Does the Step-Up SIP Calculator give accurate results?

While the calculation done by the calculator is error-free, the results are dependent on the inputs by the user, so the results are estimates that may not exactly match real-life scenario.

Does the Step-Up SIP calculator consider tax benefits of the investment?

No, the step-up SIP calculator does not consider the tax benefits or taxes accrued on the investment made. This is a key limitation of the Step-up SIP calculator.

What is the key difference between a regular SIP and a Step-up SIP?

While both are systematic investments, there is one key difference. In a regular SIP, the monthly SIP amount does not change with time, but in a Step-up SIP, the monthly SIP amount increases periodically, usually on an annual basis.

Is there any limit on the number of times that one can the step-up SIP calculator?

No, you can use this calculator an unlimited number of times with different inputs without any restrictions and at no cost whatsoever.

Step Up SIP Calculator

The Step-up SIP calculator is a free online tool that can help you estimate the corpus you can create via a step-up SIP.

Monthly Investment

25k

Annual stepup %

Expected return rate %

Investment period

You Get

	Without Stepup	With Stepup
Invested amount	₹ 30.00 Lakhs	₹ 34.39 Lakhs
Interest earned	₹ 28.08 Lakhs	₹ 30.32 Lakhs
Maturity amount	₹ 58.08 Lakhs	₹ 64.71 Lakhs
Extra corpus created With Step up ₹ 6.62 Lakhs

Note: Compounding is occurring on annual basis.

Did you know?

Increasing SIPs annually could boost returns by upto 40% in 10 years.

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What is a Step Up SIP?

Step-up SIP can be defined as type of systematic investment where the investment amount increases with time. Compared to standard SIPs, a Step Up SIP is an attractive variant which allows one to increase the investment amount with time usually in line with an increase in income.

What an SIP is and how it works is pretty straightforward - you invest a fixed amount of money on a regular basis till a specified end-date. Step Up SIP allows you to increase the investment amount as per your preferred timing and top-up on the initial investment amount. Now, let’s understand what is a Step-Up SIP Calculator is in the following section

What is the Step Up SIP Calculator?

Step Up SIP Calculator is a free online tool that can help investors determine the estimated returns based on a specific growth rate of the SIP investment with time. What’s more, this calculator also immediately shows the difference in corpus between a step-up SIP and a standard SIP. One can use this calculator multiple times and in different combinations to determine the investment amount and the step-up amount that will be required to reach the desired financial goal.

How Does the SIP Calculator Work?

A Step-Up SIP calculator uses 4 factors - the monthly investment amount, the annual increase or step up expressed as a percentage value, time period of the investment and expected rate of return on the investment. All these fields can be filled in by the user. Once these 4 fields have been input, the calculator immediately shows the corpus created by the step-up SIP as well as the difference in corpus versus a standard SIP with the same starting investment amount

So, using this tool, you can gauge the increment you’d like to make in your investment amount and the corresponding incremental returns on the basis of your investment ability. The Step-up SIP calculator, is in fact just a variation of the popular SIP calculator and you can use it if you are interested in increasing your investment amount of your SIP over the investment tenure.

How to Use the Online Free Step-Up SIP Calculator?

In order to use the Step-up SIP Calculator, you need to enter 4 key details into the calculator:

1. Monthly Investment – This is the amount you plan to invest every month

2. Annual Step-up % - This is the percentage by which you plan to increase your investment every year.

3. Expected Return Rate % - This is the return you expect from your investment.

4. Investment Period – This is the period of time for which you plan to make your investment.

Once you have made your inputs, the Step-up SIP calculator automatically provides the below output:

1. Total Investment Amount – This is the total amount invested with step-up and without step-up

2. Returns Earned – These are the returns earned from the investment with step-up and without step-up

3. Amount – This is the total value of your investment at the end of the investment tenure with a standard SIP and a Step-Up SIP.

4. Extra Corpus Created – This is the difference between returns of a Step-up SIP vs standard SIP based on the input provided by the user.

One should keep in mind that the output provided by the Step-up SIP calculator is based on user inputs so, the output is liable to change whenever the user changes any of the input fields. So, the output generated are just estimates and there is no guarantee that the output data will match a real-life investment scenario.

Benefits of Using a Step-Up SIP Calculator

Key Benefits of using a step-up SIP calculator include:

1. Increases financial awareness regarding both SIP and step-up SIP investment

2. Helps in informed decision-making with respect to investments

3. Aids investors in setting achievable and realistic investment goals

4. Provides a basis of comparison between two popular long-term investment strategies

5. Eliminates the need to carry out tedious error-prone calculations by providing immediate results

6. Saves time on the part of prospective investors seeking to figure out how much they can invest

7. In view of these benefits, it is definitely a good idea to use this free online tool to aid your long-term investment decision.

Different Types of SIP

Now that we’ve understood all about the SIP calculator as well as the Step Up SIP Calculator, it’s time we dig deeper into the types of SIP so that we can choose what suits us best and then use a fitting SIP calculator for predicting future SIP returns.

The following are the different types of SIP available for investors to choose from:

Regular SIP: A fixed amount of money is invested every month till the maturity date of the plan.

Step-Up SIP: An automatic annual increase of the investment amount is offered.

Top-Up SIP: Similar to Step Up SIP, offers the option to increase the investment amount but not automatically. Investor can choose an increase for a specific period and repeat it n number of times.

Flexible SIP: A flexible option to alter your monthly investment amount basis your preference.

Trigger SIP: When there’s a dip in market or any other favourable change in the market conditions, investors can choose to invest a specific amount of money.

Perpetual SIP: An option to keep your SIP ongoing indefinitely until you manually redeem the funds from your SIP.

Step-Up SIP Calculator FAQ's

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