There will be no less money for children’s education! Invest 5000 rupees and deposit 30 lakhs, know planning

Investment Planning: With the increase in inflation, education has also become expensive. It costs 6 to 12 lakh rupees to get an engineering degree in the country, while getting this degree from a private college can cost up to 15 lakh rupees. At the same time, taking MBBS course or other degree (Higher Education) in the medical field can cost at least Rs 25 lakh. Apart from this, a fee of Rs 15 lakh may be charged for MBA degree. In such a situation, with the increase in inflation, taking higher education can become more expensive in future.

If you want to give higher education to your child, then more funds will have to be raised than today, which you cannot deposit only by saving (Saving Scheme). For this you have to make an investment plan. If you plan the investment properly, then in future you can give higher education to your children without any problem.

where to invest
Planning for investment should be done according to the age of your children. Suppose if you do investment planning for your child from birth itself, then you will have at least 17 to 18 years of time for higher education. Accordingly, you can invest in stocks, equity funds, insurance schemes etc. If the average return on investing in equity funds is considered to be 14% and you invest Rs 5000 thousand every month, then you will save Rs 9 lakh in 15 years, while with the return you will get a total amount of Rs 30 lakh.

Where to invest for a child of 10 to 14 years
On the other hand, if you are starting investment for a child around 10 years, then you should invest more funds i.e. more than Rs 10,000 every month. You can invest this amount in equity funds, which can give you good returns in 7 to 8 years. Also, if you are investing for child’s education when he is 14 to 15 years old then you cannot take much risk as your child will have only 2 to 3 years left. Hence you can invest in Fixed Deposits, RD schemes and other low risk schemes. However, you will have to invest Rs 50,000 every month to achieve the target of Rs 30 lakh.

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