Got a salary hike? Here's what to check before raising your SIP amount
· livemint.com
A salary hike is a good opportunity to increase SIP amount, but investors should first review their financial goals, emergency fund and asset allocation. A disciplined annual SIP step-up of 10–15% can significantly boost long-term wealth creation.
A salary hike often brings the temptation to increase SIP investments and accelerate wealth creation. However, simply putting the entire increment into mutual f...