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A Step Up SIP (Systematic Investment Plan) Calculator is a tool that helps investors plan and project the growth of their investments by allowing them to gradually increase their SIP contributions over time. Here's how it works:
By using this calculator, you can see how your investment grows over time with the stepped-up contributions, helping you achieve your financial goals more effectively.
You start by investing a fixed amount regularly (e.g., monthly) into a mutual fund.
Each year, you increase your investment by a specified percentage. For example, if you start with ₹5,000 per month and decide to increase it by 10% annually, your contribution in the second year would be ₹5,500 per month.
The calculator uses the expected rate of return on the mutual fund to estimate the future value of your investment.
You can set the duration for your investment (e.g., 5 years, 10 years).
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