Tired of the rat race? Imagine ditching the daily grind years early. We reveal if Step Up SIP can truly get you financially independent by 45 in India.
Regular SIPs are good, but Step Up SIPs are a game-changer. Systematically increase your monthly contribution by a % or fixed amount each year as your income grows. This creates a powerful snowball effect for faster wealth creation!
Financial Independence means passive income covers expenses. The '25x rule' says you need 25 times your annual expenses. For ₹80k/month (₹9.6L/year), you'd need ₹2.4 Crores! Can you hit it by 45?
To reach ₹2.4 Cr in 20 yrs at 12% return: A regular SIP needs ₹25,000/month. But with Step Up SIP, start with just ₹10,000 & a 10% annual increase, and you could reach ₹2.6 Crores! Start smaller, grow bigger!
For a 20-year horizon, equity funds are key. Consider Flexi-Cap for all-round growth, Large & Mid-Cap for balance, or ELSS for tax savings with wealth creation. Diversify across 2-3 funds.
Don't underestimate inflation, stay consistent with your step-ups, avoid panic selling in market dips, resist chasing returns, and fight lifestyle creep. Discipline is as vital as the investment!
FI by 45 IS possible with Step Up SIP, discipline & smart choices. Stop dreaming, start planning! Visit sipplancalculator.in to map your path. Your future self will thank you. Consult a SEBI-registered advisor. Mutual funds are subject to market risks.