Salary Hike This Year? Don't Increase Your SIP Until You Check These Financial Priorities

Receiving a salary increment often motivates people to save and invest more for the future. Many investors immediately consider increasing their monthly Systematic Investment Plan (SIP) contributions to accelerate wealth creation. While this can be a sensible move, experts say a pay rise should first prompt a complete review of personal finances. Before committing additional income to mutual funds, it is important to ensure that other financial priorities have been adequately addressed.