Daughter Education: Our greatest wish as parents is for our kids to achieve great things in life, become independent, and pursue their ambitions to the fullest. And this dream is made considerably more meaningful when it involves a Daughter Education. Our goal is for our daughter to become one of the many accomplished women who hold significant roles in society today, inspiring the next generation and providing guidance.

The expense of studying abroad is high and keeps rising annually. After 18 years, a course that costs Rs 30 to 40 lakh now could cost Rs 1 crore or more. Making a solid investing strategy now is crucial if you wish to have Rs 1 crore, adjusted for inflation, when your daughter turns 18.

How will the target of Rs 1 crore be achieved

Let’s say that when your daughter turns 18, you would like to acquire Rs 1 crore for her schooling abroad. However, this Rs 1 crore should be valued in accordance with the necessity after 18 years while taking inflation into consideration. In 18 years, Rs 1 crore will be equivalent to roughly Rs 3.38 crore if we assume an average annual inflation rate of 7%.

The challenge now is, how can this amount be raised? This can be accomplished in one of three ways: monthly SIP, annual investment, or lump sum investment. Additionally, there are other ways to achieve your goal of a 12% annual return, which is achievable with high-quality equities mutual funds.

Additionally, if you wish to invest through a monthly SIP calculator, you would need to put between Rs 48,000 and Rs 50,000 per month in mutual fund calculator, which will increase to approximately Rs 3.38 crore over the course of 18 years.

The strongest way to give wings to your Daughter Education dreams

The greatest factor in achieving your daughter’s goals is education. A solid Daughter Education at a worldwide level offers her the ability to succeed regardless of her career goals be they medical, engineering, research, law, or entrepreneurship.

Women are making progress in the modern world, both domestically and internationally. They are becoming motivational speakers, writers, scientists, CEOs, and artists. If you give your daughter the chances she needs, she can grow up to be like this as well. And if you begin financial planning early, you may provide her with these options.

Right planning and right guidance is important

You should also consider where and how you are investing while making investments. The Systematic Investment Plan, or SIP, is a strategy where you invest a certain sum each month, which grows over time. Additionally, it offers the advantage of compounding, which has a significant impact over time.

To do this, you should pick the appropriate mutual fund investment after speaking with a qualified registered financial counselor and determining your risk tolerance. In order to stay on course, it’s also critical to assess your portfolio annually.

Disclaimer: This article is written for general information and awareness purposes only. Before making any investment, consult a financial expert. Investment is subject to market risks, so make a decision keeping in mind your goals, time horizon and risk tolerance.

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