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 Content Editor

Education Planning Calculator

The golden questions- How much to invest, at what interest rate and for how long to invest, to give your child the bright future he/she deserves! All these answers provided right here with the education planning calculator.

Whats your child name?
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Current age of your child
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How old your child will be when you need this money?
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How much you have saved till now?
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Cost of education now
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Expected inflation rate (P.A)
Expected rate of return on investment (P.A)

Future value of cost of education

Investment required per month to meet your child’s cost of education

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Children Education
Plan Calculator

Every parent aims to provide the best of everything to their child. And the child’s higher education is no exception to this. As you are aware, higher education is a necessary tool to get started on a career path and succeed in life professionally. While the little one firms up his/her career choice, you as a parent need to be financially prepared to support the ultimate choice. With education costs skyrocketing, it's prudent that you start the financial planning at the earliest.

What makes the planning complicated, is inflation. Just like your mutual fund returns compound with time, inflation also negatively compounds and increases the present value of all services. If inflation increases in the future, you will have to pay much higher fees for academic years than in the present. In India, higher education costs are already high and increasing at 10-12% every year.

Here’s where our education planning calculator comes into the picture. It helps you derive the extent of investments required to reach your target amount.

The Children Education Plan Calculator will help you in such futuristic calculations. Using the Education Planner, you can calculate the amount of money you will need to invest from today onwards to achieve the desired amounts for your children. This is done by choosing the suitable investment options (such as SIPs in MF) and accounting for the savings you may have already. You can approximate the education expenses at today's prices and let the calculator do its magic!

The Children Education Plan Calculator will show you the detailed results for two children at a time. The best part is that you do not need to hire a financial planner to calculate this. The figures the calculator gives you are-

  • Cost of education at today's prices
  • Future cost of education (Inflation adjusted)
  • And a comparison of your current savings amount and monthly savings required

You can then use our SIP calculator to know how much to invest each month for various mutual fund schemes that give varying returns.

Disclaimer: The above results are for illustration purpose only. Please get in touch with a professional advisor for a detailed suggestion. The calculations are not based on any judgments of the future return of the debt and equity markets / sectors or of any individual security and should not be construed as a promise on minimum returns and/or safeguard of capital. While utmost care has been exercised while preparing the calculator, NIMF does not warrant the completeness or guarantee that the achieved computations are flawless and/or accurate and disclaims all liabilities, losses and damages arising out of the use or in respect of anything done in reliance of the calculator. The examples do not purport to represent the performance of any security or investments. Given the individual nature of tax consequences, each investor is advised to consult his/her professional tax/financial advisor before making any investment decision.

The information/illustrations provided herein is meant only for general reading purposes and the views being expressed only constitute opinions and therefore cannot be considered as guidelines, recommendations or as a professional guide for the readers. The document has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. The sponsor, the Investment Manager, the Trustee or any of their directors, employees, affiliates or representatives (“entities & their affiliates”) do not assume any responsibility for, or warrant the accuracy, completeness, adequacy and reliability of such information. Recipients of this information are advised to rely on their own analysis, interpretations & investigations. Readers are also advised to seek independent professional advice in order to arrive at an informed investment decision. Entities & their affiliates including persons involved in the preparation or issuance of this material shall not be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including on account of lost profits arising from the information contained in this material. Recipient alone shall be fully responsible for any decision taken on the basis of this document.

MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.

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