Investing
Step-up SIP
Also known as: Top-up SIP
A SIP that automatically increases your monthly amount every year, usually in line with your salary.
A step-up SIP raises your monthly investment by a set amount or percentage each year, so your investing grows with your income.
It is one of the highest-impact habits, because small annual increases compound into a dramatically bigger corpus.
Set it to bump 10% a year and you barely feel it, since your salary is usually rising too.
For example
A ₹10,000 SIP stepped up 10% yearly for 20 years can build roughly double the corpus of a flat ₹10,000 SIP.