I want to buy a car next year
Love the clarity. A couple of quick questions so I can set up a proper goal with an SIP plan:
Roughly how much are you looking at?
Roughly how much are you looking at?
Around 12 lakh. Maybe a bit more for a decent EV.
Got it. I'll plan for ₹13L to give you a buffer. Do you already have any money set aside for this, or are we starting from zero?
I have about 3L in my savings account for this.
Nice head start. Here's the plan I'd recommend — a 13-month SIP in a conservative hybrid fund so you don't take on equity risk this close to the purchase:
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New goal · Pending your approval
Buy a car (EV)
₹13,00,000
by May 2027 · 13 months horizon
Seed amount
₹3,00,000
Monthly SIP
₹75,000
Risk bucket
Conservative hybrid
Ask MIA anything...