Page 45 - Banking Finance September 2024

ARTICLE

Mutual Funds Sahi Hai

SIP Top up Zaruri Hai

Srikanth Matrubai
Volatility Coach
Bangalore

Imagine you're saving up for a big purchase, like the down payment on your dream house. Every
month, you put away a specific amount of money. Now, if you suddenly receive a windfall bonus,
wouldn't it help you reach your goal sooner?

A lmost every investor now knows and But Expenses are Rising .

understands the power of consistent, long-term
Yes...Expenses will continue to rise. But so does Income!
investing through SIP (Systematic Investment
Plan).
So why should your investments fall behind?

But there is a way to accelerate the wealth creation
SIP top-up automatically increases your monthly
journey? The SIP TOP-UPs!
contribution as your income grows, accelerating your
wealth creation.
Imagine you're saving up for a big purchase, like the down
payment on your dream house. Every month, you put
Example to understand the Power of TOP UP
away a specific amount of money. Now, if you suddenly
receive a windfall bonus, wouldn't it help you reach your SIP :
goal sooner? SIP of Rs.30,000/- after 20 years can create a wealth of
Rs.2.70 crores approx whereas increasing the SIP amount
That's exactly what topping up your SIP does. It's like yearly by just Rs.3,000/- can create a wealth of almost
adding rocket fuel to your regular investments, propelling 4.5 crores (Returns assumed at 12%).
you towards your financial destination at lightning speed.
A staggering difference of 1,80,00,000/- !!
This means you reach your financial goals faster, whether
it's buying a house, funding your children's education, Every extra rupee you invest now makes a HUGE
or planning for retirement. difference.

BANKING FINANCE | SEPTEMBER | 2024 | 41