How Mool helped Jatin achieve his goal of buying a home in Bangalore?

Jatin’s journey to purchasing his ₹50 lakh flat in Bangalore was made achievable with Mool’s practical support:

Setting Up the SMART Goal

Mool assisted Jatin in setting a clear, SMART goal to buy a ₹50 lakh home within 3 years, with his ₹60k monthly income. This goal was Specific, Measurable, Achievable, Relevant, and Time-bound.

Understanding Requirements

Mool advised Jatin to invest in a Systematic Investment Plan (SIP) of ₹24,000 per month, which grew at a rate of 9% annually. This helped him accumulate ₹10 lakh for the down payment on his flat.

Executing the Plan

Mool recommended low-risk mutual funds for his SIP, suitable for the 3-year investment horizon. These funds provided a balanced approach to achieving steady growth while aligning with Jatin’s risk tolerance.

Achieving the Goal

By diligently following the investment plan and tracking his progress with Mool’s tools, Jatin successfully reached his down payment target of ₹10 lakh and bought the flat within the 3-year timeframe.

With Mool’s practical guidance, Jatin effectively managed his investments and achieved his goal of homeownership.