Will Starting A Mutual Fund SIP Automatically Give High Returns?

The common understanding about systematic investment plans (SIPs) is to start your SIPs and forget about them. While it’s the best approach for fickle-minded people who have an itch to keep hunting for newer products, others would do well to keep reviewing their investments at certain time periods. Reviewing your portfolio is critical to analyse the progress your funds make in achieving your life goals. There are two hacks, or rather two smart moves, which can help you gain higher returns than others: The first is opting for a step-up SIP, a feature that most mutual fund houses offer. Under this, you need to increase the monthly SIP outgo as your income increases. This will help you achieve your financial goals even earlier or help you accumulate more than what you had initially aimed for. If you activate a step-up SIP, you need to mention the amount by which you want to increase...