Dreaming big for your child's education? Let's uncover the true SIP required to achieve that ₹50 Lakh goal in 15 years. It's more than you think!
₹50 Lakh today isn't ₹50 Lakh in 15 years. With 8% education inflation, that goal swells to ~₹1.58 Crore! Don't let inflation surprise you.
To accumulate ₹1.58 Crore in 15 years (at 12% returns), you'd need to SIP approximately ₹31,000/month. A significant jump from a 'mere' ₹50 Lakh.
If you only aim for ₹50 Lakh (uninflated) in 15 years, you'd SIP ~₹10,000/month. But that future ₹50L will buy far less due to inflation! Avoid this mistake.
Can't start with ₹31K? A Step-Up SIP helps! Start smaller and increase your contribution by 10% annually as your income grows. Makes big goals achievable.
Don't underestimate inflation. Start early. Increase SIPs annually. Keep goals separate. Avoid chasing returns. Discipline beats speculation!
Calculate your child's education goal realistically! Use our Goal SIP and Step-Up SIP calculators at sipplancalculator.in to plan smart.