India, Oct. 6 -- A traditional Systematic Investment Plan (SIP) involves investing a fixed amount at regular intervals (usually monthly) in mutual fund schemes. Many people stick with this flat amount for years, which does help in building wealth over the long term. However, it is also true that your salary and expenses rarely stay the same year after year. This is where a step-up SIP brings a critical twist.

A step-up SIP lets you increase your investment amount at set intervals, often yearly. This approach makes it easier to offset the impact of inflation on your savings, leverage salary hikes, build a larger corpus faster, and, most importantly, retire early. A step-up SIP calculator gives you the insight needed to make the most of th...