The rising cost of education makes it imperative that you start planning for your child's academic expenses systematically. To give you an idea, here's how leading finance honchos have been planning to meet their children's educational expenses.
Investment focus
In 2010, Kamlesh Rao, MD, Kotak Securities, wanted to buy a larger house, but decided to shelve the plan. "I didn't want to stretch myself by buying a bigger house and paying EMIs for the next 15 years," says Rao. At that time, Rao was investing Rs 30,000 per month in diversified equity mutual funds to build a Rs 1.5-crore education fund for his son.
