BEFORE PLANNING FOR YOUR CHILD'S MARRIAGE KNOW THIS...
The average budget for an Indian wedding ceremony in the middle class is estimated to be around Rs.30 lakh. (source: HT July 2015)
This estimate in 5 years time period will cross Rs. 60 lacs.
For the upper middle class and rich class, these estimate would run in Crores.
So, start investing for your Beloved child's marriage NOW!!
If you want to accumulate GOLD for your child's marriage...
Instead of gold bonds, start SIP in balanced funds to buy gold at the time of marriage of your child.
It is beneficial as the gold rates are expected to go down and the balanced funds has a potential to deliver good tax free returns.
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Just a thought..why save for child marriage..after 20 years are we pointing towards a 3 crore marriage.. shouldn't we be thinking how a small function and perhaps a court marriage can save so much of expense that the new married folks can start their life with out debt and save their parents a huge dent in their retirement. People spend crazy amount on their weddingand perhaps delay their retirement for ever for a one crazy day of mere societal pressureReplyDelete