Step-up SIP
A SIP that rises by a fixed percent or amount each year.
Example
₹5,000 a month stepped up 10% a year for 15 years could reach about ₹41.4 lakh at an assumed 12%, against ₹23.8 lakh flat.
Learn more in Step-up SIPs: grow it with your salary (2 min).
See also: SIP
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