Aim for a 12% annual return in equity mutual funds. You'll need to invest approx. ₹13,000/month. This is your baseline to secure their future!
Don't fix your SIP! Start smaller (e.g., ₹8,500) and increase by 10% annually as your income grows. It aligns with appraisals and boosts your corpus significantly.
For a 10-year goal, consider Flexi-Cap, Large & Mid-Cap, or ELSS funds. Focus on consistent performance & diversification, not just last year's top performer.
Education costs rise 8-10% annually! ₹30 Lakh today could be ₹65 Lakh in 10 years. Revisit your goal yearly; start with ₹13k but be ready to adjust.
Don't delay, don't panic during market dips, always step-up, avoid fund hopping, and de-risk as the goal nears. Consistency is your best friend.
Ready to map out your child's education journey? Use our goal-based and step-up SIP calculators to set milestones and track progress! (sipplancalculator.in)