Mutual funds investment: How to fund child’s future; 2 steps to great relief

While students plan and prepare for their higher education well in advance, the question parents need to ask themselves is whether they are preparing adequately to support their child’s education. While parents who do not have enough funds to finance their child’s education can always look at education loans, the resultant EMIs that will easily run into tens of thousands per month is likely to be a big burden at the later stage of their life. What parents need to do is create a separate corpus for their child’s future education plans at least 10 years in advance. So, if your child is 10 years old, and you have not started preparing for his education, you are already late.

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