Step Up SIP Calculator : Systematic Investment Plan (SIP) is a popular investment option in Mutual Funds, in which a fixed amount is invested on a monthly basis. In this, an amount is fixed, which is deducted from your account on a fixed date. However, there is also a facility of top up in this. That is, if your income is increasing in the coming days, then you also get the facility to increase your SIP amount. The most popular in this is to top up your SIP by a fixed amount or fixed percentage every year. This is called Top-Up SIP or Step-Up SIP. In this option of investment, you can get many times more benefits through normal SIP.
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An easy way to achieve your biggest financial goals
With top-up SIP, you can achieve your biggest financial targets. You must have seen examples of how big races are won by starting with small steps and then accelerating them in competitions like long distance running or marathon. Long distance running is started with small steps and low speed and it is gradually increased. By applying the same strategy in investments and savings, you can achieve your biggest financial goals. Top-up SIP means starting with a small amount and increasing the SIP amount by a fixed amount every year.
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SIP Top Up Calculation
Monthly SIP: Rs 15,000
Return Estimate: 12% p.a.
Top up every year : 10%
SIP top up value after 7 years: Rs 25,64,291
SIP top up value after 10 years: Rs 50,61,489
SIP top up value after 12 years: Rs 75,36,512
SIP top up value after 14 years: Rs 1,05,15,410
SIP top up value after 15 years: Rs 1,25,10,223
SIP top up value after 16 years: Rs 1,50,17,707
SIP top up value after 17 years: Rs 1,74,82,715
SIP top up value after 18 years: Rs 2,05,56,212
Growth will be faster after 18 years
SIP top up value after 19 years: Rs 2,40,96,085
SIP top up value after 20 years: Rs 2,81,68,057
SIP top up value after 21 years: Rs 3,18,46,711
SIP top up value after 22 years: Rs 3,82,16,651
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How to top up SIP?
In Systematic Investment Plan (SIP), instead of investing your money in a mutual fund scheme at once, you invest it on a monthly basis. Increasing this amount by a fixed percentage every year is called Top-up SIP. For example, if you started investing with a monthly SIP of Rs 10,000 and Rs 10,000 kept getting deposited in the scheme every month for 1 year. In the 13th month, for the entire year (13 to 24 months), you chose the option of increasing this amount by 10 percent. In such a situation, from the 13th month, instead of Rs 10,000, Rs 11,000 will be deposited monthly. Then in the 25th month, i.e. after the completion of 2 years, you again increased 10 percent of Rs 11000 for investment. In Top-up SIP, such increase is done every year.
(Note: We are not advising you to invest in mutual funds here. Here is some information based on the SIP calculator. There are risks in the market, so consult an expert before investing.)
