It is every parents dream to provide the best of everything to his
child. A sound education would undoubtedly be at the top of the list. However,
it now costs more to bring a smile on child's face than it once did to educate
his father. Quality education comes with an expensive price tag, and you need
to invest today in order to gift your precious one the education he
deserves tomorrow. With every passing year the cost of child education is
increasing beyond our imagination. Apart from course fees there are other
expenses involved which are normally ignored.
|
Course
|
What it Costs Today (Rs.)
|
5 years later (Rs.)
|
10 years later (Rs.)
|
15 years later (Rs.)
|
|
Engineering
|
5,00,000
|
6,69,112
|
8,95,423
|
11,98,279
|
|
Doctor
|
15,00,000
|
20,07,338
|
26,86,271
|
35,94,837
|
|
MBA
|
8,00,000
|
10,70,580
|
14,32,678
|
19,17,246
|
|
Foreign Study
|
15,00,000
|
20,07,338
|
26,86,271
|
35,94,837
|
(Increase in the cost of education
assumed at 6% every year)
If the cost of education is going to increase by more than 3 times
in next 15 years assuming inflation @ 6% then you need to choose a right asset
class to plan for your child's higher education.
NK Capital helps you secure your child's future without compromising
on their dreams. Dreams come into reality when it is nurtured.
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