🔁 Chapter 4: SIP

🎯 In this chapter

How SIPs work, running one, and measuring returns.

Units in this chapter

1. What a SIP Is - Learn how a SIP buys units at each installment's NAV, how it compares to a lumpsum, and what STP and SWP are.
2. Rupee Cost Averaging, Truth and Myths - A worked example of rupee cost averaging through SIPs, and when it genuinely helps versus when it does not.
3. Running a SIP in Practice - Learn how e-mandate and UPI AutoPay work, how to step up, pause or stop a SIP, and what cut-off times mean.
4. Measuring Returns - Understand absolute return, CAGR and XIRR, and why different apps can show different return numbers for the same investment.

📖 How to read

Go in order. Every new term is explained the first time it appears, and each unit ends with a keywords table.