Introducing: Step-Up SIPs for Mutual Funds on Dhan

[Saurav.P]

Dear Investors

For nearly the last two years, we have been building our Mutual Funds platform and over time have focussed a lot on building flexibility and choice to users who invest in Mutual Funds via Dhan.

We started with Mutual Funds in SOA format, and later introduced the option to our users to invest via keeping the Mutual Funds units in Demat mode. We started with a single Mutual Funds portfolio with the ability to track External Mutual Funds, which is widely used by investors when markets correct or when they have excess cash in the bank.

At first, we started with Monthly SIPs and later gradually introduced Weekly SIPs and recently even Daily SIPs, so that you could invest in a way that fits your cash flows and your investment style better. We also added the ability to Pause SIPs whenever you need a break, without having to cancel or restart the SIP from scratch.

Now, to take the flexibility on SIPs a step further, we wanted to give you a simple way to increase your SIPs over time as your income grows, so your investments don’t stay static and can compound better over time. It’s also something many of you have asked for and felt like a natural addition to complete our SIP offerings.

Introducing SIP Plus+ for Mutual Funds on Dhan

SIP Plus+ lets you start an SIP and set it to increase at intervals you choose automatically. Once set, it quietly builds in that discipline for you, without needing manual updates every year.

For example, a ₹5,000 SIP that increases by ₹500 every year can build a significantly larger corpus over the long term compared to keeping the SIP amount fixed.

To illustrate with an example

How to set-up your SIP Plus+ or Step-up SIP

As always on Dhan, setting up Step-up SIPs or SIP Plus+ is as simple as it is already to invest in Mutual Funds.

Step-up SIPs or SIP Plus+ is enabled on all the Mutual Fund schemes for which SIP is an active option to invest.

• Simply choose any of the Mutual Funds
• Enter your SIP Amount
• Set how much it should increase
• Choose how often it should increase

That’s it, and you are done with your Step-up SIP and also ready to see your SIPs grow faster than usual monthly SIPs. Your SIP gets adjusted automatically based on your plan.

With this, you have more control over how you invest, without needing to constantly manage it. Start SIP Plus+ on Dhan today and let us know what you think!

Happy Investing,
Saurav

[U.S]

The power of compounding at its best! This ₹5.25 Lakh extra gain in 10 years is mind-blowing. Great insight!

[onkar]

Where is the option to edit existing SIP and why only 1,2,3,6 months options to step?

[U.S]

Great question, Onkar! Editing an existing SIP to add Step-up can be tricky. The most reliable way is to check with the Dhan Support Team or their Help Section; they can guide you if a direct edit is possible now or if you need to start a new one with the ‘SIP Plus+’ feature. Better to get the official word for long-term investments!

[Saurav.P]

Hi @onkar

Currently, Step-up (SIP Plus+) is only available while creating a new SIP.
Editing/converting an existing SIP to add Step-up isn’t supported as of now - you’ll need to start a new SIP if you want to use this feature.

[onkar]

Okay, what about if I want to step up after 1 year?

Can’t see any option for this also?

[Saurav.P]

Hi @onkar

Currently, Step-up supports 1, 2, 3, and 6 month intervals, for SOA Mode

If you’re looking to step up annually, you can use Demat mode SIPs, where you have more flexibility to manage and adjust your SIPs over time.

[onkar]

@Saurav.P @Saurav.P Any specific reason not provide this to SOA mode?

Each existing mf provider having this from starting

[Saurav.P]

Totally hear you on this - having more flexibility here definitely helps

For now, we’ve kept the options limited to make sure the experience stays smooth and reliable

That said, We will continue to add more frequency in future

[onkar]

@Saurav.P

Thanks for getting back, but now I also feel like most of them user, Dhan presenting half baked feature to end customer without preparing and tested well enough.

Thanks for your time.