How to set up SIP top-up on a PPFAS scheme

Sun, 17 May 2026 00:00:00 +0000

An SIP top-up (industry parlance: step-up SIP) automatically raises the SIP instalment at a defined cadence, typically annually. The intent is to align contributions with income growth without manually modifying the SIP each year. A 10 per cent annual step-up on a Rs 10,000 monthly SIP becomes roughly Rs 26,000 by year 10 and Rs 67,000 by year 20; that is the compounding the mechanism is trying to capture. The two things that trip people up: the NACH or UPI Autopay mandate ceiling has to be high enough for the projected maximum, otherwise the escalation simply fails when it hits the cap; and on the ELSS Tax Saver Fund , each escalated installment carries its own three-year lock-in, just like the base installments.

SIP Top-Up on WebNotes

How to set up SIP top-up on a PPFAS scheme