Deepak shares how to plan your SIP for your child's future. Don't let education costs scare you, let them motivate you!
A course costing ₹20 lakh today could be ₹63 lakh in 15 years with 8% inflation. Don't underestimate this beast! Early planning is crucial for Coimbatore parents.
Compounding works wonders! Starting 3 years earlier can save you ₹6,000/month on a ₹50 lakh goal. Procrastination is the enemy of wealth.
Grow your SIP by 10-15% annually. Step-Up SIPs align with salary increments, making large goals like ₹50 lakh achievable without a huge initial burden.
For 10+ years, choose equity funds: Flexi-cap, Large & Mid-cap, or Index Funds. Diversify wisely. As goal nears, consider Balanced Advantage Funds.
Don't underestimate inflation, start late, or ignore reviews. Avoid emotional decisions & mixing goals. Always have an emergency fund first!
Ready to take control? Use our Goal SIP Calculator & Step-Up SIP Calculator on sipplancalculator.in to get started. Happy investing!