Ever wondered how to hit ambitious financial targets like ₹1.5 Crore? It’s possible with smart investing, not just static SIPs. Let's unlock the secret!
Like Rahul, many professionals find their current SIPs falling short of big goals. As income grows, investments often stay static. This gap can be bridged with a game-changer!
Channel annual salary increments (10% or more) into your SIP. This small, consistent increase supercharges compounding, aligning investments with your growing income without feeling the pinch.
Aim for ₹1.5 Cr in 15 years! With a 10% annual step-up and 12% average returns, you could start with just ~₹18,000/month. Your final SIP contribution will grow, but so will your income!
For long-term goals, embrace equity. Consider Flexi-Cap, Large & Mid-Cap, ELSS (for tax benefits), or Balanced Advantage Funds. Diversify your portfolio to ride India's growth story.
Common mistakes include forgetting to step up, chasing short-term returns, and neglecting annual reviews. Stay consistent, be realistic with your step-up, and review often!
Ready to achieve your financial dreams? Use our Step-up SIP or Goal SIP calculators on sipplancalculator.in to map out your journey! Your future self will thank you.