1. Starting early is the golden rule for achieving any financial goals and its essential in case of child’s future.
2. The power of compounding – earning return on both principal and accumulated interest over time, multiplies with each additional year.
3. Starting the financial planning journey of your child’s early age will allow you to handle rising cost without compromising your current lifestyles.
4. It helps beat the inflation. Industry estimates suggest that education inflation in India was around 11-12 percent over the last decade.
5. Equity should be part of your investment, even though equity is volatile in short term but outperforms other asset class over long term.