Investment advice for son's education

Q & A Forum › Category: Financial Planning › Investment advice for son’s education

T M Ghosh asked 8 years ago

Hi Sreekanth, Hope u r doing well! Need your advice on investment opportunity for my son's education.

Need return or maturity in May, 2025 i.e. 7 years from now
Expected return: ₹30 lakh
Investment amount: ₹15 - ₹16 lakh
Investment terms: part or lump sum
Risk category: low risk or guaranteed return

NOTE: I already have sufficient corpus for retirement in form of SIP and will continue as long term and medical insurance floater for family. Thanks in advance and regards,

1 Answers

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Sreekanth Staff answered 8 years ago

Hi, May I know why would you like to invest only in low-risk/guaranteed investment option(s)? If you invest Rs 15 Lakh for 7 years and would like accumulate around Rs 30 lakh then the expected return is around 10%. Suggest you to kindly go through below article and analyze your requirements ; https://www.relakhs.com/calculate-kids-education-goal-amount/ By the by, may I know if you have adequate life insurance cover??