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Goal based Top Up SIP

A Goal-Based Top-Up SIP (Systematic Investment Plan) is a tailored investment strategy designed to help individuals achieve specific financial goals, such as buying a home, funding education, or retirement planning. It combines the regularity of SIPs with the flexibility of increasing contributions as your income grows. Here’s a detailed breakdown:

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Your Financial Goal (Rs)
500
Investment Period (Years)
1
Expected Rate of Return (% per annum)
1
The expected rate of inflation over the years (% per annum)
1
SIP Top-Up (% per annum)
1
Rs. 2,16,09,712
Your Targeted Amount
(Inflation adjusted)
30 Years
Number of years to achieve your goal
Rs. 2,483
Monthly SIP Amount (For the First Year in Rs.)
Rs. 2,483
Total Amount Invested in 30 years
(Sum of all your monthly installments with annual Top-Up in Rs.)
Rs. 2,483
Total Growth Amount
Rs. 2,17,10,408
Final Amount
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FAQ

Frequently Asked Question

What is a mutual fund?
A mutual fund is a pooled investment vehicle that collects money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities. It is managed by professional fund managers.
How do mutual funds work?
Investors buy units of a mutual fund, and their money is combined with others. The fund manager uses this pool to invest in various assets. Any gains or losses are distributed proportionally among the investors based on their units.
Are mutual funds safe?
Mutual funds are subject to market risks. However, the risk level varies depending on the type of fund. For example, equity funds are higher-risk, while debt funds are relatively safer.
Can I lose money in mutual funds?
Yes, mutual funds are linked to market performance, so there is a risk of loss. The extent of loss depends on the type of fund and market conditions.
What is the expense ratio?
The expense ratio is the annual fee charged by the mutual fund to manage your investments, expressed as a percentage of the fund's assets.