SAVINGS TARGET
What you need to save in a Public Provident Fund (PPF) if you want to fund your child's higher education through it. Cost of course (Rs lakh) Today In 15 years
MBA* What you need to invest each year
Rs45,940 12.47
6
Engineering/medical
Rs38,283 Rs15,313
10.39
4.16
5
2 (Lower end)
(Upper end)
Professional courses
Rs38,283 10.39
5 * From a private institute; Figures are indicative; Inflation is assumed at 5% and the rate of return in PPF is 8%
Source: Mint research