Saving For Children's Future
Jayashree / 14 Sep 2009
I want to save Rs 10 lakh each, i.e. Rs 20 lakh for my two children by 2019. My age is 40 and I can save Rs 6,000 per month. If you take into account inflation, how much should be the amount to be saved which is equivalent to Rs 10 lakh after 10 years? What rate of inflation are you taking into account or how much is Rs 10 lakh equivalent to after ten years? Please tell both the ways i) equity and debt ii) debt only lumpsum and monthly also.
- Shatrudhan Kalindi, on email
Runji, at the rate of 6 per cent annual inflation, you will need Rs 18 lakh at the end of 10 years to retain the value of today’s Rs 10 lakh! If you were to make a lump sum invest-ment, you will need Rs 7 lakh in a moderate portfolio and Rs 4.45 lakh in an all equity portfolio.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.