India, Sept. 1 -- Investing in mutual funds on a regular basis via Systematic Investment Plans (SIPs) is one of the smartest ways to create wealth over the long term. But what if you could slowly increase your SIP amount every year as your income grows? That is what step-up SIP help you do.

Instead of investing a fixed amount each month, a step-up SIP allows you to increase your SIP amount annually, helping you invest more without feeling the pinch. The best part? You do not need to do manual calculations. A step-up SIP calculator does all the heavy lifting and shows how this smart move boosts your long-term returns.

Let's understand how it works and why it matters.

What is a step-up SIP?

A step-up SIP lets you increase your monthly i...