Step Up is a feature that will increase the Equity Stock SIP amount/quantity periodically by an amount or a quantity at a set interval as defined by the you. For “Amount Type”, a step-up amount can be set and similarly for “Quantity Type” a step-up quantity can be selected. This feature can be availed at the time of placing the order.

Step up will continue till the Stock SIP End date or Step Up cancelled by the user whichever is earlier. In case Stock SIP period selected as ‘Till cancellation’, then Step Up will continue till it is cancelled by the user.

*Step-up cannot be modified; it can only be cancelled. After cancellation of Step-up, next Stock SIP will be placed with on-going amount/quantity which will be equal to last Stock SIP triggered (Amount or Quantity). Follow these steps to modify the order.

On ICICI Direct App:

For example:  Reliance Stock SIP, Step-up feature will be applied after 8 months from the start date i.e. from 15^th February 2024, the amount will increase by 200.

On Website:

For Example,

Amount based

On-going Stock SIP request

     Start date : 15-Jan-19
     New Stock SIP Amount : 2000
     Total period : 24 months
     Frequency : Fortnightly
     Step up selection date : 20-Apr-19
     Incremental/Step up amount : 200
     Step up period/interval : 2 months

Quantity based

Step up at the time of New or Fresh Stock SIP request

     Stock SIP Start Date : 10-Jan-19
     Next Stock SIP Date : 17-Jan-19
     Stock SIP Amount : 1000
     Total period : 11 months
     Frequency : Weekly
     Incremental/Step up Quantity : 20
     Step up period/interval : 1 month