Inflation may be down to nearly zero but a major expense of the average Indian household is growing at a fast clip. The cost of higher education is already high and rising at 10-12 per cent a year. Children’s education is one of the biggest cash outflows that families must plan for.
A four-year engineering course costs roughly Rs 6 lakh right now. In six years,
The cost is likely to touch Rs 12 lakh. By 2027, it would cost Rs 24 lakh to get an engineering degree.
SIP or Systematic Investment Planning is a way to invest specific money for a spcific period of time.
