Calculate the corpus growth when you increase SIP contributions yearly.
See how increasing your monthly SIP contribution annually with salary hikes multiplies your long-term mutual fund wealth.
Where: SIP_y increases by Step-Up % each year, compounding monthly contributions continuously until maturity.
A Step-Up SIP automatically increases your monthly mutual fund contribution by a fixed percentage (e.g. 10%) or fixed amount every financial year.
As your annual income grows with appraisals, stepping up your monthly savings rate prevents lifestyle creep and doubles final retirement wealth.
A ₹10,000 monthly SIP at 12% for 15 years yields ₹50.4 Lakhs. Stepping it up by 10% yearly turns final wealth into ₹86.8 Lakhs — a 72% boost!
Stepping up monthly investments by 10% annually aligns well with average corporate salary appraisals in India.
Yes, mutual fund houses allow setting a upper limit cap on monthly Step-Up installments.
Most mutual fund portals allow adding a Top-Up facility to existing active SIP folios online.