As you progress in your career, your income naturally increases through annual appraisals and promotions. However, most people keep their SIP amounts the same for years. This is a massive missed opportunity. Enter the Step-Up (or Top-Up) SIP.
What is a Step-Up SIP?
A Step-Up SIP is a feature that automatically increases your monthly SIP contribution by a fixed percentage or amount every year. For example, you can start with an SIP of ₹10,000 and instruct the AMC to increase it by 10% annually.
The Massive Impact on Final Corpus
Assume you invest ₹10,000 per month for 20 years at an expected return of 12%. A regular SIP will yield roughly ₹1 Crore. However, if you apply a mere 10% annual step-up to that exact same SIP, your final corpus skyrockets to over ₹2 Crores!
Automate Your Wealth
You don't have to manually increase your SIPs. Ask our team to configure an automatic Step-Up mandate on your existing investments.
Set Up Auto Step-Up
