Step-up SIP: How does it help investors in building wealth over the years

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Step-up SIP: How does it help investors in building wealth over the years - Business Standard

Quick Summary:

Let us take the scenario of investing Rs 10,000 for 20 years as a flat amount vs investing with a 10 per cent rise in SIP amount every year.

Step-up SIPs yield greater benefits over longer investment periods.

With equity market return assumption at 10 per cent, approximately 80 per cent more wealth would be created in absolute terms,” said Gang.“Thus it is best to keep adding exposure to equity markets systematically and stay invested and for long periods.