Step Up SIP: Build ₹75 Lakh for Child's Higher Ed in 12 Years Published on February 28, 2026 D Deepak Deepak is a personal finance writer and mutual fund enthusiast based in India. With over 8 years of experience helping salaried investors understand SIPs, ELSS, and goal-based investing, he writes practical guides that make financial planning accessible to everyone. View as Visual Story Share: WhatsApp Let's be real, you're probably already juggling EMIs, daily expenses, and maybe even a dream vacation fund. But then, a nagging thought creeps in: your child’s higher education. The fees for top engineering colleges or a specialized degree abroad? They're enough to give any parent a mild panic attack. I've seen it firsthand, countless times. The good news is, you absolutely *can* build a substantial corpus – say, Advertisement build ₹75 lakh for your child's higher ed: Investment Horizon: 12 years Expected Annual Return: 12.5% Annual Step Up: 10% To reach ₹75 lakh, you'd need to start with an initial monthly SIP of around SIP Step Up Calculator. Seriously, try it, it’s eye-opening!What Most Parents Get Wrong When Saving for Child's Education Having advised countless parents like you, I've seen some recurring mistakes that can derail even the best intentions: Procrastination: This is the biggest enemy. "I'll start next month," turns into next quarter, then next year. The magic of compounding works best with time. Starting early, even with a small amount, beats starting late with a large amount. Underestimating Inflation: People save for today's costs, not tomorrow's. A ₹50 lakh goal today might need ₹1.2 crore in 15 years. Always factor in 6-8% education inflation. No Step Up: As discussed, sticking to a fixed SIP when your income is growing is leaving money on the table and making your goal harder to achieve. Being Too Conservative: For a 10-15 year goal, putting all your money into FDs or traditional insurance policies is a sure-shot way to fall short. While 'safe,' their returns often barely beat inflation, let alone build wealth. Equity is volatile short-term but powerful long-term. Mixing Goals: Don't use your child's education fund for a new car or a down payment for a second home. Keep these goals separate. Seriously, protect that education fund like it's gold. Not Reviewing: Your portfolio isn't a "set it and forget it" kind of thing. Review it annually. Are the funds performing? Has your goal changed? Is your risk tolerance still the same? A quick check-in is crucial. Step Up SIP calculator and start visualizing your child's bright future.Share: WhatsApp Advertisement