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Investment Calculator for Child Education Plan
Education is the foundation of your child’s future. A child education plan should account for tuition, accommodation as well as probable oversees education. In this age of cut-throat competition and ever-increasing education fees it is important to start saving early on. And what better way than investment to make more money by saving money? Our child education cost planning calculator is specialized in aiding you for this!
Starting early savings when the child is small puts lesser burden on your finances because it requires a smaller outflow
Having a child education plan in place may prove to be beneficial in the long run. It is recommended that one reads all the details and engages in preliminary research of their own before investing. A child education plan is a highly personalized investment that should be planned over a considerable period of time. Using this child education calculator helps you plan systematic investments to achieve a pre-defined end goal. The illustrated child education calculator considers currently available funds, tenure of the course and time horizon for the investment. The calculator for child education planning draws up results as per inputs made by you. The child education planning calculator also considers your risk profile (conservative, moderate or aggressive) to suggest investment schemes. The results generated by this child education planning calculator are approximations and the actual corpus achieved is likely to differ from the ones indicated by the calculator for child education. This child education cost planning calculator should not be construed as 100% accurate. There are multiple avenues available where you can invest and draft a desired child education plan. Please note that the investment schemes mentioned above are purely for informational basis. It is recommend that users consult their financial and wealth management consultants before making any investment decision. The education corpus is created by assuming an inflation of 6% and current cost of the goal. The projected amount is calculated based on the style of investment you opt for. Projection calculations are assumed at a pretax rate of 12.5% p.a. for conservative; 14.5% p.a. for moderate and 17% p.a. for aggressive investments. The allocation is equal over the categories.
