How to plan for child education expenses
With some planning, you can provide your child the best education – the very best child education planning. 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.