5 advantages of top-up SIPs
1.A top-up SIP increases the SIP amount automatically at a predetermined time or period.2.Top-Up SIPs help keep up with inflation and assist in achieving your financial goals in a timely manner.
3.A top-up SIP ensures that you are saving in line with your earnings, ensuring that you keep up with the regular increments in income.
4.Top-up SIPs make life operationally easy and reduces the hassle of starting new SIPs and monitoring multiple SIPs.
5.Investors must select the top-up option when enrolling for a SIP. After you have enrolled, you won’t be able to change your top-up information.
Content on this page is courtesy Centre for Investment Education and Learning (CIEL).
Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.
(Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of www.economictimes.com.)
This story originally appeared on: India Times - Author:Faqs of Insurances
