Introduction
Systematic Investment Plan (SIP) is one of the most effective and disciplined ways to invest in mutual funds, enabling individuals to build wealth gradually over time. Through SIPs, investors can contribute small, manageable amounts regularly—be it monthly, quarterly, or annually—toward their financial goals. This approach not only makes investing affordable but also helps reduce the emotional stress of market volatility by spreading investments across different market conditions. Over time, the power of compounding and consistent contributions can turn even modest investments into significant wealth, making SIP an ideal choice for long-term financial planning.
In today’s fast-paced world, financial goals vary across different stages of life—right from saving for a child’s education and marriage to buying a home, planning dream vacations, and securing a comfortable retirement. Each milestone in life comes with its own set of financial requirements, and goal-based investing helps align investments with these specific objectives. By associating each SIP with a particular goal, investors can stay focused, monitor their progress, and ensure they are well-prepared when those goals become a reality.
This guide aims to provide a comprehensive roadmap for starting SIPs tailored to every significant financial goal in life—from the moment a child is born to planning for a peaceful retirement. Whether you’re a young professional just starting your career, a parent planning your child’s future, or someone preparing for post-retirement financial security, this article will walk you through the step-by-step process of leveraging SIPs for each goal. By the end, you’ll have a clear understanding of how to plan, invest, and grow your wealth systematically for a secure and prosperous future.
Why SIP for Goal-Based Financial Planning?
One of the biggest advantages of a Systematic Investment Plan (SIP) is the power of compounding. In simple terms, compounding means earning returns not just on your initial investment but also on the returns generated from previous investments. Over time, this creates a snowball effect, significantly boosting your wealth. The longer you stay invested, the greater the compounding effect. For instance, even a small monthly SIP can grow into a substantial corpus over a period of 15–20 years, thanks to this powerful concept. This makes SIPs an ideal tool for long-term financial goals like a child’s education, marriage, or retirement.
Another reason why SIPs are popular is their affordability and consistency. Unlike lump-sum investments that require significant capital upfront, SIPs allow you to invest smaller amounts regularly, making them accessible to individuals from all income groups. Whether you’re a salaried professional, a student, or a small business owner, SIPs ensure that you can start your investment journey without financial strain. Furthermore, consistency plays a crucial role in wealth creation. Regular contributions through SIPs inculcate financial discipline and help avoid the common mistake of trying to time the market.
SIPs also offer flexibility and discipline, two essential aspects of financial planning. You have the option to start, pause, or increase your SIP amount as your financial situation changes. This adaptability ensures that you can adjust your investments according to your income, expenses, and financial goals. At the same time, SIPs promote discipline by automating your investments, ensuring that a fixed portion of your income is consistently invested without fail. This reduces the temptation to spend unnecessarily and keeps your financial goals on track.
In summary, SIPs are more than just an investment tool—they are a habit that fosters disciplined savings, leverages the power of compounding, and adapts to your financial journey. Whether you’re planning for short-term goals like a dream vacation or long-term goals like retirement, SIPs provide a structured, reliable, and highly effective way to achieve financial success.
Key Financial Goals and SIP Planning
Goal 1: Child’s Education (Birth to 18 Years)
Planning for a child’s education is one of the most significant financial goals for any parent. With rising tuition fees and the increasing cost of quality education, starting early becomes essential. The objective of this goal is simple: to build a substantial fund that can comfortably cover your child’s higher education expenses without causing financial stress. Whether it’s funding a professional degree, studying abroad, or pursuing specialized courses, a well-planned Systematic Investment Plan (SIP) can help you achieve this milestone smoothly.
The ideal time to start investing for your child’s education is right from birth. Starting early gives your investments ample time to grow through the power of compounding. With an investment horizon of 18 years, even small, consistent contributions through SIPs in Equity Mutual Funds can generate significant returns. Equity funds, while carrying higher risk, offer greater return potential over the long term, making them suitable for goals with a long investment horizon.
Determining the monthly SIP amount is equally important. Factors such as the estimated cost of education, inflation, and the time left to reach the goal must be considered. Using an SIP Calculator can simplify this process, helping you estimate the monthly contribution required to meet the projected expense. For example, if you estimate that your child’s education will cost ₹30 lakhs in 18 years, the calculator will guide you on the monthly SIP needed to achieve this target based on an assumed annual return rate.
One valuable tip for parents is to increase SIP contributions with every salary hike. As your income grows, raising your SIP amount ensures that your investment keeps pace with inflation and changing financial needs. Additionally, it accelerates your wealth creation journey, helping you stay ahead of rising education costs.
In conclusion, investing in SIPs for your child’s education isn’t just about securing funds—it’s about securing their future opportunities and dreams. By starting early, staying consistent, and making informed decisions, you can ensure that financial limitations never stand in the way of your child’s aspirations.
Goal 2: Child’s Marriage (Birth to 25 Years)
Planning for your child’s marriage is another significant financial milestone that requires thoughtful preparation. Weddings are not just emotional occasions; they also come with substantial financial commitments. From venue costs and attire to catering and ceremonies, expenses can add up quickly. The objective of this goal is to create a dedicated fund that can comfortably cover wedding expenses without causing financial strain or forcing you to dip into other savings or investments.
The ideal time to start investing for this goal is right from your child’s birth. With a time horizon of 25 years, you have the advantage of a long investment period, which allows your money to grow steadily through the power of compounding. By starting early, even modest monthly contributions through a Systematic Investment Plan (SIP) can accumulate into a substantial corpus by the time your child is ready to get married.
For a long-term goal like this, Balanced Mutual Funds or Equity Mutual Funds are well-suited investment options. Equity funds offer higher return potential over time, while balanced funds provide a mix of equity and debt investments, offering both growth and stability. This balanced approach ensures that your investments are optimized for growth while managing risk appropriately.
When deciding the SIP amount, it’s essential to account for inflation and the rising costs associated with weddings. What seems like a reasonable budget today may fall short 25 years down the line. Using an SIP Calculator can help estimate the required monthly investment based on projected costs and assumed annual returns. For example, if a wedding costs ₹20 lakhs today, the inflation-adjusted cost in 25 years could be significantly higher, and your SIP plan should reflect that.
A key tip is to periodically review and adjust your SIP contributions as your financial situation improves. Every salary hike or bonus can be an opportunity to increase your SIP amount, ensuring that your investments stay aligned with your goal.
In summary, planning early and consistently investing through SIPs for your child’s marriage ensures financial preparedness for this special occasion. It’s not just about having enough funds—it’s about giving your child the freedom to celebrate one of life’s most important milestones without financial stress. With disciplined investing and a long-term vision, this goal can be achieved seamlessly.
Goal 3: Buying a Home (25–35 Years)
Owning a home is a dream for many, symbolizing security, stability, and a significant financial milestone. However, buying a home requires substantial financial preparation, especially when it comes to arranging the down payment, which typically amounts to 15–20% of the property’s value. The objective of this goal is to systematically build a fund that can comfortably cover the down payment without relying on loans or disrupting other financial goals.
The ideal time to start investing for a home is early in your career, typically around the age of 25. At this stage, you have fewer financial responsibilities and a longer investment horizon of 10–15 years to build a sizeable corpus. Starting early also allows you to leverage the power of compounding, where your investments generate returns, and those returns further earn profits over time.
For a medium-term goal like buying a home, Hybrid Mutual Funds or Equity Mutual Funds are suitable investment options. Hybrid funds offer a balanced mix of equity and debt, combining growth potential with risk management. Equity funds, on the other hand, provide higher return potential over the long term but come with increased volatility. Depending on your risk appetite, you can choose a combination of these two fund types to optimize your investment strategy.
When determining your monthly SIP amount, it’s important to consider factors like the estimated cost of the home, expected property value appreciation, and your investment horizon. Using an SIP Calculator can help you estimate the required monthly contribution to meet your target. For example, if you’re planning to buy a house worth ₹50 lakhs in 10 years, your SIP plan should account for the rising property prices due to inflation.
One effective strategy is to start small and gradually increase your SIP contributions annually, especially after salary hikes or bonuses. This approach ensures that your investment aligns with your growing income and allows you to stay consistent without feeling a financial burden.
In conclusion, systematic planning and disciplined investing through SIPs can turn the dream of owning a home into reality. By starting early, choosing the right mutual funds, and staying committed to your SIP contributions, you can comfortably build a down payment fund without financial stress. Owning your dream home isn’t just about bricks and walls—it’s about creating a space filled with memories and financial security.
Goal 4: Building an Emergency Fund (Start Immediately)
An emergency fund serves as a financial safety net, protecting you during unexpected situations like job loss, medical emergencies, or unforeseen expenses. The objective of this goal is to maintain a fund equivalent to 6–12 months’ worth of living expenses, ensuring that you can handle financial setbacks without resorting to high-interest loans or disrupting your long-term investments. This fund acts as a cushion, offering both peace of mind and financial stability during challenging times.
The best time to start building an emergency fund is as soon as you start earning. Waiting until a crisis occurs can leave you financially vulnerable, so it’s essential to prioritize this goal early on. Emergency funds are not meant to generate high returns; instead, they should be easily accessible and low-risk. This makes Liquid Funds or Short-Term Debt Funds ideal investment options. These funds offer relatively stable returns, low risk, and quick access to money when needed.
Unlike other financial goals, an emergency fund is an ongoing goal rather than one with a fixed timeline. You must periodically review and adjust the size of your emergency fund based on changes in your lifestyle, income, or expenses. For example, if your monthly expenses increase due to a new financial responsibility, your emergency fund target should also increase accordingly.
One effective way to ensure consistency in building your emergency fund is to automate your SIP contributions. By setting up an automatic debit from your bank account every month, you create a disciplined habit of saving without relying on willpower alone. Even small monthly SIP contributions can gradually build a robust emergency fund over time.
In conclusion, an emergency fund is not a luxury but a necessity. It acts as a financial shield, preventing you from derailing your long-term investment goals during unexpected life events. By starting early, investing in low-risk funds, and automating your SIPs, you can systematically build a safety net that ensures financial security and peace of mind in times of uncertainty.
Goal 5: Retirement Planning (Start at Age 25–30)
Retirement is not just the end of a professional journey; it’s the beginning of a phase where financial independence becomes crucial for a stress-free and comfortable life. The objective of retirement planning is to build a substantial corpus that can support your lifestyle and expenses post-retirement without relying on others. With rising life expectancy and inflation, retirement planning has become one of the most critical financial goals for every individual.
The ideal time to start investing for retirement is as early as possible, preferably between the ages of 25 and 30. Starting early allows you to harness the power of compounding, where your returns generate additional returns over time. This extended investment horizon of 30–35 years ensures that even small monthly SIP contributions can grow into a significant retirement corpus. The key advantage of starting early is that you need to invest less each month compared to someone who starts later in life.
For long-term retirement goals, Equity Mutual Funds are the most suitable investment option. Equity funds have the potential to deliver higher returns over a long investment horizon, outpacing inflation and helping you build a robust retirement fund. However, as you approach retirement age (typically 5–7 years before retiring), it’s advisable to gradually shift your investments from equity funds to balanced or debt funds. This reduces exposure to market volatility and protects your hard-earned savings.
To determine the monthly SIP amount needed to build your retirement corpus, you can use an SIP Calculator. Start by estimating your monthly expenses in today’s value, account for inflation, and project how much you’ll need during your retirement years. The SIP calculator will help you identify how much you need to invest monthly to achieve your target retirement corpus based on your expected annual return rate.
A smart tip for retirement planning is to review and increase your SIP contributions regularly, especially after salary hikes or receiving bonuses. This ensures that your retirement savings keep pace with rising living costs and inflation.
In conclusion, retirement planning is not something to postpone—it’s a goal that demands priority and consistency from an early stage. By starting SIPs early, staying committed to regular investments, and gradually reducing risk as retirement approaches, you can secure financial independence and enjoy your golden years without financial worries. Remember, retirement isn’t just about stopping work; it’s about having the freedom to live life on your own terms.
Goal 6: Dream Vacation (Short-Term Goal, 5–10 Years)
A dream vacation is not just about visiting a destination; it’s about creating lasting memories, experiencing new cultures, and taking a well-deserved break from daily life. However, vacations, especially international trips or luxury experiences, can be expensive. The objective of this goal is to save and invest systematically so that your dream vacation doesn’t strain your finances or disrupt your other long-term goals.
The ideal time to start planning for a vacation is as soon as you decide on your travel plans, even if the trip is several years away. With a time horizon of 5–10 years, you have sufficient time to build a dedicated vacation fund through a Systematic Investment Plan (SIP). The benefit of SIPs for such goals is that they allow you to invest small amounts regularly rather than setting aside a large sum at once.
For short to medium-term goals like a vacation, Balanced Mutual Funds or Debt Funds are ideal investment options. Balanced funds provide a mix of equity and debt, offering both growth and stability, while debt funds focus on capital preservation and lower risk. These funds are less volatile compared to pure equity funds, ensuring that your savings remain relatively stable as your vacation date approaches.
It’s essential to calculate the SIP amount based on your estimated travel expenses, including flights, accommodations, food, shopping, and activities. Using an SIP Calculator can simplify this process by helping you determine the monthly contribution needed to achieve your travel fund goal.
One important tip is to avoid withdrawing from your long-term SIPs for vacation expenses. Funds allocated for goals like retirement or a child’s education should remain untouched, as dipping into these investments can derail your financial planning. Instead, treat your vacation SIP as a separate financial goal and remain disciplined about keeping it dedicated to travel expenses.
In conclusion, a dream vacation should be a joyful experience, not a financial burden. By starting your SIP early, choosing the right mutual funds, and maintaining discipline in your investments, you can ensure that your travel goals are achieved without financial stress. Whether it’s a tropical beach, a historic city, or a mountain retreat, systematic planning through SIPs can turn your dream vacation into reality while keeping your overall financial health intact.
Goal 7: Regular Income Post-Retirement (Age 60+)
Retirement marks a new chapter in life where financial independence becomes a top priority. While you may no longer earn a monthly salary, your expenses—like healthcare, daily living costs, and leisure activities—will continue. The objective of this goal is to ensure a consistent and reliable flow of income post-retirement, allowing you to maintain your desired lifestyle without financial stress. A well-planned investment strategy ensures that your golden years are comfortable, secure, and free from money-related worries.
One of the most effective ways to create regular post-retirement income is through Systematic Withdrawal Plans (SWP). Unlike SIPs, where you invest small amounts regularly, SWPs allow you to withdraw a fixed amount periodically (monthly or quarterly) from your mutual fund investments. This approach ensures a steady income stream while keeping the remaining capital invested to generate returns. SWPs can be started using your retirement corpus, and they provide flexibility in adjusting withdrawal amounts based on your needs.
For post-retirement investments, Debt Funds or Balanced Funds are the most suitable options. Debt funds prioritize capital protection while offering stable returns, making them ideal for retirees who cannot afford high market risks. Balanced funds, on the other hand, offer a mix of equity and debt, striking a balance between growth and stability. While they carry slightly more risk than pure debt funds, they can help your investments outpace inflation over time.
It’s crucial to remember that high-risk equity funds are generally not suitable for post-retirement income, as market volatility can significantly impact your withdrawals and capital. Safety and stability should take precedence over aggressive growth during this stage of life.
One valuable tip for retirees is to plan withdrawals carefully to ensure the longevity of their retirement corpus. It’s wise to calculate your expected monthly expenses and align your SWP withdrawals accordingly. Tools like SWP Calculators can help you determine the optimal withdrawal amount to avoid depleting your savings too quickly.
In conclusion, regular income post-retirement isn’t just about financial stability—it’s about peace of mind and the freedom to enjoy your retirement years to the fullest. By opting for low-risk investments, leveraging SWPs, and managing withdrawals wisely, you can create a reliable income stream that lasts a lifetime. After all, retirement isn’t the end of earning; it’s the beginning of smart financial management for a stress-free future.
Steps to Start SIP for Each Goal
1. Identify Goals:
The first and most crucial step in starting a Systematic Investment Plan (SIP) is to clearly identify your financial goals. Goals can range from short-term objectives like building an emergency fund or planning a vacation to long-term milestones such as retirement planning or funding a child’s education. Each goal should have a specific time horizon and an estimated financial requirement. For example, if you plan to fund your child’s higher education in 18 years or buy a house in 10 years, write down these goals along with an approximate cost adjusted for inflation. Having well-defined goals ensures clarity and helps you prioritize your investments effectively.
2. Use an SIP Calculator:
Once your goals are identified, the next step is to calculate how much you need to invest each month to achieve them. An SIP Calculator is a handy tool that helps estimate your monthly SIP contributions based on factors like the time horizon, expected rate of return, and target amount. For instance, if your goal is to accumulate ₹50 lakhs in 20 years with an assumed annual return of 12%, the calculator will determine the exact monthly SIP amount required. This eliminates guesswork and ensures that your investment plan is aligned with your financial goals.
3. Choose the Right Mutual Fund:
Selecting the right mutual fund is essential for meeting your financial objectives. Different goals require different types of funds. For long-term goals (e.g., retirement or child’s education), Equity Mutual Funds are ideal because they offer higher return potential over extended periods. For medium-term goals (e.g., buying a house), Balanced or Hybrid Funds provide a good mix of growth and stability. For short-term goals (e.g., vacations or emergency funds), Debt or Liquid Funds are safer options. Always consider your risk profile, time horizon, and financial objective when choosing a fund.
4. Automate Investments:
Consistency is the key to successful SIP investing, and automating your investments ensures that you never miss a contribution. By enabling the auto-debit feature from your bank account, a fixed amount will automatically be deducted and invested in your chosen mutual fund on a pre-set date every month. This eliminates the need for manual transfers and reduces the temptation to skip or delay contributions. Automation instills financial discipline and ensures regular investments, regardless of market conditions.
5. Review Periodically:
Financial goals, expenses, and income levels are likely to change over time, so it’s essential to review your SIP investments periodically. Check whether your SIP contributions are on track to meet your goals and whether your chosen mutual funds are performing as expected. If your income increases or if inflation impacts your goals, consider increasing your SIP amount to stay aligned with your objectives. Periodic reviews also help identify underperforming funds, allowing you to make adjustments if necessary.
In conclusion, starting an SIP for each financial goal is not just about investing—it’s about planning, discipline, and periodic evaluation. By identifying clear goals, calculating the right SIP amounts, selecting suitable mutual funds, automating contributions, and regularly reviewing progress, you can ensure a smooth and successful financial journey. SIPs are not just investments; they are a systematic path to achieving every milestone in life with confidence and financial security.
How Much Should You Invest in Each Goal?
One of the most common questions when planning investments through a Systematic Investment Plan (SIP) is, “How much should I allocate to each financial goal?” The answer lies in smart allocation of your income across different goals based on their priority, timeline, and financial significance. Proper allocation ensures that you’re not over-investing in one goal while neglecting others, and it helps maintain a balance between short-term needs and long-term financial security.
A well-structured approach is to break down your income into percentages for each financial goal. This helps you create a disciplined plan and ensures that every important milestone is covered without leaving any gaps. Below is an example allocation that can serve as a guideline:
- Retirement (30%): Retirement planning should be a top priority since it ensures financial independence during your golden years. Allocating around 30% of your monthly investment budget to a retirement-focused SIP helps you build a substantial corpus over time.
- Child’s Education (20%): Education costs are rising rapidly, and investing early is essential to stay ahead of inflation. Allocating 20% of your SIP budget specifically for your child’s education helps you secure their future without financial strain.
- Emergency Fund (10%): An emergency fund is your financial safety net. Allocate at least 10% of your monthly investment budget towards building and maintaining this fund. This ensures you are prepared for unforeseen expenses without disrupting your other investments.
- Vacation (5%): Dream vacations are short-term goals, but they deserve financial planning too. Allocating 5% of your monthly investments towards a vacation fund ensures you can enjoy your trips without dipping into savings meant for other goals.
- Others (35%): This category includes goals such as buying a home, child’s marriage, or any other specific financial objectives you might have. A significant 35% of your monthly investment budget can be distributed across these goals based on their priority and urgency.
It’s important to remember that these percentages are not set in stone. They can vary based on your income level, family structure, risk appetite, and specific life goals. For instance, if you’re single and in your early 20s, you might prioritize retirement and wealth creation over child-related goals. On the other hand, if you’re a parent, goals like your child’s education and marriage might demand higher allocation.
Additionally, as your income increases over time through salary hikes or bonuses, you should adjust these percentages and increase your SIP contributions accordingly. Financial priorities might also shift based on life events, so periodic reviews of your investment strategy are essential.
In conclusion, goal-based SIP investing is not just about starting investments; it’s about smart allocation and ongoing adjustments. By thoughtfully distributing your income across different goals, you can create a robust financial plan that grows with you and ensures financial stability at every stage of life.
Common Mistakes to Avoid in Goal-Based SIP Investing
Investing through a Systematic Investment Plan (SIP) is one of the most effective ways to achieve financial goals systematically. However, many investors unknowingly make mistakes that can derail their investment journey and prevent them from reaching their financial milestones. Being aware of these common errors and avoiding them can make a significant difference in your wealth creation journey.
1. Starting SIPs Late:
One of the biggest mistakes investors make is delaying the start of their SIP investments. Many people believe they need a substantial income or savings to begin investing, but SIPs are designed to start small and grow over time. The earlier you start, the more time your investments have to benefit from the power of compounding. For instance, someone who starts investing ₹5,000 per month at the age of 25 will accumulate significantly more wealth than someone who starts at 35, even if the latter invests a higher amount. Delaying your SIPs reduces your ability to build wealth efficiently, making it essential to start as early as possible.
2. Withdrawing from SIPs for Non-Goal Purposes:
Another common mistake is withdrawing funds from SIP investments for non-goal-related expenses, such as buying gadgets, funding vacations, or addressing impulsive financial needs. SIPs are designed for long-term wealth creation and specific financial goals, and premature withdrawals disrupt the compounding process. This not only hampers your goal achievement but also reduces the overall returns on your investments. To avoid this, always keep your SIP investments dedicated to their intended financial goals and maintain separate funds for short-term or unexpected expenses.
3. Ignoring Inflation While Calculating SIP Goals:
Many investors fail to account for inflation when planning their SIP goals. Inflation erodes the purchasing power of money over time, which means the amount needed to achieve financial goals will be much higher in the future than it is today. For example, if higher education costs ₹10 lakhs today, it might cost ₹25–30 lakhs in 15 years. Ignoring inflation can lead to a significant shortfall in your financial corpus. Using an SIP calculator that factors in inflation can help you set realistic investment targets and prevent future financial gaps.
4. Not Increasing SIP Amounts Regularly:
While many investors start SIPs with enthusiasm, they often fail to increase their monthly contribution as their income grows. Over time, salary hikes, bonuses, or increased profits provide opportunities to boost your SIP amounts. Increasing your SIP by even 5–10% annually can have a significant impact on your long-term wealth accumulation. This practice ensures that your investments keep pace with your rising income and inflation, helping you stay on track to achieve your financial goals.
In conclusion, avoiding these common SIP mistakes is crucial for building a strong financial foundation. Start investing early, stay disciplined, avoid unnecessary withdrawals, account for inflation, and increase your SIP contributions regularly. SIPs are not just financial instruments—they are habits that, when followed diligently, can secure your financial future and bring you closer to achieving your life goals. By steering clear of these pitfalls, you can make your SIP investments truly effective and rewarding.
Conclusion
Investing through a Systematic Investment Plan (SIP) is not just a financial strategy—it’s a habit that fosters financial discipline, patience, and long-term vision. The importance of starting early cannot be emphasized enough, as time is one of the most powerful allies in wealth creation. The earlier you start, the more you can benefit from the power of compounding, where your returns grow exponentially over time. Equally important is consistency—sticking to your SIP contributions regardless of market fluctuations ensures that you remain focused on your goals without being swayed by short-term market movements.
However, starting and staying consistent aren’t enough; regular reviews of your SIP investments are equally crucial. Life goals, income levels, and market conditions are bound to change over time. Periodic reviews help you assess whether your SIP contributions are on track to meet your objectives and allow you to make adjustments if necessary. Whether it’s increasing your SIP amounts after a salary hike or reallocating your investments to align with changing goals, staying proactive ensures your financial plan remains effective.
SIPs are not just about growing wealth—they represent a financial habit that empowers you to take charge of your future. By systematically investing towards specific goals, you’re not just saving money; you’re building a roadmap for financial security, freedom, and peace of mind. Whether it’s planning for your child’s education, buying a home, enjoying a dream vacation, or securing a comfortable retirement, SIPs provide a structured and reliable way to achieve your dreams.
So, don’t wait for the “perfect time” to start. The best time to start an SIP is today. Every financial goal, big or small, deserves a well-thought-out plan. As the saying goes, “Start SIPs today – Every goal deserves a plan!” Take that first step towards financial freedom and let your investments work tirelessly to turn your dreams into reality.
Disclaimer – The information provided in this article is for educational and informational purposes only and should not be considered financial advice. Mutual fund investments are subject to market risks, and past performance does not guarantee future results. Readers are encouraged to consult a certified financial advisor before making any investment decisions. The SIP strategies and examples mentioned in this article are general in nature and may not suit every individual’s financial situation or goals. Always conduct your own research and consider your risk appetite, financial goals, and investment horizon before starting an SIP.
Also Read – Why Falling Markets Can Be the Best Time to Invest
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