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Nfo - Absl Bal Bhavishya Yojna
Nfo - Absl Bal Bhavishya Yojna
What parents want their children to become What parents want for children
Business 22 Be happy 49
78% say it’s impossible to afford even 1 child’s education for an average 1-member working family
65% spend OVER HALF OF THEIR YEARLY INCOME on child’s education & extra co-curricular activities
SOURCE: tflguide.com, The Value of Education Learning for life, published in 2015 by HSBC Holdings plc
And it continues to get costlier
A child undergoing higher education (under graduation and above) costs 18.3%
of total household income in Urban India.
The MBA fee in top institutes has risen from Rs. 5.5 lacs in 2008-09 to Rs. 22 lacs in 2018-19, a hike of 15%
per annum
A look at what MBA course fee could cost in few colleges 20 years from now at an
inflation rate of 10%
Depending on when you start saving, this is what you would need to save every month to
send your child to Top MBA college at the age of 21 years
1,40,000 1,40,000
INVESTMENT PER MONTH
1,20,000
1,00,000
80,000
60,000
54,000
40,000
25,000
20,000 15,000
0
1 year
30 535
years 1040
years 15 years
45
CHILD’S AGE AT THE TIME OF INVESTMENT
• Only 20% of parents surveyed had specific investment demarcated for Child education
• As a result, increasing aspirations and education costs are funded by borrowings and education loans
PARENTS mostly consider FEES as a savings target. They often forget to account for:
1. Inflation in tuition fees
2. Travel
3. Accommodation
4. Day-to-day expenditure
5. Exchange rate fluctuations if they plan to send the kid abroad
Source: The Value of Education Learning for life, published in 2015 by HSBC Holdings plc
Penalty for not being prepared: Parents’ Sacrifice & Regret
PARENTS’ SACRIFICE
PARENTS’ REGRET
Worry they don’t
Wish they started
have financial Wish they had
61% saving for their
child’s education 35% resources to 46% done saving more
support their regularly
earlier
child’s education
Source: The Value of Education Learning for life, published in 2018 by HSBC Holdings plc
Penalty on our child for not being prepared
286
300
205
200
100
0
FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18
SOURCE: RBI
Can anyone plan for Child’s dreams without sacrificing their own?
Definitely YES!
• From the tiny steps to big strides, raising kids is rewarding but not easy
• At Aditya Birla Sun Life Mutual Fund, we understand that big dreams
need nurturing
• We help you invest today so that your kids can be carefree tomorrow
• So there’s never a strain on you. Just smiles!
PRESENTING
Preparing to Fly
Who can Invest?
• The investments can be made only in the name of minors (<18 years at the time of investment)
• Unit holder till the time of attaining majority shall be represented by the parent or legal guardian
• Investment Options:
• SIP: Systematic investment plan to help invest in affordable monthly instalments
• Lumpsum: Invest a one time amount towards to your child’s future goals
*Please refer to SID of the scheme for detailed list of eligible investors
Key Features - Caters to your child’s education goals
*Please refer to SID of the scheme for detailed asset allocation table
Investment Philosophy
It provides you with the choice of investing in both Wealth and Savings plan at the time of
initial investments, subject to lock-in period
The scheme allows you to switch from Wealth to Savings plan or vice versa as per your
requirement
It’s fixed payment option allows you to receive income at fixed intervals, subject to lock-in
period
This facility allows you to transfer lump-sum money to other schemes with the potential for
higher growth through equities, subject to lock-in period
This product is suitable for Riskometer
Name of Scheme
Investors who are seeking:*
Aditya Birla Sun Life Bal Bhavishya • Long term capital growth
Yojna – Wealth Plan • investment in predominantly
equity and equity related
securities as well as debt
and money market instruments
Aditya Birla Sun Life Bal Bhavishya • Long term capital growth
Yojna – Savings Plan • investment in predominantly
debt and money market
instruments as well as
equity & equity related securities
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Let’s nurture their FUTURE & Plan
Systematically with
Aditya Birla Sun Life Bal Bhavishya
Yojna!
An open ended fund for investment for Children having a lock-in for at least 5 years or till
the child attains age of majority (whichever is earlier)
The document is solely for the information and understanding of intended recipients only. If you are not the intended recipient, you
are hereby notified that any use, distribution, reproduction or any action taken or omitted to be taken in reliance upon the same is
prohibited and may be unlawful. Wherever possible, all the figures and data given are dated, and the same may or may not be
relevant at a future date. In the preparation of the material contained, ABSLAMC has used information that is publicly available
including information developed in-house. Information gathered and material used in this document is believed to be from reliable
sources. Further the opinions expressed and facts referred to in this document are subject to change without notice and ABSLAMC
is under no obligation to update the same. While utmost care has been exercised, ABSLAMC or any of its officers, employees,
personnel, directors make no representation or warranty, express or implied, as to the accuracy, completeness or reliability of the
content and hereby disclaim any liability with regard to the same. Recipients of this material should exercise due care and read the
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