Fund Your Child’s Education through MUTUAL FUNDS
You are already in your twenties and planning for a child, or if you are already blessed with; saving just for your retirement cannot be the ONLY FINANCIAL GOAL. With the high cost of education today, pooling a portion of your income or savings into an education fund for your child is necessary. Let us tell you how to go about it. Here:
As mentioned above, the cost of education is increasing every year, you can say 20% more every year, yet parents need to explore investment way-outs that can help in meeting their financial expenses and give them considerable returns timely. In this respect, mutual funds are one of the reliable options to create wealth for a longer period. Here: to know what are mutual funds?
Say NO to the common belief, you don’t need to be a financial professional to taste everything with mutual funds. They are managed by financial wizards who have the foresight and expertise to invest in the right stocks.
Benefits of Investing:
- The stocks of mutual funds are well diversified. The risk is distributed over different types of stocks.
- As always, an education fund needs flexibility which is possible with mutual funds.
- All investments are made by seasoned fund managers on behalf of investors after in-depth research and analysis. Nothing is prompt!
- Long term mutual funds are better because they generate the highest returns as compared to others.
To start investing, you (parents) can either invest in specific children’s plans or create a portfolio primarily for children’s education fund.
We know that the education expense scale is increasing and at a moment if you are thinking, don’t delay.
If you are going to need it 7 years from now, you’ll need to start saving more what you are looking at a timeline of 10-15 years. If you have no idea about the fund amount, start looking for the professional financial advisor that can guide you throughout based on your interests and the costs involved.
Like said, when it’s about investing, the sooner you start, the better will be the life. Always remember, a delayed start will not only leave you with an insufficient corpus but will put your financial goals at risk. So, what are you choosing?
CAUTION: If you start saving in your 30s or 40s for your child’s education, you may fall short of the desired amount. Do you really want your child should spend rest of their life in paying-off education loan?
Don’t wait too long, start investing right away. Not sure about mutual funds? You can consider the financial help on Gulaq.
Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.