Dream vacation in 4 years? Should you SIP monthly or invest a lumpsum? Let's break down the best strategy for your ₹10 Lakh goal!
Your dream trip is a mid-term goal. This 4-year horizon dictates your investment strategy: can you afford market risks, or is consistency key?
Systematic Investment Plans (SIPs) use rupee cost averaging. Invest fixed amounts monthly, buying more units when prices drop, smoothing out market volatility.
Investing a big sum upfront carries risk for a 4-year goal. A market dip means less time for recovery, potentially jeopardizing your vacation fund.
Got a bonus? Don't dump it all. Invest it in a liquid fund, then set up a Systematic Transfer Plan (STP) into equity. It’s an internal SIP!
1. Don't stop SIPs in market dips! 2. Avoid over-risking. 3. Rebalance as you get closer to your goal. These mistakes cost you big.
Calculate your monthly SIP using our tools at sipplancalculator.in. Start investing smart for your ₹10 Lakh vacation! (Consult a financial advisor.)