Ideal Savings & SIP amount for newlyweds

Starting your financial journey as a newlywed couple is a great opportunity to build a strong foundation for the future. One of the best ways to do this is by investing in Systematic Investment Plans (SIPs), which provide disciplined savings and long-term wealth creation. But how much should you invest? Let’s break it down.

1. Assess Your Financial Goals

Before deciding on an SIP amount, list out your short-term and long-term goals:

• Emergency Fund: 6-12 months’ worth of expenses (15-20% of monthly income) to cover unexpected situations like job loss or medical emergencies.

• House Purchase: Down payment savings (₹10-₹25 lakh over 5-7 years) depending on city and property cost.

• Travel & Lifestyle: Budget for annual vacations and luxury purchases (₹1-₹3 lakh per year, adjusted for inflation).

• Children’s Education: Start early to accumulate ₹30-₹75 lakh over 18 years for higher education expenses.

• Retirement Planning: Aiming for ₹3-₹7 crore over 30+ years to maintain financial independence in later years.

• Wealth Building: Investments beyond essential needs to secure financial freedom and long-term aspirations.

  
  

2. Financial Planning for Newlyweds: Income, Expenses & Savings

• Necessities (50%): Rent, EMIs, utilities, groceries, insurance premiums, transportation.

• Discretionary Expenses (20-30%): Travel, dining, entertainment, hobbies, shopping.

• Savings & Investments (20-30%): Emergency fund, SIPs, insurance, and other goal-based investments.

  
  

  Pro Tip - Ideally, at least 15-25% of your monthly income should go into SIPs, growing as your earnings increase.

3. SIP Allocation Based on Risk Appetite

• Aggressive (High Growth Potential, Long-Term)

  • Large & Mid Cap Equity Funds

  • Flexi-Cap Funds

  • Small Cap Funds

• Moderate (Balanced Growth & Stability)

  • Large Cap Funds

  • Corporate Bond Funds

  • Multi Asset Allocation Funds

• Conservative (Low-Risk, Stability Focused)

  • Short & Ultra Short Duration Funds

  • Hybrid Debt-Oriented Funds

  • Liquid Funds

4. Recommended SIP Amounts for Newlyweds (Based on Income Levels)

• Couple’s Combined Monthly Income: ₹50,000 - ₹1,00,000

  • Suggested SIP Investment: ₹10,000 - ₹20,000 per month (20%)

  • Future Planning: Prioritize an emergency fund, start with equity-heavy SIPs, and build savings for a home down payment.

• Couple’s Combined Monthly Income: ₹1,00,000 - ₹2,00,000

  • Suggested SIP Investment: ₹20,000 - ₹50,000 per month (20-25%)

  • Future Planning: Diversify into equity, hybrid funds, and debt funds for stability while focusing on medium and long-term goals like homeownership and children’s education.

• Couple’s Combined Monthly Income: ₹2,00,000+

  • Suggested SIP Investment: ₹50,000+ per month (25-30%)

  • Future Planning: Maximize equity exposure for high returns, invest in multi asset funds for diversification, and secure retirement and legacy wealth.

5. Tips to Optimize SIP Investments

• Increase SIPs gradually as your income grows to beat inflation.

• Diversify across equity and debt funds to balance risk.

• Automate investments to maintain consistency and avoid emotional decision-making.

• Review & rebalance your portfolio annually to stay aligned with financial goals.

• Factor in inflation while setting long-term goals to ensure adequate savings.

Final Thoughts

There’s no one-size-fits-all SIP amount for newlyweds—it depends on income, financial goals, and risk tolerance. The key is to start early, stay consistent, and increase contributions as your financial situation improves. Investing as a couple ensures financial security and helps build a comfortable future together.

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Disclaimer: This blog is for educational purposes only. The securities/investments mentioned here are not recommendations.

P.S. If mutual funds are on your mind, check out Miles Wealth! We make investing easy with personalised mutual funds tailored to your risk tolerance and financial goals. No need to be a finance expert or spend hours researching—just invest in funds that truly fit you. Download Miles Wealth today!

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