

[{"selector":"#anim-62fa46b0-87ac-4d25-8ee8-c4ce810ace37","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-53a12e21-7c86-42be-a856-cda8527e6531","keyframes":{"transform":["translate3d(0px, 125.92592%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-50f12ce5-80a3-488d-8333-def2e4cb9366","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-98864e69-3bbf-4cb3-a751-593275a025d1","keyframes":{"transform":["translate3d(0px, 844.07390%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b71df3ea-6337-400b-bea0-cc3695a0bd30","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c6db4747-ac61-47d1-ada6-da222c88a702","keyframes":{"transform":["translate3d(0px, 267.97380%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] This is the plain vanilla SIP that most investors prefer. You invest a fixed amount on a fixed date, every month.

2. Step up SIP

[{"selector":"#anim-53f34a52-105b-4dc6-a64f-07262ec75e79","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-86105157-544b-4201-b159-aae837e30ff1","keyframes":{"transform":["translate3d(0px, 125.92592%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a228ea87-2bf9-45a7-85ca-5d5659edc9ab","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-14ee357b-032c-40fb-ad45-4eea8b27dd66","keyframes":{"transform":["translate3d(0px, 844.07390%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-35a5a956-bf20-4158-8f16-03b0353fd933","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9600c48e-1a20-495d-b713-11af74b8144b","keyframes":{"transform":["translate3d(0px, 202.46912%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] In this SIP, you increase your monthly SIP amount by a certain percentage such as 5% or 10% every year. This is also called top-up SIP.

3. Flexible SIP

[{"selector":"#anim-39085bd7-7554-4236-a995-ad7de4e0a6a8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e19cc302-efe0-4d9a-9f87-c32da17d9e3b","keyframes":{"transform":["translate3d(0px, 125.92592%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9274f7fe-8bbb-4399-af73-e10df9d8f741","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a810f9b7-e40a-40fa-ba71-08896c4c8581","keyframes":{"transform":["translate3d(0px, 844.07390%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f79bb81f-fa02-47fb-b039-ea12098a5034","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-051de05d-155d-43c7-b683-d9a046ae5b60","keyframes":{"transform":["translate3d(0px, 202.46912%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] You can change the SIP amount as per your preferences and changing market conditions. This is also known as Flexi SIP.

4. Perpetual SIP

[{"selector":"#anim-e87e2417-01c4-449e-b65b-01e9f3ff59e1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-95ce609d-9e5f-475d-a46a-33b4baff7dd8","keyframes":{"transform":["translate3d(0px, 125.92592%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-abef324f-eb1a-4fdd-9cf7-5ab84a0247a4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e8eede95-b688-4006-bf11-e97bab5f220e","keyframes":{"transform":["translate3d(0px, 844.07390%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-356a1311-9953-4c9c-b360-adfc5b0d8131","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2b9c007e-7d63-4192-9b97-d473ba99bd7c","keyframes":{"transform":["translate3d(0px, 161.25862%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] While investing in SIPs, if you miss filling out the closing date, it becomes a perpetual SIP. You can also refer to it as an ‘invest till cancel’ SIP.

5. Multi SIP

[{"selector":"#anim-f800e295-8f79-49eb-8183-503021e46c66","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-876eebb1-dc77-4cc7-87de-156b181d6a84","keyframes":{"transform":["translate3d(0px, 125.92592%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8acd254a-c6b1-4090-90bf-a7a78cbf444c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bcbeebd4-9ad0-4596-be61-4fd8258108c7","keyframes":{"transform":["translate3d(0px, 844.07390%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b23ea927-fc66-4b76-b5c6-c018a4ee6d27","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b79748f7-fbdf-42fc-abf4-73cd28a497c5","keyframes":{"transform":["translate3d(0px, 202.46912%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] You can invest in different mutual funds of a single AMC via this SIP. It helps in diversifying your investment portfolio.

Swipe up

[{"selector":"#anim-d2669282-d2f7-4b0c-819f-36a3581452bb","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4a4be40b-2b73-4f69-998e-d2d36c31978a","keyframes":{"transform":["translate3d(0px, 403.05570%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-53258f96-e3eb-40e4-8af4-75498359f3f2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Check out more 5paisa webstories More Webstories