FAQs
How can a step-up SIP calculator online help you?
In the case of many individuals, they don't have the required amount to start a SIP. In such cases, they can start a SIP with whatever amount they have.
As their income increases, they can increase the SIP amount every year by a specified amount or percentage.
An online calculator can help calculate the amount you will accumulate with a step-up SIP.
You can experiment with the step-up SIP calculator to understand the percentage by which you will need to increase your monthly SIP every year to reach your financial goals. The step-up SIP calculator will tell you whether you need to increase the monthly SIP every year by 5% or 10% or any other percentage to reach your financial goal.
You can experiment with the step-up SIP calculator to understand the percentage by which you will need to increase your monthly SIP every year to reach your financial goals. The step-up SIP calculator will tell you whether you need to increase the monthly SIP every year by 5% or 10% or any other percentage to reach your financial goal.
How to use the Glide Invest step-up SIP calculator?
The Glide Invest step-up SIP calculator tells you the amount that you will accumulate based on the following inputs:
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Initial monthly investment:
It is the initial monthly amount you will get started with for the first year. Every month this amount will be auto-debited from your bank account. The fund house will credit an equivalent amount of units in your folio account. -
Annual step-up in SIP investment:
It is the percentage by which you will increase your monthly SIP amount every year. The higher the annual percentage increase in the monthly SIP amount, the faster you will reach your financial goal. -
Investment period:
It is the investment time horizon for which you will be investing. The longer the investment time horizon, the higher the amount you will accumulate. A longer investment time horizon lets you benefit from the power of compounding. -
Expected rate of return:
It is the return that you expect from your investment. The higher the expected rate of return, the higher the amount that you will accumulate. Based on the financial product you are investing in, whether equity, balanced or debt mutual fund, your expected rate of return should be realistic.
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