Unlock the strategy to save ₹10 Lakh for your new car's down payment with SIPs. Your dream car is closer than you think!
Imagine that new car! But the ₹10 Lakh down payment in just 3 years seems daunting. Many professionals face this. With the right strategy, it's doable.
To reach ₹10 Lakh in 3 years: expect 10-12% p.a. returns. You'll need to invest approx. ₹23,100 - ₹24,200 monthly. Precision is powered by consistency!
For a 3-year horizon, avoid high-risk pure equity. Opt for Balanced Advantage Funds or Aggressive Hybrid Funds. They balance growth with crucial stability.
₹24K/month tough? Extend your timeline to 4-5 years for lower SIPs, reduce your down payment target, or use a Step-Up SIP. Adjust, don't give up!
Factor in RTO/insurance (extra ₹1-2 Lakh!). Avoid pure equity. Build an emergency fund *first*. Don't ignore inflation. And never, ever stop your SIPs!
Ready to turn your car dream into reality? Head to sipplancalculator.in for our intuitive Goal SIP Calculator. Plan your precise path now!