Options
-
₹7,000
Correct answer
- B
₹6,000
- C
₹5,000
- D
₹8,000
Why this is the answer
With Step-Up SIP, the investment amount increases annually by the selected step-up value. Starting at ₹5,000 with ₹1,000 step-up: Year 1 = ₹5,000, Year 2 = ₹6,000, Year 3 = ₹7,000, and so on. This helps clients reach their financial goals faster.
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