Father’s Day: How fathers are prioritising their girl child education

On Account of Father’s Day, an investment management company, has conducted a study to gain valuable insights into the financial goals and investing patterns of fathers across the country at different stages of life. Some significant findings from the study: Planning for Children's Higher Studies Gains Urgency after the Age of 40 -The study findings indicate that for fathers below the age of 30, the highest priority goal is to buy a home, with only 6% of them actively planning for their children's futures - 1 in 5 young fathers prioritize ‘wealth creation’ as their top goal, suggesting a more speculative mindset and a lack of purpose-based investing before the age of 30 -Planning for children's higher studies becomes the top priority for 45% of fathers in the 30-40 age bracket and 62% for fathers in the 40-50 age bracket. Marriage Goal Planning Takes a Backseat -Only 1% of fathers in the 30-40 age bracket and 3% in the 40-50 age bracket consider their children’s marriage as their primary goal. Retirement Planning Gains Importance, with Younger Fathers Leading the Way -Retirement Planning is increasingly becoming a top priority goal for fathers, irrespective of their age bracket or life stage. 60% of fathers from the north and east regions named planning for their child’s education as their top priority goal, compared to 57% from the west and south -24% of respondents from the south zone prioritized their retirement over their child's education compared to 21% from other regions, indicating a marginally higher awareness about the importance of retirement planning in this demographic.