How To Plan For Your Child's Education? | CA Rachana Ranade
Published: 2022-07-27
Status:
Available
|
Analyzed
Published: 2022-07-27
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The cost of education is projected to double in the next 10 years.
"you'll be surprised to see that the education cost is almost expected to double in the coming 10 years"
Pending
An estimated cost of education for children currently in grade one will be provided.
"what would be the estimated cost of education considering today his kids are in grade one"
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The cost of medical education, considering inflation, after 20 years will be calculated.
"if he his child decides to be a doctor then what would be the cost of this education considering inflation and all and that too what would be the cost after 20 years"
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The future value of current education costs and the required savings amount will be addressed.
"how much needs to be saved both? These are important questions uh I think just to sum up the questions two important points in this number one what will be the future value of current education and second one what will be the required amount to be saved"
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Short-term educational expenses, such as purchasing a laptop or mobile, can be planned for using the EDUFUND app.
"as far as short-term planning for your child's education is concerned something like a laptop or a mobile even that can be taken care of with the help of EUDUFUNDa."
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The EDUFUND team offers counseling services to guide parents and children on suitable career options.
"wherein experts in counselling would guide you as to what are the available career options and which career option can suit your child the best"
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If an investment fund is underperforming, advisory services will suggest alternative funds to help meet financial goals.
"if X fund is not performing well they'll suggest you that this can be the fund that you can use as a replacement which can you know help you to meet your goal"
Pending
Education investment plans can be edited to reflect changes in a child's chosen career path, such as switching from engineering to MBBS, with adjustments to SIP amounts.
"you will be able to tell as you fund team that okay we want to edit the career of the child now from Engineering we want to take it to MBBS and their team will help you out with now what should be the new sip which will be required"
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The cost of education is expected to double in the next 10 years.
"you'll be surprised to see that the education cost is almost expected to double in the coming 10 years"
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The app suggests a Systematic Investment Plan (SIP) amount for funding child's education.
"the suggested SIP amount"
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The app can be used for short-term financial planning for items like laptops or mobiles for a child's education.
"as far as short-term planning for your child's education is concerned something like a laptop or a mobile even that can be taken care of with the help of EUDUFUNDa."
Pending
The app's team offers career counseling services to help determine suitable career options for a child.
"EDUFUND team also have their own counselling department wherein experts in counselling would guide you as to what are the available career options and which career option can suit your child the best"
Pending
The app provides an advisory service to rebalance investment portfolios if a chosen fund is not performing well, suggesting replacement funds.
"EDUFUND team is giving is that they also have their own advisory service they will help you to rebalance your portfolio so just in case if X fund is not performing well they'll suggest you that this can be the fund that you can use as a replacement"
Pending
It is possible to edit the education plan within the app, such as changing a specialization from engineering to MBBS, and the team will help adjust the required SIP.
"you will be able to tell as you fund team that okay we want to edit the career of the child now from Engineering we want to take it to MBBS and their team will help you out with now what should be the new sip which will be required"
Pending