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If you increase your investments every years (which is quite natural), this calculator will tell you how much wealth can you gather by investing regularly for N number of years.





Savings

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What is Step-Up Calculator?

Step Up calculator is a calculator that gives you the future value of your SIP investments if you increase your SIP periodically by a given percentage.

Why Step-Up SIP is necessary?

SIP or the systematic investment plan helps you to compound your investment in order to build your wealth. However, when you step up your SIP investments periodically they have the chances of even building greater wealth for you. The other reason is as you grow your income also grows so your savings should also increase proportionately therefore you should top up your SIP periodically.

Advantages of Step-Up SIP

  1. One of the main advantage of the Step-Up SIP is that your saving increases to a great extent and through this way you tend to create a long term wealth.
  2. It naturally inculcates discipline of investing more when you are earning more otherwise this excess money could have been spent in an unproductive things.

Can I start Step-Up SIP online?

Yes, one can start Step-Up SIP option through online platform as well by selecting right fund option based on your risk appetite.

What can be the frequency of Step-Up SIP?

  • For Monthly SIP - Half yearly as well as Yearly Top up SIP facility is available.
  • For Quarterly SIP - Only Yearly Top up SIP facility is available.

Note - If an investor does not specify the frequency, the default frequency for Step-Up will be considered as Half yearly.

 

Can an investor Step-Up an existing SIP?

No, an investor cannot Step-Up an existing SIP. The investor can step-up any SIP only if at the time of starting a fresh SIP, step-up SIP column is selected. If the step-up SIP column is not selected at the time of fresh SIP then the investor will have to again start a new SIP and select Sep-Up SIP column.

Can an investor modify a Step-Up SIP facility which is already availed?

No, an investor cannot modify a Step-Up facility which is already availed. If an investor wants to make any modifications in an existing SIP, the investor must cancel the existing SIP and enroll for a fresh SIP with Step-Up option.