Give Your Child the Gift of Knowledge.Invest in Their Education Today!
Securing a bright future for our children is every parent’s aspiration, and education plays an important role in achieving it. Recognizing the vital importance of education in our child’s development, we mustn't leave it to chance. It needs a well-thought-out financial strategy.
The cost of quality education is substantial and is anticipated to rise significantly. Therefore, planning your child’s education early on is crucial.
How can inflation affect your future?
At retirement ₹ 158.87
At retirement₹ 19,500
At retirement₹ 57,550
At retirement₹ 16,550
At retirement₹ 12,825
At retirement₹ 17,570
Benefits of Investing in Shriram Mutual Funds for Children’s Education
Easy accessibility and liquidity
Parents can withdraw funds when needed for their child's education. Mutual funds provide the flexibility to withdraw partial funds, ensuring the funds remain invested to generate returns.
Start investing in smaller amounts and gradually increase it based on your financial goals and needs. Whether it’s a lump sum or regular contributions through SIPs, you have the flexibility to align your investments to your aspirations.
Meet cost of inflation
Mutual funds have the potential to generate returns that beat inflation, helping you to accumulate funds over time to meet your financial goals. Start investing to safeguard your child’s education from inflationary pressures.
Potential for higher returns
Investing in mutual funds offers the potential for higher returns compared to traditional savings accounts or bonds. Mutual funds pools money from multiple investors to invest in a diversified portfolio of stocks, bonds and other securities, spreading the risk and potentially increasing returns.
Managed by Professionals
Fund managers strategically make investments across various assets to diversify risk. They understand your goals and customize your portfolio accordingly. This alignment ensures your investments are tailored to meet your financial aspirations.
Who Should Invest in Shriram Mutual Funds for Children’s Education?
This plan is suitable for the following investors*.
- Parents or guardians having the responsibility to safeguard their children’s future.
- Investors seeking long-term capital appreciation to accomplish their financial goals.
- Risk tolerant investors who are ready to invest in a diversified portfolio to balance risk and returns.
*Investors should consult their financial advisers if in doubt whether the product is suitable for them.
How to Invest in Shriram Mutual Funds for Children’s Education?
Step 01Use our children’s education calculator to find out investment.
Step 02Register and create a folio by completing KYC verification and bank account authentication.
Step 03Select the mutual fund you wish to invest in.
Step 04Choose SIP or lump sum and make the payment.
Step 05Receive confirmation of your investment.
Frequently Asked Questions
Can I open a SIP for my child?
Yes, you can open an SIP for your child's education using mutual funds. It's a convenient way to invest regularly and build a corpus over time.
Can grandparents invest in a mutual fund for their grandchild's education?
Yes, grandparents can invest in mutual funds for their grandchild's education. They can either open a joint account with their grandchild's parents or open a separate account with the grandchild as the nominee.
What is the ideal time to start investing in a mutual fund for a child's education?
It is recommended to start investing in a mutual fund for a child's education as early as possible, ideally when the child is born or in their early years. This allows for a longer investment horizon and the benefit of compounding returns.
How much should I invest in a mutual fund for my child's education?
The amount you should invest in a mutual fund for your child's education depends on your financial goals and how much you can afford to invest regularly. It is important to consider factors such as inflation and the cost of education when deciding on an investment amount.
Can I withdraw money from a mutual fund for my child's education for other purposes?
Yes, you can withdraw money from a mutual fund for your child's education for other purposes, but it is not recommended. This can impact the amount available for your child's education and reduce the benefits of compounding.
What happens to the mutual fund investment if the child does not pursue higher education?
If the child does not pursue higher education, the mutual fund investment can still be used for other purposes or can be left to continue growing for the child's future needs.
What is the difference between a children's education mutual fund and a regular mutual fund?
A children's education mutual fund is specifically designed for the purpose of funding a child's education and may have features such as lock-in periods and age-based asset allocation. Regular mutual funds, on the other hand, are designed for general investment purposes.