Illustration only, at the rate you selected. Returns are not assured and actual results will differ. Taxes and exit loads are not included.
How the step-up SIP calculator works
Each month’s instalment is added at the start of the month and grows at the monthly rate (your annual rate ÷ 12). After every 12 instalments the SIP amount rises by the step-up percentage you choose. Set the step-up to 0% and the result matches a regular SIP calculator.
Why people step up
Incomes usually rise over time, so a SIP that stays flat becomes a smaller share of what you earn. A yearly step-up keeps the habit in line with your income. You can set or change a step-up when you start a SIP, and stop it at any time.
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Frequently asked questions
What is a step-up SIP?
A SIP whose monthly amount increases by a fixed percentage or amount at set intervals, usually once a year.
How much should I step up each year?
There is no single right number. Many investors link it to their expected yearly pay rise. Try a few percentages in the calculator to see the difference.
Can I stop the step-up later?
Yes. You can modify or cancel the step-up instruction, or pause the SIP itself, at any time.