Cost of Child Education Calculator

Child Education Calculator

In today's environment, where higher education costs are increasing and inflation impacts the purchasing power of money, it is crucial to understand your financial standing and initiate financial planning from the early age of your child. The child education plan calculator may serve as a tool to help you assess the required funds for your child's higher education.

The Child education calculator uses the concept of future value to arrive at an indicative figure that you would require for your child's education.

The calculator considers the following factors:

• Number of years
• Choose the course
• Present cost of the course
• expected rate of return

Once you enter the details, the calculator will display the total cost assuming 7% inflation and how much you have to save per month.

It is advisable to initiate mutual fund investments for a child's education as early as possible, preferably right from birth or during the early years. This approach provides a long investment horizon and the advantages of compounding.

Children’s higher education in one of the most important financial goals for any parent. Children Mutual Fund schemes are suited to plan children's education. Some of the following benefits offered by Children Mutual Funds:

• Diversification
• Professional Management
• Transparency
• Risk Management