Planning your child's wedding fund? Learn the secrets to saving ₹75 Lakh (or more!) in 18 years, India. Avoid common mistakes and secure their future.
Many underestimate inflation for long-term goals. ₹75 lakh today won't be enough in 18 years. Wedding costs in India rise fast. Factor it in!
With 6% wedding inflation, your ₹75 Lakh dream fund will actually need a whopping ₹2.14 CRORE in 18 years! Shocked? It's the reality for India.
To hit ₹2.14 Cr in 18 years at 11% returns, a fixed SIP is ₹44,000/month! This feels out of reach for many young parents. But there's a smarter way.
A Step-Up SIP lets you increase investments yearly. With a 10% annual step-up, your initial SIP drops to a manageable ₹19,000! Much more achievable.
For 18 years, go equity! Mix Flexi-Cap (50-60%), Large & Mid-Cap (30-40%). Add a small aggressive hybrid (10-20%) for diversification. Review yearly!
Don't just dream, plan! Use a Step-Up SIP calculator to find your numbers. Visit sipplancalculator.in to start charting your stress-free celebration!