Wedding SIP: Do you also dream that your wedding will be royal and grand? Do you also want to have a destination wedding like the celebs? Or do you also want to wear a designer lehenga in your wedding like the celebs? So this also requires a lot of money, where will it come from? This is not a difficult task but very easy. For this, it is necessary to have a little understanding and a routine. Let us tell you how.

How to save money for marriage?
Nowadays the expense of marriage reaches lakhs of rupees. In such a situation, many people take loan for marriage or exhaust their savings. But if you want to save your savings and do not want to take a loan, then you should start investing from now on. For this you can take help of Wedding SIP. This will be easy and you will not incur too much debt.

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How will Wedding SIP work?
Everyone has to get married sometime or the other, in such a situation, suppose your marriage is to happen after 10 years and Rs 20 lakh is required for it. If you start investing in SIP every month from now and get around 12% annual returns, then you can save lakhs of rupees for your marriage.

Even if you have been married for 5 years, you can still save around Rs 5 lakh. For this you will have to invest around Rs 2500 every month in SIP. This is not a huge amount, but it can definitely cover your wedding expenses.

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Which expenses can be covered?
If you are a bride and have deposited Rs 5 lakh through SIP, then you can bear the expenses like your wedding clothes, jewellery, make-up for every function, shoes and slippers etc. yourself. By doing this you will not have to worry about anything and it will not put too much burden on the family.

So if you are a groom, then there is no expense for clothes and jewellery. But you will be able to bear the burden of facilities like catering or booking the hall for your wedding yourself. Or with this you will also be able to go on honeymoon after marriage.

SIP Rules: In today’s time, investing in mutual funds has become a need for everyone. In this also people are preferring to invest through SIP (Systematic Investment Plan). This is a very popular system, which does not put much burden on the investor’s pocket. However, this is a bit difficult for investors to understand. How much return can I get? In how much time will the money increase? There is always doubt on such questions. In such a situation, the 7-5-3-1 rule acts as a handy guide. So let us also tell you what is this rule?

What is SIP Rule 7531?
If you also want to invest in SIP then know about this rule. According to this rule of SIP, if you invest in SIP for a long time, your money may grow at different rates at different times. In simple words, this rule states that your investment money can double in approximately 7 years, can increase by 50% in 5 years, can increase by 30% in 3 years, and can give you returns of up to 10% in 1 year. However, this is just an estimate and also depends on the market situation.

understand with example
Suppose a person has done SIP of Rs 5 thousand every month. If he continues this investment for 7 years, his total investment will be Rs 4.2 lakh. According to the 7-5-3-1 rule, this amount can almost double to around Rs 8 lakh. However, it completely depends on the fluctuations of the market. You can get less amount than this or even more.

Similarly, if a person makes the same investment for 5 years, he can get a return of around Rs 6 lakh. Whereas on investment of 3 years this amount can reach around 2.3- 2.5 lakhs. If you invest for one year, this amount will increase marginally. Due to which there will be no benefit to you or any investor.

Let us tell you that every investment also depends on the market condition. It is very important for the investor to remain patient. So that every investor can get long term benefits. Because the real benefit of SIP comes only with time.