Step-Up SIP — Accelerate Your Wealth Building
A Step-Up SIP (or Top-Up SIP) automatically increases your SIP amount by a fixed percentage each year, aligning with your rising income and accelerating wealth creation.
How It Works
You start with a base SIP amount and set an annual increase (usually 10-15%). Example: ₹10,000/month SIP with 10% step-up becomes ₹11,000 in year 2, ₹12,100 in year 3, and so on.
Impact on Corpus
₹10,000/month regular SIP for 20 years at 12% = ₹1 Cr. Same ₹10,000 with 10% annual step-up = ₹2.1 Cr. That's 2x more wealth just by increasing ₹1,000/month each year!
When to Step Up
Step up SIP whenever your income increases: annual appraisal, bonus, switching jobs. Even 5% step-up makes a significant difference over 15-20 years.