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You need to invest at least
₹ 7.83 K
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Start with less now and increase your SIP as your income increases
Postponing your goals can give you more time to achieve them. P.S Not all goals can be postponed
Not something most people would like to do, but downsizing is the last recourse if you have no other option
Is your portfolio overweight towards fixed income options? Allocate assets that can fetch higher returns like equities, keeping your risk tolerance and goal horizon in mind. Taking higher risks can increase your expected return
Have you considered all your assets? Don’t forget FDs, PPF, RDs, insurance policies, post office schemes, etc. Allocating them can bring you closer to your goal
We all know that SIP is a systematic way of increasing wealth. But how much money do you actually need to earmark for an SIP in order to achieve a goal? Use our free online goal based SIP calculator to find out.
To use our SIP calculator, you need to have an idea about the possible rate of return. You will also need to enter for how long you will be continuing your SIP. Lastly, you need to enter the target amount that you want to accumulate. That's it, we just need these three pieces of information from you.
FAQ
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In case you didn’t know, you can open your account online within 24 hours. Offline account opening takes up to 4 working days. If you wish to open your account offline, fill and sign the forms using a black/blue ballpoint pen. Please fill in the email and mobile number of the applicant to avoid account opening delays.
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