I will need ₹1.2 crore for the higher studies of my two daughters by 2038. —Name withheld on requestYou will need to invest approximately ₹50,000 per month to achieve a corpus of ₹1.2cr with an investment horizon of 15 years to achieve the education goal targets. You could consider a combination of a flex cap fund, and index funds, both domestic and international, to achieve the gold with regular rebalancing. It is ideal to have investments in both an Indian index fund and a US index fund and move the monies gradually to a debt fund closer to it being needed. The long-term capital gains tax on the Indian index fund is 10%, if held for more than one year, and on the international index fund is 20% with indexation, if held for more than three years.

Source: Mint June 02, 2022 23:07 UTC