People who wish to create wealth and have long term goals like buying a house, building funds for retirement or children’s education etc. When you cannot invest a huge amount at one go, it makes a lot of sense to build a corpus over a period of time. Although SIP is recommended for long term but you enjoy complete liquidity of your funds as normally there is no lock in period.

As you are investing out of your monthly earnings, it is important to re- evaluate your goals periodically and increase the SIP amount as per your earnings go up or when there is a change in your stated goal amount.