Experts Urge Parents to Start Child SIPs at Birth as Costs Keep Rising
Updated
Updated · Mint · May 22
Experts Urge Parents to Start Child SIPs at Birth as Costs Keep Rising
7 articles · Updated · Mint · May 22
Early investing from birth can help parents meet a child’s future education, healthcare and life expenses, with experts urging SIPs as a core long-term tool.
Raj Khosla of MyMoneyMantra said parents should prioritize child-focused SIPs, add health insurance, use Sukanya Samriddhi Yojana for girls, and keep fixed or recurring deposits for short-term needs.
Sabyasachi Sarkar of Go Digit Life Insurance said families should add newborns to health cover within the allowed timeline, review term insurance, and consider child savings plans with a waiver-of-premium benefit.
He also advised naming an appointee because insurance benefits cannot be paid directly to a minor, underscoring that protection planning should accompany savings from the start.
The guidance reflects pressure from steadily rising education, medical and living costs, with experts recommending due diligence and consultation with certified financial advisers before investing.
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