Children Education Plans:
Let us discuss about Child Education Plan (Graduation) in this post.
Current Cost of Desired Education (Engineering) : 10,00,000/-
Current Age of Child : 5 Years
Age of Child when Corpus is Required: 18 Years
Expected Rate of Returns: 12% p.a.
Inflation : 8% p.a.
With some planning, you can provide your child the best education – the very best. Here’s the calculation that lets you understand what’s in store financially, to fund your child’s Graduation (Engineering) that currently costs Rs.10,00,000/-
If the rate of inflation is 8 % p.a. the cost of your child’s education when they turn 18 in 13 years would be Rs. 27,19,624/-.
You will need to invest a lump sum of Rs. 6,23,266/- or make a monthly investment of Rs. 7,307/- at an annual return of 12 %, to successfully meet your child’s education cost.
Suggested Portfolio:
Mix of Large Cap, Midcap and Multicap Funds.
Let us discuss about Child Education Plan (Graduation) in this post.
Current Cost of Desired Education (Engineering) : 10,00,000/-
Current Age of Child : 5 Years
Age of Child when Corpus is Required: 18 Years
Expected Rate of Returns: 12% p.a.
Inflation : 8% p.a.
With some planning, you can provide your child the best education – the very best. Here’s the calculation that lets you understand what’s in store financially, to fund your child’s Graduation (Engineering) that currently costs Rs.10,00,000/-
If the rate of inflation is 8 % p.a. the cost of your child’s education when they turn 18 in 13 years would be Rs. 27,19,624/-.
You will need to invest a lump sum of Rs. 6,23,266/- or make a monthly investment of Rs. 7,307/- at an annual return of 12 %, to successfully meet your child’s education cost.
Suggested Portfolio:
Mix of Large Cap, Midcap and Multicap Funds.
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