Best Mutual Funds for Child Education

An Engineering or a Medical degree? In India or Overseas? Whatever and wherever your child may dream to pursue, his higher education shall need large sums of money as fees and expenses. The inflation will only make the education more expensive. Start early and invest systematically in best mutual funds for child education to create a large fund to fulfil your child’s dreams.

Model Solution for Child Education Planning
Preferred Plans for Children of age years for risk profile

Row Product Name
1 Yr (%)
Performance
3 Yr (%)

5 Yr (%)
Fund Value of ₹ 10,000
Invested Per Month (5 Years)

BANK OF INDIA FLEXI CAP FUND-REG(G)

Equity - Flexi Cap Fund

Benchmark Return

54.28

38.36

25.89

18.92

-

17.27
1116044 /-

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AXIS GROWTH OPP FUND-REG(G)

Equity - Large & Mid Cap Fund

Benchmark Return

42.56

43.12

18.60

21.44

20.19

19.33
976514 /-

Start Investing

MIRAE ASSET AGGRESSIVE HYBRID FUND-REG(G)

Hybrid - Aggressive Hybrid Fund

Benchmark Return

25.78

26.55

13.46

13.98

13.21

14.05
827096 /-

Start Investing

EDELWEISS BALANCED ADVANTAGE FUND-REG(G)

Hybrid - Dynamic Asset Allocation or Balanced Advantage

Benchmark Return

24.18

-

12.62

-

13.96

-
842091 /-

Start Investing

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tip TIP : A 13,000/- per month SIP grows to 64 lacs in 15 years, sufficient to meet a higher education goal.





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Suggested Assest Allocation

  • Equity-FLEXI CAP (50%)
  • Equity-HYBRID (50%)

Expected Portfolio Return


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FAQs

How much funds shall I need for my child’s education?

Today’s cost of higher education has to be adjusted with inflation to know the future cost of your child education. The future cost shall also depend upon your child’s current age.

After knowing the future cost of education, you may start with monthly or lumpsum investment that suits your budget. You may later increase your investments to fill the shortfall, if any.

The best investment options vary for each investor and are dependent upon child’s current age, availability of funds and risk taking capacity of the investor.

Rate of return on investments depends upon the type of investment chosen. In safer funds/investments, the historical returns have been 8-9% per annum while in growth investments, 12-15% returns can be expected over a period of 5 years and more.

Mutual fund investments are regulated by government through SEBI. Risk/safety in mutual funds depends upon the type of fund in which investments are made.

Your mode of investment shall depend upon availability of funds. However, for child education fund planning, a combination of lumpsum and monthly investment is suggested.

When we invest a fixed amount on a predefined interval in a mutual fund scheme, it is called systematic investment plan (SIP). E.g. Investing 2000/- per month on 10th of every month.

To start a SIP investment, one cheque is required with application form which also includes ECS mandate form. As the ECS mandate gets registered with the bank, the fixed SIP amount starts getting deducted every month on the chosen date directly from bank account.

Yes, more amount can be added to existing investments anytime.

It is suggested that you withdraw the money from your child education fund only for your child needs. However, the money can be withdrawn in case there is an extreme emergency from funds which do not have a lockin period.

SIP can be stopped anytime. A one month notice is to be given to mutual fund company.

You can withdraw your funds partially or fully anytime subject to exit load or taxes, if applicable.

Taxation on gains is dependent upon various factors and can be discussed individually with the financial advisor.

Yes, rebate under section 80C is available in growth oriented ELSS funds.

Aadhar and PAN card of the investor are mandatory. Investment can be made through investor’s bank account only.

In case of an unfortunate event, the investment is transferred on nominee’s name after completion of required documentation.

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InvestGuru works with you as your personal financial advisor. We recommends you to invest through us so that we provide the right advice in the beginning and can also keep track of your investments to support you throughout your investment period.

You can redeem your investments either online through your login id and password or by submitting physical forms. You may also let us know your requirement and we will help you to complete the documentation required for redemptions. After the redemption is made, you shall receive the money from the fund house/insurance company directly in your bank account, or through cheque(in some cases).

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