Here is how you can plan your child’s education through mutual funds!

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Systematic Investment Plans (SIPs) have become an investing strategy because of their favorable returns and convenience.

You, too, may build a healthy corpus for your children’s future goals with the correct SIP investment.

That said, with investing in products like mutual fund becoming easier, one should realise that children’s goals and dreams are never fixed.

Education can be expensive, especially if your child plans to attend a foreign college or university abroad.

Here is how you can plan you child’s education through mutual funds:

To plan for your child’s education, you need to get as close to their education goals as possible.

Re-assess your education goals and financial planning at least once a year to ensure you are on the right track.

Diversify your investment portfolio across different asset classes when it comes to mutual funds. This will help mitigate market volatility risk and ensure your money grows in multiple ways.

Financial experts say that investing in passive mutual funds, equity mutual funds can reap you a long-term benefit that can be aided for your child’s future goals.

One way to tackle higher education costs is through discipline investing in systematic investment plans (SIPs).

It enables you to invest in instalments so that a predetermined sum is periodically debited from your bank account and invested in a predetermined mutual fund plan.

That said, financial experts suggest starting early is the key to investing for your children. The sooner you begin saving, the simpler it will be to invest small affordable amounts, reap the benefits of compounding, and build up a sizeable corpus for your child’s future.