Financial Tools

Child Marriage Planner

As a responsible and caring parent, you want to see your child well-settled in life. Marriage is an very important event in your child's life and you want to ensure that you are ready to give your blessings, gifts and your financial support on this occasion. We understand this critical goal in your life and bring to you this "Marriage of Child" planning tool to determine the investments that you need to make in order to fulfill the dreams of your loved ones.

Years to maturity :

Years

It is the number of years remaining till the time, your child is likely to get married. For eg. If the marriage is likely happen at age 28 and your child's current age is 13 then 15 will be the years to maturity.

Estimated Cost of Marriage Today :

Rs.

Marriage is grand occasion in a family wherein you would want to do your best to match your living standards /class and expectations from you. Marriage costs in India can know no limits and most people often spend 20-40% more than what they had earlier accounted for. Typical costs involved are costumes, jewelery, gifts & demands, catering, venue, traveling, invitations, events, decoration, entertainment and so on. A decent middle class marriage would typically cost anywhere between 10 to 20 lacs at the lower end.

Estimated Increase in your Savings :

Yearly

This represents the actual increase in your savings on a year-on-year basis in percentage terms. Usually our savings do not rise as fast as our income since we also tend to spend more, buy more assets, etc. We should assume much lower rate (say 0% to 2%) to be on a safer side.

Expected Rate of Returns :

Yearly

Different asset classes can deliver varying levels of returns for any given investment horizon. The following matrix can help you with the same

Debt Asset Class - Between 7% to 9%.
Ideal investment horizon is very short to medium term (few months to say 5 years)

Equity Asset Class - Between 10% to 15%.
Ideal investment horizon is long to very long term (say over 5 years)

You may partly invest in both to get an appropriate asset allocation for your investment horizon.

Expected Rate of Inflation :

Yearly

Inflation is generally inferred from the measure of CPI released by the government agencies. However, this figure is more about representing the price rise in the basket of goods and services used in consumption than the inflation in marriage costs. We should assume a higher rate of inflation (at least 2 to 5% higher) for marriage costs, considering its nature and also adjusting for the gradual rise in your living standards.

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