Invest in Shriram Mutual Funds and Accelerate your Journey Towards buying your Dream Car
Your dream car could be closer than you imagined. Mutual funds present a smart method to accumulate corpus to buy your dream car with the potential for growth, diversification, and easy liquidity.
How can inflation affect your future?
At retirement ₹ 158.87
At retirement₹ 19,500
At retirement₹ 57,550
At retirement₹ 16,550
At retirement₹ 12,825
At retirement₹ 17,570
Benefits of Investing in Shriram Mutual Funds for Dream Car
Investing in mutual funds for your dream car goal offers diversification, spreading your money across equities, debt, and hybrid funds. This minimizes the risk and helps to manage market volatility.
Professional Fund Management
Our mutual funds are managed by experienced fund managers who make investment decisions for you, leveraging their expertise to maximize your returns and help you achieve your dream car goal.
Systematic Investment Plans (SIPs)
To achieve your dream car, think about starting SIPs in mutual funds. SIPs enable regular, small investments that accumulate over time, ensuring commitment to your goal and capitalizing on compounding.
Liquidity and Accessibility
Mutual funds provide high liquidity, allowing partial or full redemption as needed. This accessibility ensures easy and quick access to funds for a down payment or buying your dream car without delays.
Investing in Equity Linked Savings Schemes (ELSS) lets you enjoy tax benefits under Section 80C of the Income Tax Act, 1961. This aids in achieving your dream car goal and the benefit of tax savings.
Who should Invest in Shriram Mutual Fund for Dream Car?
- Individuals with a specific goal of purchasing their dream car.
- Those who have a long-term perspective for their investment.
How to Invest in Shriram Mutual Fund for Dream Car
Step 01Use our dream car planning calculator to find out investment
Step 02Register and create a folio by completing KYC verification and bank account authentication.
Step 03Select the mutual fund you wish to invest in.
Step 04Choose SIP or lump sum and make the payment.
Step 05Receive a confirmation of your investment.
Frequently Asked Questions
What is a mutual fund for dream car ?
There are specific mutual funds specifically designed to help individuals save and grow their money with the goal of purchasing their dream car. It offers a long-term investment strategy that aims to generate returns to fund the desired car purchase.
How does a mutual fund for dream car work?
Mutual fund pools money from multiple investors and invests it in a diversified portfolio of securities. The fund is managed by professionals who make investment decisions on behalf of the investors. Over time, the fund's value may increase, potentially providing the necessary funds for purchasing the dream car.
What are the benefits of investing in a mutual fund for dream car ?
Investing in mutual funds offers potential growth through diversified investments, access to professional expertise, the power of compounding, and flexibility in investment amounts. It allows individuals to systematically save and accumulate funds for their dream car purchase.
How long does it typically take to accumulate enough funds for a dream car through a mutual fund?
The time it takes to accumulate enough funds for a dream car varies depending on factors such as the desired car's price, the amount invested, the rate of return, and the investment duration. Generally, it requires long-term commitment and consistent contributions over several years to reach the target amount.
Can I withdraw money from a mutual fund for dream car before reaching my goal?
Mutual funds typically allow investors to redeem their investments, but it's important to consider any applicable fees, penalties, or tax implications. Withdrawing funds before reaching the desired goal may impact overall growth and potentially delay the purchase of the dream car.
How can I choose the right mutual fund for my dream car?
Choosing the right mutual fund for your dream car involves evaluating factors such as the fund's investment strategy, historical performance, fees, and the fund manager's expertise. It's advisable to conduct thorough research, consult with a financial advisor, and consider your risk tolerance and investment goals before making a decision.