In this video, we answer viewer question on how to increase investment amount in SIPs
Edited Highlights
0:11 In this video, we take up a question by our viewer Devendra Kumbhkar, who wants to know how to increase the investment amount of an existing SIP
1:06 If you have an ongoing systematic investment plan (SIP), there is no provision or facility to increase the investment amount
1:16 Unless it is a different kind of systematic investment plan (SIP) where there is a provision for topping up your investment
1:35 If you think, your income is going to increase as well your savings, opt for a top up SIP
1:47 For an existing SIP, you will need to opt for a fresh SIP in case you want to increase your investment amount
2:01 You can invest in the same scheme if it is doing well and ensure that you don't have too many mutual fund schemes to manage
