The answer is a big YES! But do you do it? Well, I’m sure that many of us are still not taking advantage of this advantage and are dragging our SIP with the same amount.

By simply increasing your SIP amount by 10% annually, you can earn an additional INR 1.45 crore over the course of 15 years.

Appraisal time is the most awaited time for working professionals. However, very few really make plans for how they will improve their wealth as a result of the rise. Ignorance is bliss! You are more likely to make a hasty investment decision that is motivated by emotions after receiving a bonus since you feel good and more in control.

What should you do with your appraisal, then, you may ask? Invest it wholly? Well, obviously not! Reward yourself and take pleasure in the results of your hard work. But don't forget to up your investment levels as well.

Your portfolio value can expand by 1.7 times with just a simple 10% increase in your SIP amount each year.

A 10% rise in the first year makes your SIP INR 44,000 if you are investing INR 40,000 per month. Only INR 4,000 more per month is involved. If you have a reliable source of income, then surely you can afford a 10% yearly increase in your investments.

Therefore, even a tiny increase of 10 or even 5% might have a big impact on your wealth.

It's quite an interesting thought about your accumulating more wealth, isn't it? So what next? A few months are left for appraisal; go gear yourself and be sure to boost your monthly investments, even if it is by a small amount. You'll appreciate it in the future!

Till then, stay invested! :)