Dream car waiting? Investing your bonus for a down payment is tempting. Let's explore the smartest way to grow your money safely & calculate your returns!
Got a sweet bonus or gift? Eyeing a new Kia Seltos or Maruti Brezza? Thinking of investing that lumpsum for the down payment? Let's see if it's realistic in 1-2 years!
Investing a big sum upfront is appealing, but for 1-3 year goals like a car down payment, market timing is tricky. Volatility can turn your ₹3L into ₹2.7L just when you need it!
For 1-3 years, SIPs often make more sense. Rupee-cost averaging smooths out market ups and downs. Have a lumpsum? Park it & use STP for systematic investment into suitable funds!
6-12 months? Stick to liquid funds or FDs for safety. 1-3 years? Consider short-duration debt or BAFs. Avoid pure equity for short-term down payments – capital preservation is key!
Emergency fund (6-12 months)? Clear high-interest debt? Can you afford EMIs? Don't chase aggressive returns without these basics. Avoid common mistakes & secure your funds!
Ready to drive home your dream car? Use our goal-based SIP calculators to map out your monthly investments and make your money work smart! Visit sipplancalculator.in