How much you can invest often depends on your income, where you are in your personal life, and how your monthly expenses change. To keep up with inflation and reach your goals on time, it’s important that your investments grow as well.
A Systematic Investment Plan (SIP) is a great way to invest in mutual funds. With the help of SIPs, you can regularly invest a small amount that suits your budget, whether it’s weekly, monthly, or quarterly. To make your investment even more effective, you can use an automated feature that increases your contributions at set intervals.
You can do this by using Step-Up SIP.
Step-Up Systematic Investment Plan (SIP): A Step-Up SIP automatically increases the amount you invest in your mutual fund by a set percentage. Begin a Step-up SIP early in your career for a long-term investment horizon.
