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Child Education Planning Calculator

Use our Child Education Planner to estimate the costs of your child's education and plan accordingly. This tool helps you determine how much corpus you need to build for quality education.

Education costs are rising rapidly due to inflation. Planning early ensures you can provide your child with quality education without financial stress when the time comes.

018
₹50K₹20 Lac
120
3%15%
Current Annual Cost ₹2,00,000
Total Education Cost ₹38,54,987
Monthly Savings Required (SIP) ₹24,567

Education Planning Tips

  1. Start Early: Begin saving as soon as your child is born to maximize compounding.
  2. Account for Inflation: Education costs grow faster than general inflation.
  3. Consider Higher Education: Plan for college and professional courses.
  4. Diversify Investments: Use a mix of ELSS, mutual funds, and fixed deposits.
  5. Tax Benefits: Utilize Section 80C for tax-saving investments.
  6. Regular Reviews: Update your plan as education costs and circumstances change.

Advantages

  • Quality Education Access
  • No Debt Burden
  • Child's Future Security
  • Tax Efficient
  • Peace of Mind
  • Flexibility for Upgrades

Challenges

  • High Inflation in Education
  • Long Commitment Period
  • Market Volatility
  • Opportunity Cost
  • Changing Preferences
  • Requires Discipline

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