Introducing Easy Top-Up for SIPs

Most of our investors love ❤ the simplicity & ease of managing SIPs (Systematic Investment Plans) on Paytm Money. We actively listen to all your feedback & it is our endeavor to make this process seamless for you.

ICYMI: Earlier this week we introduced the Register for SIPs and Pay Later feature, it was received very well by users! Now we are excited to bring to you the option to ‘SIP Top-Up’.

What does ‘SIP Top-Up’ mean?

Let’s assume you have an active SIP of Rs. 1,000 a month. You wish to increase this amount after a few months, as you are expecting a hike in your salary or a bonus-like windfall. With our new feature you can top up or increase this SIP amount by Rs. 500, Rs. 1000, Rs 2000, Rs. 5000, whatever amount you are comfortable with.

The new topped up SIP comes into effect from the following month and the schedule is maintained in your Manage SIP section of the App.

How does it work on Paytm Money?

1. Go to Portfolio or the Manage SIPs section on Home Page
2. Select any scheme where you have an active SIP
3. Tap on the blue button on bottom right corner
4. Tap on a predefined amount or add the amount of your choice, it will get added to your existing SIP installment amount, instantly.
5. And you are done!

Why does it make sense to top-up your SIPs?

While SIPs inculcate the investing habit in you, an SIP Top-Up helps accelerate & reach your goals sooner. An SIP Top-Up allows you to enhance the monthly investment amount systematically. You can increase this by a fixed amount every month.

Advantages of SIP Top-Up

1. Excess Income? Invest not shop: It is very likely that your yearly salary increases with time. Use this income to top up your existing SIPs, instead of shopping recklessly just because your bonus was bigger than expected this year.
2. Reach goals faster: Adding money to your goals, reduces the time required to achieve them.
3. Adjust against inflation: Beat inflation by investing more than you had initially planned to. Increase your contribution towards your savings to combat inflation which tends to erode the value of your money.
4. Avoid managing multiple SIPs: Instead of enhancing the number of SIPs you hold and the hassle of managing each one, just top up existing SIPs. Starting new SIPs requires a lot of research. Instead, you could just top up existing SIPs, which you already know everything about.

We hope this feature helps you reach your goals sooner.

Stay Invested with Paytm Money :-)