Third, being an automated investment, it will ensure that the

Third, being an automated investment, it will ensure that the

Why we need a higher education savings fund in India

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canadian goose jacket The conundrum faced by most investors on the choice of instrument is the risk in the instrument. Child Plans and SSY are low risk but come with their own set of problems. canadian goose jacket

Canada Goose online With SSY, only 50 percent of the accumulated amount can be withdrawn at the age of 18. canada goose clearance sale Hence many parents have started investing in mutual funds through SIPs. Canada Goose online

Canada Goose Outlet Third, the operational procedure involved in investing can be canadian goose jacket a bit cumbersome. Either the parentsmake the investment in their name to be used canada goose uk outlet for the child’s education or contribute funds towards their ward’s account for the investment. Canada Goose Outlet

canada goose deals The main issue that arises is that while people start off by allocating certain investments for child’s education, somewhere they are not able to uk canada goose outlet adhere to the investments. canada goose outlet The other issue is whether investors are able to keep with the rising inflation on education expenses. a college savings fund. This could be akin to canada goose the canada goose coats 529 Plans in theUS. canada goose deals

canada goose clearance A 529 plan is an investment account that helps to accumulate savings for education expenses and provides tax free withdrawals canada goose coats on sale for qualified education expenses in higher education. The expenses allowed are tuition, books, equipment and boarding expenses. canada goose clearance

canada goose black friday sale The advantages cheap Canada Goose of a college savings fund are many. First, it gives parents the convenience of Canada Goose Online saving for canada goose uk black friday their child’s education in one instrument. Second, investors also cheap canada goose uk do not have to think about how canada goose uk shop much to allocate to debt or equity Canada Goose Jackets as the fund would do it automatically. Third, being an automated investment, it will ensure that the Canada Goose Parka said amount is invested in a disciplined manner. Fourth, the parent has complete control over the account. Fifth, close relatives can Canada Goose Coats On Sale also make contributions in form of gifts into the account subject to certain restrictions. canada goose black friday sale

cheap Canada Goose Of course, like NPS, such accounts will be partly inflexible and rightly so. For canada goose clearance example, if withdrawals are allowed for non education Canada Goose sale purposes or early withdrawals are allowed, it becomes buy canada goose jacket cheap easy for parents to dip into these savings for other purposes just like canada goose store how PF (provident fund) accumulations are being used to fund home purchases. cheap Canada Goose

buy canada goose jacket In India, the college Canada Goose online savings fund can canada goose black friday sale be buy canada goose jacket created on the lines of NPS, which is low cost, has canada goose factory sale many pension fund managers Canada Goose Outlet and offers different investment plans. The government can also consider giving some tax benefits on the withdrawals uk canada goose to promote savings into these plans. Investors need to be cognizant that being market linked, these funds cannot be considered risk free or low risk buy canada goose jacket.

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