News From Press Mutual Funds: What is a step-up SIP and how does it work?

Mutual Funds: What is a step-up SIP and how does it work?

Source: Mint Jun 4, 2024

A step-up Systematic Investment Plan (SIP) is an advanced version of the traditional SIP, tailored to address the evolving financial capacity of an investor. Unlike a regular SIP where the investment amount remains constant, a step-up SIP allows investors to increase their contribution periodically, typically on an annual basis.

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