Step-Up SIP: Small Increases, Big Wealth Growth
Small Change, Big Divergence: How SIP Step-Ups Can Accelerate Your Wealth Smart investors know that wealth creation isn’t about timing the market, but time in the market. And when it comes to building a strong financial future, Systematic Investment Plans (SIPs) are one of the most powerful tools at your disposal. But here's the game-changer: while consistency in SIP pays, stepping up your SIP annually accelerates your financial growth exponentially. 🚀 What is SIP Step-Up? A SIP step-up allows you to automatically increase your SIP contribution every year by a fixed percentage. For instance, if you start with ₹15,000 per month and opt for a 10% step-up, your SIP will become ₹16,500 in the second year, ₹18,150 in the third year, and so on. This simple strategy uses two key financial principles to your advantage: Power of compounding Rising income levels over time 📊 Real Numbers, Real Growth Let’s take an example (as shown in the above image): Step-Up Rate ...
