Importance of a Higher Education Savings Fund in India

The growing expenses of the education system in India has posed a challenge for most of the parents of this era. Gone are the days, wherein the education expenses were affordable in the country.

With the growing inflation rates and the top-notch competition to get into reputed institutions, it becomes tough to figure out as to how much to save for a child's higher education.

In India, we do not have a dedicated instrument meant for accumulating funds for higher education expenses of children.

So, the need of the hour is the requirement of an investment option which is structured to accumulate funds and allows for a tax-free withdrawal. This kind of a structured instrument will help the investors/parents to save enough funds for their ward's higher education.

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