Got a salary hike? Here’s how a step-up SIP mutual fund strategy can help you save smarter | Mint
With salary appreciation letters being distributed, mutual fund distributors are suggesting individuals consider using a step-up systematic investment plan (SIP). This advanced SIP automatically enhances the SIP amount by a set percentage or value at every SIP anniversary. After every anniversary, you can save an additional 5-10-15% to ensure your savings increase in line with … Read more