SIP Readiness Check

This is not a generic questionnaire.

This assessment has been crafted to evaluate your readiness across five pillars of wealth creation—financial stability, goal clarity, behavioural discipline, investment understanding, and long-term commitment.

Each pillar consists of 5 precise Yes/No questions that together offer a refined perspective on how prepared you are to begin a disciplined SIP journey, in alignment with your long-term aspirations.

Designed to be completed in 3–5 minutes, it provides a personalised readiness score to help you invest with confidence and clarity.

Let’s begin.

1. Financial Foundation

Before starting a SIP, your base should be stable.

Emergency fund in place
You have at least 3–6 months of essential expenses kept aside in a liquid, easily accessible form.
Why it matters ▼
SIP returns work best when you are not forced to stop or redeem in an emergency.
Yes
No
High-interest debt under control
Credit card / personal loan dues are cleared or being repaid aggressively.
Why it matters ▼
Interest on such loans is usually higher than expected SIP returns.
Yes
No
Basic insurance done
Adequate term life cover (if you have dependants) and health insurance for self/family.
Why it matters ▼
One big medical or life event should not derail your investments.
Yes
No
Reasonably stable income
Your income is predictable enough to commit a fixed monthly SIP amount.
Why it matters ▼
SIP is a discipline. Frequent stops and starts dilute the benefit.
Yes
No
Can continue SIP even during short-term stress
You are confident that small cash-flow issues will not lead to stopping the SIP.
Why it matters ▼
SIP during difficult periods often buys units at better value.
Yes
No

2. Clarity of Purpose

Investing is easier when the goal is clear.

Defined financial goals
You have at least one clear financial objective (retirement, house, education etc.).
Why it matters ▼
"Good return" is not a goal; clear goals help in choosing the right product and horizon.
Yes
No
Time horizon known
You know roughly how long the money will remain invested (e.g., <3 years, 3-7 years, 7+ years).
Why it matters ▼
Time horizon decides how much equity or debt you should take.
Yes
No
Priority understood
You know whether the goal is must-have, good-to-have or optional.
Why it matters ▼
Higher priority goals need more conservative planning.
Yes
No
Understands inflation impact
You know future costs will be higher and goal amounts need to consider rising prices.
Why it matters ▼
Real returns matter more than nominal numbers. Rs. 10 lakhs today may not be enough 10 years later.
Yes
No
Success metric clear
You will judge your SIP by progress towards the goal and discipline, not by 6–12 month returns.
Why it matters ▼
Short-term return obsession leads to frequent changes and poor outcomes.
Yes
No

3. Risk & Behaviour Readiness

Your behaviour in bad markets decides your result.

Comfortable with volatility
You can handle seeing a 10–30% fall in value without panic.
Why it matters ▼
If this thought keeps you awake at night, equity allocation may need adjustment.
Yes
No
Not driven by tips or hype
You do not chase “hot” funds based on social media, TV, friends and relatives.
Why it matters ▼
SIP works through consistency, not by chasing “hot” ideas. Chasing momentum often results in late entry and poor returns.
Yes
No
Prepared to continue during falls
You see market corrections as a normal part of investing, not a reason to stop SIP.
Why it matters ▼
Many of the best long-term units get bought during such periods.
Yes
No
No unrealistic expectations
You do not expect guaranteed returns or one-directional growth.
Why it matters ▼
Reminder: “Low risk + high return” is a myth.
Yes
No
No plan to redeem early without reason
You will not withdraw just because recent returns are low or markets are negative.
Why it matters ▼
Many investors exit at lows and re-enter at highs, causing losses. Staying invested for the stated horizon preserves compounding.
Yes
No

4. Process and Product Understanding

Starting SIP is easy, but doing it right brings results.

Know your risk type
You can identify whether you are conservative, balanced or aggressive investor.
Why it matters ▼
Comfort level matters more than chasing returns.
Yes
No
Know equity vs debt basics
You understand both growth-oriented and stability-oriented investments.
Why it matters ▼
Helps set expectations and avoid surprise during market moves.

A balanced portfolios protect you from extreme volatility.
Yes
No
Fund selection based on fit
You believe funds should match your goals and timeline, not popularity.
Why it matters ▼
Top-ranked past returns do not guarantee future success.
Yes
No
SIP amount linked to goal math
The SIP amount is calculated based on goal need, not random comfort.
Why it matters ▼
"Affordable" amount may still be insufficient. A goal-aligned SIP increases probability of success.
Yes
No
Review planned every 6-12 months
You plan calm periodic reviews, not frequent checking.
Why it matters ▼
Over-monitoring creates stress; under-monitoring causes drift. Periodic review keeps the plan aligned.
Yes
No

5. Commitment & Discipline

Compounding works only when discipline survives emotions.

Will not stop SIP without guidance
You will consult with a qualified advisor before pausing or stopping SIPs.
Why it matters ▼
Emotional decisions usually hurt long-term results.
Yes
No
Will continue through market cycles
You accept that ups and downs are a normal part of investing.You are committed to staying invested unless goals change.
Why it matters ▼
Markets are cyclical; and down markets create opportunities to buy more units at lower prices.
Yes
No
No comparison with others
You avoid comparing returns with friends or social media screenshots.
Why it matters ▼
Everyone has different goals, incomes, timelines and risk levels.
Yes
No
Focus on long-term progress
You care about future wealth, not short-term excitement.
Why it matters ▼
Wealth grows silently, not dramatically.
Yes
No
Will follow review-based changes
You value long-term planning & professional advice over short-term feelings.
Why it matters ▼
Strategies win, emotions lose.
Yes
No

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