Best ELSS Funds to Invest Online
Variants of SIPs
Mutual fund houses have introduced different variants of SIPs, here are some of them.
Top-up SIP: The SIP top-up facility which allows the investor to increase his SIP amount either by fixed amount or as a percentage. Suppose you are investing Rs 5,000 per month and you want up the SIP amount by Rs 1,000 the next year. Then you can simply choose this option given on the SIP registration form and mandate the AMC that after one year, they should debit Rs 6,000 from your bank account.
On the other hand, if you have chosen the percentage top-up option of say 10 per cent, then Rs 500 will be additionally debited along with your existing SIP of Rs 5,000 from next year.
Mutual fund houses have introduced different variants of SIPs, here are some of them.
Top-up SIP: The SIP top-up facility which allows the investor to increase his SIP amount either by fixed amount or as a percentage. Suppose you are investing Rs 5,000 per month and you want up the SIP amount by Rs 1,000 the next year. Then you can simply choose this option given on the SIP registration form and mandate the AMC that after one year, they should debit Rs 6,000 from your bank account.
On the other hand, if you have chosen the percentage top-up option of say 10 per cent, then Rs 500 will be additionally debited along with your existing SIP of Rs 5,000 from next year.
Flexi SIP: Flexi SIP works on the principle of 'buy low, sell high'. It continues to invest more when market valuations are low and vice versa. Here the investment date is fixed, however, the amount is not fixed.
SIPs are when Stock Market is high volatile. Invest in Best Mutual Fund SIPs and get good returns over a period of time. Know Top SIP Funds to Invest Save Tax Get Rich
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