That new car dream feels close, but the down payment is a hurdle. Is a huge lumpsum the only way, or is there a smarter path for you?
Many eye a big lumpsum for down payments. But for salaried folks, regular SIPs are more practical. They average costs, reducing market timing risk.
It's more than the sticker price! Factor in inflation (5-7% annually), RTO, insurance. A ₹3L target today could be ₹3.5L+ in 3 years.
Consistent SIPs are a powerhouse (e.g., ₹12-13k/month for ₹5L in 3 yrs). Use bonuses as 'booster shots.' Consider STP for lumpsums in volatile markets.
Short-term (1-2 yrs): Liquid/Ultra Short Debt funds. Medium-term (2-4 yrs): Low Duration Debt/Balanced Advantage. Long-term (4-5+ yrs): Equity funds.
Supercharge goals with Step-Up SIPs as income grows. Don't underestimate inflation, invest aggressively for short-term, or ignore emergency funds.
Ready to visualize your new wheels? Use our Goal SIP and Step-Up calculators at sipplancalculator.in. Start smart planning today!