Adani Enterp. 2544.35↑6.90(0.27%)
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Asian Paints 3128.40↑4.85(0.16%)
Axis Bank 926.95↑5.90(0.64%)
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Coal India 241.50↑1.45(0.60%)
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HCL Technologies 1139.20↑23.20(2.08%)
HDFC Bank 1615.80↑6.20(0.39%)
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Hero Motocorp 2745.15↑12.35(0.45%)
Hind. Unilever 2652.35↑55.10(2.12%)
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ICICI Bank 950.70↑10.85(1.15%)
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ITC 443.60↑2.45(0.56%)
JSW Steel 701.70↑5.05(0.72%)
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NTPC 174.50↓0.00(0.00%)
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Power Grid Corpn 237.30↓-0.65(-0.27%)
Reliance Industr 2506.50↑66.55(2.73%)
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St Bk of India 586.00↑4.75(0.82%)
Sun Pharma.Inds. 969.90↑24.90(2.63%)
Tata Consumer 789.70↑9.40(1.20%)
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Tata Steel 106.40↑1.55(1.48%)
TCS 3328.90↑35.40(1.07%)
Tech Mahindra 1114.75↑16.65(1.52%)
Titan Company 2742.15↑34.20(1.26%)
UltraTech Cem. 7721.85↑100.10(1.31%)
UPL 688.10↑12.30(1.82%)
Wipro 401.70↑7.60(1.93%)

Start saving and investing early if you want your child to study abroad

Get an estimate of the amount you need to target and then invest in simple equity funds to arrive at the goal

Sanjay Kumar Singh New Delhi

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6 min read Last Updated : Nov 15 2020 | 9:20 PM IST

Most upper-middle-class (and above) parents today regard a foreign degree as a passport to the good life for their child. Hence, educating her in a top-class foreign university is among the most important goals among upper middle class and affluent Indians. This Children’s Day, let us get into the nitty-gritty of what this goal will cost you and how you can go about achieving it.

Most popular destinations

While earlier the most popular destinations were the United States (US) and the United Kingdom (UK), today they have been supplanted by Canada. “In Canada, there is a high probability that after completing her course the student will get a work visa, then a permanent residency, and finally a citizenship. Both in the US and the UK, there is a high level of uncertainty nowadays in this regard,” says Neeraj Khanna, co-founder and director of Bengaluru-based Spark Career Mentors. While Canada is increasing its ta