A top up SIP (systematic investment plan) helps increase your SIP investment in a mutual fund SIP. But when should you start such an SIP? A brief guide.
Increase in income With an increase in income, your regular investments should increase too. That’s where Top Up SIPs, which increase the regular investment amounts of systematic investment plan (SIPs), help. They ensure that your investment discipline is maintained and a fixed proportion of your income keeps getting invested.
Change in your financial needs You can take a Top Up SIP early on in your work life. Or, you could do it after important life milestones such as marriage and birth of children.
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