What Will Goals Cost in the Future?
| Goal | Today's Cost | Years Away | At 8% Inflation | At 10% Inflation |
|---|---|---|---|---|
| Engineering degree (private) | ₹8–15L | 18 years | ₹32–60L | ₹49–92L |
| MBBS (private) | ₹40–80L | 18 years | ₹1.6–3.2Cr | ₹2.4–4.8Cr |
| MS/MBA abroad | ₹30–80L | 20 years | ₹1.4–3.7Cr | ₹2.0–5.4Cr |
| Wedding (moderate) | ₹15–25L | 20 years | ₹70L–₹1.2Cr | ₹1.0–1.7Cr |
Funding Strategy: SSY + SIP Combination
For a daughter born today, target corpus of ₹1 crore by age 21:
| Instrument | Monthly Investment | Expected Corpus at 21 |
|---|---|---|
| SSY (₹1.5L/year) | ₹12,500/month | ~₹69 lakh |
| SIP in equity fund (12%) | ₹5,000/month for 21 years | ~₹55 lakh |
| Combined | ₹17,500/month | ~₹1.24 crore |
Education Loan as Backup — Not Primary Plan
Education loans are useful but expensive: 10.5–13% interest, and repayment starts 6–12 months after course completion. Better strategy:
- Fund 70–80% through SSY + SIP — your corpus
- Education loan for remaining 20–30% if needed
- Student starts earning and repays loan in 2–3 years
- This keeps your retirement savings intact
🌸 Plan With SSY Calculator
Use SSY Calculator →Q: Should I prioritise SSY or equity SIP for my daughter?
Both serve different purposes. SSY = guaranteed 8.2% tax-free floor, no market risk. SIP = potentially higher returns but with volatility. Recommended: Max out SSY first (₹12,500/month → ₹1.5L/year), then additional SIP for higher target. SSY alone should fund a good Indian college education.
Q: Can SSY be used for marriage before age 21?
Yes — the account allows premature closure for marriage after the girl turns 18. Additionally, 50% withdrawal is allowed at age 18 for higher education expenses (with proof of admission). The remaining balance continues earning 8.2% until full closure at 21.
⚠️ Educational purposes only. Consult a qualified financial advisor for personalised advice.