Plan in today's money, then add inflation
A course costing ₹20 lakh today will cost about ₹62.77 lakh in 12 years at 10% education inflation. Your ₹2 lakh already saved could grow to ₹7 lakh; a SIP of about ₹11,813 a month, raised 10% a year, can cover the rest.
Questions people ask
Why use 10% inflation for education?
College fees in India have often risen faster than general prices, especially for private engineering, medical and MBA courses. Many planners use 8–12% for education.
Where should I invest for this goal?
For goals 7+ years away, many families use equity mutual funds through a SIP, moving gradually to safer options in the last 2–3 years. For a daughter, Sukanya Samriddhi is another tax-free option.
Method and sources
Future cost = today's cost × (1 + education inflation)^years. Existing savings grow at the expected return. The monthly SIP closing the gap uses the same method as our SIP calculator, with an optional yearly increase. How we calculate.
Last reviewed 22 Oct 2026 by the WealthFeedz team.