College fees will not stop your child’s dreams
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Child age:10Yr
If your child's age is now 10 year, then there are another 10yr when he/she will enter for higher education.
Education cost
Suppose present cost of higher education is Rs.25 Lakh and inflation rate(Dearnace) is 6-7%
then the cost after 10yr will be Rs.45 Lakh.
Start of SIP :10,000
If you start a Rs.10,000 monthly SIP in a better choosen fund having expected return 15% then after 10 Yr your investement value will be Rs.26 Lakh.
SIP:10K
Return:15%
Year:10
Final value:Rs26 Lakh
It will be a big support to pay the education fee of your child and your child's learning will never be stopped due to lack of money.
👉Free SIP guide for beginners.
See the below table for expected return after after 15 yrs.
✍Another way is also there through which you can achieve this goal(Rs.45 Lakh) faster.
If you have Rs.5 Lakh and invest in a mutul fund and alongwith start a SIP of Rs.10,000 then you will get Rs45 Lakh in just 10 Yr.
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What is SIP(For beginners)
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