What is Systematic about Systematic Investment Plan (SIP) and who invented it ?
Even if we invest in real estate, or recurring deposit, we do it systematically; Why is only SIP considered systematic ?
I am asking "who invented it" because (A) if it is a copyrighted term (or a trademark) owned by a company, which has later come into general use, then "systematic" need not mean anything ; whereas (B) if the financial industry bodies came up with that term, then either (B1) it has valid meaning in financial jargon or (B2) it was intended to be an "attractive" word.
EG for case (A) : WiFi does not mean anything, it is simply a copyrighted word or trademark.
EG for case (B2) : I have seen advertisements targeting Naive people with money, to invest in SIP, which is, after all, "systematic", and investor has to simply follow "step 1, step 2, step 3, step 4" to make money; I wonder if "systematic" was used to associate with "steps".
It says here ( http://www.businesstoday.in/buzztop/buzztop-personal-finance/dont-miss-out-on-the-sip-wave-here-are-5-top-performing-funds-you-can-start-systematic-investment-plans-in/story/252539.html ) that :
"Systematic Investment Plans (SIPs) is just a disciplined way of investing in mutual funds . . . . Cashing in on the SIP wave, here are the top 5 mutual funds from the large cap and mid cap category according to Value Research that assure high returns", with my emphasis on disciplined and assure.
Only case (B1) is left out, and I am asking this question here, for financial experts to share the real meaning of SIP or "Systematic", in financial jargon.