Shreyaa Kapoor Instagram – By now we know the basics – what an SIP is how it can be amazing if you want to start out your investing journey. 🙌🏼
But today let’s explore the next level of it – Step up SIP. 🫡
In theory, it simply means that as time goes by and you climb the ladder up in your career, you can choose to also increase your monthly SIPs in index/ mutual funds for a bigger impact.🫶🏼
As discussed in the video – you make a monthly SIP of 10,000 but increase it by 10% monthly the next year – this way with a conservative 12% return – you make upwards of 8,83,31,000.🎉
On the contrary if you just keep investing 10,000 every month without stepping up the game – you are left with a significantly lower amount!😅
You can choose to increase or decrease the SIP amount given your individual circumstance but remember – you will always be better off stepping up the SIP game!🙏🏼
As always, share this video with your friends and step up your 2024 goals with step up SIP!❤️
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[step up, SIP, investing, mutual funds, index funds, investing for beginners, Shreyaa kapoor, investing tips, money, share market, stocks, stock market] | Posted on 29/Dec/2023 20:00:09
