Dreaming of the Maldives, Rome, or Tokyo? Let's turn that ₹5 lakh foreign trip dream into a reality in just 3 years with smart SIP planning!
Absolutely doable! For this short-to-medium term goal, aim for a balanced approach. Expect realistic annual returns of 8-10% for stability.
To reach your ₹5 lakh goal in 3 years, assuming an 8.5% annual return, you'll need to invest approximately ₹12,800 every single month consistently.
For a 3-year horizon, prioritize stability and moderate growth. Consider Balanced Advantage Funds (BAFs) or Aggressive Hybrid Funds for your SIP.
Avoid common mistakes: unrealistic returns, no emergency fund, stopping SIPs during dips, or chasing 'hot' funds. Consistency is key!
Yes, 3 years is enough! Avoid pure equity. Start small and step up. Always research and understand tax implications. Discipline pays off.
Ready to make your foreign trip a reality? Use our Goal SIP Calculator today. Plug in your numbers and start your journey! sipplancalculator.in