Step-up SIP: Why Increasing Your SIP Every Year Matters
📈Try the free sip calculatorNo download, works on your phoneA SIP (systematic investment plan) puts a fixed amount into a mutual fund every month. A step-up SIP increases that amount every year, usually in line with your salary.
Why step up?
Your income grows, so your savings should too. Even a 10% yearly increase can make a big difference over 15 years because the extra money also compounds.
How to choose numbers
- Monthly amount: start with what you can continue in a bad month
- Expected return: use a conservative number; returns are not guaranteed
- Step-up: 5–10% a year is common
Try different numbers in the free SIP calculator. To plan goals like education or a home, use the SIP, Goals & Net Worth Tracker.
Mutual fund investments are subject to market risks. This is not investment advice; consider a SEBI-registered adviser.
Free Monthly Budget Sheet
A printable one-page budget sheet: income, fixed bills, daily spending and savings for the month. Print it or fill it on your phone.
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