STEP UP SIP CALCULATOR



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Total Future Value

Number of Payments

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Total Returns:
Total Investment:
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What is Toolerz Step-up SIP Calculator?

Toolerz Step Up SIP Calculator is a free online tool that can help you calculate the future returns of your SIP Investments if you increase your SIP Investment by a certain percentage on a regular periods.

A Systematic Investment Plan (SIP) is a method of investing in mutual funds where we invest a fixed amount regularly, typically every month.

The idea behind SIP is to enable disciplined and regular investing, allowing investors to take advantage of rupee cost averaging and benefit from the power of compounding over the long term.

A "Step-Up SIP Investment" refers to a SIP in which the investor increases the amount of their investment at regular intervals.

Instead of investing a fixed amount every month throughout the investment period, in a step-up SIP, the investor starts with a lower amount and gradually increases the investment amount at predefined intervals.

For example, you might start with a SIP Investment of Rs. 5,000/- per month and then decide to increase it by Rs. 1,000 every six months.

Calculate your SIP Investment Returns Here.

Various banks are offering SIP Plans with different rates of returns.

Calculate your SIP Returns from various banks here.

This step-up approach allows investors to align their investments with their changing financial situations and income levels. It can be particularly useful for individuals who expect their income to increase over time.

The advantages of step-up SIP include the flexibility to adapt to changing financial circumstances, the potential to increase savings as income grows, and the ability to take advantage of compounding more effectively.

However, it's essential to carefully consider one's financial goals, risk tolerance, and cash flow before opting for a step-up SIP Investment Plan.

How to Calculate Step-Up SIP Returns in Toolerz

Calculating estimated returns in the Toolerz Step-up SIP Calculator is very easy and also free to use. You just follow the below steps to calculate your returns from Steup-up SIP investment.

Step-1: Visit Toolerz website www.toolerz.com

Step-2: Search for "Step Up SIP Calculator" on the search bar (as shown in the below image)

Step up SIP Calculator

Step-3: Enter the input values like "Monthly Investment Amount", "Annual Interest Rate", "Tenure", and "Step-up Percentage", and hit the Calculate button.

Step up SIP Calculator SBI

Step-4: Your returns will be calculated and displayed on the screen.

Formula to Calculate Step-up SIP Returns

The step-up SIP is a variation where the investor increases the investment amount periodically in SIP Plans.

There is no standard formula universally recognized as the "step-up SIP calculator formula" because different financial institutions or calculators may use different versions.

However, a general approach to calculating the future value of step-up SIP involves the basic compound interest formula.

The future value (FV) of a series of cash flows in a step-up SIP can be calculated using the formula:

Step up SIP Calculator Formula

Please note that this is a simplified formula, and in reality, the actual calculation may involve additional factors like the compounding frequency, time intervals, and any fees or loads associated with the investment.

How to Calculate Step-Up SIP Returns in Excel Sheet

Creating a step-up SIP calculator in Excel involves setting up a table and using Excel formulas. Below is a simple example to get you started.

Let us assume the fixed compounding frequency (monthly), and you can modify it based on your specific requirements.

Let's assume you have the following information:

Initial Investment (P): Rs. 1,000/-
Monthly Contribution Increase Rate: 5%
Number of Months: 12
Annual Interest Rate: 8%


Here's how you can set up the Excel sheet:

Column A: Month Number
Column B: Monthly Contribution
Column C: Total Investment at the end of each month
Column D: Interest Earned at the end of each month
Column E: Total Value at the end of each month


Now, in cell A2, put the initial month number (let's say 1).

In cell B2, put the initial investment amount (e.g., Rs. 1,000).

In cell C2, put the formula for the total investment at the end of each month:

Copy the following codes into an Excel sheet

Code: C2 + B2

In cell D2, put the formula for the interest earned at the end of each month:

Code: (C2 + B2) * (8%/12)

In cell E2, put the formula for the total value at the end of each month:

Code: C2 + B2 + D2

Now, copy these formulas down for the number of months you want to calculate (e.g., copy and paste from A2 to E13 for 12 months).

In cell B3, put the formula for the monthly contribution with a 5% increase:

Code: B2 * (1 + 5%)

Again, copy this formula down for the number of months.

Now, you can see how the investment grows with the increasing monthly contributions. Adjust the values and formulas according to your specific scenario.