1 year, 2 months ago
Should mutual fund investors raise the amount of SIP along with increase in income? MintGenie explains
Live MintDid 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. Renu Maheshwari, a Sebi-registered investment advisor and co-founder of Finscholarz Wealth Managers, echoes similar sentiments when she says that it is not feasible to achieve financial goals without raising the SIP amount regularly. Gaurav Rastogi, founder and CEO of kuvera.in says that raising SIP regularly ensures that savings and investments grow in line with your income.
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