Total child | |
Child 1 age | |
Child 2 age | |
Higher education age | |
Marriage age | |
Monthly expense | |
Inflation | |
Risk free rate of return | |
Return on investment for child future | |
Current cost of higher education | |
Current cost of marriage | |
Total outstanding loan amount as of today | |
Current life insurance cover | |
Current value of investment |
Current monthly expense | |
Years till life expectancy of spouse | |
Corpus required for house hold expenses | |
Current cost of education - child 1 | |
FV cost of education - child 1 | |
Current cost of marriage - child 1 | |
FV of cost of marriage - child 1 | |
PV of investment require for education (Child 1) | |
PV of investment require for marriage (Child 1) | |
Current cost of education - child 2 | |
FV cost of education - child 2 | |
Current cost of marriage - child 2 | |
FV of cost of marriage - child 2 | |
PV of investment require for education (Child 2) | |
PV of investment require for marriage (Child 2) | |
PV of all future need | |
Outstanding loan | |
Gross coverage required | |
Existing cover | |
PV for current investment | |
Net coverage required |
Above calculation is only for illustrative purposes.
Mutual funds investments are subject to market risks, read all schemes related documents carefully.
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Risk Factors – Investments in Mutual Funds are subject to Market Risks. Read all scheme-related documents carefully before investing. Mutual Fund Schemes do not assure or guarantee any returns. Past performances of any Mutual Fund Scheme may or may not be sustained in the future. There is no guarantee that the investment objective of any suggested scheme shall be achieved. All existing and prospective investors are advised to check and evaluate the Exit loads and other cost structures (TER) applicable at the time of making the investment before finalizing any investment decision for Mutual Funds schemes. We deal in Regular Plans only for Mutual Fund Schemes and earn a Trailing Commission on client investments. Disclosure of commission earnings is made to clients at the time of investments.
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