India, June 26 -- For new and seasoned mutual fund investors alike, a Systematic Investment Plan (SIP) is one of the most accessible and consistent ways to build long-term wealth. By investing a fixed amount regularly, SIPs harness the benefits of rupee-cost averaging and the power of compounding, making them an ideal choice for those seeking disciplined financial growth.

However, as an individual's income increases over time, a fixed SIP may no longer be the most optimal route. This is where the step-up SIP strategy offers a more dynamic alternative. It enables investors to increase their investment contributions periodically in line with their income growth and life goals.

What is a step-up SIP?

A step-up SIP allows investors to auto...