Parent's ₹5,000 SIP: Build ₹1.5 Cr for

Most Indian parents start saving for their child too late. Starting a SIP, buying term insurance, and opening a Sukanya or PPF account early can turn small monthly amounts into a life-changing corpus — here's the exact playbook.

Here's what happened: Child education costs in India are rising 10–12% annually — a degree costing ₹10 lakh today could cost ₹35–40 lakh in 15 years.. A ₹5,000 monthly SIP started at a child's birth, earning 12% annual returns, can grow to approximately ₹50–55 lakh by age 18.. Government schemes like Sukanya Samriddhi Yojana (8.2% interest, tax-free) and PPF offer guaranteed, risk-free alternatives for conservative parents..

What you should do: Start a SIP today — even ₹1,000/month in an equity mutual fund gives your child a meaningful head start; delay costs compounding years you cannot buy back.. Buy a pure term life insurance plan covering at least 15–20x your annual income so your child's future is funded even if something happens to you.. Open a Sukanya Samriddhi account if you have a daughter (up to age 10) — deposit up to ₹1.5 lakh/year and claim full Section 80C tax deduction..

Name your child as nominee on every policy and investment account right now — most parents forget this and families face legal nightmares during claims.