5 Must Know Things About Top Up SIPs

Here, will discuss the five things that you need to remember before going for a mutual fund top up SIP

Edited highlights
0:23 Here, will discuss the five things that you need to remember before going for a mutual fund top up SIP

0:52 In top up mutual funds, regular investment amount increases periodically

1:04 You need to specify that you are opting for top up SIP at the time of enrolment

1:09 In a regular SIP, you will not be able to make a change to Top Up SIPs

1:17 So, if you are confident that you will be able to increase your regular investment amount with increase in income, opt for a Top Up SIP

1:28 You can then start small and periodically increase the regular investment amount

1:39 The frequency of the top up can be half-yearly or annually. This you can find out from the fund or the fund house of your choice

2:19 Top up SIPs happen through ECS or the auto debit route

2:29 Top up SIPs can be started with as small an amount as Rs 500 and thereafter, in multiples of Rs 500

2:46 The remaining aspects of top SIPs are same as regular SIPs