Invest In NSC (National Savings Certificate):

This is one of the best proven methods of child education plan. One can invest in NFC certificates every year for 1 Lakh for tax purpose (80c) for 10 years. However, he expects that from 11th year he doesn’t have to spend for his child’s education which is right. He would get 2.34 Lakhs per annum from 11th year onwards for 10 years.

Equity Mutual Funds:

A monthly SIP of 5,000 in equity mutual funds for 18 years can fetch you 33 lakh, assuming a return of 12 percent per annum. Even considering an inflation rate of 6 percent per annum, this amount would do more than suffice. However, the key here is not the amount invested but the time given. Power of compounding has always been understated. Equity funds have a history of generating 12-15 percent per annum returns.

And SIP, of course, is considered to be one of the best ways to average your cost over the long term.

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FDI in Services Rises 20Percent to $1.46 Bn in First Half of FY16