Step-up SIP lets users increase the SIP amount automatically after the chosen time period (6 months or 12 months). For example, If you have a current SIP of Rs.1000 and add a step-up of Rs.100 for a period of 12 months, after every 1 year, your SIP amount will increase by 100. It means after 1 year, 1100 will be deducted the next year, Rs.1200 after 2 years, and so on.