Planning a baby? CA gives ‘realistic cost check’ on how it could exceed Rs 1 crore

Raising a child in India now demands significant financial planning, with initial costs potentially reaching Rs 4 lakh in metro cities. Monthly expenses are estimated at Rs 18,000, and future goals like higher education could necessitate a corpus of Rs 1.1 crore. A Rs 15,000 monthly SIP over 18 years is suggested to meet these long-term financial commitments. Raising a…

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