Step-Up SIP Calculator
Understanding Step-Up SIP
A step-up SIP calculator helps you determine the future value of regular investments that increase at a fixed rate over time, considering an expected rate of return.
Key Concepts:
- Initial Monthly Investment: The amount invested initially each month.
- Investment Period: The total duration over which you will invest, usually expressed in years.
- Expected Return: The annual rate of return you anticipate from your investments, typically represented as a percentage.
- Step-Up Rate: The annual rate at which your monthly investment amount will increase, typically represented as a percentage.
How it Works:
The calculator estimates the future value of your monthly investments, factoring in the compounded returns and the annual increase in your investment amount over the investment period.