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Tenure and amount flexibility: One can add or reduce investment, withdraw at any time without any penalty. No minimum lock-in period exists for most SIPs; however, it is suggested that the higher the tenure, the more returns would be there.

Discipline and Automation: Since SIPs are automated, they enforce financial discipline by saving and investing money every month without fail. This is free of emotional or impulsive investment decisions and leads to a habit of consistent building of wealth.



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