Ask Money Today: How much monthly SIP needed for kid's higher education?
Assuming a 10 percent average inflation rate in higher education, you will need to save Rs 97 lakh for your child's higher education after 19 years. An inflation rate of 10 percent will increase the cost of an education course worth Rs 16 lakh today to Rs 97 lakh in 19 years. As equities as an asset class outperform fixed-income investments by a wide margin over the long
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