As a parent, you have higher responsibility in taking your child's dream to the future. Your kid would be interested to become an astronaut, or a doctor one day. There are no limits to your Childs Imagination.
You hope to give your best to their dreams. But, Have you planed financially to fulfill your Childs dream?..
A dream of their grand future. Every time, when we see our children, we too dream more about their future. The dream needs more and they need action from You. Take your first step towards fulfilling your kids dream.
Over the last 10 years, the cost of Higher education has goes up 2 to 3 times. School fees , tution fees and other expenses gone by more than 150% in the last 10 years.
Its observed that the cost of Higher education has gone up more than 10% annual rate of Inflation. The MBA fees has gone up from Rs.5 lakhs in 2008 to Rs.22 lakhs in 2019 with more than 15% increase in annual inflation.
Only 20% of parents planned their kids education in advance and many have not planned their kids future education cost.
"Discipline and Small Savings from early age can ensure an adequate corpus for your Child Education"
Start saving small but start saving early in a disciplined way is very important.
As your Income goes up, Its important to save incremental year over year. When your income goes up by 10%, You should increase your savings by 10% year over year.
At young age, You should take Higher Risk by Investing into Equity assets as It will help to generate more risk adjusted return over a long period of time.
Planning for a child's education is important for several reasons, including:
The planning for a child's education is an important part of responsible parenting and long-term financial planning. It can provide children with educational opportunities that may not have been possible otherwise and provide parents with peace of mind knowing that they have taken steps to ensure their child's future success.
It is never too early to get started on your investment plans. Tell us more about your goals, and we will get you started on a plan to achieve them.
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