DIFFERENCE BETWEEN LUMP SUM AND SIP IN MUTUAL FUNDS.

LUMP-SUM

In Lump-sum, you would deposit a huge amount of money into mutual funds and wait for it to give profit. You can also convert lump sum to SIP, you have to register in the existing mutual fund folio.

SIP

SIP stands for (systematic investment plan)

SIP is a never ending recurring deposit, where you deposit some amount every month. You can stop your SIP any time, when you stop a SIP the deposited amount gets converted into Lump sum. when you withdraw your amount you will get the principal along with interest

Hope it will help!