Aboutme.Subininvestment - Why Child Education Is So Important These Days?
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Why Child Education Is So Important These Days?
Child education is very important these days, due to increase in cost of education and looking for a bright career. The cost of college education is increasing by about 40% per annum.
College education is very complex education, which leads your child for a better career. The tension are high these days and lot of career options are available. Child can prefer his hobbies as career, even sports which seems non-achievable, can be achieved through correct planning.
Suppose your child is below 5 years old and want to send him for good education like IIT [Rs. 24 lakhs], IIM [ Rs. 20 lakhs], Engineering [Rs. 10 lakhs], Delhi University Degree [Rs. 15 lakhs], and studying in foreign countries will cost you more than Rs. 50 Lakhs as of now.
Proper planning is required to achieve this. So, you've to consult good financial planners and achieve your valuable goal.
If you're investing in stock related shares, invest now in 90% equity and 10% debt. After 5 years, change this portfolio to 60% equity and 40% debt. 10th year, you can change it to 50% stock and last 2 years, you keep 80% as debt and 20% in equities. last year keep the ration as 90% debt and 10% equity which will be safer mode for achieving the target.
Otherwise in traditional plan, please invest on yearly basis like this.
Start and SIIP plan invest Rs. 100,000 per annum for 16 years, invest more in 10 years and leave it. you will be having a Rs. 10 lakh insurance coverage.
you will be getting a 7% + bonus every year, which will be compounding.
From 10th year onwards, you will be getting 4% extra bonus for 6 years.
Our company is investing 10% additional bonus when you finish it.
You will easily achieve the target of Rs. 20 Lakhs in the 16th year and i guarantee you that you will be achieving more. In between God Forbid, something happens to you, company will be paying for the balance period and keep you goals alive.
For your family, they will be paying Rs. 10 Lakhs for the daily needs. If your wife can fix it in the bank she will be getting
Rs. 10,00,000 x 8/100 = Rs. 80000/annum.
Call Prof Subin [Fin Consultant] : 09407186190 or email: greatsubin2012@gmail.com for more details
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