As your income grows, let your SIP grow too.Step-up SIP calculator: raise your SIP a little every year.

How to use the step-up SIP calculator

1. Enter the monthly amount you can start with today.
2. Choose a yearly step-up, from 0% to 25%. For example, 10% means a ₹5,000 SIP becomes ₹5,500 in the second year.
3. Choose the number of years and an expected return a year, then compare the result with a flat SIP.

How to read your result

You’ll see the amount invested, estimated returns and total value, plus how much more you could end up with than a flat SIP of the same starting amount.

For example, ₹5,000 a month for 10 years at an assumed 12% a year comes to about ₹11.6 lakh as a flat SIP. With a 10% step-up each year, you invest about ₹9.6 lakh in all and the total comes to about ₹17 lakh. Part of the extra comes from investing more, and part from that extra money compounding too.

Pick a step-up you can keep up comfortably. Many people match it to their yearly raise or business growth; 5% to 10% is common. All numbers are illustrations, and mutual fund returns are market-linked. Learn more on our mutual funds and SIP page.

How the step-up SIP calculator works

Your SIP stays the same for 12 months, then rises by the step-up percentage, once a year. Each monthly instalment keeps growing at the monthly rate until the end. P is the starting monthly amount, s is the yearly step-up, k is the year number and i is the yearly rate divided by 12. The total adds up the value of every instalment.

SIP in year k = P × (1 + s)^(k − 1); Total value = sum of (each instalment × (1 + i)^months invested)