Higher studies, such as MBA, MBBS and engineering courses from reputed institutes, command a higher cost. Add 10% education inflation to it every year. So, planning your child's education for higher studies should be based on this. However, you have a wide range of investment avenues to accumulate the required amount for your ward’s higher studies. These include - Stocks Mutual Funds Forex Fixed Deposits & Other Bank Deposits Money Market Instruments Invest predominantly in stocks, mutual funds and forex as they can appreciate the capital faster. At the same time, invest a fair sum in other mentioned instruments, which offer stability. A mix of high-risk, high-return, and low-risk, stable return products is critical to achieving the required sum for higher studies.