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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.
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