Unlock your ₹25 Lakh dream car with a smart Step-up SIP strategy. Discover how to make your luxury car a reality in just seven years!
A Step-up SIP lets you periodically increase your monthly investment amount, aligning your savings with your growing income to supercharge wealth creation. It's investing smarter!
Standard SIP for ₹25L in 7 yrs (12% return) needs ₹20k/month. Step-up allows starting at ₹12k/month, increasing 10% annually, to achieve ₹25.8 Lakh!
As your income rises, so does your SIP! Increase contributions by a set percentage (e.g., 10%) each year. This leverages your career growth for accelerated financial gains.
For 7-year goals, consider Flexi-Cap, Large & Mid-Cap, or Balanced Advantage Funds for potential 12%+ returns. Diversify across 2-3. Check performance and expense ratios.
Don't underestimate step-up % or forget to automate it. Choose appropriate funds (not too risky/conservative). Stick to your plan through market dips & review annually!
Your dream car is within reach! Use the online SIP Step-up Calculator at sipplancalculator.in/sip-step-up-calculator/ to map your path to ₹25 Lakh today!