How to reach child education goal after 15 years

Great to hear that you want to invest in mutual funds for your child’s education after 15 years.

However, you must set a goal in terms of how much you need after 15 years for this goal. Once you know that you can start a monthly SIP for 15 years.

Being a moderate risk taker, you can invest in balanced funds and assume an annual return of approx 12%. For example, if you want Rs 20 Lakhs for this goal, you can start a monthly SIP of Rs 4,000 only. Use this tool to arrive at the exact investment amount based on your actual goal amount https://www.advisorkhoj.com/tools-and-calculators/target-amount-sip-calculator

Hope the above helps! Thanks for writing to Advisorkhoj !!