The most important goal for any parent is securing the future of their child. That's where Child's Future Planning becomes important. The young generation has a plethora of opportunities for career nowadays. From the traditional careers of medical, engineering, to the new generation careers in space technology, all of them require funds.

With the educational inflation the fees for higher education are exorbitant and need thorough planning. The best time to start planning for the child's education is when you are planning to start the family because the earlier you start investing, the power of compounding starts working in your favour.

Goal Setting & Action

Personalised plans are created by understanding the specific needs of the child and help in reaching the educational funding goals. Once the amount required for the educational goal is ascertained along with the financial risk profiling of the parents, the personalised plan is created. The optimal asset allocation required to reach the goal is decided. A monthly /quarterly /yearly or lump sum amount is invested as per the plan. One such comparison of a personalised plan vis a vis a readymade plan is given below for reference.