Planning for a Childs future in terms of education is always in the top priority whenever you ask parents, education is that framework which will secure a Childs future and that’s why the emphasis on quality education is a set benchmark with parents who are willing to invest in their Childs education. Now talking about a Childs future, the basic research as a parent you would do is understand what does your child aspiration is and what does he want to become, I know that children these days get easily inspired after watching certain things and it keeps on changing multiple times, however if we consider cost of education in any field today compared to say 1 or 2 decades, you will be surprised to know the inflation rate in education sector has been soaring more than 300%, now that can set any parent on the back seat considering how to plan financial with such high inflation rate for Childs future.
The trend in India as we might have observed from our parents, their friends, neighborhood and society is that firstly education funds are not always the set priority and its heavily dependent upon funds from FD’s (fix deposits), inheritance funds left by grandparent for their grand children and in many cases which is common these days is education loans which I feel is more of a burden which creates pressure for both parent and child.
I would give a fair share to my parents for providing me quality education, they definitely understood that education is a must for a brighter future and kept saving from the very beginning, however the saving were not enough to fulfill the complete fees and we had to opt for other resources however the intend was always there.
We are now an educated bunch of youth developing in India and we sure know the importance of Education but what we lack is the understanding somewhere about what could be a healthy and profound solution of saving for our child’s education? Mutual funds! How does that sound? Yes, with the ever growing and developing market, mutual funds investment has that right algorithm to fight the mighty inflation, as the investment grows and evolves with market at a brisk consistent rate.
Lately an initiative was conducted in many cities of India at Crossword and KidZania on-ground activation for NEW INVESTOR EDUCATION AWARENESS CAMPAIGN – #DoYourHomework by Axis Mutual Fund to better understand the parent and child relation in terms of aspiration sync, apart from that information regarding parent’s ideas and opinion on education savings for their children were also taken as a crucial parameter.
Considering the data and research parameter from the campaign, Axis Mutual Fund came up with some healthy pointers and useful details in their micro-site do your Homework, if you browse through you will come across a custom made market ready calculator that will help you plan your Childs future, apart from that you can also download The Homework App, a space that will make you think and get guidelines on how mutual funds can be beneficial if investment is started from a early age of the child and multiple market aspects as well.