Why is a Step-Up SIP better?
A standard SIP assumes you will invest the exact same amount every month for the next 10, 20, or 30 years. However, in reality, your salary grows annually due to appraisals and inflation adjustments.
A **Step-Up SIP** allows you to increase your SIP amount periodically (usually once a year). This simple discipline ensures your investments keep pace with your income and drastically reduces the time required to hit your financial goals.
Intelligence Insight: Even a modest 5% or 10% annual step-up can double your final corpus compared to a flat SIP over a 20-year period. It is the most realistic way to model long-term wealth creation.