A step-up SIP increases your monthly amount automatically every year, by a fixed sum or a percentage. ₹10,000 stepping up 10 percent a year becomes ₹11,000 next year, ₹12,100 the year after, and so on.
It works because your income usually rises over time while your SIP stays frozen at the number you chose years ago. Stepping up keeps your investing in step with your earning, and because the increases compound on top of the compounding, the final difference is large.
₹10,000 flat for twenty years at 12 percent is about ₹1 crore. The same SIP stepped up 10 percent a year is about ₹2 crore. Same start, same fund, same time. The only change is that the SIP grew with you.
Raise your SIP every year your salary rises. The step-up is where the second crore comes from.
Understanding your portfolio
Your Hive portfolio is built as a whole, not as a list. The Growth sleeve carries the long-term return, the Balance sleeve smooths the ride, the Safety sleeve is money you can reach within days, and the Shield sleeve holds gold and metals that tend to move when shares do not. The weights follow your Hive. Crowwd's look-through shows every company you hold across all your funds, where two funds overlap, and where your mix has drifted from the Hive. When a fund stops earning its place on the shelf, you see the proposed change and the reason before anything moves, and you approve every switch.