Your child's higher education costs can be astronomical. Planning a ₹1 Cr college fund isn't just smart, it's essential. The best time to start was yesterday, but today works too!
Don't let the ₹1 Cr figure overwhelm you! It's not about current salary, but consistent, early investing. The magic of compounding is your best ally. Procrastination is your biggest enemy here.
Starting early is a mathematical marvel. A 5-year delay can halve your potential corpus! (e.g., ₹5k SIP: ₹31.6L in 18 yrs vs ₹14.4L in 13 yrs). Beat 10-12% education inflation.
Child 3, need ₹1 Cr at 18 (15 years). At a 12% return, you'd need ~₹20,000/month SIP. Use a Goal SIP Calculator to break this intimidating figure into manageable monthly chunks!
For 10+ year goals, choose Equity Mutual Funds! Flexi-Cap, Large & Mid-Cap, or Index Funds offer excellent growth potential. Diversify across 2-3 funds. De-risk closer to goal.
Don't forget SIP Step-Up! Increase your SIP by 10-15% annually as your salary grows. This strategy makes the ₹1 Cr target far more achievable, easing the initial burden significantly.
Ready to build that ₹1 Cr fund? Use our calculators at sipplancalculator.in to customize your SIP, estimate goals, and start securing your child's brighter future. Act now!