Mutual fund SIPs are one of the best ways to create long term wealth. The benefits of an SIP are many. It encourages disciplined savings. SIPs also work on the principle of rupee cost averaging and help one to avoid trying to time the market. SIPs can thus used to meet one’s long-term goals. However, an SIP is not magic investment that works in every scenario. We tell you three situations where investing in an SIP is not a right option.