Summary
A Portfolio For Your Kids
It's the all-important investment decision. Here's how to leave enough for your kids for different milestones in their lives.See the full content of this document
Extract
Money News
By Kapil Bajaj
The Medurys began investing for their child a couple of months after the birth of Ritsika, their only daughter, now two-and-a-half years old. When he did the math, Ram Kalyan Kumar Medury, 32, Group Project Manager at Infosys-Hyderabad, came up with numbers that will shape the future of their playschool-going child and was taken by surprise. "I did some arithmetic a few months after Ritsika was born and was shocked at the estimate of the cost of her education in inflation-plus terms. For instance, an MBA at a leading B-school costing about Rs 15 lakh today would, at 6 per cent inflation, cost Rs 45 lakh, 20 years from now. Throw in similar numbers for college education and the total would go up to almost Rs 70 lakh, and we are not even talking about Ivy League education abroad," he says.It's one of life's biggest and all-important investment decisions. And it does not come cheap. There are bills--and huge amounts--to be paid at every stage of life, whether it's pre- school, school, college education and professional courses or marriage. Then you may want to do more: you may also want to leave your child with more than eno...See the full content of this document
Sponsored links
