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ET Now Digital
Updated Sep 14, 2021 | 06:14 IST
child education, Investment, financial goals, investment strategy
Want to invest for your child's education? Here's what you should do 
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Some investments are exclusive for children’s needs such as education and marriage while most others such as equity mutual funds, gold ETFs etc can also be purchased for the benefit of the children. Each scheme will have its own features, structure and will work differently. Hence, knowing how to invest in them to make them meet your long-term goals is important.,cricket bet id

cricket bet id,How much to save for your child's education

1xbet download pc,Before you venture out picking the right child investment plan, work with numbers to find out exactly how much you need to save for the goals.

3d drawing,For instance, growing at an inflation rate of 6 per cent a year, an engineering course that costs Rs 5 lakh presently will cost around 12 lakh after 15 years. Without the impact of inflation, you just need to save Rs 1000 a month to get Rs 5 lakh after 15 years at an assumed growth of 12 per cent annualized.

blackjack aces,So, at a growth rate of 12 per cent, you need to put aside around Rs 2500 per month to reach that goal of Rs 12 lakh after 15 years.

What should be your investment strategy?,f lopez

Know your goals and plan ahead: You should have a broad idea of how much money you would require for your child and when (for education, marriage, etc). When estimating the amount, take into account the expected inflation rate.,casino guru free slots

free roulette demo games,Understand the product and costs involved: Insurance companies may levy certain charges that have to be paid by the customer. So, compare the products and choose the most suitable one.

bet on it lyrics,You can also invest in the government-backed Sukanya Samriddhi Scheme (Post Office), open a PPF account, or invest in gold. All these instruments help in accruing a decent sum of money over a long period of time.

Get the latest investment tips at Times Now and also for more news on money saving tips, follow us on Google news.

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