NEWS & ADVICE : EDUCATION LOANS
Plan for your child
By Neelima Shankar
Print    Email    RSS   

You should start early to save for your child's education. There are numerous children plans available that are offered by various insurance companies. Most people invest in such plans due to emotional value attached to these plans. However, such offerings are not recommended by financial planners.

You can also invest in a children plan through mutual fund route but these plans are again not recommended due to their inconsistent track records and low assets under management.

Apart from this, there are products like ‘Kotak Starkid facility' that allow investors to choose from three schemes offered by the fund house-Kotak 30, Kotak Opportunities fund or Kotak Tax Saver. Investment in this product provides you free insurance to the extent of unpaid SIP instalments. However, you have to commit to the fund house till the extent of the SIP period.

Open-ended diversified equity funds are the most appropriate when it comes to building corpus for your child's education. The best feature of such funds is the opportunity it gives the investor to rectify his mistakes and realign asset allocation.


Page  | 123 |  
(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Carnival of Indian Personal Finance Blogs #4
Get the basics right before applying for...
An insight into education loan schemes for...
A chronicle of excesses by loan recovery...
Education Loan for B-Schools


ROPAR: CaℒL Giℛℒ In Kurali 09855660911...
Why Pitampura Tutors (Ph:- 9911742311) & Private...
kala jadu in hindi 9636854282

NEWS THIS WEEK
Banks to look forward to hire students from IIT/IIM Feb 18, 2015
Union Bank of India hiring for the post of specialist officers Feb 16, 2015
Canara bank launched scholarship Scheme Feb 13, 2015
AXIS bank started ‘My idea of progress’ Campaign Feb 12, 2015
RBI inviting applications for the guard post Feb 11, 2015
News Archive