Dreaming of ₹20L for college? Learn how a Step-up SIP can build ₹48L in 15 years, beating inflation & leveraging your income.
Inflation is a beast! ₹20L today is ~₹48L in 15 years. Regular SIPs fall short. Your goal needs smart growth to keep pace with rising education costs.
Increase your SIP annually by a fixed % or amount. It fights inflation & leverages your income growth, giving your savings a yearly 'steroid shot'!
Inputs: Inflated Target (e.g., ₹48L), 15 yrs tenure, 12% return, 10% annual step-up. Result: Start with just ₹5,700-₹6,200/month!
For 15 years, consider Flexi-cap, Large-cap/Index Funds, or Balanced Advantage Funds. Avoid over-diversification and chasing past performers. Focus on consistency!
Review annually, don't panic in dips, rebalance near goal. Avoid underestimating inflation, emotional investing, and ignoring contingency plans. Discipline builds wealth!
Play with the numbers! Visit sipplancalculator.in/sip-step-up-calculator/ to start planning your child's ₹48L college fund today. Your child will thank you!