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| Scheme Name | 1-Year Return | Invest Now | Fund Category | Expense Ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest Now | Equity: Large Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest Now | Equity: Large Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest Now | Equity: Large Cap | 0.25% |
| Axis Nifty 500 Index Fund | — | Invest Now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest Now | Equity: Mid Cap | 0.28% |
According to recent data from Pickyourtrail, families tend to spend more on long-haul vacations, with an average spend of ₹6.13 lakh compared to ₹2.38 lakh for short-haul trips.
Families traveling with senior citizens spend even more — ₹6.66 lakh for long-haul and ₹2.81 lakh for short-haul trips — perhaps due to the additional comfort and accessibility required.
In contrast, solo travellers prefer short-haul trips for their cost efficiency, spending ₹1.53 lakh on long-haul and ₹85,000 on short-haul travel. Friends travelling together, however, lean heavily towards long-haul travel, spending ₹16.08 lakh on average, compared to ₹2.64 lakh for short-haul journeys, the report said.
Milestone vacations, such as honeymoons and anniversaries, often involve higher budgets. Honeymooners traveling to long-haul destinations spend ₹1.79 lakh on average, compared to ₹93,770 for regular couples opting for short-haul trips.
“Families with children typically spend around ₹74,649 per person on family vacations, with a focus on child-friendly amenities and activities like theme parks or wildlife safaris. For families travelling with senior citizens, the average spend rises to ₹80,522 per person,” Pickyourtrail said.
Among DINKs (dual income, no kids) and families with kids, spending patterns differ significantly.
DINKs tend to invest more in leisure activities and luxury accommodations. They spend between ₹70,000-1.2 lakh on activities like adventure sports and cultural tours, compared to ₹40,000-70,000 spent by families with kids on family-friendly attractions.
When it comes to accommodations, DINKs prefer high-end stays, spending ₹1.5-2.5 lakh on boutique resorts or private villas, while families opt for more budget-friendly accommodations, spending ₹80,000-1.5 lakh on family-friendly resorts.
To manage your vacation finances effectively, Atul Shinghal, Founder and CEO of Scripbox, offers some tips.
He advises travellers to set a realistic budget for their trip, accounting for all expenses, including travel, accommodation, food, and activities. It’s also crucial to research destination costs, as airfare, hotel rates, and daily expenses can vary widely.
Shinghal recommends reviewing your savings to ensure you have enough funds for your trip without tapping into emergency resources.
For those planning future vacations, he suggests using systematic investment plans (SIPs) to build savings over time.
Shinghal also warns against borrowing money for vacations, as personal loans and credit cards often come with high interest rates, which can lead to debt.
Instead, he advises saving in advance or adjusting travel plans that suit your budget.
It’s also wise to set aside a portion of your budget for emergencies, review insurance coverage for travel-related issues, and notify your bank of your travel plans to avoid access problems while abroad.
