Step Up SIP Calculator

Bajaj Finserv Step Up SIP Calculator is a tool that helps you estimate the returns on your SIP investments if you increase your SIP by a certain percentage on a regular basis.
Step Up SIP Calculator
Step Up SIP Calculator
Investment Amount (in rupees)
Annual Step Up Amount (in percentage) Cross Button
Annual Step Up Amount (in rupees)

Enter the amount by which you want to increase your SIP investment annually in the ‘Annual Step Up Amount’ field.

Expected Returns (in %)
Tenure (in years)
Disclaimer

Mutual Fund SIP calculator may provide potential investors an approximate estimate on the maturity amount of the monthly SIP, purely based on mathematical calculation of the projected annual return rate selected by investor. However, such calculation does not factor the actual performance by the Asset Management Company (AMC) and should not be treated as any advice or assurance about the actual return of investment. Mutual Funds do not have a fixed rate of return and it is not possible to predict the rate of return. Please note that the SIP calculator are for illustrations only and do not represent actual returns which may vary depending on various factors including but not limited to actual performance, expense ratio, taxation, exit load (if any), etc.

Annual Step Up Amount (in rupees) Cross Button

Enter the amount by which you want to increase your SIP investment annually in the ‘Annual Step Up Amount’ field.

Estimated Returns

Rs. 12,72,341


Total Investment

Total Value

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Returns (by years)
Graph
Table
Estimated Returns
Invested Amount
Returns (by years) cross-icon
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Disclaimer

Mutual Fund SIP calculator may provide potential investors an approximate estimate on the maturity amount of the monthly SIP, purely based on mathematical calculation of the projected annual return rate selected by investor. However, such calculation does not factor the actual performance by the Asset Management Company (AMC) and should not be treated as any advice or assurance about the actual return of investment. Mutual Funds do not have a fixed rate of return and it is not possible to predict the rate of return. Please note that the SIP calculator are for illustrations only and do not represent actual returns which may vary depending on various factors including but not limited to actual performance, expense ratio, taxation, exit load (if any), etc.

6 mins
25 November 2023

What is a step up SIP calculator?

The step up SIP calculator is a tool that helps you estimate the growth of your systematic investment plan investment. It is designed to calculate the future worth of your SIP investments if you increase your SIP by a certain percentage on a regular basis.

Why Step Up SIP?

A systematic investment plan, commonly known as SIP, is a proven strategy to grow your wealth through regular investments. However, by embracing the step up SIP approach, you can potentially unlock even greater wealth-building opportunities. This method involves periodically increasing your SIP contributions, aligning your investments with your growing income.

Step up SIP offers several compelling advantages. Firstly, it leverages the power of compounding, where your investments generate returns, leading to accelerated wealth creation. By consistently raising your investment amount, you supercharge the compounding effect, potentially yielding substantial long-term gains.

Secondly, as your income expands with time, your savings should evolve proportionately. Step up SIP empowers you to adapt your investments in line with your financial growth. This ensures that you make the most of your increased earning potential and continue building a robust financial future.

In summary, Step up SIP offers a dynamic approach to wealth accumulation, harnessing the compounding phenomenon and aligning your investments with your expanding income, setting you on a path to achieve your financial goals more effectively.

How does step up SIP calculator help you?

If you wish to raise your investment every year, you may use this calculator to calculate returns. The calculator will display the total investment amount, estimated returns, the total value,The step up SIP calculator can be an advantage to the investor to know how your savings increase and tend to create long-term wealth. It is also a source to build towards financial goals and objectives. An investor can identify whether the investment is the right choice for them with instant calculations.

How does the step-up SIP calculator work?

The step up SIP Calculator is a tool that helps you calculate the future worth of your step up SIP investments, step up is when you increase your SIP amount by a certain percentage on a regular basis. The calculator uses a formula that takes into account the following factors:

  • Your investment amount
  • The annual step up amount
  • The expected rate of return
  • The tenure of the investment

Once you enter the required details into the calculator, you can easily obtain the end amount. The calculator will display the estimated returns, total investment amount and the total value of your investment.

How to use Bajaj Finserv Step Up SIP Calculator?

Calculating returns on your Systematic Investment Plan (SIP) using the Step Up SIP Calculator is a very easy. You just need to follow these simple steps:

  1. Step 1: Enter the “Investment Amount (in rupees)”.
  2. Step 2: Enter the “Annual Step Up Amount (in rupees)”.
  3. Step 3: Enter the “Expected Return (in %)”.
  4. Step 4: Enter the “Tenure (in years)”.

Once you have filled out all the fields, the calculator will automatically display the results.

The results includes:

  • The estimated returns
  • Total value of your investment
  • Total investment amount
  • A returns table and returns graph

Advantages of using step up SIP calculator

The step up SIP Calculator has several benefits:

  • Firstly, it allows you to estimate your estimated returns and total value of your investment.
  • Secondly, it is easy and simple to use.
  • Thirdly, it is free of cost and can be accessed from anywhere at any time.
  • Lastly, you do not need to seek assistance with the digital tool.

Frequently Asked Questions

In what frequency is the step up SIP available?

The step up SIP calculator takes “annually” as the step up frequency.

Can I convert my SIP into step up SIP?

Yes, you can easily step up an existing SIP, adjusting the contribution amount periodically to align with your evolving financial objectives.

How is Step Up SIP different from the conventional SIP?

Step up SIP differs from a conventional SIP by enabling you to increase your investment amount over time, allowing you to grow your savings faster and adapt to changing financial circumstances.

What is the benefit of SIP investment?

The key benefit of SIP investment is the disciplined approach it offers, helping you accumulate wealth over time by regularly investing small amounts. It also minimises the impact of market volatility through rupee-cost averaging. Rupee-cost averaging is a strategy of investing a fixed amount of money at regular intervals to average out the price at which you purchase units of a mutual fund, which helps to maximise returns and balance out the cost of investment by buying during both falling and rising markets.

Is the step up SIP Calculator beneficial?

Yes, the step up SIP calculator helps investors plan and visualise the potential growth of their SIP investments over time, considering incremental increases in investment amounts.

What are the disadvantages of step up SIP?

Disadvantages of step up SIPs include the potential for increased investment risk due to higher contributions over time, the need for consistent income growth to sustain step-up amounts, and the possibility of overcommitting financially.

Which is better SIP or step up SIP?

The choice between SIP and step up SIP depends on individual financial goals and preferences. SIPs offer consistent investment amounts, while step-up SIPs provide flexibility to increase contributions gradually, catering to evolving financial needs and aspirations.

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