Key Points
Radhika Gupta of Edelweiss says parents should create a bank account and start monthly SIPs for children in order to plan correctly for their higher education expenses...
With the rising expenses of higher education in India, financial planning for parents has become a priority, in order to provide quality education for their children..
Radhika Gupta, CEO, Edelweiss Asset Management Company has listed some quick and easy methods for parents so that they start investing for children at an early stage..
Actually very easy to do for a minor. 2. Try to find a goal - higher education is one - to save for. Break it down into the number of years you have to figure out an investment amount..
Can use a large / mid index fund for broad market exposure, mid and small cap funds to add risk, and an international fund if you are thinking study abroad to manage currency..
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