SIP top ups: A necessary booster to timely achieve goals

Financial growth is one of the key objectives that drive all of us to work hard in our jobs and businesses. Most of us are rewarded for our efforts through raises, bonuses, and profits at least once a year.

However, letting this surplus accumulate or splurging it all may not be advisable because, if invested wisely, it can help generate wealth for you in the long term.

Systematic investment plans, or SIPs in mutual fund schemes, can be an effective investment tool to generate long term wealth for financial security. Regular amounts of money into mutual fund schemes via SIPs may not only help us achieve our life goals like marriage, children’s education, buying a house or retirement, it can also provide a shield against inflation.

Typically, SIP is investing a fixed amount at regular intervals, in a scheme of your choice. SIP can help foster financial disciple, and can provide the benefit of rupee cost averaging, allowing investors to buy more units when prices are low and fewer units when prices are high.

One of the biggest advantages of SIPs is that it offers the flexibility to start with small amount of investments (as low as Rs 100/Rs 500) as per the investor convenience.

However if you are planning to increase your investments systematically basis any additional income received by way of a bonus or an increment, then you can opt for an SIP- top up facility. The SIP top-up refers to increasing your original SIP amount at pre-defined intervals/periodically.

Key highlights of the SIP top-up facility:

So build on your investments and consider to put your money to work conveniently with the help of SIP top up facility.

Disclaimer:This document may include statements/opinions which may contain words or phrases such as "will", "believe", "expect" and similar expressions or variations of such expressions that are forward looking statements. Actual results may differ materially from those suggested by the forward looking statements due to risk or uncertainties associated with the statements mentioned with respect to but not limited to exposure to market risks, general economic and political conditions in India and other countries globally, which may have an impact on services and/or investments, the monetary and interest policies of India, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices etc. Kotak Mahindra Asset Management Company Limited/Kotak Mutual Fund is not guaranteeing or promising or forecasting any returns/future performances. Investors may consult their financial experts and/or tax advisors before making any investment decision.SIP/ SIP-Top up investments do not guarantee of any profit/loss in an upward/declining markets.