SIP can help you build a Rs.1 crore education corpus for your child through early compounding - here's how
New Delhi, May 25 -- Every parent aspires to provide their children with financial security before adulthood. This aspiration gains even more prominence amid the rapidly rising inflation rate, higher education costs, increased study expenses, and the overall rise in prices in 2026.
To address this situation, many families are now rapidly exploring Systematic Investment Plans (SIPs) to build a sizable, meaningful corpus for their children by the time they turn 18.
To better appreciate the concept of compounding and how starting early can significantly reduce the monthly investment burden, let us consider different investment scenarios based on a child's age. The assumption here is that the expected rate of return is 12% and the final tar...
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