Child education plan

POSTED BY Srikant Tapadiya ON August 8, 2012 12:18 pm COMMENTS (4)

Hi…… HNI client wants to plan for his son’s (5 years old) medical education in US. Todays cost is $500,000 (Approx. Rs. 2.75 Crores). Expected education cost inflation is 7% in US. Hence he would be needed Rs. 6.6 Crores after 13 years from now. He has good risk appetite and ok with any combination of proposals. Can u pls help me design the Financial Plan for his child education. Thanks in advance.

4 replies on this article “Child education plan”

  1. Dear Srikant, please do notify us the residency status of your client as it may impact the final corpus at the time of withdraw due to taxation.



  2. BanyanFA says:

    If your client is a HNI, I would suggest to start with a property and remaining amount in funds.

    13 years is a good time frame to grow the funds. The only point is if your HNI clients has sufficient liquidity to invest big funds into Real Estate in one go – I am assuming it to be as you are mentioning him to be HNI.


  3. Srikant

    I would suggest SIP in mutual funds only or a real estate in some developing place

  4. Ramesh says:

    What are your own proposals? What is your own thinking process in this?

    Since you are a planner yourself. It is easier to modify a plan, rather to start from ground.

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