For their future
Child education — affording it in 2030+
Engineering degree in 2026: ₹15L. In 2042 (when your 2-year-old is 18): ₹40L+ at 7% education inflation. Foreign MS: ₹80L+. SSY + balanced equity SIPs from year 1 of birth solves it. Wait until kid is 10 and you'll need 5× more contribution.
Why this hub
Education inflation in India runs 7-10%/yr (2× general inflation). You can't out-save it — you have to invest. SSY for daughters + ELSS for tax + balanced equity for growth.
Where to start
- Priority 1
Sukanya Samriddhi
8.20% govt-backed, daughters under 10, 80C.
- Priority 2
Balanced equity SIPs
10-15-year horizon = strong equity weighting.
- Priority 3
Education insurance
Term life with maturity benefit — ensures the corpus completes.
- Priority 4
Education loan (later)
Bridge any shortfall when kid is 17-18; 80E deduction on interest.
Read these next
Regulatory + scheme rules
- SSY: girls under 10, 21-year lock-in (closes at age 21), max ₹1.5L/yr deposit
- Education loan (80E): interest deduction, 8 years max, no upper limit
- Education inflation in India: 7-10%/year (vs 5-6% general inflation)
Not sure where to start?