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Which is the best option for you to pursue MBA in the US?

Investing for education through a Systematic Investment Plan is a smart financial decision.

Cost of an MBA course in the US can range between dollar 50,000 to dollar 150,000 including exchange rate and inflation.

Living cost can range from dollar 30,000 to dollar 40,000 in the US.

Education inflation in the US is around 3% p.a. and cost-of-living expenses by 5%. 

To achieve your goal in 2 to 3 years, it is recommended to invest in less volatile instruments such as debt-oriented mutual funds.

For a span of 3 years, you need to invest about 5.30 lakhs each month and for 2 years, you need to save 7.74 lakhs each month.

You can even invest in conservative balanced funds such as equity savings to reap better returns, subject to lesser market volatility.

Your surplus income must be diligently invested for the sole purpose of pursuing MBA in the US. 

A financial advisor can help you create a comprehensive financial plan and ensure that you are on track to achieve your goal.

Click here to know more about  mutual fund SIP vs loan. 

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Mutual fund SIP Vs Loan: Which is the best option for you to pursue MBA in the US?

Investing for your education through a SIP is a smart financial decision and it is recommended that you do not invest in riskier assets like direct equity or equity funds.

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