MF SIPs
SIP Cancellation, Modification and more
Yes. You can set up SIP Plus so your SIP amount increases every year.
While setting up SIP Plus, choose the step-up frequency as yearly (every 12 instalments) and enter the amount you want to increase.
If you want your SIP to increase by 10% every year, simply calculate 10% of your SIP amount and enter that as the step-up amount.
Example:
If your SIP is ₹5,000, then 10% = ₹500.
You can set the step-up amount as ₹500 every 12 instalments (yearly).
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