Glide Invest FAQ: What is Step-Up SIP, and how do I use it?

What is Step-Up SIP, and how do I use it?

Step-up SIP, also known as top-up SIP, is an automated facility which allows you to increase your SIP by a fixed percentage annually based on your projected financial changes. It is a good practice to increase your investments periodically as your income level increases to reach your financial goals quicker than your planned dates.

Many of our goals have the optional facility to increase your SIP via Step-Up.  This helps reduce the overall monthly investment at the beginning.  It allows you to start slow and step-up over the period as your income grows.

Since these are annual frequency commitments, we will send you a reminder approximately one-month prior to the increase in your SIP amount.  Please ensure you maintain sufficient balance in your bank account to ensure the SIP investment goes through.  
    • Related Articles

    • What is Edit SIP, and how do I use it?

      As the name suggests, the Flexi SIP provide you the ultimate flexibility of modifying your SIP investments.  With "Edit SIP", you can modify the amount of your upcoming SIPs based on your requirements at any point in time.  Whether you want to make ...
    • What is a Smart Flexi SIP?

      Glide Invest's Smart Flexi SIP is a feature specially built to allow and enable you to take complete control of your goals. It gives ultimate flexibility to change the SIP amount, Pause, Stop, and Restart your SIP investments at any time, and ...
    • How do payments via AutoPay work? When will my money get debited from my bank account?

      AutoPay, as the name suggests, is the payment method we use once your mandate is approved, to facilitate the transfer of funds from your bank account to the mutual fund company. By selecting the AutoPay option on the Glide Invest app, your money will ...
    • What is Pause SIP, and how do I use it?

      We understand that unexpected emergencies can arrive in anyone's life, and during these testing times, it's hard to meet all your pre-planned commitments, including your investments in you SIP-based goals. To overcome this problem, rather than ...
    • How do I start investing?

      ​Once you login to the application, follow the 5-step process to register yourself.  We have simplified the process as much as we could to make it intuitive and friendly.  Before you begin, make sure you have the following handy: PAN Card Bank ...