Prefer This Over SIP || bekifaayati #youtubepartner #youtubeshorts #shorts
In the traditional form of SIP investing, investors do not have the option to increase their periodic contributions during the investment tenure. If one wants to invest more money than they were originally able to they must open a new SIP. This is where Step-up SIP proves to be highly resourceful as it allows you to translate their increased earnings into their already ongoing SIPs instead of starting a new account.
You can invest in Step-UP SIP using below steps
Select the mutual fund and click on SIP.
Click on the check box for Automatic step-up (optional) .
Click on Increment percentage to select the percentage by which the SIP should increase.
Select the date under Choose date.
Click on Create SIP.