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June 14, 2026
The Dispatch

Definition

Step-up SIP

A step-up SIP automatically increases your periodic investment amount at set intervals, aligning contributions with rising income and accelerating wealth accumulation.

A step-up (or top-up) SIP raises your SIP instalment periodically — for example, by a fixed percentage or amount each year — so your investing grows in step with salary increments and inflation.

Increasing contributions over time can substantially boost the final corpus compared with a flat SIP, since the additional amounts also compound. It automates the discipline of investing more as you earn more.

It suits salaried investors whose income rises annually and who want their savings rate to keep pace, helping reach long-term goals faster without manual intervention.

Related terms

  • Index FundAn index fund is a passively managed mutual fund that aims to replicate the performance of a market index by holding the same securities in the same proportions, at low cost.
  • ELSSAn Equity Linked Savings Scheme is a tax-saving equity mutual fund that qualifies for Section 80C deduction and has the shortest lock-in among 80C options, at three years.
  • SIP (Systematic Investment Plan)A Systematic Investment Plan is a method of investing a fixed amount in a mutual fund at regular intervals, averaging the purchase cost and instilling investing discipline.

Plain-English explainer from The Dispatch Investors Encyclopedia. General information, not financial advice.