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Children Education Planner

This calculator helps you determine how much you need to invest monthly through a SIP to achieve your financial goals. By simply inputting your expected rate of return, investment tenure, and desired target amount, you can estimate the total corpus you will accumulate over time.

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Enter your first child name
Enter your second child name
Enter your first child current age (in years)
Enter your second child current age (in years)
Enter the age at which your first child would be ready for professional education (in years)
Enter the age at which your second child would be ready for professional education (in years)
Enter the amount you would need at today's cost to fulfil your first child educational needs (Rs)
Enter the amount you would need at today's cost to fulfil your second child educational needs (Rs)
The expected rate of inflation over the years (% per annum)

What rate of return would you expect your investment? (% per annum)
How much savings you have now? (Rs)
Result
Education Planner Cost of Raju's education Cost of -'s education Total cost for both
Amount at today's prices Rs. 5,00,000 Rs. - Rs. 5,00,000
Your child will take up professional education in 10 year(s) 0 year(s) -
Expected rate of return from investments (% per annum) 95 % - % -
Future cost of education (Inflation adjusted) Rs. 8,14,447 Rs. - Rs. 8,14,447
Your current savings amount Rs. 10 Rs. - Rs. 10
Monthly Savings required Rs. 42 Rs. - Rs. 42
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FAQ

Frequently Asked Question

What is a mutual fund?
A mutual fund is a pooled investment vehicle that collects money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities. It is managed by professional fund managers.
How do mutual funds work?
Investors buy units of a mutual fund, and their money is combined with others. The fund manager uses this pool to invest in various assets. Any gains or losses are distributed proportionally among the investors based on their units.
Are mutual funds safe?
Mutual funds are subject to market risks. However, the risk level varies depending on the type of fund. For example, equity funds are higher-risk, while debt funds are relatively safer.
Can I lose money in mutual funds?
Yes, mutual funds are linked to market performance, so there is a risk of loss. The extent of loss depends on the type of fund and market conditions.
What is the expense ratio?
The expense ratio is the annual fee charged by the mutual fund to manage your investments, expressed as a percentage of the fund's assets.