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Aditya Birla Sun Life AMC Limited

Aditya Birla Sun Life AMC Limited

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    Aditya Birla Sun Life AMC Limited

    Step up SIP Calculator
    Calculate how an increasing SIP amount can help reach your goals faster
    Min 500
    Max 10L
    ₹
    1 Year
    50 Years
    Min 1%
    Max 25%
    %
    Min 4%
    Max 50%
    %
    Step Up SIP at 
    1 %
    With Step Up
    • Total Invested Amount
      ₹ 6,000
    • Total Investment Value
      ₹ 520
    Fixed SIP
    Without Step Up
    • Total Invested Amount
      ₹ 6,000
    • Total Investment Value
      ₹ 520
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    Note: Returns are neither assured nor guaranteed. There is no warranty about the accuracy of the calculator. Please consult your financial advisors before taking any investment related decisions.

    Step-up SIP Calculator

    Optimize investment growth with our Step-Up SIP Calculator. Plan and project return on your increasing investment amounts over time. Simplify the process of calculating returns from a Step-Up SIP with our dedicated Step-Up SIP Calculator.

    What is Step-up SIP?

    A systematic investment plan (SIP) is a popular way to invest in mutual fund schemes. When you start an SIP, a predetermined amount is invested in your chosen fund at regular intervals. It is an excellent way to build a disciplined habit of regular savings. SIPs offer dual advantage of rupee cost averaging due to market volatility and power of compounding.

    Additionally, you have the option of annually increasing the SIP amount wherein the installment can be increased by a certain percentage each year. After a few years, keeping track of your investments may become tedious and complex and manually estimating the potential returns may be nearly impossible.

    A step-up SIP calculator can be beneficial in this situation.

    What is Step up SIP Calculator?

    Step up SIP calculator is an online tool which helps calculate future value of your SIP investments if you increase your SIP by a certain percentage periodically.

    Step up calculator helps in estimating the potential returns on your step-up SIP. It automatically accommodates the annual percentage increase in the SIP amount during the investment period. In a few seconds, the calculator will provide an estimated value of your investment at the end of the time duration.

    How to use Step-up SIP Calculator?

    Using the step-up SIP calculator is very simple and you can see the estimated returns in a few simple steps as mentioned below:

    • • Input the monthly SIP contribution

    • • Enter the investment tenure

    • • Provide the estimated rate of return expected from your investment

    • • Fill in the annual percentage increase in the monthly SIP contribution

    The final result will show the total amount invested during the investment tenure and the value at the end of this duration. The calculator will also show the investment value at the end of the duration if you do not opt for the step-up option.

    For example, assume you invest INR 5000 per month for a period of five years with an expected return of 12%. The invested amount without a step-up option is INR 3,00,000 and the value is INR 4,12,432. In comparison, the invested amount with a 10% annual increase in the SIP contribution is INR 3,66,306 and its estimated value is INR 4,92,285.

    Benefits of Using Step-up SIP Calculator

    Some of the benefits of using step-up SIP calculator include:

    Estimating returns: The calculator allows you to estimate the potential returns before investing as modifying the SIP is not allowed, which ensures you make informed decisions.

    User-friendly: The online tool is very simple and user-friendly and requires just a few basic inputs to calculate the potential returns.

    Time saving: Manual computation of the potential returns on step-up SIP is cumbersome and complex; the online calculator does the calculation in a few seconds that saves your time and effort.

    Easy accessibility: You can easily access the calculator from anywhere at any time and it is free to use without any limitation, allowing you to test multiple scenarios.

    Frequently Asked Questions

    In what frequency is the Step-up SIP available?

    Monthly SIPs can be stepped-up either annually or semi-annually. Only annual step-up is available for quarterly SIPs.

    Can I miss the payment of step-up SIP?

    Yes, you may miss the payment of a step-up SIP if the chosen scheme offers the facility to temporarily pause the investment.

    Why is step-up necessary?

    SIPs offer the power of compounding, which means the returns earned on the capital earn additional income that helps to accumulate wealth. When you choose to regularly increase the SIP amount, it helps in further wealth creation. Moreover, as income increases it is important to enhance your savings and step-up SIP is an excellent way to do this.

    Which schemes are available under Step-up SIP facility?

    Generally, Step-up SIP facility is available for all mutual fund schemes that allow investors to invest via a systematic investment plan.

    How is Step-up SIP different from conventional SIP?

    When you choose conventional SIP, there is no option to periodically increase the contribution amount during the investment tenure. To make additional investments, you need to establish a new SIP. This is when Step-up SIP is beneficial as it allows you to increase the instalment by a certain percentage at regular intervals. This ensures you are able to accumulate wealth and meet your financial goals in the long term without difficulties.

    When can I start the step-up SIP?

    You must choose the option of step-up SIP at the time of establishing the same. Modifying the SIP to a step-up SIP during the investment tenure is difficult. You can also cancel the step-up SIP; you need to cancel the original SIP and restart a new SIP as per your preference. In case of liquidity crisis, you may pause the SIP for a period of up to three months.

    Can an investor step up an existing SIP?

    If an investor wants to step up an existing SIP, they need to cancel the existing SIP and then enroll for a new SIP and choose the step-up option.

    Mutual Fund investments are subject to market risks, read all scheme related documents carefully.