Archive · 23 May 2025
Edelweiss CEO Explains Rs 10 Crore Education Savings Plan
Imagine you want to send your child to college in the future.
Radhika Gupta, a finance expert, explained how to save a lot of money for it.
She said that the cost of education in the US now is about Rs 2.5 crore.
But because things get more expensive every year (that's inflation), the cost will be much higher in the future.
She calculated that with inflation and the changing value of money, it could reach Rs 10 crore in about 16 years.
Her main point is that it's important to plan early and think about how prices will increase over time to reach big financial goals.
Radhika Gupta, CEO of Edelweiss Mutual Fund, shared her approach to saving for a child's higher education.
She explained the math behind potentially needing Rs 10 crore for higher education.
The calculation considered the current cost, inflation, and currency depreciation over 16 years.
Gupta emphasized the importance of accounting for inflation in financial planning.
Her message promoted long-term thinking and early planning for financial goals.
- Who
- Radhika Gupta, CEO of Edelweiss Mutual Fund.
- What
- Shared her approach and the math behind saving Rs 10 crore for a child's higher education.
- When
- Recently, in May 2025.
- Where
- N/A
- Why
- To highlight the importance of long-term financial planning, especially considering inflation, for major expenses like education.
- Speaker
- Radhika Gupta
- Speaker's Role
- CEO of Edelweiss Mutual Fund
- Target Savings
- Rs 10 crore
- Savings Goal
- Higher Education
- Time Horizon
- 16 years
- Inflation Rate
- 5%
- Currency Depreciation
- 4%
- Published Date
- May 2025