» Higher Education http://intimefinance.com Mon, 28 Mar 2011 08:49:31 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Child’s Higher Education http://intimefinance.com/2009/07/childs-higher-education/ http://intimefinance.com/2009/07/childs-higher-education/#comments Thu, 02 Jul 2009 07:13:56 +0000 admin http://intimefinance.com/?p=157 You can Get around Rs. 35 lakhs or more For your Child’s Foreign/Higher Education by investing Rs. 2,000 per month each.

Give your child a great start in life. By investing as little as Rs. 2,000 per month, and you are likely to accumulate Rs. 35 lakhs by the time your child is ready for higher studies when he or she is of 20 years of age or so.

Create wealth through Systematic Investment Plans (SIP) of top-ranking Mutual Funds growth schemes . Mutual Funds promoted by State Bank of India, Life Insurance Corporation of India, Prudential ICICI, HDFC, Tata, Reliance, Franklin Templeton, Fidelity etc.

Higher Education Childs Higher Education



Impact of inflation on higher education. If the expenses on higher education are Rs. 5 lakhs today, after 20 years these will be Rs. 25 lakhs. Inflation assumed @ 5%.

Power of compounding Rs. 2000 Per month invested in the sip (Systematic investment plan) of diversified equity mutual fund is likely to grow to Rs. 35 lakh or more as follows :

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*Calculated at an expected 18% rate of return per annum from equity Mutual Funds in India, though the average return for the last 10 years has been more than 35% per annum in top ranking diversified equity Mutual funds.

This is a hypothetical example showing power of compounding and benefit of long term equity investment

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