Keep boosting your investments each year, or when income rises

I work in the manufacturing sector with a take-home salary of  ₹65,000 and my wife is working in the IT sector with a take-home salary of  ₹60,000. I am repaying a home loan at an equated monthly instalment (EMI) of ₹44,000 for the next 12 years. My daughter is 1.5 years old. My primary goal is wealth creation to meet my goals such as a retirement corpus, and my child’s education and marriage. My existing systematic investment plans (SIPs) are about  ₹26,000 a month, which I have started within a year. I plan to step up some of my SIPs by a minimum of 10%.

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