What is SmartSIP+, and how is it different from SmartSIP?
SmartSIP+ works exactly like SmartSIP, with one key addition: a top-up.
When the market looks especially undervalued, SmartSIP+ debits an extra amount, equal to your regular instalment, and invests that additional amount into the equity fund on top of your usual instalment. So in a month where prices are attractively low, instead of your usual ₹10,000 going in, ₹20,000 might be debited and invested to make the most of the opportunity.
This means SmartSIP+ doesn’t just time your investments better it also increases your total invested amount over the tenure, unlike SmartSIP or a regular SIP, where the total stays fixed. Because of the top-up, you’ll need to keep extra funds available in your bank account around your SIP date, since the debit amount can vary month to month.
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