Will increasing my mutual fund SIPs by 15% each year help me achieve my goals?
I have been investing in mutual funds through Systematic Investment Plans (SIPs) for 3 years now. My age is 37 years old. Currently, I have the following financial goals planned. One, I would like to have Rs. 65 lakh in 20 years from now for daughter’s upbringing and another Rs. 65 lakh in 23 years for her marriage. For my retirement, I would like to accumulate Rs. 2.5 crores in 25 years. Apart from this, I have two EMI loans of Rs. 6,000 in total for 2 years and I want to close them before July 2022.