SIPs, stocks & smart apps: 9 ways young India is changing the way it builds wealth

Systematic Investment Plans, or SIPs, are seeing a sharp rise in popularity, especially among first-time investors. Many people like SIPs because they can start with small monthly amounts that fit easily into their budget. Rupee-cost averaging, where you buy more units when prices are low and fewer when prices are high, helps reduce the impact of market ups and downs. Together, these features make SIPs a preferred way to invest regularly and build wealth over the long term.