Your appraisal letter arrives, extra cash in hand. New gadget or quick trip? Most miss a trick to truly supercharge wealth. Don't let lifestyle creep win!
That thrilling salary bump often gets swallowed by rising expenses or a fixed, static SIP. There's a smarter way to make your money grow with your career.
Simply, it's a SIP where you increase your investment amount by a fixed % or amount at predefined intervals. Like a ladder, your SIP climbs as you earn more.
Rahul's story: ₹15k fixed SIP = ₹2.84 Cr. With a 10% annual Step Up, it becomes ₹5.66 Cr! Beat inflation, accelerate goals, leverage raises. It's game-changing.
Choose % or fixed amount step-up. Align with your annual appraisal (10-15% is a good start). Automate it on your platform. Diversify across funds. Your money adapts!
Don't ignore stepping up at all. Avoid being too aggressive too soon. Don't 'set and forget' forever; review annually. Ensure it aligns with your financial goals.
Ready to map your wealth trajectory? Use our Step Up SIP calculator to visualize the magic of compounding with your growing salary. Find the link in bio!