The Economic Times

Planning for your child's higher education? Deepak Shenoy shares a roadmap to build over Rs 1 crore corpus

Rising education costs necessitate early financial planning for parents. Disciplined investing and compounding can build a substantial education corpus. A bachelor's degree costing Rs 10 lakh today could exceed Rs 40 lakh annually in 18 years. Starting investments early significantly reduces monthly contribution requirements. Strategic shifts to debt investments mitigate market risks before college.