India, May 15 -- When investing in mutual funds, a step-up Systematic Investment Plan (SIP) is an excellent and convenient way to boost your returns in the long run. Unlike a regular SIP, a step-up SIP allows you to increase your investment amount annually, helping you stay aligned with your growing income and long-term financial goals.

This approach not only encourages financial discipline but also helps counter the effects of inflation. In this article, we'll explore how a step-up SIP works and how you can use a step-up SIP calculator to optimise your investment journey.

What is a step-up SIP?

A step-up SIP is a variation of the traditional SIP where you begin with a modest investment and gradually increase the amount each year. This...