What is Top-up SIP? Learn benefits of choosing this option in Mutual Funds
2 years ago

What is Top-up SIP? Learn benefits of choosing this option in Mutual Funds

Firstpost  

By using Top-up SIP, the investor can gain greater freedom to make larger investments over the course of the SIP For individuals with long-term goals, a Systematic Investment Plan in mutual funds is one of the most efficient ways to build capital. Experts will occasionally advise investors to expand their SIP contributions to the mutual funds they have already invested in when they have extra money to spare. On the other hand, customers who use top-up SIPs or SIP boosters can regulate their SIP contributions and raise them in line with their anticipated income growth. Benefits of opting for top-up SIP or SIP booster: By using SIP top-ups, one can begin investing more money at once and reach the desired target amount earlier than anticipated.

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History of this topic

SIP Emerges as a Safe Investment Amidst Market Fluctuations | Paisa Live
Trending News
1 month, 1 week ago

SIP Emerges as a Safe Investment Amidst Market Fluctuations | Paisa Live

ABP News  

Amid fluctuations in the stock market, investments in Systematic Investment Plans are witnessing a rapid surge. For the first time in October, the monthly mutual fund SIP investments crossed the ₹25,000 crore mark. According to reports, the total amount of SIPs in October reached ₹25,323 crore, marking a significant milestone in the Indian mutual fund industry. SIPs allow investors to …

Why You Should Adjust Your SIPs for Inflation and Growth?
6 months ago

Why You Should Adjust Your SIPs for Inflation and Growth?

News 18  

SIPs are a popular investment tool for building long-term wealth. While SIPs offer a path to long-term wealth building, a static approach can be detrimental in the face of two crucial forces: inflation and income growth. By strategically increasing your SIP contributions in line with inflation forecasts, you ensure your investment grows alongside the cost of living, preserving your purchasing …

How to become rich: Your ₹5000 monthly SIP can help you grow ₹5.22 crore. Mutual fund calculator explains
8 months, 1 week ago

How to become rich: Your ₹5000 monthly SIP can help you grow ₹5.22 crore. Mutual fund calculator explains

Live Mint  

How to become rich: To become a crorepati and attain wealth through Mutual Fund Systematic Investment Plans, one should start by setting clear financial goals and choosing SIPs aligned with your risk tolerance and investment horizon. How to become rich through Mutual Fund SIP investments Regarding the strategy to amass wealth and become rich through SIP investments, Pankaj Mathpal, MD …

Monthly SIP contributions hit fresh high of ₹19,186 crore in February
9 months, 2 weeks ago

Monthly SIP contributions hit fresh high of ₹19,186 crore in February

Hindustan Times  

Monthly systematic investment plan contributions have hit a fresh high of ₹19,186 crore, surpassing January's ₹18,838 crore, a data by Association of Mutual Funds in India stated. Mutual fund received an inflow of ₹ 1.2 lakh crore last month "As we delve into the Feb 2024 data, we observe that there is a surge in SIP accounts, totalling 8.20 crore …

Should mutual fund investors raise the amount of SIP along with increase in income? MintGenie explains
1 year, 2 months ago

Should mutual fund investors raise the amount of SIP along with increase in income? MintGenie explains

Live Mint  

Did you recently get an increase in your income? Why should you then raise your SIP now when you are all set to achieve your financial goals without having to do so? On the contrary, they should cap their expenses, and raise investment to achieve financial goals faster, says Sridharan S, a Sebi-registered investment advisor and founder of Wallet Wealth. …

World Financial Planning Day 2023: How are stock SIPs different from mutual fund SIPs and which one to buy?
1 year, 2 months ago

World Financial Planning Day 2023: How are stock SIPs different from mutual fund SIPs and which one to buy?

Live Mint  

Financial growth is not possible without financial planning. Name of the fund Type of fund Monthly SIP in Rs Investment Returns Invested amount in Rs Estimated returns in Rs Total value of returns in Rs Nippon India Large Cap Fund Large Cap 5,000 18.43 6,00,000 11,28,014 17,28,014 Mirae Asset Large Cap Fund Large Cap 5,000 18.34 6,00,000 11,18,111 17,18,111 Kotak …

Mutual funds: 5 different types of SIPs in India and their features
1 year, 4 months ago

Mutual funds: 5 different types of SIPs in India and their features

Live Mint  

Systematic Investment Plan has revolutionised the way Indians invest in mutual funds, offering a disciplined and convenient approach to wealth creation. In this form of SIP, investors contribute a fixed amount at regular intervals, such as monthly, quarterly, or annually. Unlike Regular SIP, where investors need to contribute a fixed amount, Flexible SIP allows investors to vary their contribution amounts …

What is SIP? All you need to know
1 year, 6 months ago

What is SIP? All you need to know

India Today  

In today's fast-paced world, where financial stability and wealth creation are paramount, SIP has gained considerable popularity. By investing smaller amounts at regular intervals, investors can harness the power of compounding and navigate market fluctuations more effectively. Unlike lump-sum investments, where a significant amount is invested at once, SIPs enable investors to invest smaller amounts at regular intervals, typically monthly. …

Mutual Fund Investing: How do step-up SIPs give a boost to your wealth? Here are 4 ways
1 year, 9 months ago

Mutual Fund Investing: How do step-up SIPs give a boost to your wealth? Here are 4 ways

Live Mint  

When we set aside a small amount of money for the future, we understand the power of SIP’s; and when we continue investing and stay invested for a long time, we see the magic of compounding. Have a look at the numbers in the illustration below to see the impact when you add SIP step up as a strategy: Scenario …

Mutual Fund SIP: Is There A Best Date To Start A SIP? Know What Experts Say
1 year, 9 months ago

Mutual Fund SIP: Is There A Best Date To Start A SIP? Know What Experts Say

News 18  

SIP stands for Systematic Investment Plan, is a way to invest money in mutual funds or stocks on a regular basis. Usually used in mutual funds investment, Under a SIP, investors can invest a fixed amount of money at regular intervals in a selected mutual fund. Experts believe the ideal approach is to stay invested instead of finding the right …

What is step-up SIP and how to do it? All you need to know
1 year, 9 months ago

What is step-up SIP and how to do it? All you need to know

Live Mint  

When we set aside a small amount of money for the future, we understand the power of SIP’s; and when we continue investing and stay invested for a long time, we see the magic of compounding. Have a look at the numbers in the illustration below to see the impact when you add SIP step up as a strategy: Scenario …

Mutual Funds: What is the best frequency for SIPs – Monthly, Weekly or Daily?
1 year, 10 months ago

Mutual Funds: What is the best frequency for SIPs – Monthly, Weekly or Daily?

Live Mint  

While most investors are fairly comfortable with the idea of doing monthly SIPs, there are several who are curious to know whether increasing the SIP frequency offers any extra benefits. When you are investing for several years, then the frequency of SIP, whether it is daily or weekly or monthly, doesn’t have a very big effect on the overall returns. …

SIP-top up facility: What is it and how does it work? Should you opt for it?
2 years ago

SIP-top up facility: What is it and how does it work? Should you opt for it?

Live Mint  

SIP-top up facility: Investing via Systematic Investment Plan is considered to be one of the best ways to amass wealth keeping in view long-term horizon. Amit Gupta, MD, SAG Infotech said an investor can raise his or her monthly payment to an ongoing SIP by using a top-up service. SIP-top up also known as SIP Booster or SIP step-up option …

Mutual Fund Investing: How step-up SIPs can help you achieve your financial goals faster
2 years ago

Mutual Fund Investing: How step-up SIPs can help you achieve your financial goals faster

Live Mint  

Step-up Systematic Investment Plans are a type of investment plan that allows an investor to increase the amount of money they are investing at regular intervals. The way a step-up SIP works is that the investor will start off by investing a fixed amount in the plan. One of the main benefits of a step-up SIP is that it allows …

Here’s how to beat inflation through step-up SIPs
2 years, 1 month ago

Here’s how to beat inflation through step-up SIPs

Live Mint  

Saving money is a crucial component of accumulating wealth and ensuring a stable financial future. Step-up SIP, also referred to as top-up SIP, is an automatic option that allows you to raise your SIP contribution by a predefined fixed amount, or a specified percentage, at regular intervals in accordance with your financial objectives and income level. Step-up SIPs are an …

Mutual funds: Which SIP freqency to select for becoming crorepati?
2 years, 1 month ago

Mutual funds: Which SIP freqency to select for becoming crorepati?

Live Mint  

Becoming a crorepati when you hit retirement would be like a dream come true. You don't even need to burden yourself with a lumpsum investment amount, you can even become a crorepati by investing ₹1,000 on a daily basis. To provide a holistic picture to investors and help them make better-informed decisions for their investments via SIPs, WhiteOak Capital Mutual …

Investment through SIP: How to invest with less risk?
2 years, 2 months ago

Investment through SIP: How to invest with less risk?

Firstpost  

Mutual funds can also be risky, but the risk is less in comparison to direct equity investment We all want to invest our money somewhere where our wealth constantly grows and remains safe. Investing in mutual funds can be a really good avenue for investors who want to increase their money while having low risk of loss. One can put …

SIP Payment to be Easier with UPI Autopay: Can Invest Upto Rs 5,000; Know Mutual Fund Rules
2 years, 8 months ago

SIP Payment to be Easier with UPI Autopay: Can Invest Upto Rs 5,000; Know Mutual Fund Rules

News 18  

Public sector finance company IDFC Mutual Fund has recently announced that it has in an industry-first move enabled UPI AutoPay for initiating registration for Systematic Investment Plans in mutual funds. IDFC Mutual Fund is glad to pioneer UPI AutoPay in the mutual fund industry, aimed at reducing the wait time between registration and commencement of investments via SIP. Commenting on …

Mutual fund calculator: How much SIP will be required to get 2.5 lakh monthly
3 years, 5 months ago

Mutual fund calculator: How much SIP will be required to get 2.5 lakh monthly

India Today  

The Systematic Investment Plan, famously known as SIP, is a disciplined way of investing in mutual funds. In such a scenario, if the inflation growth is at 6 to 6.5 per cent per annum, the monthly Rs 40,000 expense is expected to go up to around Rs 2.5 lakh per month after 30 years or post-retirement. - In order to …

Top up your SIP to reach financial goals faster
3 years, 6 months ago

Top up your SIP to reach financial goals faster

Live Mint  

MUMBAI: A Systematic Investment Plan, or an SIP, invests a fixed amount every month in a mutual fund. In the above example, a top up of 10% every year cuts down the time needed to reach your Rs1 crore goal to eight years instead of 10. A number of mutual fund houses offer free top up calculators in order to …

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