How to fund your ₹30 Lakh down payment in 7 years: Lumpsum vs SIP!
Meet Anita & Vikram: Goal ₹30L in 7 years. Have ₹10L bonus, combined income ₹1.8L/month. Should they invest lumpsum, SIP, or both? Let's break it down.
Pure Lumpsum: Need ~₹13.52L today (short by ₹3.5L). Pure SIP: Need ~₹23,700/month. Both assume 12% p.a. returns for ₹30L goal.
Invest ₹10L lumpsum (grows to ~₹22.1L). Fund the remaining ₹7.9L with a manageable SIP of ~₹6,270/month. Best of both worlds!
Market volatility? SIP offers rupee-cost averaging. Stable income? Consider a step-up SIP to reach your goal faster. Your financial personality matters!
Avoid unrealistic returns. Pay off high-interest debt first. Review investments regularly. DON'T panic and pull out during market dips. Stay the course!
Start planning your down payment journey today! Use our Goal SIP Calculator to map out your contributions. Visit: sipplancalculator.in