A Systematic Investment Plan (SIP) top-up is a service offered by mutual funds that increases the (SIP)
SIP has grown in popularity over the past few years as one of the most useful methods for accumulating
It aids investors in maintaining discipline in their investment and can assist them in accumulating money
allowing them to invest a predetermined amount (let's say, Rs 10,000) at a specified interval (let's say, monthly).
SIP top-up is a mutual fund add-on feature that allows investors to raise the SIP payment amount
The SIP amount is increased by a defined amount at predetermined times when using a fixed SIP
Under variable SIP top-up, the SIP amount is modified by the investors' chosen fixed percentage
With a SIP top-up, investors can increase their monthly instalment amount periodically