Dream of a new car? Discover how a disciplined ₹10,000 monthly SIP could help you drive home your dream car in just 5 years.
Down payments feel huge? Many struggle to save a lump sum for their first car. A Systematic Investment Plan (SIP) offers a disciplined path to overcome this hurdle.
Invest ₹10,000/month for 5 years. With 12% returns, your ₹6 lakhs could grow to ₹8.2 lakhs! That's an extra ₹2.2 lakhs just by compounding.
For a 5-year car goal, consider Flexi-Cap, Large-Cap, or Multi-Cap funds. Diversify across 2-3 funds from reputable houses. Avoid aggressive small-cap funds.
Don't just SIP, step-up! Increase your monthly SIP amount annually (e.g., 10%). A ₹10K SIP with 10% annual step-up can grow to over ₹10 lakhs in 5 years!
Don't ignore inflation, stop SIPs during market dips, or chase past returns. Always have an emergency fund & review your investments regularly.
Ready to crunch your numbers? Use the SIP calculators at sipplancalculator.in to plan your car journey. Your dream car awaits!