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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.
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.
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.
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.
