1. Define the Education Milestone
Decide which stage you're planning for—higher studies in India, abroad, or specialized courses—and estimate the age when funds will be required.

2. Research Current Costs
Understand the present-day fees, tuition, living expenses, and travel costs for the targeted institutions or programs.

3. Factor in Education Inflation
Education costs typically rise faster than general inflation. Use a realistic rate to project future expenses accurately.

4. Estimate the Corpus Required
Calculate the total future value needed, considering tuition, accommodation, materials, and contingency buffer.

5. Choose Suitable Investment Vehicles
Invest regularly in long-term, growth-oriented instruments like mutual funds via SIPs to gradually build the required corpus.

6. Add Goal Protection via Insurance
Ensure the goal remains achievable even in your absence by linking a term insurance cover to this milestone.

7. Monitor and Realign
Review your plan annually to check if you are on track, and make adjustments for changes in education preferences or costs.