Parents, ever wonder how to secure your child's future education? It feels like a mountain, but a smart SIP plan can make it climbable. Let's see how!
₹75 Lakh today vs. in 18 years? Due to 7% education inflation, today's ₹75L course could cost ₹2.53 CRORE! Your target needs to factor this in.
Target: ₹75 Lakh in 18 years. Expected 12% p.a. returns. You'd need to invest ~₹9,965 per month. That's the power of consistent compounding!
Don't stick to fixed SIPs! Increase your contribution annually (e.g., 10-15%). Start lower, reach your goal faster, or build a much larger corpus!
For an 18-year horizon, choose diversified equity. Look at Flexi-Cap, Large & Mid-Cap, Multi-Cap, or even Balanced Advantage Funds for stability.
1. Underestimating inflation. 2. Starting too late. 3. Panic selling during market dips. Stay consistent, review annually, and step up!
Ready to build that education fund? Use a SIP calculator to model your goals. Start planning smart today for a brighter tomorrow! Visit sipplancalculator.in.