Should you invest a lumpsum to buy your dream car? Let's decode the smart way to fund your new ride.
For a 3-year goal, market volatility can be your enemy. A lumpsum in pure equity risks significant drawdowns right before you need your ₹12 Lakhs.
Equity investments need 5-7+ years to ride market swings. For your car fund, capital preservation is key. Don't chase aggressive growth with a tight deadline.
Consistent SIPs combined with debt/hybrid funds offer stability & growth. Like Priya, secure your goal with a balanced approach, protecting your funds from big dips.
Explore Liquid, Ultra Short, & Short Duration Debt funds for low risk. Balanced Advantage Funds offer growth with dynamic risk management. Diversify your car savings!
Factor in actual car costs (10-15% extra!). Don't chase high equity returns for short goals. Ensure an emergency fund first. Start early & account for inflation!
Calculate your monthly savings & plan your strategy! Visit sipplancalculator.in/goal-sip-calculator/ to map your path to that new car!