What does 'SIP Day' refer to in the context of investment? Option: The day when a financial advisor recommends a new investment strategy, The day of the month when an individual makes a fixed investment in a scheme, The day when an individual withdraws money from a mutual fund, The day when a mutual fund declares its annual returns

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What does 'SIP Day' refer to in the context of investment?

The day when a financial advisor recommends a new investment strategy

The day of the month when an individual makes a fixed investment in a scheme

The day when an individual withdraws money from a mutual fund

The day when a mutual fund declares its annual returns

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What does SIP stand for in the context of mutual fund investments?

Structured Investment Program

Simple Investment Portfolio

Standard Investment Procedure

Systematic Investment Plan

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What does SIP stand for in the context of mutual funds?

Systematic Income Plan

Standard Investment Portfolio

Secure Investment Protocol

Systematic Investment Plan

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What does SIP stand for in the context of investment?

"Secured Investment Protocol"

"Simple Investment Procedure"

"Standard Investment Portfolio"

"Systematic Investment Plan"

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What does SIP stand for in the context of online investment?

"Systematic Investment Plan"

"Secure Investment Portfolio"

"Simple Investment Platform"

"Standard Investment Procedure"

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What is a Systematic Investment Plan (SIP)?

"A way to invest in real estate through fixed monthly payments."

"A strategy for investing in bonds with a fixed interest rate."

"A method of investing a lump sum in mutual funds."

"A method of investing in mutual funds where a fixed amount is invested at regular intervals."