For most parents, a primary reason they even seek to increase their earnings or start investing is to provide a bright future for their children. This has remained true, especially in India, since decades.
Especially in metro cities, considering the cost of living, a strong financial position is desirable for most families. For those who have already attained that status of having a strong financial base, it becomes important to provide a jump start to their children in a world that is becoming even more competitive.
This gift can help your child for a lot of needs that he/she may face during their adulthood.
The final word:
This plan is merely a guide as to what you can do. Depending on your situation you can modify this plan to reach the goal earlier or to save more. Implementing this plan will help you create a corpus that you can gift to your child wholly or in parts depending on the need your child's faces.