Investments have to be increased over time, as your income increases. A step-up sip is an automated feature that will increase your SIP contributions after a specific period. For example, if you are investing 10,000 every month and choose to set up a 10% step-up, your SIP amount will be Rs 11000 in year 2, Rs 12100 in year 3, and so on.
So let us know by how much will you like to step up your SIP amount?
- Will not like to step-up
- 5% every year
- 10% every year
- 15% every year