If i start investing now, how much can i save for my 6 year old son's education?

I want to save for my child's education. How much can i save if i start saving now?|||Do you know where you wnated to invest ?





1)FD


2)ULIP


3)MF - eq diversified , Balanced , MIP , debt


4) Normal LIC


5) MIS


6)NSC/KVP





For how many yrs and monthly installment ?





I assume it for 10 yrs as 6 + 10 yrs will be your son's age





You select





1) one equity diversified -HDFC equity (G)


2) one HDFC prud balanace(G)


3) Rel growth fund(G)





PUt 1000 each month in each one for 10 yrs. IT should be okay..








For 10 yrs , you get 6.67 laks at 12% rate of interest.


at 15% , you get ---7.8 laks





We should not calculate more than 12 % for MF as, it destroys the goal..





For more money , put more investment and select longer horizon..|||A nominal amount of Rs500-Rs1000 per month is enough to invest in a good mutual fund like


hdfc top200 scheme.


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