The belief that a good education will provide a good life is entrenched in the way we think. Indian parents are willing to go at length to provide their children with the best education and are ready to spend as much as it takes. Many parents start saving when their child is very young, to prepare for future college related expenses. But which investment avenue should they choose?
A Systematic investment plan or SIP is a plan that helps you invest in mutual funds on a regular basis. You can choose to invest weekly, monthly or quarterly for a year – the most popular choice being monthly.
In the age of growing volatility across financial products, currency fluctuation over the years has been no different. The Indian rupee also had its share of wild fluctuations against the US Dollar. So which avenue is better?
Remember the game of hide & seek you must have played as a child?
The Indian market, after touching all-time high in February 2020 plunged to Covid-19 outbreak. The market has corrected significantly since then but has managed to regain its earlier levels last month.
The education of their children remains an aspirational goal for every Indian parent. Every parent wants and strives to provide the best quality education and seeks to fulfil the dreams of their children.
With the rising demand and value of knowledge, education is getting expensive every year. The inflation in education is possibly higher than household inflation which is deterring the financial preparedness of parents for an aspirational and defined event like education.
How does the central bank put money in the economy? The Federal Reserve prints money and buys bonds equivalent to the money printed from the financial institutions.