How does step-up SIP work, and how do I set it up on FYERS?

How Does Step-Up SIP Work, and How Do I Set It Up on FYERS?



A Step-Up SIP helps increase your investment amount automatically over time, allowing your contributions to grow without manual intervention. You can enable Step-Up either while creating a new SIP or later by modifying an existing SIP.

How Step-Up SIP Works

  • Step-Up SIP increases your SIP amount automatically by a fixed amount.
  • It can be enabled during SIP creation or by modifying an existing SIP.
  • The frequency can be set as Weekly, Monthly, or Yearly.
  • The increased amount applies only to future SIP instalments.
  • Once the Step-Up cycle ends, the SIP continues with the last increased amount.
  • It requires an AutoPay mandate with a maximum debit limit higher than the highest stepped-up SIP amount.

Steps to Set Up Step-Up SIP While Creating an SIP

On FYERS App

  1. Go to Invest → Mutual Funds.
  2. Select a scheme and tap SIP.
  3. Enter the SIP amount, frequency, schedule date, and bank.
  4. Tap Show advanced.
  5. Enable Step-Up.
  6. Enter the step-up amount and step-up frequency.
  7. Review the details and tap Start SIP.
  8. Approve the AutoPay mandate if prompted.

On FYERS Web

  1. Go to Mutual Funds and open a scheme.
  2. Click SIP.
  3. Enter the SIP amount, frequency, schedule date, and bank.
  4. Click Show advanced.
  5. Enable Step-Up.
  6. Enter the step-up amount and step-up frequency.
  7. Review the details and click Start SIP.
  8. Approve the AutoPay mandate if prompted.

Steps to Add Step-Up SIP to an Existing SIP

On FYERS App

  1. Go to Orders → Mutual Funds → SIP.
  2. Open the running SIP and tap Modify.
  3. Tap Show advanced.
  4. Enable Step-Up and enter the required details.
  5. Confirm the changes and approve the AutoPay mandate if prompted.

On FYERS Web

  1. Go to Orders → Mutual Funds → SIP.
  2. Open the running SIP and click Modify.
  3. Click Show advanced.
  4. Enable Step-Up and enter the required details.
  5. Confirm the changes and approve the AutoPay mandate if prompted.

Ensure your AutoPay mandate limit is higher than the highest stepped-up SIP amount to avoid instalment failures.

What If...

ScenarioOutcome
I enable Step-Up while creating an SIPThe SIP amount increases automatically as per the selected step-up details.
I add Step-Up to an existing SIPStep-Up applies only to future instalments after modification.
The stepped-up amount exceeds the mandate limitThe affected instalment may fail due to mandate limit restrictions.
I modified Step-Up details laterThe updated Step-Up settings apply to future instalments.
I remove Step-UpThe SIP continues with the current amount without further increases.

Last updated: 09 Jan 2026