{"id":1018,"date":"2024-04-22T06:38:55","date_gmt":"2024-04-22T06:38:55","guid":{"rendered":"https:\/\/jamawealth.com\/askguru\/?p=1018"},"modified":"2026-03-02T19:29:01","modified_gmt":"2026-03-02T19:29:01","slug":"what-is-the-preferred-hike-percentage-to-increase-if-we-want-to-increase-the-sip-amount-in-mutual-fund-every-year","status":"publish","type":"post","link":"https:\/\/maxiomwealth.com\/askguru\/2024\/04\/22\/what-is-the-preferred-hike-percentage-to-increase-if-we-want-to-increase-the-sip-amount-in-mutual-fund-every-year\/","title":{"rendered":"What is the preferred hike percentage to increase if we want to increase the SIP amount in mutual fund every year?"},"content":{"rendered":"\n

It is a great idea to increase your investment amount as and when your salary increase. This is a proven way to get financially free sooner.<\/p>\n\n\n\n

If you keep your expenses as much as possible at the same level, then the savings % automatically goes up. Many people fall prey to a lifestyle inflation which keeps them on the corporate treadmill aka rat race.<\/p>\n\n\n\n

To sum up, I\u2019d say increase your SIPs such that 50% of your income hike goes to SIPs. Its like a good EMI (cliche). While doing this, ensure that your funds are doing well, and that you are invested in Direct Plan Mutual Funds only. You then get upto 40% more in long term portfolio size by avoiding commissions and brokers.<\/p>\n\n\n\n\n

\n

Maxiom Wealth \u2014 Free Tool<\/p>\n

How Much Will Your SIP Grow to?<\/h3>\n

Use our free SIP calculator to project your wealth at 5, 10, or 20 years. Small monthly amounts compound into life-changing wealth \u2014 but only if you start early enough.<\/p>\n Try the SIP Calculator \u2192<\/a>\n Talk to a Financial Advisor<\/a>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

It is a great idea to increase your investment amount as and when your salary increase. This is a proven way to get financially free sooner. If you keep your expenses as much as possible at the same level, then the savings % automatically goes up. Many people fall prey to a lifestyle inflation which… Read More »What is the preferred hike percentage to increase if we want to increase the SIP amount in mutual fund every year?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38,78],"tags":[],"class_list":["post-1018","post","type-post","status-publish","format-standard","hentry","category-mutual-funds","category-sip"],"_links":{"self":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/1018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/comments?post=1018"}],"version-history":[{"count":1,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/1018\/revisions"}],"predecessor-version":[{"id":3711,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/1018\/revisions\/3711"}],"wp:attachment":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/media?parent=1018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/categories?post=1018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/tags?post=1018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}