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