How to do step up SIP I స్టెప్ అప్ SIP ఎలా చేయాలి I Mutual funds in Telugu

RA Disclaimer Link - https://groww.in/p/sebi-research-anal... How to do step up SIP I స్టెప్ అప్ SIP ఎలా చేయాలి I Mutual funds in Telugu

Now, if you are wondering how to increase your existing or ongoing SIPs in the same mutual fund scheme, then SIP top-up is a solution. Almost all fund houses offer this facility. Here you get to modify your SIP amount.

In today’s we are going to discuss SIP’s updated version, !.

When you start going to the gym, you will likely start with lower weights and gradually increase the weights as you grow stronger. Right? You can do the same thing with your investments as well, with the help of Step-Up SIPs.

SIP step-up is a facility where an investor, who already has an existing SIP in a mutual fund plan, has an option to increase the amount of SIP installment by a fixed amount or percentage.

Some fund houses or aggregators also provide the option to increase SIPs at regular intervals, like an increase of SIPs every year or every six months.

One of the benefits of step-up SIPs is that you can continue in the same mutual fund scheme, without having the hassle of monitoring multiple SIPs under the same plan.

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