An Effer story

A Fistful of Rice

A story for anyone whose raise keeps disappearing — and whose SIP hasn’t stepped up since the day they set it.

The appraisal letter said fourteen per cent, effective next month. By dinner, Nikhil had spent it three times — once on a better flat, once on the long-postponed Ladakh trip, and once, vaguely, on “investing more.” The first two came with pictures. The third one never does.

It had happened before. His last raise had arrived just like this, full of plans — and dissolved so smoothly into slightly longer cab rides and slightly nicer dinners that today he could not point to a single thing it had become.

· · ·

That weekend he was home in Kolhapur for his mother's birthday. Saturday morning found him in the kitchen doorway, watching his grandmother do something he had seen ten thousand times without once seeing it. Before measuring rice for lunch, she took one fistful from the fresh measure and dropped it into an old Dalda tin on the shelf. Then she cooked what remained.

“Aaji. Why does the tin get its rice first?”

“The tin eats first,” she said, as if that explained everything. “One fist from every measure, before the pot sees it. My mother did it, and hers. Once the rice is cooked, nobody misses a fistful. But try taking it back after the plates are served.”

He looked at the tin, nearly full. “And when the house was full? When there were eleven of you eating?”

“Bigger pot, more measures. More measures, more fistfuls.” She levelled the rice with one practised shake. “The fist stays the same size, beta. It just eats more often when the kitchen grows.”

The tin filled every few months, she told him. Most years it became the rice they carried to the temple. One year — a bad one, long before Nikhil — it was simply dinner.

· · ·

Sunday night, back in Pune, he opened his banking app the way you open a drawer whose contents you already know. There was his SIP — a careful, proud number, chosen three years ago when his salary was a smaller thing. Two raises had come and gone since. The number had not moved.

The pot had grown. The fist had not.
A grandmother drops a fistful of rice into an old tin on the kitchen shelf before cooking, her grandson watching from the doorway of a warm Indian kitchen
The tin eats first — before the pot ever sees the measure.

So, before the new salary could arrive and learn its habits, he did what the kitchen had taught him. He increased the SIP — one firm fistful from the fresh measure, moved on salary day, before the pot sees it. And he set a reminder for appraisal week, every year, with a rule his grandmother never needed to write down: when the pot grows, the fist eats more often.

The months since have been unremarkable, which is the point. You cannot miss rice that never reached the pot.

But on a shelf inside his month, quietly, a tin is filling.

What this story knows

When the salary grows, the SIP should grow with it.

There is a name for Aaji's rule. Investors call it a step-up SIP (or top-up SIP): you increase your SIP every year — by a fixed percentage, or by a slice of every salary hike — instead of leaving it at the number you chose the day you started. It works for the same reason the fistful works: an increment has no habits attached. Setting part of each raise aside before it settles into lifestyle is the gentlest discipline there is, because it never asks you to give anything up.

The difference this makes is larger than intuition suggests. A SIP step up calculator shows it plainly: the same starting amount, with one extra decision made once a year, arrives at a dramatically different destination over fifteen or twenty years — because every step-up hands compounding more money and more time to work with. Our Wealth Journey Simulator carries a yearly SIP step-up field for exactly this reason: so you can watch your own two futures unfold side by side. And if you want to know how those two futures feel from the inside, read The Two Ladders.

So the real salary hike investment question is not “how much should I save?” It is “what share of every raise gets set aside before the month begins?” Decide the split in the week the letter arrives — while the money is still new, and still nobody's.

If you already run a SIP, the whole decision takes ten minutes this week: open your fund house's app, find the top-up or step-up option, and set it to rise every year in your appraisal month. One instruction, once — and every future raise arrives with its fistful already spoken for.

Explore before you decide

What could your raise become in twenty years?

The Wealth Journey Simulator has a yearly SIP step-up field built in. Set your monthly amount, choose how much it grows each year, and watch two decades unfold — with the step-up, and without it.

Try the Wealth Journey Simulator

Before you go

Three questions worth a quiet minute.

  • What did your last raise become? If you can’t point to it, where do you think it went?
  • Your salary has grown since the day you set up your SIP. Has your SIP heard the news?
  • If one fistful of every future hike were set aside before the month began, what would the tin hold by fifty?
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