Financial Planning for Children

Every parent is concerned with the future of their children and wants to ensure the best possible upbringing and to plan for their education, marriage, etc they have to start making investments NOW.

Parent’s need to do proper plan of their investments because children's education and wedding are high priority life goals, which can neither be postponed nor can there be a compromise on the amount. Also, over the years we have seen that the costs of higher education have also increased exponentially.

Parents should keep in mind that to give your child a better tomorrow, savings alone is not enough, you need to invest appropriate amount systematically and at regular intervals

It is never too early to start saving and investing for your child's future. Especially in today's context. For example, the cost of a professional degree today is approximately Rs 2.5 lakhs. If your child is one-year-old today, after 17 years when he/she goes to college, you may require a sum of Rs 6.3 lakhs, assuming an annual rate of inflation of 6%.

Experienced financial planners at Emkay work closely with you to help you design an investment portfolio to achieve your goals.


 

 
 
  Investment Planning
  Retirement Planning
  Children's Future Planning
  Tax Planning
 
 
 
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