When we ask parents that what they want their child to become when they grow up, their eyes sparkle with pride and they respond:

Doctor, Lawyer, Bureaucrat, Pilot etc.

Loving a child means wanting what’s best for them long-term. Securing child’s future always remain to be top priority of every parent. We believe ensuring Financial support to your child’s future is of utmost importance.

Few Do’s for ensuring secure financial support for your children:

Do’s:

• Start saving early.
• Have definitive plan along with various milestone with their financial values
• Always top up your savings to match increment in study cost etc.
• Regularly review savings to ensure targeted goal is met flawlessly.
• Don’t forget to take life insurance of amount equal to human life value.

Various Instruments through which savings can be done are:

• Mutual Funds (both Debt & Equity)
• Direct Equity
• Corporate Bonds
• Bank Fixed Deposit
• Post Office Term Deposits
• Employees Provident Fund
• Unit Linked Insurance Plans
• Structured Products (like Private Equity, Real Estate Investment Trust etc.)

As a responsible parent, we should save judiciously & adequately to ensure that children’s dreams are not sacrificed due to lack of funds whether we are there or not.