Why Plan a Financial Legacy?
Wealth transfer to the next generation is a primary goal for many investors. Whether it's to fund your children's education, their weddings, or simply to provide them with financial security, systematic planning is key.
The Family SIP Legacy Planner helps you visualize how small, disciplined investments today can compound into a massive fortune over 20, 30, or 40 years.
The Power of Long-Term Compounding
Legacy planning inherently involves long time horizons. As Warren Buffett says, "My wealth has come from a combination of living in America, some lucky genes, and compound interest."
By investing ₹10,000 monthly for 30 years at 12%, you create a corpus of over ₹3.5 Crores. But if you extend that to 40 years, the corpus jumps to nearly ₹11.8 Crores! That is the legacy you can leave behind.
Tips for Legacy Planning
- Start Early: Time is the biggest factor in legacy creation.
- Equity is Key: For long durations (10+ years), equity mutual funds generally beat inflation and other asset classes.
- Nomination: Ensure all your investments have proper nominees updated to ensure smooth wealth transfer.