The interest rate for mutual funds invested in a systematic investment plan (SIP) is not fixed and can vary depending on the type of mutual fund and the current market conditions. SIP is a type of investment plan where investors make regular contributions to a mutual fund, instead of making a lump sum investment.
The returns on mutual funds invested in a SIP are influenced by the performance of the underlying securities, the expense ratio of the fund, and the interest rate environment. Therefore, it is difficult to determine a specific interest rate for mutual funds invested in a SIP.
It’s important to note that mutual fund returns are not guaranteed and can fluctuate based on market conditions. It’s advisable to consult a financial advisor or do thorough research before investing in a mutual fund through a SIP.
