Principle objective of this article is to define Systematic Investment Plans and Taxation. One of several safest ways of making an investment mutual funds is by means of systematic investment plans. Before investing in these plans it is very important decide on which scheme you want to invest in and how much cash you have to invest along with the time frame for which you’ll invest. Once you are obvious on these points you possibly can approach a mutual fund distributor or maybe a fund house so as to submit your relevant documents. Mutual funds provide people with a great way to generate non-taxable income that they either re-invest or use to order other assets.