What are 7 types of SIP?

The seven common types of Systematic Investment Plans (SIP) are: Regular SIP, Top-up SIP (also known as Step-up SIP), Flexible SIP, Trigger SIP, Perpetual SIP, Multi SIP, and SIP with Insurance. These options allow investors to choose a structured investment approach that aligns with their financial goals and income stability. For instance, Flexible SIPs are suitable for those with irregular incomes, as they allow adjustments to the investment amount.