How much will your child's education cost? Plan today so you're ready when the time comes.
Future Education Cost
₹56.3 L
2.8× today's cost · 9% education inflation
Monthly SIP Needed
₹16,410
For 12 years · Total: ₹24.6 L
Education Inflation Is Real
Education costs in India inflate at 8-12% annually — much faster than general inflation (5-6%). A degree costing ₹20 lakh today could cost ₹50+ lakh in 10 years. Start early — even ₹5,000/month via SIP can build a massive corpus over 15 years.
Felix helps you build an education fund strategy — choosing the right funds, tax-efficient investing, and goal tracking.
Download Richify — It's FreeIIT fees (B.Tech): approximately ₹2-2.5 lakh/year as of 2024 (total ~₹10 lakh). But with inflation at 8-10% for education, the same degree could cost ₹20-40 lakh in 10-15 years. NIT fees are similar. Private engineering colleges charge ₹3-8 lakh/year currently.
It depends on the target amount and time horizon. For a ₹50 lakh corpus in 15 years at 12% returns, you'd need roughly ₹10,000-12,000/month via SIP. The earlier you start, the less you need monthly — compounding does the heavy lifting.
For long-term (10+ years): Equity mutual funds via SIP (ELSS for tax benefit + diversified equity for growth). For medium-term (5-10 years): Balanced advantage funds or hybrid funds. For short-term (3-5 years): Debt mutual funds or FDs. Avoid insurance-linked education plans — returns are typically poor.
Studying abroad (US, UK, Australia, Canada) typically costs ₹30-80 lakh for a master's degree including living expenses. Plan for this with USD/GBP-indexed investments if possible. Factor in exchange rate risk — INR has depreciated ~3-4% annually against major currencies historically.