Question 1

How do I decide my investment goal amount?

Accepted Answer

Consider the future cost of your goal, including inflation. For example, if a house costs ₹80 lakh today and you plan to buy in 10 years with 6% inflation, the future cost would be approximately ₹1.43 crore. Use this future cost as your goal amount.

Question 2

What return rate should I use for my goal?

Accepted Answer

For equity mutual funds, use 12% for long-term goals (7+ years). For medium-term (3-5 years), use 10% with a balanced/hybrid fund. For short-term (under 3 years), use 7% with debt/liquid funds. Be conservative in your estimates.

Question 3

Can I use one SIP for multiple goals?

Accepted Answer

It is better to have separate SIPs for each goal so you can track progress independently and avoid confusion at the time of withdrawal. If one goal is met, you can redirect that SIP to another goal.

Question 4

What if I miss SIP payments?

Accepted Answer

Missing a few SIP payments does not terminate your SIP - it just misses that month. However, 3 consecutive missed debits may auto-cancel the SIP. You can restart it. Missing payments delays your goal, so set up auto-debit and choose a date right after salary credit.

Question 5

Should I increase my SIP amount every year?

Accepted Answer

Yes! A step-up SIP (increasing SIP by 10-15% annually with salary hikes) dramatically accelerates your goal. A ₹10,000 SIP with 10% annual step-up for 15 years at 12% returns gives ₹47L vs ₹25L without step-up - nearly double.

Goal Calculator

Frequently Asked Questions

Goal Calculator

Frequently Asked Questions