Top-Up SIP
Reach your goals early by increasing your SIP with increase in your income.
What is it?
A facility that allows you to increase your SIP investment amount so that you can save more and reach your financial goals early.
How does it work?
As an individual investor, you would be experiencing periods in life where your income or monthly cash flows would increase. These times are a good opportunity to increase your SIP investments and move a few steps closer to your goals. The Edelweiss Top-up SIP allows you to:
- Start an SIP in your chosen scheme
- Increase the SIP amount in the scheme as per your convenience
This way, you don’t need to start a new SIP every time your income increase. You can simply choose the Top-up option to do that.
Why is it good for you?
- It gives you the flexibility to increase the amount invested through an existing SIP
- It allows you to easily invest any increase in income or cash flows
- It can potentially help you achieve your financial goals earlier than planned
- You get the benefits of SIP investing, i.e., compounding, rupee-cost averaging, discipline, and no need to time the markets
Frequently Asked Questions on SIP
When you initially start investing in a SIP of any mutual fund scheme, you can select the option of SIP top up and then mention the top-up amount in multiple of 500. Select Top-up frequency such as half yearly and annually. You can also set up maximum top-up cap. Use SIP calculator to calculate how much SIP you need to invest for your financial goals.
You can request for an SIP Top-up in all the existing schemes of Edelweiss Mutual Fund.
MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.
