Your ultimate guide to smart investing for ambitious financial goals. Which strategy wins for your ₹1 Crore dream?
Lumpsum: Invest a large sum at once. SIP: Invest a fixed amount regularly (e.g., monthly). One is a 'boom!', the other is disciplined.
Highly aggressive! To hit ₹1 Crore in 5 years (at 12% p.a.), you'd need ~₹57L lumpsum OR ~₹1.2-1.3L monthly SIP. It's a stretch for most.
Ideal during market dips, especially for long-term goals. Consider a Systematic Transfer Plan (STP): park funds in debt, then 'SIP' into equity.
Rupee Cost Averaging lowers average unit cost. Automated discipline avoids procrastination. Start small, use Step-Up SIPs to boost wealth.
Ignoring inflation, chasing past returns, wrong fund for your goal, stopping SIPs during market falls, and setting unrealistic targets.
Ready to make your financial dreams actionable? Use our Goal-Based SIP & Step-Up Calculators at sipplancalculator.in. Start planning today!