Step-Up SIPs: The Game-Changer for Building a Rs 10 Crore Corpus

• Step-Up SIPs automatically increase investment amounts annually, aligning with income growth and outpacing inflation, unlike fixed SIPs.
• They accelerate corpus building, making them ideal for ambitious goals like retirement or education funding.
• A Rs 10,000 monthly SIP with a 10% annual step-up can grow to over Rs 11 crore in 30 years, largely due to compounding.
• Ideal for salaried professionals, young earners, and those planning long-term goals whose income grows over time.
• Challenges include maintaining increased payments if income doesn't rise proportionally or unexpected expenses occur.

Why It Matters: Step-Up SIPs significantly boost wealth by automatically increasing investments with rising income.