NEW DELHI: When it comes to planning children’s education fund, it is essential to work backwards and start early, while keeping inflation in mind. This means that you need a sum upwards of ₹4.5 lakh each year for three years to fund higher education for your child." In such a scenario, it is recommended that you expand your portfolio to include US equity funds. The monthly systematic investment plan (SIP) amount should be such that your equity investment grows to achieve the target amount, net of taxes. “You must also know that when you invest in equity mutual funds, the short run will be volatile.

Source: Mint April 24, 2021 04:41 UTC