Transform your SIP to Top Up SIP

Transform your SIP to Top Up SIP:

Top Up SIP is a facility provided by the asset Management Company (AMC) where by investor can increase the SIP amount by fixed amount or by specified percentage at predetermined intervals. SIP is an effective tool to build wealth. Whereas Top Up SIP will enable to achieve your goals faster and accumulate wealth quicker.

Example: Deepan wishes to save for child marriage which is 20 years from now. He decides to start a SIP of Rs 5000 per month in equity funds. He has predicted that fund will give return upto 12% pa . He will be able to build a corpus of Rs 46 Lakhs after 20 years to achieve his goal.

If Deepan decides to Top Up his SIP Investment by 10% every year. He will be able to accumulate the same wealth in just 16 years. He can save 4 years by just Topping Up his existing SIP by 10%.

He will be invest Rs 5000 in first year, Rs 5500 in second year, Rs 6050 in the third year and so on.

If he is investing for 20 years with top up of 10% to his existing SIP. He can accumulate corpus of Rs 92.5 Lakhs by end of the term. He can build wealth almost double the corpus of simple SIP by topping up just 10%.

Advantages of Top Up SIP:

1) Helps to acheive the goals faster

2) Easy to manage the portfolio.

3) Helps to beat the inflation

4) Helps to Increase the Savings

5) Adopts to your rising income

Mentotax recommends you to Top Up your existing SIP by at least 10% every year to achieve your goals faster and enjoy the power of Compounding.

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