Plan a girls trip
Buy my joyride
A place of my own
Study or sponsor
Invest in jewellery
Save up on tax
Inflation Rate The rate at which the value of a currency is falling against the general level of prices for goods and services which is rising.
Inflation rate is subject to change basis economic dynamics. You can change the values as per your understanding
Interest rate is the percentage of money a bank pays you to keep your funds in their savings account.
The interest rate mentioned here is for a regular savings account. If you wish to invest in some other instrument, you can change the interest rate as per returns expected from the instrument
The rates entered are the ongoing rates, you can change the same as per your understanding, if you wish to
You may have to invest Rs 10,887 per month.
Please note that the above suggestion in made considering the tenure of your specific goal. We have assumed a default Rate of Interest of 4% in order to calculate the amount of investment you have to make to possibly achieve your goals. However, there is no assurance that you will be able to achieve the Rate of Return mentioned above and therefore, your goal
Note: The Rate of Return used for the above calculation is the Rate of Return on Kotak Silk Accounts under the Slab of Rs. 1 Lac to 1 Crore. Readers are advised to seek independent professional advice & arrive at an informed investment decision before making any investments.
Invest Rs XXXXXX to accumulate Rs. XXXXX at 6% inflation rate and 4% interest rate