Provide for education
A child’s eduction
can be a major expense in the long run. Consider long-term investment products
iike best investment plan in India when building a corpus for this. Before you
start, get to know the current cost of your child’s education. If you think
your child will go abroad, it’s better to factor in other costs such as lodging
and boarding; these can bite a big chunk out of your corpus. “If your child is
very young and is 16-18 years away from college, you should have a higher
exposure in equity. As you approach closer to the period of education, move
your corpus to debt,” said Sen.
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