Turn your bonus, inheritance, or savings into your dream home makeover fund. Discover how to strategically invest your lumpsum to achieve that fresh, modern look you've always wanted.
Got a chunk of money? For medium-term goals (2-5 years) like a home renovation, investing a lumpsum wisely can supercharge your savings, beating inflation and growing your fund faster than a savings account.
A lumpsum calculator is your essential planning partner. It helps you see how much your money can grow, what returns you need, or if you need to add small SIPs to hit your renovation target.
For 2-5 year renovation goals, blend equity with debt. Consider Balanced Advantage Funds or Aggressive Hybrid Funds for growth potential with some stability. Avoid high-risk options for shorter timelines.
Don't underestimate costs (factor inflation!), ignore your risk tolerance, or panic during market dips. Rebalance as you near your goal, and NEVER dip into your dedicated renovation fund early!
As your renovation date approaches (e.g., 6-12 months out), gradually move investments to safer debt options to protect your capital. ELSS funds are not suitable due to their lock-in period.
See how much your lumpsum can grow! Visit sipplancalculator.in. Enter your initial amount, leave the 'Monthly SIP' field blank, then choose your tenure and expected return rate. Your dream home awaits!