A step-up or top-up SIP increases your monthly amount yearly, often by 10%. It mimics salary growth and can materially change your projected outcomes.
If your first SIP felt small on purpose, stepping up prevents lifestyle inflation from eating your entire pay raise. Many AMCs support automated annual increments. Others might need a manual change, so be sure to check your platform.
Our base SIP calculator assumes a flat instalment. For step-ups, you can mentally layer two plans: run one chart for the base amount and another for a higher amount starting in a future year. Dedicated step-up calculators also exist.
Disclaimer
This article is for general education. It does not recommend specific mutual funds or securities. Past performance does not guarantee future results. Consult a qualified professional before investing.
Model monthly SIP or one-time lumpsum growth with your own numbers, right in the browser.
More reads on SIP, mutual funds, and investing in India.