Friends, you're likely aware of how important education has become in today's modern era. However, education has become incredibly expensive, creating a hassle. However, starting early can make it easier and stress-free. You can make this easier by establishing a disciplined investment strategy from your child's birth. Let's learn the full details.

Start early:

Start a systematic investment plan (SIP) of ₹10,000 per month from the time your child is born. Thanks to compound interest, even this modest start can yield substantial earnings over time.

Increase gradually:

Increase your SIP amount by 10% every year in line with your salary increase. For example, ₹10,000 in the first year, ₹11,000 in the second year, ₹12,100 in the third year, and so on.

Invest for 10 years:

Continue this disciplined SIP for the first 10 years. After the 10th year, stop adding new funds. The invested amount will continue to grow in your account over time with compound interest.

Withdraw wisely:

When your child turns 10, start withdrawing ₹25,000 every month for his or her education expenses. This monthly withdrawal can comfortably cover school, college, and university fees for the next 12 years.

Avoid education loans:

With this plan, there's no need to pay EMIs or interest. Proper planning and consistent discipline are enough to cover the entire cost of your child's education.

Large returns with minimal effort:

In 10 years, you will invest approximately ₹19.12 lakh. Due to compound interest, your investment could grow to over ₹80 lakh. Even after withdrawing ₹36 lakh for education, you may still be left with ₹50 lakh, which will keep growing.