Gyaan guroovaar

Augment SIP quantum as income appreciates

Incremental SIP, commonly referred to as SIP top-up, allows investors to increase their installments by a fixed amount at pre-determined intervals and, thus, leverage rising income.

Benefits of SIP top-up:

• Investors with initial low savings can use SIP top-up to gradually increase investment to achieve goals
• It works on auto-pilot to increase savings in sync with income
• Can grow effectively over long run due to the power of compounding
• It helps avoid paperwork associated with increasing SIP contribution during the tenure
• It reduces the effort for creating and tracking multiple SIPs in the same scheme

Note: Past performance may or may not be sustained in future and is not a guarantee of any future returns

Disclaimer

Views provided above are based on information available in public domain at this moment and subject to changes. Please consult your financial advisor for any investment decision.

Document intended for distribution in Indian jurisdiction only and not for outside India or to NRIs. HSBC MF will not be liable for any breach if accessed by anyone outside India. For more details, refer website.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.