How Step-Up SIPs Can Enhance Wealth Building and Retirement Planning

Step-up or Top-up Systematic Investment Plans (SIPs) allow investors to automatically increase their monthly contributions periodically, often aligning with salary growth. This approach helps investments keep pace with inflation and accelerates wealth accumulation, potentially enabling earlier achievement of financial goals like retirement or home purchase. Experts highlight that increasing SIP contributions over time shares the growth burden between returns and savings, offering a more realistic path to building a larger corpus compared to fixed SIPs.