Worried about your child's future education costs? Let's decode how much SIP you need to secure their dreams, without the jargon.
Tuition fees are just the start. Quality education, whether local or abroad, is getting pricier. We need a concrete plan, not just hopes. Don't get caught off guard!
Today's ₹20 Lakh goal could be ₹72 Lakh in 15 years due to 9% annual education inflation. Always project future costs accurately for realistic planning!
Input target amount, years to goal, and 12% expected returns into a Goal SIP Calculator. E.g., ₹72L in 15 yrs needs ~₹16,000/month.
For long-term goals (10+ years), equity mutual funds are ideal. Consider Flexi-Cap, Large-Cap, or Balanced Advantage funds for growth potential. Diversify!
Increase your SIP by a percentage (e.g., 10%) annually. This reduces your initial burden significantly and builds a much larger corpus over time.
Calculate your child's education SIP, project future costs, and explore Step-Up SIPs. Visit sipplancalculator.in to start planning now!