You need 60% higher initial step up SIP for 3-year delay if you want Rs 1 crore for childs foreign education

To secure a child's future foreign education, initiating early investments through a step-up SIP is crucial. Starting with a monthly SIP of Rs 20,413 and increasing it by 8% annually over 18 years, targeting 12% returns, can help accumulate Rs 2.41 crore. But if you delay investment by just 3 years, the overall cost may rise by nearly 17%.