You can change the mutual fund SIP amount on a periodic basis

SIPs have traditionally referred to a steady investment of the same amount of money on a particular date every month. For example, one would invest ₹ 5,000 evenly split between two mutual fund schemes on the 5th of every month for, say, 10 years. However, these days, there have been many changes to this rather static notion of SIP thanks to the advent of digital platforms as well as AMCs adopting digital means of transactions. For example, if one is running a ₹ 3,000 SIP in a particular fund, they can set it up so that the SIP amount increases by ₹ 1,000 every year. For salaried professionals, who can reasonably count on a pay raise every year, this method empowers them to automatically increase their SIP every time their ability to save goes up.