News From Press SIP-top up facility: What is it and how does it work? Should you opt for it while investing?

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

Source: Mint Dec 7, 2022

SIP-top up facility: Investing via Systematic Investment Plan (SIP) is considered to be one of the best ways to amass wealth keeping in view long-term horizon. Many retail investors utilise SIPs to achieve long-term financial objectives such as home ownership, children's education, marriage, or retirement. You can start investing in mutual funds through an SIP with an amount as low as ₹500, and can increase it gradually through SIP top-up.

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