Posted on 3/31/2023 9:07:00 AM

Getting married is a special occasion in everyone's life, and we all want it to be memorable. For many couples, a destination wedding is a dream come true. However, organizing a destination wedding can be an expensive affair. The good news is that with the right financial planning and regular investments in mutual funds via SIP (Systematic Investment Plan), you can make your dream destination wedding a reality.

What is SIP?

SIP or Systematic Investment Plan is a smart and hassle-free investment option offered by mutual funds. It allows you to invest an amount of money regularly, say once a month, into a mutual fund scheme of your choice. The amount invested is automatically deducted from your bank account and invested in the mutual fund scheme you choose. SIP investments can help in building wealth over the long term, and also help in averaging out the investment cost by purchasing units at different market levels. An SIP can help you create a corpus by investing in small instalments according to your comfort level.

How can SIP help in achieving your dream destination wedding?

Here are some ways in which regular investment in mutual funds via SIP can help you in reaching your goal of a dream destination wedding:

1. Start early and plan for the long term: The key to successful investing is to start early and plan for the long term. The earlier you start investing in mutual funds via SIP, the more time your money has to grow. Investing regularly over a long period of time might help you accumulate a sizeable corpus that can be used for your dream destination wedding.
2. Set a realistic target: Once you have decided on your dream destination wedding, set a realistic target amount that you need to save. This will help you to plan your SIP investments accordingly.
3. Choose the right mutual fund scheme: Choose a mutual fund scheme that suits your investment goals, risk appetite, and investment horizon. Mutual funds offer a wide range of options for investors, including equity schemes, debt schemes, hybrid schemes and more.
4. Stick to your investment plan: It's important to stick to your investment plan and invest regularly in mutual funds via SIP. This will help you to achieve your investment goals and avoid the temptation of withdrawing your investments.
5. Keep track of your investments: It's important to keep track of your investments and review your portfolio periodically. This will help you to make any necessary adjustments to your investment plan based on market conditions and changes in your personal circumstances.

How do you plan for an event that can be several years away?

You will need to draw up a detailed plan covering the basic expenses including your dreams and aspirations. Be it the location or the number of guests, the cuisine, the theme, the bridal clothing and jewellery, everything will need to be carefully planned as the amount of money required may vary depending on the actual plan.

You should separate the basic expenses from the aspirations and plan accordingly. To cover the basic expenses, you will need to invest in plans that has the potential to offer stable returns. You should also be able to withdraw the funds easily when required. You can start by calculating the approximate amount required and the timeline for working out the amount of SIP needed. You can use a SIP calculator for this purpose.

To meet the aspirations part of the wedding expenses, you can look at investing in some equity schemes which may have better chances of providing good/reasonable returns depending on the time you have in hand. Example, if you have 7-10 years in hand, then equity schemes can help deliver reasonable returns though the risk is very high.

If you are looking at a lower time frame you can go for debt schemes. However, it’s better to have at least three years in hand.

Creating a huge corpus for our dream destination cannot happen overnight. It will require careful planning. You may be required to cut back on unwanted expenses to increase your SIP investments. Investing regularly via SIP and increasing the amount whenever possible will help you have a dream wedding without the need to borrow money at high-interest rates.

Making your money work for you will require discipline and consistency. Once you decide on your goal and arrive at the amount needed, all it will take is remaining committed to the SIP for the period required.


A destination wedding can be a memorable experience, but it can also be an expensive one. By investing regularly in mutual funds via SIP, you can build a sizeable corpus that can help you achieve your dream destination wedding. The key is to start early, set a realistic target, choose the right mutual fund scheme, stick to your investment plan, and keep track of your investments. So start investing today and make your dream destination wedding a reality. An ocean is created drop by drop. Aim to make your dream destination wedding come true with an SIP.

An investor education initiative by ICICI Prudential Mutual Fund
Visit to know more about the process to complete a one-time Know Your Customer (KYC)requirement to invest in Mutual Funds. Investors should only deal with registered Mutual Funds, details of which can be verified on the SEBI website ( For any queries, complaints & grievance redressal, investors may reach out to the AMCs and / or Investor Relations Officers. Additionally, investors may also lodge complaints on if they are unsatisfied with the resolutions given by AMCs. SCORES portal facilitates you to lodge your complaint online with SEBI and subsequently view its status.(
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Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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