Question: Is it good to top up SIP?

Idioms And Phrases

Should I top up my SIP?

Financial planners suggest investors should opt for a top-up facility, as it automatically accounts for inflation and takes care of an increase in income like an annual salary hike. Most salaried individuals get an annual hike and hence they suggest investors could top up their SIPs annually.

Can I add money in existing SIP?

If you want to increase your SIP/STP or SWP amount, you can start a new SIP/STP or SWP for the additional amount. So if you already have a SIP running for Rs. 1000 and you want to increase your investment to Rs. 1,500, you need to start a new SIP of Rs.

What is Topup amount in SIP?

Mutual fund Systematic Investment Plan (SIP) is an effective and convenient way which may create wealth in the long term. … A SIP Top-up allows you to increase the SIP amount annually. The SIP top-up amount can be specified as a percentage or a fixed amount every year over the original SIP amount.

Is SIP better weekly or monthly?

Studies have shown that SIP frequency, be it daily, weekly or monthly, has no major impact on returns. For instance, the difference in return between daily, weekly or monthly SIPs is negligible over time. However, you could struggle to monitor your investment if you opt for the daily SIP over the monthly SIP.

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Can I stop my SIP anytime?

You may cancel SIP even if you have invested through a mutual fund distributor. It helps if you inform your mutual fund agent who fills up the cancellation request for the SIP with the respective AMC.

Which is best mutual fund?


Scheme Name Plan 1Y
Canara Robeco Bluechip Equity Fund – Direct Plan – Growth Direct Plan 46.53%
IDBI India Top 100 Equity Fund – Direct Plan – Growth Direct Plan 53.60%
Kotak Bluechip Fund – Direct Plan – Growth Direct Plan 49.73%
Mid Cap Fund

Which is the best SIP to invest now?

The table below shows the best equity funds:

Mutual fund 5 Yr. Returns
Quant Small Cap Fund – Direct Plan-Growth 24.21% Invest Now
Aditya Birla Sun Life Digital India Fund Growth 32.51% Invest Now
Quant Infrastructure Fund – Direct Plan-Growth 25.51% Invest Now
Tata Digital India Fund Regular Growth 33.26% Invest Now

What is top up fund value?

Top-up is a facility provided in Unit Linked Life Insurance Policies. It is a flexibility that is not provided by traditional policies and is only offered by ULIPs. It is an amount that can be paid by a policyholder at any point of time to increase his fund value without much charges attached to it.

Can I Topup mutual fund?

10,000 per month in a mutual fund via SIP and wish to increase the investment amount to Rs. 15, 000 per month, a top-up SIP allows you to do that. … In most top-up SIP cases, investors have the option of choose at what intervals they want to increase their SIP amount.

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