What is a Step-Up SIP Calculator?

As the name implies, a Step-Up SIP Calculator allows one to increase the amount invested as SIPs over time so as to project the future worth of SIP investments. A step-up SIP calculator, unlike the normal SIP calculator where one is required to make similar investments every month, allows for periodic changes in the investment amounts. This also helps them understand how much they can expect their SIP to increase due to potential salary increments.

Benefits of Using Step-Up SIP Calculator

Sound Planning: The incremental nature of the calculator allows such growth based targets to be incorporated into the investment plans and hence give direction on how much to invest.

Bigger Returns: Instead of putting the same SIP amount every month, this method allows high levels of investments to begin from a lower base thus elongating the period of compounded interest and yielding great returns.

Investing Discipline: People usually lack discipline for maintaining their investment discipline for a long time. This method assists such people as it has scheduled planned increments of investments over time.

Versatility: Most Step Up SIP a p calculator allows you to vary the period and the percentage of the increase of the investment in a given time, thus perfecting the plan on the basis of change in income capacity.

This strategic approach provides plenty of peace of mind, showing how reasonable and relatively slow you can expect your investments to grow over a long time and how this in turn helps in planning for large objects like retirement or getting kids education.