In a country like India with myriad customs and traditions,
marriages are lifetime events. And could come at considerable
cost, as it's every parents wish to make this special
event memorable and grand. Whether a boy or a girl,
marriage means a lot of social interactions and hence,
planned and unplanned expenses.
Let's take a look at what a typical upper middle class marriage
would cost in days to come
Average cost today
-
Rs.
5,00,000
5 years later it could cost
-
Rs.
7,35,000
10 years later
-
Rs.
10,80,000
15 years later
-
Rs.
15,86,000
(Increase in cost anticipated at 8% p.
a.)
If you require Rs. 16 lacs as shown above,
15 years from now, do you know how much you need to save to
have the desired amount? Analyse this simple table
One time investment today
-
Rs.
5,00,000
Yearly investment for 15 years
-
Rs.
54,000
Monthly investment for next 15 years
-
Rs.
4550
Moral of the story? The sooner one starts
investing, the easier will be the achievement of the goal
set.
THE MOST IMPORTANT THING AFTER THE BRIDE AND THE GROOM
An ideal marriage for one's child is a cherished dream of
every parent. Realisation of this dream is no easy task. A
little foresight, however, can make it possible
What you need is a long term financial plan, to help this
dream come true.
A plan that provides the right mix of investments that grows
with your child. Investments that will keep pace with time.
Taking care of your cash flow needs at the right time.
Talk to Birla Sun Life Distribution Co. Ltd. and see what difference we can make to your financial
planning. We can work out a perfect plan
