Mutual fund calculator: Monthly SIP you need for higher studies of your child
As per 15 x 15x 15 rule of mutual funds, an investor can expect to get 15 per cent return on one's monthly SIP, if the tenure of investment is 15 years.
Mutual fund calculator: The rising education loans may exacerbated the financial state of parents who couldn't plan for the child studies. The high interest rates on education loans also pose a big challenge to such parents. So, it is very important to plan your investment goals and devise a financial strategy to fund higher education of your child. However, while investing for higher studies of one's children, the investor needs to keep inflation in mind.