Dreaming of a comfortable retirement in India? A fixed SIP might not be enough. Discover how a 'Step Up SIP' can be your game-changer for hitting big financial goals.
Your income and expenses grow each year, but does your investment? A regular SIP often loses its punch against inflation, making it harder to reach your ₹1 Crore dream. Time to save smarter.
A Step Up SIP (or Top-up SIP) automatically increases your investment amount yearly. Align your SIP growth with your career growth for compounding on steroids, not just on your initial investment.
1. Choose a realistic increment (5-15% annually). 2. Use online platforms (Groww, Zerodha, Kuvera) with 'Step Up SIP' options. 3. Set it, and let it run automatically! 4. Review annually.
Example: Start ₹15,000/month, step up 10% annually. At 13% p.a. returns in equity MFs, you could hit ₹1.15 Crore in 15 years. It's a mathematical reality with discipline!
Don't overcommit, stop prematurely due to market volatility, or chase returns. Consistency beats aggression. Review your portfolio annually, but avoid knee-jerk reactions.
See how YOUR numbers stack up! Use a Step Up SIP calculator today to plan your ₹1 Crore retirement goal. Your future self will thank you! Visit sipplancalculator.in