New Delhi, July 14 -- A salary hike often brings the temptation to increase SIP investments and accelerate wealth creation. However, simply putting the entire increment into mutual fund SIPs without reviewing financial priorities can create an imbalance in a portfolio.

Here are key factors you should consider before increasing your SIP amount.

According to Aditya Agarwal, Co-Founder, Wealthy.in, a salary increment is a good opportunity to strengthen long-term wealth creation, but investors should ensure that the additional investments are aligned with their financial goals, risk profile and existing asset allocation.

"Building an adequate emergency corpus, reducing high-interest debt, increasing health and life insurance cover and crea...