Unlock the secret to buying your dream car! We break down how much to SIP monthly for a ₹15 lakh car in 4 years, revealing the smart strategies.
That ₹15 lakh car feels distant, right? A SIP calculator is your roadmap. It shows you how to break down big goals into achievable monthly investments. Let's make that dream a reality!
For a ₹15 lakh car in 4 years, assuming 12% annual returns, a SIP calculator suggests ~₹25k-₹28k/month. This is a good start, but we need to dig deeper!
Don't forget inflation and 'on-road' costs (registration, insurance). Your ₹15L car might be ₹19-20L in 4 years! Your revised SIP jumps to ~₹31k-₹34k/month.
For a 4-year horizon, balance growth & risk. Consider Balanced Advantage Funds (BAFs) for stability or Flexi-Cap Funds for more growth potential. Avoid overly conservative FDs.
Use a Step-Up SIP: increase investment yearly with your salary hike. Avoid mistakes like ignoring inflation, underestimating costs, or delaying your start. Review regularly!
Ready to accelerate your savings? Use our calculators to find your perfect SIP plan. Start planning today for your dream car! Visit sipplancalculator.in