CHILD EDUCATION PLANNING (WHAT I LEARNT FROM TRAVEL ???)

 

HI!!!!!! 😊

You might be thinking how education planning is related to travel. As it so? Does travel has same similarity to child future planning? Let us see this as I move forward, so imagine you want to travel and imagine you don’t know your destination.

               OMG! WHERE I WILL GO!!! 😱😱

Definitely: You must be thinking how can I travel if I don’t have destination????

Similarly, If I don’t know what cost is require for my Child Education, Child Higher Education, International Education ,When he /she grow up how I can plan ?

                   

Yeah! It’s really sounds. There is same similarity .So now I know where to go Imagine from LUCKNOW TO MUMBAI 

           

So, I have 200 bucks so I need to take flight train or a car yeah !!!!  Again  CONFUSION?????😕

Likewise When I plan for my Child Future and I know target amount require for Higher Education which product to choose?????

       Yeah!!!!  

    It can be LIC  , OR  Other Insurance Policies 

                                                         

                                               It can be 'PPF'         

  

                                   

                      

             It can be 'Sukanya Samriddhi Yojna'

                             

                              It can be 'Mutual Funds  '

Now Let us review which the right resource for my journey but before that we must know How to Plan?      

The first devil of my child which will meet in the journey is

                                                   “INFLATION”

         

The Next Stage is to “PLAN” fighting with this “INFLATION”

So what are the Resources???? Viz as earlier discussed any of these can be above.

But Why mutual funds are ideal to fund your child's education

Picking an investment product for your child's education can seem like a daunting task. Your parents may have depended merely on bank fixed deposits, PPF and physical gold to meet your education needs. However, given the rising cost of education, you need to choose wisely in order to beat inflation and yield the expected returns.

Equity investments are considered to be ideal for creating wealth in the long term. However, they require specialized knowledge. Also, given their volatile nature, you'd rather invest in equities via the mutual funds route. The advantage of investing in mutual funds is that the underlying stocks/securities are well diversified and are managed by professional fund managers who have the expertise in selecting them.

Here's a look at the benefits that make mutual funds an ideal investment option to save for your child's education needs.

Diversified

A mutual fund invests the pool of money in a portfolio of different stocks/securities across various sectors. Mutual funds also invest in other assets, such as bonds, cash or commodities such as gold. This diversification not only reduces the risk of investing in one particular stock or sector, but also allows for higher potential returns by tendering a broader exposure to various stocks and asset classes.

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MUTUAL FUNDS - A BRIEF INTRODUCTION

 

Mutual funds are one of the most popular investment options these days. 

The concept of mutual funds was invented in Europe in early 1770s. During a bleak economic situation, Adriaan Van Ketwich, a Dutch merchant created the world's first mutual fund in 1774. He pooled money from several individuals and created a diversified fund of bonds. 

The early mutual funds spread were of the closed-end variety, issuing a fixed number of shares. They spread from the Netherlands to England and France before heading to the U.S. in the 1890s. The first modern-day mutual fund, Massachusetts Investors Trust, was created on March 21, 1924.

 A mutual fund is an investment vehicle formed when an Assest Management Company (AMC) or fund house pools investments from several individuals and institutional investors with common investment objectives.

 A fund manager, who is a finance professional, manages the pooled investment. The fund manager purchases securities such as stocks and bonds that are in line with the investment mandate.Mutual funds are an excellent investment option for individual investors to get exposure to an expert managed portfolio. Also, you can diversify your portfolio by investing in mutual funds as the assest allocation would cover several instruments. Investors would be allocated with fund units based on the amount they invest. Each investor would hence experience profits or losses that are directly proportional to the amount they invest. The main intention of the fund manager is to provide optimum returns to investors by investing in securities that are in sync with the fund’s objectives. The performance of mutual funds is dependent on the underlying assets.

DISCLAMIER 

Mutual Fund investments are subject to market risks, read all scheme related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of future performance of the schemes. The Mutual Fund is not guaranteeing or assuring any dividend under any of the schemes and the same is subject to the availability and adequacy of distributable surplus. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.