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Finance
Estimate the monthly SIP needed to fund a wedding in India — one of the largest single planned expenses many families budget for — inflated to the year you'll actually need the money.
Two steps. First, today's estimated wedding cost is projected forward at your expected inflation rate, compounding once per year: future cost = cost today × (1 + inflation rate)^years. Second, that inflated cost becomes the target future value for a monthly SIP, solved by inverting the standard SIP future-value formula — the level monthly contribution whose monthly-compounding accumulation, at your expected investment return, reaches the target exactly at the end of the horizon. Assumption to state explicitly: unlike education costs, wedding costs are assumed to inflate at roughly general CPI (defaulting to 7% here), not at an elevated, sector-specific rate — venue, catering, and jewellery prices broadly track the wider economy rather than outrunning it the way tuition does. As with every goal-planning calculator, the investment return is held constant for the tenure and the result excludes taxes and fund charges.
Wedding costs — venues, catering, jewellery, travel — broadly track general consumer price inflation rather than the elevated, sector-specific inflation seen in education (driven by tuition and study-abroad currency effects). So this calculator defaults to a general CPI-style rate (~7%) instead of education's ~10%.
Either. The model doesn't distinguish; just set the horizon to however many years away the wedding is and the estimated cost to today's price for the scale of wedding you're planning.
Enter only the portion you personally plan to fund as 'today's estimated wedding cost' — the calculator solves for the SIP needed to cover that share, not the full wedding budget.