Step-Up SIP: A Pathway To Wealth

Elevate Your Financial Trajectory with Step-Up SIP

While it is true that harnessing the potential of systematic investment plans helps reach your goals faster, there is a need to understand whether step-up SIP works better than standard or static SIP. The article highlights the finer differences between the two strategies. 

The Indian equity landscape is currently undergoing a spell of unease as major market indices tiptoe around critical psychological thresholds. With the Nifty index tantalisingly close to the coveted 20,000 mark and the Sensex making a near brush with the 68,000 level, a palpable nervousness has settled in. Adding to the apprehension, the BSE Banking index has retraced by 5.5 per cent from its recent high. This unsettling trend has emerged after a spirited market surge that witnessed all major equity indices surging into double-digit territory since the commencement of the financial year FY24.