In this video, we’ve discussed the formula for effectively calculating the SIP (Systematic Investment Plan) needed to hit your goal of 1 crore! SIPs are effective tools for building wealth over time, especially in a country with significant GDP growth. However, planning without action is crucial to achieve financial goals. This Video cover two approaches to SIP amount: 1) determining how much money you can spare every month and 2) determining your target amount or goal. This video also highlights an important consideration while planning your SIP -Inflation, which eat away most of your returns, making it difficult to achieve your financial goals. You’ll get to know how to combat this, you may consider using Step-Up SIPs, where you increase your SIP amount by a fixed percentage every year. Whether you’re a seasoned investor or just getting started, this step-by-step guide will help you make those financial dreams come true.
