Planning your child's future education can be daunting. Can you truly save ₹60 lakhs via SIP in just 10 years? Let's uncover the reality.
Priya & Rahul dreamt of IIT/IIM for Myra. But the ₹60L cost in 15 years shocked them! Is it possible to reach that target in just 10 years?
Hitting ₹60L in 10 years with a flat SIP demands ~₹29,000/month assuming 12% returns. It's ambitious and a hefty chunk for most families.
Increase your SIP annually by 5-10% as your income grows! Start with ₹18,000/month & a 10% step-up, you can comfortably hit ₹60L+ in 10 years.
For 10+ years, diversify! Equity funds (Flexi-cap, Large & Mid-cap) or Index Funds are great. Closer to goal, consider Balanced Advantage Funds.
Education inflation (8-12%) means today's ₹30L is ₹77L in 10 years. Avoid starting late, flat SIPs, or being too conservative. Plan for future costs!
Don't just dream, plan! Start now, step up your investments, and secure their higher education. Use our SIP Calculators to set your target!