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Wedding Plan Calculator
Overview
Destination wedding or a homely celebration- planning a wedding can be an expensive affair, but it doesn't have to be. Planning a grand wedding is a dream for many. However, with rising living costs and inflation, managing your wedding expenses can be quite challenging without proper planning. To achieve your dream wedding, consider it a financial goal and start investing in mutual funds now.
How can inflation affect your future?
Today ₹ 111.3
In 5 Years₹ 142.1
Today ₹ 7,500
In 5 Years₹ 9,572
Today ₹ 23,250
In 5 Years₹ 29,674
Today ₹ 8,700
In 5 Years₹ 11,104
Today ₹ 3,750
In 5 Years₹ 4,786
Today ₹ 5,270
In 5 Years₹ 6,726
Benefits of Investing in Shriram Mutual Funds for Wedding Plan
Diversification
Mutual funds invest in a mix of assets like stocks, bonds, and other securities. This diversification reduces the risk associated with putting all your money into a single investment, while spreading the risk and increasing the potential for returns.
Professional Management
It is managed by professional fund managers who have the expertise to analyse markets and make informed decisions. This means you don't have to be an expert in stock-picking or investing; the professionals handle it for you, aiming to provide the best possible returns
Systematic Investment
SIPs allow you to invest a fixed sum in mutual funds at regular intervals, making it easier to save methodically for your wedding. They also benefit from the power of compounding, which can enhance returns over a longer time frame
Liquidity and Flexibility
Unlike other long-term investments, mutual funds offer relatively easy liquidity. This can be beneficial if unexpected expenses arise during wedding planning. You can typically redeem your investment within a few business days, providing flexibility in cash flow.
Tax Efficiency
By investing in tax-saving mutual funds, you not only grow your money but also reduce your tax liability, leaving more funds available for the wedding.
Who should invest in Shriram Mutual Fund for Wedding Plan?
- Future-focused couples looking for a dream wedding.
- Parents of the bride and groom looking to build a wedding corpus.
- Individuals looking to start small by embracing systematic investments.
- Goal and benefit-oriented individuals looking to save while seeking tax benefits.
How to fund your wedding using Shriram Mutual Fund?
Step 01
Use our mutual funds for wedding planning calculator to find out investment.Step 02
Register and create a folio by completing KYC verification and bank account authentication.
Step 03
Select the mutual fund you wish to invest in.
Step 04
Choose SIP or lump sum and make the payment.
Step 05
Receive a confirmation of your investment.
Frequently Asked Questions
What is a mutual fund for wedding planning?
How does a mutual fund for wedding planning work?
Is it a good idea to invest in mutual funds for my daughter's or son’s wedding?
Can mutual funds be used to fund my own wedding?
How do I invest in mutual funds for a wedding?
What are the risks of investing in mutual funds for a wedding?
How much should I invest in mutual funds for a daughter's wedding?
What is the best way to get started with investing in mutual funds for a wedding?
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