News From Press How should I accumulate ₹1 crore in six years to fund my home?

How should I accumulate ₹1 crore in six years to fund my home?

Source:Mint Jan 25, 2024

My husband and I earn ₹20 lakh annually and invest ₹40,000 every month via a systematic investment plan (SIP) which I started two months ago. I have ₹3 lakh in direct stocks and some investment in gold. We want to accumulate ₹1 crore in six years for the down payment of our home. Do we need to step up the monthly investment every year? If so, how do we go about with it?

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