New Delhi, April 13 -- SIP investments are designed to provide a secondary income to investors, while giving them a safety net to fall back to if a financial crisis ever occurs. They also provide you enough financial power after your retirement if you invest in SIPs diligently.

While starting your SIP investment journey early is a milestone in itself, making the same amount of investment every year may not make you maximise your gains to the full potential. According to CA Nitin Kaushik, who posted on X regarding the same, an annual SIP step-up is the only way to make your investments.

Let us see how step-up in SIP works, as per the CA's example.

"An annual 10% STEP-UP is the only mathematical savior for a small SIP," CA Nitin Kaushik ...