For a parent, seeing their child happily married is an occasion of joy. Whether it is the happiness of seeing your son brings home a bride, or the bittersweet joy of seeing your daughter start a new life with her husband. But giving your children the wedding of their dreams and meeting the expenses would require that you start making the investment from today onwards.
Choosing the right investment options for Accumulation of the wedding funds is dependent upon the current age of the child. When the child is quite young, one can build the fund by investing in high growth investment products over longer term. For grown up children, it is better to invest in safer and short duration investment products.
Some part of investible money may be allocated to Gold/Gold Funds to meet the Gold/ Jewellery needs at the time of marriage.
Why not make sure that this precious time is spent in happiness and celebration rather than in wondering how to foot the bills?
Following these steps will ensure you enjoy your child’s wedding day–without financial stress:
Current Cost and Time Horizon
Calculate the Future Cost of the Marriage taking into account inflation
Start Investing for achieving the goal
Review the Investment regularly