New Delhi, June 2 -- Smart financial planning requires an assessment of your current finances, risk tolerance, and future goals. It includes calculating your savings, investments and retirement fund before making investment decisions to ensure long-term stability and meet your financial targets. To be sure, investors may need to consult with a financial expert to conduct a detailed analysis of your financial goals over the short-, medium- and long-term.

Thus, if you plan to purchase an SUV in the next two to five years, here's how you can use the Systematic investment plan (SIP) to build adequate corpus. Notably, given the rising input costs, geopolitical pressures, taxes and inflationary factors, car prices may fluctuate, but you can us...