Managing children's education

Praveen (38) is a software professional and takes home Rs 1.8 lakh per month. His family comprises of his wife (35), mother (65) and 18-month-old twins. The family's monthly expenditure is Rs 80,000. Praveen invests the balance in various equity mutual funds through SIPs. This has helped Praveen accumulate a mutual fund corpus of Rs 19.50 lakh. He also owns two houses. Praveen wants us to analyse whether he is on the right track to achieving his goals. He also wants some guidance on how he should manage the regular school fees of his children.

This article was originally published on September 08, 2021.