Duration of regular SIP investments
Understanding SIP
Systematic Investment Plan (SIP) is a method of investing a fixed sum regularly in mutual funds. It allows you to buy units of the fund at different market levels, averaging out the cost of your investments.
Benefits of SIP
SIPs help in disciplined investing, provide the benefit of compounding, and reduce the risk of market volatility. They are a great way to build a corpus over time for your financial goals.
What is Step Up in SIP?
Step Up in SIP refers to the practice of increasing your investment amount periodically. This can be done annually or at any other regular interval. The idea is to gradually increase your investment as your income grows, allowing you to build a larger corpus over time.
Why Use the SIP Calculator?
This tool helps you estimate the future value of your SIP investments. By understanding the potential growth of your investments, you can make informed decisions and plan your financial future effectively.