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What is step-up SIP, and how can it be set on Coin web?

A step-up SIP is an automatic increase in the SIP amount by a predefined percentage.

Example Scenario

A SIP of ₹10,000 is made this year. A 10% step-up would mean that the SIP amount for the next year will increase to ₹11,000 (10% of ₹10,000 = ₹1000) and ₹12,100 (10% of ₹11,000 = ₹1,100) the following year.

To create a SIP with the step-up option, follow these steps:

  1. Select the mutual fund and click on SIP.
  2. Click on the check box for Automatic step-up (optional) .
  3. Click on Increment percentage to select the percentage by which the SIP should increase.
  4. Select the date under Choose date.
  5. Click on Create SIP.


To enable step-up on existing SIPs, follow these steps:

  1. Select the mutual fund scheme and click on Modify .
  2. Click on the check box for Automatic step-up (optional) .
  3. Click on Increment percentage to select the percentage by which the SIP should increase.
  4. Select the date from Choose date .
  5. Click on Update SIP and then on Confirm .

Did you know?

  • The step-up percentage multiple varies from scheme to scheme because each scheme has a unique additional purchase amount multiple.
  • An email is sent when the step-up SIP is triggered.
  • While modifying a SIP, the automatic step-up option can be selected and unselected at anytime.
  • Funds in the Zerodha account cannot be used for mutual fund investments. See How to complete payments for the purchase orders on Coin?
  • AMC SIP schemes cannot be created as a step-up SIP as the SIP for these schemes cannot be modified.