Rs 12,000 SIP vs Rs 5,000 Step-Up SIP: Which Builds a Higher Retirement Corpus?
Zee Business Video Team | Updated: November 26, 2024 08:04 PM IST
In a simple SIP, you decide a monthly investment amount for a periodic investment cycle. You do not increase the investment amount for the entire duration of the investment. The impact of a simple SIP may not be evident in the short term, but in the long term, it can do wonders because of the power of compounding.