Ranchi, the capital city of Jharkhand, is not just a hub of natural beauty but also a center for quality education. Among its numerous educational institutions, some stand out not just for their academic excellence but also for the hefty price tag that accompanies them. In this article, we delve into the most expensive schools in Ranchi, offering a glimpse into the educational institutions that set the bar for luxurious learning.
Create an Investment Goal for your child’s education at Rs. 1000!
1. Bishop Westcott Boys’ School:
Nestled in the heart of Ranchi, Bishop Westcott Boys’ School is a name synonymous with quality education and a heritage that dates back to colonial times. This prestigious institution boasts modern facilities and a commitment to academic excellence. The average bi-monthly fees here range from INR 6,000 to 9,000, making it one of the reputed educational institutions in Ranchi.
2. Delhi Public School, Ranchi:
A part of the renowned DPS Society, Delhi Public School in Ranchi is known for its holistic approach to education. With state-of-the-art infrastructure and a focus on nurturing well-rounded individuals, the monthly fees at this institution hover around INR 5,000 for lower classes to 7,000 for senior classes.
3. ODM Sapphire Global School:
ODM Sapphire Global School is a premium institution in Ranchi, offering a global curriculum and a commitment to providing a well-rounded education. Parents investing in their child’s education here can expect to pay an average annual fee ranging from INR 1,20,000 to 2,50,000.
4. Sarala Birla Public School
Known for its rich educational legacy and commitment to moral and academic values, Sarala Birla Public School, Mahilong stands among the elite schools in Ranchi. The average session fees at this institution range from INR 5,100 to 5,500 for classes 1 to 12. The admission fees range between 37,000 to 50,000 based on the grade the child is entering.
5. Oxford Public School:
Oxford Public School, with its emphasis on academic rigour and holistic development, is another noteworthy institution in Ranchi. Parents seeking enrollment for their children should be prepared for an average annual fee ranging from INR 20,000 to 50,000.
Investing Strategically for Your Child’s Education: A Prudent Move
As parents aim to provide the best possible education for their children, the financial commitment involved in these prestigious schools can be substantial. Beyond the immediate expenses, strategic financial planning becomes crucial to ensure a seamless journey through the academic years. One of the most effective ways to secure your child’s educational future is through mutual funds.
Why Mutual Funds for Education?
- Diversification: Mutual funds spread investments across various asset classes, reducing risk.
- Professional Management: Fund managers with expertise make investment decisions on behalf of investors.
- Flexibility: Investors can choose funds based on their risk appetite and financial goals.
- Affordability: Starting with as little as Rs. 1000 makes mutual funds accessible for all.
How to Get Started?
- Define Your Goals: Clearly articulate the educational goals you are saving for. Use the College Cost Calculator by EduFund to know the future cost of education across the world.
- Risk Assessment: Understand your risk tolerance and choose funds accordingly.
- Consult a Financial Advisor: Seek professional advice to tailor your investment strategy.
- Start Early: The earlier you start, the more time your investments have to grow.
In conclusion, while the cost of education at prestigious schools in Ranchi may be significant, strategic financial planning can make this journey more manageable. Mutual funds present an excellent avenue for parents to build a substantial corpus for their child’s education. The key is to start early, stay disciplined, and leverage the power of compounding to make those educational dreams a reality. With mutual funds, the path to securing your child’s educational future becomes not just a financial choice but a smart and achievable one.
