Dreaming of your own home? That hefty down payment can feel daunting. But what if we told you it's a planned, achievable goal? Let's break down how to calculate your SIP!
A solid down payment (like ₹25 lakhs) significantly reduces your home loan burden, saves lakhs in interest over time, and can even secure better interest rates. It's peace of mind for your future home!
Target: ₹25,00,000. Time: 5 years (60 months). Assuming an 11% annual return, you'll need to invest approximately ₹33,000 per month via SIP to hit your goal.
For a 5-year horizon, balance growth with stability. Consider Balanced Advantage Funds, Flexi-Cap Funds, or Multi-Asset Allocation Funds. Diversify across 2-3 funds.
Don't let the initial amount scare you. Leverage Step-Up SIPs! Increase your monthly contribution by 10-15% annually with your salary hikes. It makes the goal much more manageable.
Never stop SIPs during market dips – it's when you buy more units! Don't chase 'hot' funds, review your portfolio annually, and always have an emergency fund ready.
Ready to take the first step towards your dream home? Use the power of SIPs! Calculate your path to homeownership at sipplancalculator.in now!