How To Calculate The Right SIP Amount?
A systematic Investment Plan (SIP) is a simple, convenient and disciplined way to meet your financial goals.
SIP’s allow you to make the most of the growth potential of equity mutual funds, by investing calculated amounts periodically.
Calculate & Invest The Right SIP Amount
Let’s understand how Mr. Saluja calculated & invest the right SIP amount for his goal by asking hismelf just these 3 simple questions.
Mr. Saluja wants to buy his dream car in 5 years.
What is goal of Mr. Saluja?
His goal is to buy a dream car which would cost him Rs. 10 lakhs.
How much do Mr. Saluja expect to earn?
He expect a 15% rate of return per annum.
By when, Mr. Saluja wants to reach his goal?
Mr. Saluja sees himself buying the car in 5 years.
Answering these questions helped Mr. Saluja save up for his dream car by investing in the Right SIP amount of Rs. 11,151 per month.
If you have any query tweet me @gurpreet_saluja
Hi, I’m Managing Director at Gurpreet Saluja Financial Services where I help my investors to invest in mutual funds and achieve their financial goals. I’m also a Value Investor and here I write about Personal Finance & Investing.