It is nice that you are considering investing for your son\u2019s education now. The cost of a good four year engineering degree is about 4\u20135 lakhs per year. This comes to Rs 20 lakhs in today\u2019s value.<\/p>\n\n\n\n
A two year post graduation could cost anywhere between 10\u201315 lakhs.<\/p>\n\n\n\n
Add these two numbers and adjust them for inflation. That\u2019s the amount you would need. It could range from Rs 50 lakhs if it is 5 years away to 80 lakhs if it is 8\u201310 years away. We are assuming education inflation to be around 10%-12% here.<\/p>\n\n\n\n
So it boils down to a monthly SIP<\/a> of about Rs 50,000 to Rs 60,000 depending on what you exact numbers are!<\/p>\n\n\n\n\n Maxiom Wealth \u2014 Free Tool<\/p>\n Use our free SIP calculator to project your wealth at 5, 10, or 20 years. Small monthly amounts compound into life-changing wealth \u2014 but only if you start early enough.<\/p>\n Try the SIP Calculator \u2192<\/a>\n Talk to a Financial Advisor<\/a>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":" It is nice that you are considering investing for your son\u2019s education now. The cost of a good four year engineering degree is about 4\u20135 lakhs per year. This comes to Rs 20 lakhs in today\u2019s value. A two year post graduation could cost anywhere between 10\u201315 lakhs. Add these two numbers and adjust them… Read More »For my 12-year-old son’s higher education, what amount should be invested in a mutual fund?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[149,38],"tags":[],"class_list":["post-1418","post","type-post","status-publish","format-standard","hentry","category-childrens-education-fund-mutual-funds","category-mutual-funds"],"_links":{"self":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/1418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/comments?post=1418"}],"version-history":[{"count":1,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/1418\/revisions"}],"predecessor-version":[{"id":3517,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/1418\/revisions\/3517"}],"wp:attachment":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/media?parent=1418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/categories?post=1418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/tags?post=1418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}How Much Will Your SIP Grow to?<\/h3>\n