What is KWP (Kid’s Wealth Plan)?
KWP – Kid’s Wealth Plan is a goal-based financial planning strategy designed to secure a child’s future by building a disciplined savings and investment roadmap. It helps parents systematically accumulate wealth to meet significant future expenses like higher education, overseas studies, marriage, or startup capital.
Unlike traditional savings plans, KWP focuses on growth-oriented, diversified investment tailored to a child's specific life goals and timelines.
Why is Kid’s Wealth Planning Important?
- Education Inflation is rising at 8–10% per year.
- A medical or MBA degree that costs ₹15–20 lakhs today may cost ₹40–50 lakhs in 15 years.
- Relying only on savings accounts or FDs is not enough to beat inflation.
- That’s why structured long-term investing is crucial to build a future-proof financial corpus.