SIP: Investing in this scheme will increase the educational expenses.
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New Delhi : Due to rising cost of education (Education Inflation) to parents (Guardian) It is natural to be worried. The figures for the cost of engineering, doctoral and other courses are unfathomable to many. But still parents take education loan to fulfill their children’s dreams. (Educational Loan) But if you choose the second route, you can be prepared for these expenses which will add up after a few years with proper investment.
You need to do proper financial planning to meet future expenses. To meet future financial expenses in mutual funds (mutual fund) Investment can be profitable. But let’s understand in which fund it will be beneficial to invest.
Such an investment is beneficial if the children are small at the time of planning. Investing in mutual funds over a long period of time helps in accumulating a huge amount of money. Therefore, it is beneficial to invest a part of the earnings when the children are young.
The cost of education is always in double digits, so it is important to keep this in mind while investing. If you want to invest for the next 10 years, you can get an average return of 12-14%. It is beneficial for him to invest 80% in equity funds and 20% in debt funds.
Market experts have given a list of some mutual funds. Long term investment in this fund will be beneficial for educational purposes. Be sure to consult your financial advisor before making this investment.
DSP Equity Op, Fund, HDFC Flexicap Fund, Kotak Emerging Equity Fund, SBI Focused Equity Fund, SBI Contra Fund, DSP World Mining Fund, Franklin Ind, Feeder-Frank US Op, ABSL Money Manager Fund, UTI Money Market Fund You can invest in this fund.
Your average investment of Rs 5000 every month in this fund will be profitable. For this you have to do SIP. You can even start from Rs.500. You will get returns according to your investment.
At present, many funds give returns of 12%, 15% and some funds up to 20%. This fund will give returns according to your investment. A SIP of Rs 5000 can fetch a return of up to Rs 14.45 lakh after 10 years.
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