Also Read : SIP Calculator
https://thebullbook.in/tool-sip-calculator/
What is a Step-Up SIP?
A Step-Up SIP is a type of SIP (Systematic Investment Plan) that allows you to increase your SIP amount each year by a fixed percentage. This helps you grow your investments with your rising income, resulting in higher returns over time.
Example:
If you start with a SIP of ₹5,000 per month and choose a 10% Step-Up, the amount will increase by 10% year on year. So, in the 2nd year, your SIP amount will be ₹5,500 per month, and in the 3rd year, it will increase to ₹6,050, and so on. This allows you to invest more gradually as your earnings grow, ultimately it will give you higher returns than a fixed SIP.
What are the top performing Mutual Funds in India
you can check here fro best performing Mutual Funds in India in past 5 years https://www.hdfcsec.com/MutualFund/MarketSaysListing/1-7-107
Also Read : Calculate Monthly SIP for Future Goals
https://thebullbook.in/calculate-monthly-sip-for-future-goals/
FAQ :
What is a Step-Up SIP?
A Step-Up SIP allows you to increase your SIP amount annually by a fixed percentage to maximize returns over time.
Why choose Step-Up SIP instead of a regular SIP?
A Step-Up SIP lets you gradually increase your investments over time, so you can boost your returns without having to invest a big amount right from the start.
4o
Can I stop the Step-Up feature?
Yes, you can opt-out of the Step-Up feature anytime and continue with a regular SIP plan.
