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 education that currently costs Rs.10,00,000.
If the rate of inflation is 10.0% p.a. the cost of your child’s education when they turn 18 in 13 years would be Rs. 34,52,271.
You will need to invest a lump sum of Rs. 7,91,170 or make a monthly investment of Rs. 9,275 at an annual return of 12.0%, to successfully meet your child’s education cost.