What is step up in mutual fund?

Increasing SIP (Systematic Investment Plan) value by a certain amount after a specific period ( weekly/monthly/quaterly) is step up SIP in mutual fund

How to do a Step-up SIP?

You can do Step-up SIP through https://www.piggy.co.in or Piggy Mutual Funds App for free

Difference between Step-up SIPs and Conventional SIPs?

Unlike Step-up SIP, Conventional SIP do not give investors opportunity to increase the value of their SIP during investment tenure

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Step Up SIP Calculator

With Step-up SIP you can start investing an initial amount and then gradually increase it till it reaches the final amount e.g., if your initial investment amount is 1000 per month and you specified a step-up of 10%, it will become 1100 in the second year, 1210 in the third year and so on.

Investment Amount

Expected Annual Return Rate(%)

Annual Step Up(%)

Year

Month

Investment Amount

₹4,98,368

Return Amount

₹6,64,520

Return Rate

Duration

6y 4m

Save taxes upto ₹ 46,800

Highest returns among 80C

Lowest lock-in period of 3 yrs

Get Started

Start an SIP

Save taxes upto ₹45,000

Highest returns among 80C

Get Started

How Step up SIP helps?

Increasing your investment amount with respect to your income will lead to generate more wealth in the long term.

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