Will my SIP of Rs 40,000 be enough to get Rs 40 lakh for my daughter’s wedding?
An investor, aged 52, has been contributing ₹40,000 monthly to equity mutual funds for 10 years and is concerned about funding his daughter's wedding, estimated to cost ₹40 lakh in four years. Experts suggest that, considering 10% annual inflation, the required amount could rise to approximately ₹58.6 lakh, recommending a gradual shift to safer investments like debt funds a year before the wedding to mitigate market risk. Regular portfolio reviews every 6 to 12 months are advised to ensure alignment with financial goals.