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
