Step up SIP

 

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In a step-up Systematic Investment Plan (SIP), the SIP amount increases automatically at a pre-defined rate and period

 In a step-up Systematic Investment Plan (SIP), the SIP amount increases automatically at a pre-defined rate and period. For example, a person who is investing R10,000 every month via a SIP can opt for a step-up plan and ask the fund house to increase his SIP amount by 10 per cent every year.

 

This method helps investors to increase their investment along with an increase in their income. If you don't wish to continue with increasing your SIP commitment regularly, you will have to cancel it and begin a new SIP.

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Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saving Mutual Funds to invest in India for 2016

Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

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