Got a ₹5 Lakh bonus? Dream of turning it into ₹12 Lakh in 5 years? This ambitious goal needs a 19.1% CAGR! It's aggressive but achievable with a smart strategy and calculated risks.
To hit that 19%+ CAGR, equity mutual funds are key. Consider Flexi-Cap, Large & Mid Cap, or Aggressive Hybrid Funds. Research long-term performance & fund manager experience.
Don't dump it all at once! Use a Systematic Transfer Plan (STP). Invest your bonus into a Liquid Fund, then transfer fixed amounts monthly into equity funds. Mitigate market timing risk.
Investing is half the battle. Stay calm during volatility, don't panic sell. Review your portfolio annually, checking fund performance and managers. Rebalance if necessary, but stay focused on your goal.
Don't try to time the market, avoid 'hot tips,' and diversify across funds. Panicking during corrections and ignoring expense ratios can derail your growth. Be smart, not emotional.
Curious how your goals stack up? Visit sipplancalculator.in to use our Goal SIP and Lumpsum Calculators. Start planning your financial future today!