10. Is SIP superior to RD (Recurring Deposit)?

This is a popular query. Let’s compare:

Recurring Deposit is a type of investment usually considered on the very lower risk band. It typically yields 5% to 7% investment returns but it is usually not inflation beatable investment,

SIP: Market-linked, returns may be fluctuating in short term but historically 10–12%+ in long term.

If you wish to build wealth, SIP wins.