Dreaming of ₹50 Lakh in a decade? Discover how your first SIP can turn that dream into a reality. It's about smart planning, not just a magic number!
With 12-13% annual returns, you'd need to invest ~₹20,400 - ₹21,600 monthly. Compounding makes consistent SIPs grow big over time. Use a calculator to see your path!
Don't delay! Start small with what you can afford (even ₹5K-₹10K). Use the 50/30/20 rule for budgeting your income. Automate your SIPs for consistent, stress-free growth.
For a 10-year horizon, consider equity funds: Flexi-Cap, Large & Mid Cap, or Index Funds (Nifty/Sensex). Balanced Advantage Funds offer a smoother ride. Diversify wisely!
Don't stick to your initial amount! Increase your SIP by 5-10% annually with salary hikes. This small, consistent step-up has a HUGE impact on your final corpus. It's a game-changer!
Don't stop SIPs during market falls (it's a 'discount sale'!). Ignore 'hot tips.' Review your portfolio annually. Build an emergency fund FIRST. Factor in inflation.
Visualize your wealth creation journey! Head over to sipplancalculator.in to use our Goal-based, SIP, and Step-Up Calculators today! Start your smart investment journey now.