<ul><li>Radhika Gupta, the CEO of Edelweiss Mutual Funds, predicts that higher education in the US will cost Rs 10 crore after 16 years, and she is saving accordingly for her 2-year-old son.</li><li>She explained the cost projection by factoring in inflation and currency depreciation, highlighting the need to consider these factors in financial planning for education and retirement.</li><li>According to Gupta, the current cost of higher education in the US is around Rs 2.5 crore. With an assumed inflation rate of 5% and currency depreciation rate of 4% over 16 years, the estimated cost would be Rs 9.9 crore.</li><li>Gupta suggested that investing Rs 1.6 lakh per month in SIP for 18 years can help accumulate a total capital of Rs 10 crore, considering a 12% expected annual return through compounding.</li></ul>

‘The math is simple’: Radhika Gupta claims higher education in US will cost ₹10 Cr after 16 years

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