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SIP Top-up - Add wings to your
SIP and aim for a bigger goal

Systematic Investment Plan Top-up (SIP Top-up)

Systematic Investment Plan (SIP) Top Up allows investor to increase their installments in SIP by a fixed amount or percentage at pre-determined internals. This increase can be in lined with your income/savings growth.

Example:

SIP

SIP Top-up

Year

Investment Amount Rs. 10,000 / month

SIP Rs. 10,000 / month + Rs. 1,000 top-up / year

Yearly investment

Value at the end of Period

Yearly investment

Value at the end of Period

1

Rs. 1.2Lakh

Rs. 1.30Lakh

Rs. 1.2Lakh

Rs. 1.30Lakh

2

Rs. 1.2Lakh

Rs. 2.79Lakh

Rs. 1.32Lakh

Rs. 2.91Lakh

3

Rs. 1.2Lakh

Rs. 4.50Lakh

Rs. 1.44Lakh

Rs. 4.91Lakh

4

Rs. 1.2Lakh

Rs. 6.47Lakh

Rs. 1.56Lakh

Rs. 7.33Lakh

5

Rs. 1.2Lakh

Rs. 8.73Lakh

Rs. 1.68Lakh

Rs. 10.24Lakh

Total Rs.1.50Lakh Difference!

 

(Assuming annualized returns of 15%, For Illustration purpose only)

Top-up SIP is a facility that lets you increase your SIP by a fixed amount or percentage (say by Rs. 500) every year or at pre-defined intervals in line with an increase in your income/savings.

Benefits of Top-up SIP:

Top -up in your SIP scoops up your investments by bringing them in line with a rise in your cost of living and assists you in planning for your financial goals.

It can also help you reach your financial goals earlier or create a larger corpus for your goal. Top-up facility helps you to develop the habit of periodically increasing your investments with increasing disposable income.

  • Useful when current surplus is low- SIP Top-Up facilitates to gradually invest more with time if your initial investment surplus is low.
  • Auto route to increase savings – SIP Top-Up has an auto pilot feature to keep your savings in line with the rise in income.
  • Achieve goals faster – With your incremental investing on regular intervals, wealth tends to compound thereby helping to attain goals faster.

ELIGIBLE SCHEMES FOR SIP TOP UP

Type

Name of Scheme

Eligibility

Equity

Mirae Asset Large Cap Fund

Yes

Mirae Asset Emerging Bluechip Fund

Yes

Mirae Asset Great Consumer Fund

Yes

Mirae Asset Healthcare Fund

Yes

Mirae Asset Focused Fund

Yes

Mirae Asset Midcap Fund

Yes

Hybrid

Mirae Asset Equity Savings Fund

Yes

Mirae Asset Hybrid Equity Fund

Yes

Debt

Mirae Asset Savings Fund

Yes

Mirae Asset Cash Management

Yes

Mirae Asset Tax Saver Fund*

Yes

Mirae Asset Dynamic Bond Fund

Yes

Mirae Asset Short Term Fund

Yes

  

* Each installment will be locked in for 3 years

For the list of schemes which are eligible for this facility and other terms and conditions, please refer to the facility form.

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