Regular SIP Vs Top-Up SIP

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‘Mutual Fund Sahi Hai’ campaign initiated by AMFI has played a large role in making SIP and mutual funds a popular thing. Usually, people consider SIP and mutual as equivalent. But that’s not true. SIP is a mutual fund investment method to generate long-term wealth. SIP are of various kinds. But Top up SIP or Step Up SIP is a SIP variant which is quite popular nowadays. Let’s explain Regular SIP and Top Up SIP briefly.

Advantages of Mutual Fund

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From “Mutual Fund Hai” to “Mutual Fund Sahi hai” it has been through a lot. Mutual Funds gain the popularity day by day. A huge number of an investor in India has invested in Mutual Fund. With the high return, it has attracts so many investors. You can invest in a mutual fund as per your convenient; you also can save tax of Rs.1.5lakh in ELSS.