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Investing is one of the best ways to grow wealth over time, and mutual funds are among the most popular investment options. However, there is often confusion between Systematic Investment Plans (SIPs) and mutual funds. Are they the same? What sets them apart? In this guide, we’ll explore the differences between SIPs and mutual funds and help you understand which approach might be best for you.  image source               chat gpt What Are Mutual Funds? A mutual fund is a type of investment vehicle that pools money from multiple investors to purchase a diversified portfolio of stocks, bonds, or other assets. Mutual funds are managed by professional fund managers who allocate the investments based on the fund’s objectives. Types of Mutual Funds Equity Mutual Funds – These invest primarily in stocks and have the potential for high returns but come with higher risk. Debt Mutual Funds – These invest in bonds and fixed-income securities,...