Planning your child's big day? It's a joyful thought, but the costs can be daunting. Don't worry, we'll show you how to build a ₹40 Lakh corpus in 12 years with smart SIPs!
Yes, it's possible! A ₹40 Lakh corpus can be a fantastic foundation for a future wedding. The secret? Consistent, disciplined investment through SIPs, leveraging the power of compounding.
To hit ₹40 Lakhs in 12 years, assuming a 12% annual return from equity funds, you'd need to invest roughly ₹12,630 per month. A steady path to your goal!
Start with a lower SIP, say ₹8,000/month, and increase it by 10% annually. This aligns with your income growth and comfortably gets you close to ₹40 Lakhs!
For a 12-year horizon, equity mutual funds are key. Consider Flexi-cap, Large & Mid-cap, or Nifty 50 Index Funds for diversified growth potential and stability.
Don't stop SIPs during market dips – it's when you buy cheap! Always step-up your contributions annually. Be realistic with returns and separate your financial goals.
Ready to make your child's wedding dream a reality? Use our calculators at sipplancalculator.in to customize your SIP plan and track your progress!