|
|
Before you know it, your child will grow up. Be prepared!
Your parenting is perfect but is your planning adequate? We know your aspiration
and goal to provide the very best you can for your children. Are you thinking beyond
the immediate, to the future, about higher education and professional courses, in
India and abroad? Ensure that money is not an obstacle in your children fulfilling
their true potential.
Are you prepared to make their dreams come TRUE?
Small saving on a monthly basis can give your child a good amount of corpus for
higher education.
A small SIP in equity diversified Mutual Fund of Rs. 2000/- per month for a period
of 20 years can give your child a corpus of 29.94 lacs, if the return on investment
is 15% per annum (Return is assumed in this example).
Cost of education is increasing every year:
Let’s take a simple example: if you are planning for your Children’s higher education
which currently cost Rs. 5 lacs & money will be required by your child after a period
of 15 years.
Let’s assume cost of education is increasing by 8% per annum. How much money will
be required by your child after a period of 15 years from now??
Your child will require a sum of Rs. 15.86 lacs approximately.
Hence, whenever you are looking to buy a product to achieve the above goal, keep
inflation in mind. You need to calculate the net yield post deduction of inflation
& taxes.
You need to understand that whether the return is positive OR negative, if you take
inflation & tax into account.
Start early, be regular and see the magic of compounding
|
|