Archive · 3 Oct 2025
CA Recommends ₹12,000 Monthly SIP for Wedding Savings
Imagine you want to save money for a big wedding in the future.
A CA suggests a smart plan: start saving a little each month and increase it every year.
They recommend putting in ₹12,000 per month, and increasing this amount by 10% each year.
This way, your savings grow faster over time.
They also expect to earn around 12% interest each year.
After 20 years, you could have saved around ₹50 lakh, enough to pay for the wedding.
This method helps because your income likely goes up over time, making saving easier.
CA Nitin Kaushik shared a financial strategy on X (formerly Twitter).
The strategy uses a step-up Systematic Investment Plan (SIP).
The goal is to accumulate ₹50 lakh over 20 years.
The plan starts with a monthly investment of ₹12,000.
The investment amount increases by 10% annually.
- Who
- CA Nitin Kaushik
- What
- Recommended a step-up SIP strategy to save for a child's wedding.
- When
- The strategy is designed for a 20-year timeframe.
- Where
- N/A
- Why
- To accumulate sufficient funds for a child's wedding expenses without financial strain.
- Financial Goal
- ₹50 lakh corpus
- Investment Instrument
- Step-up SIP
- Initial Monthly Investment
- ₹12,000
- Annual Increase
- 10%
- Investment Duration
- 20 years
- Anticipated Return
- 12% annually