Step-Up SIP: A Pathway To Wealth

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

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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.

The present scenario has rekindled conversations about intensifying investments in equities and equity-linked instruments as the ongoing correction presents a beckoning entry point for investors who had missed the bus earlier. In the first four months of FY24, we have witnessed an exuberant market rally, infusing hope and optimism into the investment arena. This upswing has seen an unprecedented influx of investments into assets under management (AUM) for various fund houses, driving AUM figures to remarkable heights. Many investors seized the moment and allocated lump sum amounts, capitalising on the market’s substantial growth.