In India itself, education inflation is about 11-12%, according to the National Sample Survey Office.1 Moreover, with the rupee depreciating over the years, an overseas education may become costlier in the future. Marriage is another important dream that many Indian parents have for their children, with the average wedding costing anywhere between Rs 20 lakh to Rs 50 crore.By planning your finances carefully, you can fulfil the dream of sending your child to the best college or giving them a dream wedding. If you think that they are too young now and you still have time to plan, remember that the earlier you start, the more you can save. If you have not started yet, it may be prudent to invest in a disciplined manner through SIP.
|Expected End Value of your Investment With Monthly SIP of Rs. 10,000|
|Exp. Returns||Number of Years of Investments|
(Note: The illustrations above are merely indicative in nature and should not be construed as investment advice. They do not in any manner imply or suggest current or future performance of any Mutual Fund Scheme. Rupee Cost Averaging and SIP neither ensure you profits nor protect you from making a loss in declining markets.)
SIPs have become a popular mode of investment due to their strong returns and convenience. With the right SIP investment, you too can accumulate a healthy corpus for your future endeavours. Simply pick a sound SIP based on your financial goals and risk appetite and give your investments time. Keep reviewing and dialling up the investment periodically and you’ll soon amass a corpus to achieve everything you want for your child.
All the Mutual Fund investors have to go through a one-time KYC (Know Your Customers) process. Investor should deal only with the Registered Mutual Funds (RMF). For more info on KYC, RMF and procedure to lodge/redress any complaints, visit https://www.pgimindiamf.com/ieid.
MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. Read more