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What is the full form of "SIP"?

A. Systematic Index Position

B. Systematic Interest Plan

C. Stock Investment Profit

D. Systematic Investment Plan

Answer: Option D

Solution(By Examveda Team)

A systematic investment plan (SIP) is a plan in which investors make regular, equal payments into a mutual fund, trading account, or retirement account such as a 401(k). SIPs allow investors to save regularly with a smaller amount of money while benefiting from the long-term advantages of dollar-cost averaging (DCA).

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