Kids Education

A Comprehensive Guide to Tax Benefits and Financial Growth Investing in mutual funds in a kid’s name is not only a strategic financial decision but also offers significant tax advantages, especially in India. This article delves into the numerous merits of such investments, particularly from a tax perspective, and provides insights on how to maximize … The Merits of Investing in Mutual Funds in your Kid’s Name in India Read More »

“Failing to plan is planning to fail.” – Benjamin Franklin Summary: Rising cost of education means we must plan to meet the expenses for our child’s education. The first step is to fix the financial goal. We must ascertain how much money we will need and when will we need it. We can then calculate … Mutual fund investments for your child Read More »

“Spend less than you make; always be saving something. Put it into a tax-deferred account. Over time, it will begin to amount to something. This is such a no-brainer.” — Charlie Munger Having 1 crore rupee (10 million for those outside India) is a nice sum of money. It embeds a sense of security in our … How much to invest to create 1 crore corpus? Read More »

A goal without a plan is just a wish – Antoine de Saint – Exupery  This is the third and final part of our series on how to fund kid’s education. In our first article, we got an idea about the cost of higher education at different type of institute in India and abroad (Plan … Mutual fund investment strategy for kid’s education Read More »

The roots of education are bitter but the fruit is sweet – Aristotle The biggest satisfaction for parents is to see their kid’s well educated and well settled. That’s mission accomplished and a big relief for parents in their retirement years. Many times I meet parents of successful people and I feel a sense of … Planning for kid’s education- go mutual fund way! Read More »

An investment in knowledge pays the best interest – Benjamin Franklin  I studied in a government school where semi-annual fee was 57 rupees. Later on, I qualified to study at one of the IITs, considered the best engineering college in India. During those days (around 20 years ago) the total fee for the 4 year … Plan for kid’s education- How much will it cost? Read More »