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How to choose the best mutual fund scheme?

How to choose the best mutual fund scheme?

Mutual funds are ideal investment options for both risk-aggressive and risk-averse investors as they help to achieve investment goals easily and effectively. Choosing the best mutual fund scheme irrespective of the various alternatives is a challenge in itself.  Both beginners and seasoned investors must take precautions while investing because of the immense risk involved. You do not want to throw away your hard-earned money on just a hearsay scheme or a fund that offers average returns, especially when you have a scope of earning higher returns at less risk. 10 steps to Choose the Best Mutual Fund Scheme Step 1: Identify Investment Goals   Identify your investment goals by answering related questions like is the objective current income or long-term capital gain? Is the money for short-term like education expenses of children or future expenses like the retirement fund that is very far away? Identifying the investment goals helps to choose the mutual fund scheme that will fulfill the financial aspiration of the investor effectively. Step 2: Determine Risk Tolerance How much return are you expecting on your investment matters as it helps to determine whether the investor is a moderate or high-risk taker? Risk tolerance refers to the risk that the investor is willing to take with his investments.  It is now compulsory for all mutual fund houses to show the risk associated with the invested amount. Step 3: Look at the Time Horizon The time horizon is the period for which the investor desires to invest his money in a mutual fund scheme. It can be short or long term ranging from one day to even more than five years.  There are different fund categories meant for different time horizons and it is better to choose the best mutual fund scheme that will be able to meet your specific time horizons. Step 4: Focus on the Fund Type - Growth or Dividend Choose the fund type which is the best option to meet your specific needs. The growth option is best for long-term needs as it can handle higher volatility and risk factors. These funds also have greater potential for higher returns.  Dividend funds are short-term investment goals. They provide interest regularly and are considered stable investments with moderate returns. Step 5: Look at the Fees and Loads Some mutual funds charge a sales fee at either the time of purchase or sale of the investment known as a load. The purpose of the load is to cover the associated administrative charges and discourage turnover. Mutual fund houses levy various charges which are paid by the investors, who must know about them in detail before choosing the mutual fund scheme for themselves.  Step 6: Consider the Assets Under Active or Passive Management Determine the type of assets you want in your portfolio and then choose the mutual fund scheme accordingly.  Actively managed funds levy higher fees and try to outperform the benchmark index whereas passively managed funds levy lower fees and try to track the performance of a benchmark index. Step 7: Evaluate Managers and Past Results Conduct research about the fund's history by asking yourself whether the fund has suffered more volatility than other major funds and whether the fund manager was able to deliver the expected results.  Reviewing the fund’s prospectus gives a fair idea of its future and helps to choose the best fund. Step 8: Size of the Fund Although the size of the fund does not stop it from meeting the investment goals investors should keep it manageable for better handling. Step 9: Do not be Dependent Only on the History Although the fund history is an indicator of future performance it cannot guarantee high returns. Take related things into consideration like comparison with the benchmark index, fund types, fees, risk factors, etc. before making a viable choice about the mutual fund scheme you want to invest in. Step 10: Select What Matters Investors must focus on things that matter for instance expense ratios, investment strategy, risk factors fees, and a chance of future success. It is important to take the help of reputed platforms and understand the best ways of choosing the right mutual fund scheme for yourself.  The EduFund App along with the SIP calculator makes the process of choosing the mutual fund scheme an easy experience. Customer-friendly saving/ investment experts provide customized solutions, top-class security enables secured transactions, and a scientific fund tracker screens various financial scenarios to recommend the best out of the 4000+ mutual funds associated with the platform. Every investor wants to choose the best mutual fund scheme but they must consider their individual preferences, investment objective, risk appetite, and the fundamental features of the scheme before making a final decision. FAQs What are the key factors to consider when choosing a mutual fund scheme? Key factors include investment goals, risk tolerance, time horizon, fund type (growth or dividend), fees, assets management style, fund manager's track record, fund size, and various other critical parameters. How can one determine their risk tolerance? Risk tolerance is determined by the investor's willingness to accept risk for potentially higher returns. It can be assessed by evaluating how much volatility or fluctuation in investment value one is comfortable with. What is the significance of the time horizon in selecting a mutual fund scheme? The time horizon indicates how long you plan to keep your money invested. It's crucial because different fund categories are suitable for different time frames, and choosing the right one aligns with your financial goals. What are the fees and loads associated with mutual funds? Mutual funds may charge sales fees, known as loads, at the time of purchase or sale. Investors should also be aware of other fees like expense ratios, which cover administrative costs, and impact overall returns. Why is it important to consider a fund manager's past results? Evaluating a fund manager's track record provides insight into their ability to deliver expected results and manage the fund effectively. Past performance is one of the factors investors consider when making investment decisions. TALK TO AN EXPERT
Top Boarding Schools in Switzerland for International Students | Fees Listed

Top Boarding Schools in Switzerland for International Students | Fees Listed

Switzerland is known for its excellent education system. It is home to the most expensive school, The incredible Institut Le Rosey, also known as the "School of Kings". The estimated fee for this school is CHF 1,25,000 (1.17 crore in INR). Let's look at some of the most popular and expensive boarding schools in Switzerland for international students! Most Expensive Boarding Schools in Switzerland Leysin American School: Nestled in the breathtaking Swiss Alps, Leysin American School offers a transformative learning experience amidst stunning natural beauty. With a diverse student body and a commitment to innovation, LAS provides a dynamic environment for academic and personal growth. Estimated fees: CHF 120,000 per year. Institut auf dem Rosenberg: Situated in the picturesque town of St. Gallen, Institut auf dem Rosenberg is renowned for its personalized approach to education and emphasis on holistic development. From world-class facilities to a global network of alumni, Rosenberg offers an unparalleled educational experience. Estimated base fees: CHF 93,000 per year, and individual fees are charged separately. This varies based on the student and starts at CHF 50,000 per year. Aiglon College: Perched on a mountainside overlooking Lake Geneva, Aiglon College offers a rigorous academic program combined with outdoor adventure and experiential learning. With a focus on character development and leadership, Aiglon prepares students to excel in a rapidly changing world. Estimated fees start at CHF 85,000 per year. TASIS Switzerland: Located in the picturesque village of Montagnola, TASIS Switzerland offers a unique blend of American-style education and European culture. With a diverse student body representing over 60 nationalities, TASIS provides a multicultural learning environment that fosters global citizenship. Estimated fees: CHF 100,500 per year for boarding children in middle and high school. Day scholars, it ranges between CHF 28,000 to CHF 53,000. Institut Le Rosey: Situated on a sprawling estate overlooking Lake Geneva, Institut Le Rosey is synonymous with luxury and excellence. With a history dating back over a century, Le Rosey offers a world-class education combined with a rich cultural experience. Estimated fees: CHF 1,25,000 per year. Brillantmont International School: Located in the heart of Lausanne, Brillantmont International School combines academic rigor with a supportive and nurturing environment. With small class sizes and personalized attention, Brillantmont offers a tailored educational experience that empowers students to reach their full potential. Estimated fees: CHF 90,500 for 8th and 9th grade, CHF 96,500 for 10th grade and CHF 103,500 for 11th, 12th and 13th graders. Benefits of Boarding Schools! Why you need to invest for your child's education? In today's fast-paced and competitive world, investing in your child's education is more important than ever. With the rising cost of living and limited financial resources, it's essential to plan ahead and secure your child's future. EduFund understands the challenges parents face and is dedicated to helping families achieve financial security through smart investments like mutual funds. By partnering with EduFund, parents can create a solid foundation for their children's education and ensure they have access to the best opportunities the world has to offer. Together, we can unlock a brighter future for the next generation. Invest Now
Top Boarding Schools in UK for Indian Students | Fees Included

Top Boarding Schools in UK for Indian Students | Fees Included

Choosing the right school for a child's education is not an easy task. Especially in this hyper-competitive world where seizing the right opportunities is extremely vital. To ensure you have all the information you need before making this major decision, here are the most popular boarding schools in UK for international students! Fact: The average admission fees is £16,000 (16 lakhs in INR) per half (term) for the boarding schools in UK. There are three halves (terms) in a year! List of Boarding Schools in UK for Indian Students Eton College: Nestled along the banks of the River Thames, Eton College stands as a beacon of academic excellence. With a rich history dating back centuries, this illustrious institution provides unparalleled opportunities for holistic development. The school fee includes tuition, board, lodging, and the cost of most games activities and the majority of educational materials. Estimated fees: £16,666 per term. Harrow School: Set amidst 300 acres of picturesque grounds, Harrow School boasts a tradition of academic rigour and cultural diversity. From state-of-the-art facilities to a vibrant community of scholars, Harrow offers an enriching experience for students from around the globe. Estimated fees: £16,850 per term. Winchester College: Founded in 1382, Winchester College epitomizes academic excellence and intellectual curiosity. With a strong emphasis on individual growth and character development, Winchester nurtures future leaders and innovators. Estimated fees: £49,152 per year or £16,384 per term. The fees for day scholars is: £36,369 per annum (£12,123 per term). Rugby School: Steeped in history and tradition, Rugby School offers a dynamic learning environment where students thrive academically and personally. From innovative teaching methods to a wide range of extracurricular activities, Rugby fosters a spirit of exploration and discovery. Estimated fees: £15,330 per term for boarders and for day scholars, it is £9,630 per term. Charterhouse School: Located in the heart of Surrey, Charterhouse School combines academic excellence with a supportive community ethos. With state-of-the-art facilities and a commitment to holistic education, Charterhouse prepares students for success in an ever-changing world. Estimated fees: £15,845 per term and £47,535 per year. Westminster School: Situated in the heart of London, Westminster School offers a unique blend of tradition and innovation. With a diverse and inclusive community, Westminster provides a stimulating environment where students can thrive academically and socially. Estimated fees: £16,506 per term or £49,518. The fee for day scholars is £34,299 per year. Expensive Schools in India for Child Education! Read More Why do you need to invest in your child's education? In today's fast-paced and competitive world, investing in your child's education is more important than ever. With the rising cost of living and limited financial resources, it's essential to plan ahead and secure your child's future. EduFund understands the challenges parents face and is dedicated to helping families achieve financial security through smart investments like mutual funds. By partnering with EduFund, parents can create a solid foundation for their children's education and ensure they have access to the best opportunities the world has to offer. Together, we can unlock a brighter future for the next generation. Invest Now!
India's Priciest Schools: Top Picks

India's Priciest Schools: Top Picks

If you are an Indian parent looking forward to providing your kids with the best education possible and curious about the most expensive schools in India for a child's education, then keep reading!  Which are the most expensive schools in India? Let's find out the most expensive schools in India for children's education and where they are located. 1. The Doon School, Dehradun The Doon School in Dehradun is one of the most expensive and best institutions in India. Publications like The New York Times, BBC, and Times of India have framed it as one of the best schools in India. This school provides education of the greatest calibre. The school’s alumni list is enough to encourage you to send your child to this school!  Amitav Ghosh, Abhinav Bindra, Ali Fazal, Anish Kapoor, Karan Thapar, and Chandrachur Singh are some of the notable alumni of this school.  Annual fees: Cost around INR 10 lakhs - INR 11 lakhs Semester expenses: Around INR 25,000 Address: Mall Road, Dehradun 248001.Email: info@doonschool.comPhone: +91-135-2526400Website: Expensive Schools in Dehradun Read More 2. The Scindia School, Gwalior The Scindia School in Gwalior is a CBSE-affiliated school in India and is considered one of the most expensive schools in India for your child's education. It is also called the Sardar School. The school has one of the best features in the entire city because it is perched atop the Gwalior fort. The examinations are administered between January and February every year. Salman Khan, Mukesh Ambani, Anurag Kashyap, Arbaaz Khan, Nitin Mukesh, and Ameen Sayani are some of the notable alumni of this school.  Annual fees: Cost around INR 12 lakhs - INR 13 lakhs Address: The Fort, Gwalior, Madhya Pradesh 474008.Email: office@scindia.eduPhone: +91 751 248 0750Website: Schools in Gwalior for Child Education Read More 3. The Mayo College, Ajmer The Mayo College in Ajmer is an all-boys college in Rajasthan, popular among Indians and NRIs. It was established to provide modern education to Indian nobility. It is one of the oldest schools and is known for its reverence for Indian culture. The curriculum at Mayo College incorporates technological and technical proficiency, fine arts, theatre, music, sports, and academic excellence. Indra Sinha, Vivek Oberoi, The Sultan of Oman, and Tinnu Anand are some of the alumni of the school. Annual fees: Cost around INR 6.5 lakhs - INR 7 lakhs for Indians and 13 lakhs for NRIs. Address: Mayo College, Srinagar Road, Ajmer, Rajasthan 305001Email: principal@mayocollege.comPhone: 0145 – 2661154, 2664393Website: Expensive Schools in Ajmer Read More 4. Welham Boys School, Dehradun Welham Boys School is one of the most expensive and prestigious colleges in Dehradun, Uttarakhand, India. It is the educational center of the nation situated on 30 acres of land and is affiliated with the CBSE board. Rajiv Gandhi, Sanjay Gandhi, Navin Patnayak, Zayed Khan, Mansoor Ali Khan Pataudi, and Captain Amrinder Singh are some of the notable alumni of the school.  Annual fees: Cost around INR 5.7 lakhs - INR 6 lakhs.  Address: Welham Boys’ School,5, Circular Road, Dehra Dun – 248001,Uttarakhand, India.Email: and viceprincipal@welhamboys.orgPhone: 0135 – 2657944, 2657120Website: Create Goals For Child Education in Premium Schools 5. Woodstock School, Mussoorie Woodstock School in Mussoorie is a reputed co-ed residential educational School that is one of the best and most expensive schools in India. It is the first institution in India to get a formal reputation as an international board World School with a middle-year program. There is diploma program authorization as well. Stephen Alter, Tom Alter, James Taylor, Philips Devol, and Jeet Singh are some of the notable alumni of this school.  The tuition fees of this school range from 16 lakhs for classes 6 to 8 and 17.7 lakhs for classes 10 and 12. Address: Woodstock School, Mussoorie, Uttarakhand,248179, India.Email: +91 (135) 263-9000Website: Expensive Schools in Mussoorie Read More 6. Birla International School, Pilani Birla International School in Pilani is also known as the Vidya Niketan School. There are three sections of this school: the middle section, the senior section, and the junior section. Established in 1944, this is one of the most expensive schools in India for your child's education.  Vinod Rai, General VK Singh, and Vivek Chand Sehgal are some of the notable alumni of this school.  Annual tuition fees: Cost from INR 2.9 lakhs for classes 3 to 10 and 3.10 lakhs for classes 10 and 12.  Address:Vidya Niketan Birla PublicSchool, Pilani-333031Rajasthan-IndiaEmail: (01596) 242132Website: Expensive Schools in Ahmedabad Read More 7. Good Shepherd International School, Ooty Good Shepherd International School in Ooty is a full-time residential School established in 1977 in Nilgiris, Tamil Nadu, India. It is a reputed school for its educational practices and has a top rank in the education world in India school ranking.  Malvika Vashishtha, Krishna Kishore, Mako Ravindran, and Sumesg Lekhi are notable alumni of this school. The tuition fees of this school range from INR 6.10 lakhs to INR 15 lakhs. If you are looking for one of the best schools in India for your child's admission, this can be a great option if you live in Tamil Nadu.  Address: Good Shepherd Knowledge Village, M.Palada Post, Ootacamund – 643 004 Tamil Nadu, India.Email: +91 423 2550 371 / 071Website: Schools in Ooty for Child Education Read More 8. Ecole Mondiale World School, Mumbai Ecole Mondiale World School, Mumbai is a prestigious school located in Mumbai. It is considered one of the most expensive schools in India and Mumbai. The school offers an IB curriculum board, an excellent teacher and student ratio of 6:1, and has had over 2800 university offers for its students.  It was established in 2004 and is among the top 5 IB World Schools in India.  Annual tuition fees: The annual fees for Ecole Mondiale World School is INR 6 to 7 lakhs per annum for KG to 1st-grade students. For 1 to 10th grade, it is INR 9 to 10 lakhs while the 11th and 12th grades is INR 10 to 11 lakhs.   The one-time admission fee is INR 3,00,000.  Address: Gulmohar, Cross Rd Number 9, JVPD Scheme  Juhu, Mumbai, Maharashtra 400049 Phone: 022 2623 7265 Website: Expensive Schools in Mumbai Read More 9. Stonehill International School, Bangalore  Stonehill International School is an international IB school located in Bangalore and was founded in 2008. The school is truly global and has faculty members hailing from 35 countries. It is internationally accredited and recognized. It is considered one of the most expensive schools in India because of its infrastructure, state-of-the-art building, and adoption of the IB curriculum.   Annual tuition fees: The annual fees are INR 4 lakhs to INR 12 lakhs per annum.   Address: 259 / 333 / 334 / 335 Tarahunise Post, Jala Hobli, Bangalore North 562 157, India Phone: +91 8043418300 Website: Expensive Schools in Bangalore Read More 10. Bishop Cotton School, Shimla  Bishop Cotton School is located in Shimla. It is one of the oldest boys' boarding schools in India and Asia. The school conducts entrance exams across India as an admission criterion and is listed among the top expensive schools because of its facilities and academic excellence.   Annual Tuition Fees: The annual fee for 1st and 3rd-grade students is INR 6.2 lakhs and for students in 3rd to 12th grade, the annual fee is INR 6.5 lakhs.   Address: Shimla Bypass, Near Khalini, Shimla, Himachal Pradesh 171002, India Phone: (0177) 2620880 Email: Website:  Choose the right board for child schooling Read More 11. Welham Girls’ School, Dehradun The Welham Girls School was established by Ms. H.S. Oliphant in 1957 in Dehradun. The school has classes from 6 to 12 and is affiliated to the CISCE board. It is a day cum residential institution. Some notable alumni include politician Priyanka Gandhi Vadra, Meira Kumar first lady speaker of the Lok Sabha, actress Kareena Kapoor Khan, etc.  Annual Fees: Rs. 8,50,000 Address: Welham Girls’ School, No 19, Municipal Road, Dalanwala, Dehradun-248001Email:, wgs_admissions@welhamgirls.comPhone: 0135-2654754, 6670100Website: 12. The Lawrence School, Sanawar The Lawrence School is a co-ed boarding school located in Sanawar, (Solan) Himachal Pradesh. The school was established in 1847 and is affiliated to the CBSE board. Ashwajeet Singh, Ajai Thandi, Co-founders of Sleepy Owl Coffee, Captain Abhilasha Barak, the first woman officer to join the Army Aviation Corps as a Combat Aviator, Vipin Sondhi, MD & CEO of Ashok Leyland etc. are some of the notable alumni of this school.  Annual Fees: Rs. 13,00,000 Address: Sanawar, Dist Solan, Himachal Pradesh - 173202Email: +91 1792 261208, 261209Website: 13. Shri Ram School, Delhi & Gurugram Founded in 1988 by Mrs. Manju Bharat Ram, The Shri Ram School has 4 campuses, one in Vasant Vihar, and the other three in Gurgaon at Moulsari, Aravali, and Bhondsi respectively. It is affiliated with the CISCE and IB boards. Alumni include some popular names like actor Sonam Kapoor, Rhea Kapoor, actor-director Karan Johar, Anjali Tendulkar, etc Annual Fees: Rs. 4,00,000 Address: D-3 Street, Vasant Vihar, New Delhi - 110057Email: 26140884, 26149572Website: Address: V-37, Moulsari Avenue, Phase 3, DLF City, Gurugram Email: 0124-4784400Website: tsrs.orgHamilton Court ComplexPhase 4, DLF City,Gurugram - 122002Email:, junior.aravali@tsrs.orgPhone: 0124-4784300 14. Mahindra International School, Pune Established in 1998, this school was originally named Mercedes Benz International School. It is located in Hinjewadi, Pune, and is a co-ed institution affiliated with the IB board. It is a popular school and boasts of a low student-teacher ratio. It is a day cum residential school.  Annual Fees: Rs. 17,00,000 Address: P-26 MIDC Phase 1, Rajeev Gandhi Infotech Park, Hinjawadi, Pune - 411057Email: admissions@misp.orgPhone: +91-2042954444Website: 15. The Cathedral & John Connon School, Mumbai One of the oldest institutions, this school was established in 1860 by the Anglo-Scottish Education Society in Mumbai. It is a co-ed day school offering national (ICSE, ISC) as well as international (IGCSE, IBDP) curriculum. Actors Kiara Advani, Madira Bedi, Rahul Bose, and Homi J. Bhabha are some of the distinguished alumni of this school.  Annual Fees: Rs. 8,70,000 Address: The Cathedral and John Connon School, 6, Purshottamdas Thakurdas Marg, Fort, Mumbai-400001Email: Not providedPhone: 022-2201282/022-40778140Website: FAQs Which is the most expensive school in India? Schools like Ecole Mondiale World School, Mumbai, Doon School, and Stonehill International School in Shimla are considered some of the most expensive schools in the country. What is the most luxurious school? Here is a list of the most expensive and luxurious schools in India: The Doon School, Dehradun The Scindia School, Gwalior The Mayo College, Ajmer Welham Boys School, Dehradun Woodstock School, Mussoorie Birla International School, Pilani Good Shepherd International School, Ooty Ecole Mondiale World School, Mumbai Stonehill International School, Bangalore Bishop Cotton School, Shimla What are the fees of an expensive school in India? Expensive schools in India cost anywhere between INR 6 to 10 lakhs per annum. This is only the annual tuition fee and does not include the cost of travel, boarding, uniform, and other school expenses. Most expensive schools in India for your child's education charge annual fees from INR 7 lakhs to INR 15 lakhs. These schools are extremely competitive and in demand with Indians as well as NRIs. They hold separate admission tests, and interview rounds as well as have a donation and referral system to select the best and most meritorious students. If you want to give your child the best opportunities then connect with us to plan your child’s education with ease! 
The Ultimate Guide to Best Child Investment Plans to Invest in India

The Ultimate Guide to Best Child Investment Plans to Invest in India

When it comes to quality education, Indian parents leave no stone unturned. To safeguard your child’s future against all odds, you need a child investment plan. With the growing cost of education, saving for multiple goals like school, higher education, college, marriage, and house, and keeping up with different education needs like gadgets, school trips, books or the best child education plan is becoming harder for Indian parents.   A child investment plan helps you manage all these expenses timely and seamlessly. It helps you create a solid plan based on your child’s unique goals. With a good investment plan, you not only secure their tomorrow but you save money in terms of taxes and reduce the looming threat of financial stress on your family. In this blog, we cover all you need to know about the best saving plan for your child and how easy it is to secure your child’s bright future! Child Investment Plans - A Guide The entire blog is divided into chapters for you to easily browse! Chapter 1: Best Child Investment Plans   Chapter 2: Importance of Child Investment Plans   Chapter 3: Benefits of Child Investment Plans   Chapter 4: The right time to invest in child investment plans   Chapter 5: Key milestones to plan for child investment plans   Chapter 6: Types of Child Investment Plans  Chapter 7: Child Investment Plan Calculators    Chapter 8: How to choose the right child investment plan There is no better gift that a parent can give to their child than the promise of a secure future. There are critical aspects that a parent should never ignore like the rising cost of education, stationary, books, medical expenses, etc.  Here are some of the best-saving child education plans:  UTI CCF – Investment Plan – Growth Direct child plan Tata Young Citizens’ Fund Direct-Growth Child Plan HDFC Children Gift Fund Direct Plan Child plan Axis Children’s Gift Direct No Lock in Growth Child plan SBI Magnum Children’s Benefit Fund Direct-Growth Child plan Aditya Birla Sun Life Bal Bhavishya Yogna Direct-Growth child plan LIC MF Children Gift Fund Direct Plan Child plan 1. UTI CCF: Investment Plan: Growth Child investment plan  The fund is investing predominantly in equity and equity-related instruments across market capitalization. The fund has invested 98.21% in stocks, 0.12% in debt, and the remaining 1.66% in cash. The fund has a diversified portfolio that consists of 55 stocks. The fund follows a growth style of investing which means that the fund invests in stocks with high growth potential. The fund has given consistent performance over the period. Parents who want to invest in a child’s education investment plan can consider this as one of the options. Invest now 2. Tata Young Citizens’ Fund Growth Child investment plan   The fund is investing predominantly in equity and equity-related instruments across market capitalization. The fund has invested 97.88% in stocks and 2.12% in cash. The fund has a diversified portfolio that consists of 55 stocks. The fund has given consistent returns with lower volatility. Parents can consider this plan as one of the child’s investment options to save for the best child education plan.  Invest now 3. HDFC Children Gift Fund Plan child investment plan: (HDFC investment plan for child) The fund is investing has invested in different asset classes including equity and debt. The fund has invested 66.88% in stocks, 24.67% in debt, and the remaining 8.45% in cash. The fund has a diversified portfolio which consists of 46 stocks and 16 bond holdings. The fund follows a growth style of investing which means that the fund invests in stocks with high growth potential. The fund has given consistent performance over different trailing periods. Invest now 4. Axis Children’s Gift No Lock in a Growth Child Investment plan   The objective of the fund is to generate income by investing in debt & money market instruments along with long-term capital appreciation through investments in equity & equity-related instruments. The fund has invested 70.08% in stocks, 18.84% in debt, and the remaining 11.08% in cash. The fund has diversified its investment in different asset classes to minimize the risk and maximize the returns. The fund’s focus is to reduce volatility and enhance returns. Invest now 5. SBI Magnum Children’s Benefit Fund Growth child investment plan  The objective of the fund is to provide the investors an opportunity to earn regular income predominantly through investment in debt and money market instruments and capital appreciation through an actively managed equity portfolio. The fund has invested 22.25% in stocks, 48.05% in debt, and the remaining 29.67% in cash. The fund has very low volatility as the major portion of the money is invested in debt and debt-related instruments. Also, the fund holds AAA-rated quality bonds. The fund is the best saving plan for a child’s future as the volatility is low and has delivered good returns. Invest now 6. Aditya Birla Sun Life Bal Bhavishya Yogna Direct-Growth child investment plan   The investment objective of the Wealth Plan is to seek the generation of capital appreciation by creating a portfolio that is predominantly investing in equity & equity-related securities and debt and money market instruments. The fund has invested 98.64% in stocks and 1.36% in cash. The fund has invested across sectors and follows a growth style of investing with a major portion invested in large-cap companies. Parents planning to save for their child’s future can consider investing in this fund. Invest now 7. LIC MF Children Gift Fund Child investment plan - (One-time investment plan for a child in LIC)   The primary investment objective of the fund is to seek to generate capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity securities & equity-related securities and the secondary objective is to generate consistent returns by investing in debt and money market securities. The fund has invested 86.36% in stocks, 3.82% in debt, and the remaining 9.82% in cash. The fund is a consistent performer and has delivered good returns over the period.   Invest now Importance of child investment plans Child Investment plans for children help you and your child prepare financially for growing education costs, unanticipated illnesses, and bad circumstances. Planning for your child’s future must begin as soon as feasible. This lengthens the time frame over which your assets can increase and balances the associated risks.   1. Funding for children’s education  As your child gets older, a significant portion of your resources will go into paying for your child’s education, thus preparing for higher education is essential for guaranteeing their future. You may generate the money required so that your child can follow their ideal job by investing in their education. With college costs increasing, every day matters when it comes to being financially prepared for your child’s education. Get in touch with our experts at EduFund and you can save up to 2.5 Cr by starting today.   2. Flexibility to withdraw part of funds  By selecting a child investment plan that gives you the freedom to withdraw funds as per your kid’s requirements, you may easily access a portion of your funds while the remainder of your investments continue to grow.  3. Protection against uncertain times  Many of the best child education plans have advantages including premium waivers. This makes it such that, in the sad event that anything bad happens, future premium payments won’t be necessary. The investment yields a lump sum payment upon maturity and grows without the requirement for premium payments. This guarantees that no matter what, your child’s dreams are protected.  4. Different investment options for your child  Fixed deposits and other traditional products might not be enough to cover your child’s college costs. Other products like equities funds, balanced funds, and shares should be taken into account. You can select one of the following investment strategies depending on your time frame:  The best option is debt mutual funds if your child will need the money within five years. Such funds can provide liquidity while producing returns that are more than the rate of inflation.  You can mix several financial products for long-term aims. You have the option of investing in gold, stocks, and debt. Although exposure to the stock market is hazardous, investing in equities gives investors the chance to generate larger profits over the long run.  PPF is one of the greatest investment options for financing a child’s education. To establish a sizable corpus, you must begin this early and invest steadily.  Numerous insurance providers provide a range of kid-focused solutions. When your child needs the money to pursue further education, you may choose to implement more mature policies.  5. Investment strategy for children’s investment plan  List concrete objectives from the outset, such as the child’s desired schooling and associated fees. This will enable you to estimate how much you can afford after paying all of your usual bills and how much you need to save each month. You must keep in mind, though, that loans can also be used to pay for education. Saving for your child’s education does not, therefore, require you to forgo other expenses like healthcare and retirement. Reduce your stock exposure as the financial objective approaches to lower the chance of negative market moves. Benefits of child saving plans 1. Financial security   Savings plans for kids offer a lump sum payout in the form of the claim amount in the event of an unexpected circumstance. The plan is still in effect, and the life insurance company is responsible for all future premium payments. The payoff received after the insurance period guarantees that your children’s wishes will always come true.  2. Tax benefits Additionally, these plans provide Section 80C  tax advantages on premiums paid up to INR 1.5 lakh in a fiscal year. According to Section 10(10D) of the Income Tax Act of 1961, the pay-out received after the policy term is likewise tax-exempt.  3. Education costs benefits   Almost all parents, when asked about their top worry for their child’s future, will quip about how expensive schooling has become in the modern world. It costs money to send your child to a decent school. Additionally, as the years pass, your child could opt to pursue other education that would cost the earth. Your financial load will be lessened if you make wise financial decisions and enroll in a kid insurance plan that matures throughout these seasons.  4. Withdraw part of the funds  After the policy term, child plans provide maturity benefits in the form of a lump payment. You may choose a maturity date based on how soon your child will require money in the future. Your investment accumulates a tidy corpus over the course of the term, which is sufficient to pay for your child’s dreams.  5. A habit of saving  As we have indicated, childcare plans offer the benefits of both insurance and investment. Go back to your financial plan before purchasing a child care plan and estimate your financial needs at each stage of life. Determine the expenses you are saving for, such as elementary and secondary education, college, a wedding, etc. Additionally, evaluate your other obligations, such as a mortgage, and decide on an insurance plan that perfectly complements your financial strategy. Although it may at first seem like a nuisance, making regular premium payments will eventually become a habit that will serve you well as your child becomes older.  The right time to invest in child investment plans    The best time to start investing in the best child education plan is right now since there are several advantages to beginning early. The sooner you begin investing, the more you can eventually give your kids. Your biggest ally is time, so even if you just save a tiny amount today, it will eventually grow into a sizable corpus.   The power of compounding should be fully utilized in order to maximize the profits that will be created on any current investments you make. Starting to save for your children as soon as possible is a wise move. You may make sure that every monetary element of their lives is taken into consideration in this way. But it’s never too late to start saving. Even if you start saving while your kids are young (1 to 8 years old), you can amass enough money to support them as they age and their expenditures rise. Here are some factors to help you determine the right time to invest in child investment plans:    a) Time Horizon When do you need the invested money and how long can you stay invested? Based on your time horizon and risk assessment you can take the help of a financial advisor to figure out the best child investment plan for your child’s needs. The benefits are often larger the longer the time horizon.  b) Risk Assessment What is your risk appetite? This is a very common question every investor should ask themselves before investing their money in any investment. Are you risk-averse or are you willing to take a risk? Based on your answer, you can figure out the best investments.    c) Cost of Education The average cost of your child’s future education must be considered as the second element. Costs for postgraduate education are sometimes greater than those for graduation, however, this varies per school. You should also think about whether you want your child to have a local education or a global education. You could also consider your child’s graduation in your own nation as well as their subsequent post-graduation in a foreign nation.  Key milestones to plan for child investment plans  There are key milestones that you need to focus on when planning your child’s investment plans. What do key milestones mean? It means certain events for which you need to be financially prepared like your child’s school, college, and marriage. It is important to keep these events in mind before allocating funds toward a child investment plan.   1. School  When budgeting and preparing their investment for their child’s education, parents should expect the primary school tuition price, and expenses like uniforms, books, extracurricular activities, transport fees, yearly vacations, picnics, etc., to be between (INR 1.25 – 2 lakh per year).  2. Higher education  The yearly cost of study and living is the first and most important element that one has to take into account before enrolling in college. Universities offer housing on their campuses for both domestic and international students. However, if the institution you have selected to attend does not provide this amenity, you may simply obtain personal accommodations. Following is the estimated cost of studying UG and PG courses from India and abroad:   Govt Colleges in India will cost around Rs 5-6 lakhs.  Private Colleges in India will cost around Rs 8-10 lakhs.  Studying Abroad can cost up to INR 1 crore.  3. Marriage  Although it is stated that marriages are created in paradise, they take place on Earth and require a lot of money to make them memorable. You arrange your “Big Day” to be a special occasion for both you and the family that attend the ceremony. The Indian wedding market is presently worth over Rs. 1,000 crores and is expanding quickly, at a pace of 25–30% annually. The average cost of a wedding in India ranges from INR 20 lakhs to 5 crores. According to estimates, the average Indian spends one-fifth of his lifetime earnings on his wedding. Also, you need to assemble a skilled team, including event planners, florists, caterers, and fashion designers, to make your special day extraordinary. Types of Child investment plans for girl and boy child There are several types of child investment plans to consider your child’s unique goals. Based on your risk assessment, time horizon, and your child’s education goal, you can choose one or more child investment plans to give your child an edge. Here are the different types of child investment plans you need to consider:   1. Sukanya Samriddhi Yojana  Sukanya Samriddhi Yojana is a unique child investment plan for parents of a girl child. This is offered by the Indian government to encourage parents to save and invest in their daughters early on. The main objective of the SSY program is to encourage parents to make substantial financial commitments to a strategy for their daughters’ future education and marriage.  Parents who have girls under the age of ten can invest in the SSY program. The SSY program investment is locked in for 21 years post-account opening. After the account is opened, the parent is allowed to invest for a total of 15 years. Investments made in SSY accounts are eligible for tax deductions under Section 80C of the Income Tax Act of 1961. Each year, a minimum investment of ₹250 must be made, and a maximum investment of ₹1,50,000 may be made. SSY accounts can be opened and utilized at any location of an accredited bank or the India Post Office.  2. Equity Mutual Funds  When your child is still small and you have at least 15 to 20 years till retirement, it is excellent to begin investing in equities mutual funds. This enables you to withstand shocks like stock market collapses and volatility. Equity investing is not for everyone since it demands technical expertise and the capacity to keep current. To choose equities mutual funds is, therefore, the better option.   These are managed by professionals who are aware of how to choose the least hazardous stocks while still making sure that your money grows over time. You may put together a portfolio of equity mutual funds just for your child’s schooling. When your child is 4 or 5 years old, you may accomplish this by creating an account specifically for children and choosing Systematic Investment Plans (SIPs) in risky products like equities mutual funds. Then, when you and your child become older, you can take a more conservative approach.  3. Public provident fund (PPF)  Parents continue to favor PPF even after the government lowered interest rates on provident fund accounts. Because you cannot take the corpus until the conclusion of the 15-year maturity period, PPF deposits promote discipline. You may build your corpus for educational purposes because the principle, interest, and total maturity amount are all tax-free.  You may rest certain that your money is secure because the government backs PPFs. However, because PPFs’ official interest rates have already decreased, relying only on them can result in a cash flow problem. Build your portfolio to provide larger returns to prevent this. For your child’s future, choose a well-balanced investment portfolio that includes both PPFs and Unit Linked Insurance Plans (ULIPS).  4. Direct Equity  Direct equity, sometimes referred to as stock investing, is perhaps the most effective investment strategy. You get a stake in a company when you buy stock in it.  You are personally responsible for funding the business’s growth and advancement. You need to have the necessary time and market knowledge to make money from your investment.  Publicly traded companies provide their stocks on reputable stock markets. Stocks are the finest long-term investments. You must actively manage your assets since several economic and commercial factors influence shares. You must also be aware that profits are not guaranteed, and you must be willing to assume the associated risks.  5. Fixed Deposits  Banks and other financial organizations provide FDs as one sort of investment. You earn a fixed rate of interest for a predetermined amount of time after making a deposit. Compared to mutual funds and equities, fixed deposits offer complete capital protection and guaranteed returns.  You give in, though, since the rewards remain the same. The banks establish the interest rate on fixed deposits by the RBI’s policy review decisions, and it changes depending on the status of the economy. Despite being typical locked-in investments, fixed deposits are commonly accepted as collateral for loans or overdraft facilities by investors. A fixed deposit with tax advantages and a 5-year lock-in is also available.  6. Employee Provident Fund  The EPF is one of the investment vehicles geared toward retirement, and it enables salaried individuals to take advantage of a tax credit under Section 80C of the Income Tax Act of 1961. EPF contributions are often provided by the employer in addition to employee deductions that are typically made as a percentage of monthly wages.   Once it reaches maturity, the EPF withdrawal corpus is entirely tax-free. The Indian government also determines the EPF rates each quarter and provides a guarantee on your EPF deposits.  7. US stocks  By purchasing US stocks, you may gain exposure to the most well-known brands, like Nike, Starbucks, and other well-known companies like Tech Giants Google, and Apple. These businesses are well-known and present around the world. You may diversify your portfolio by investing in such businesses. Over the previous five years, the US dollar has increased. You acquire US Dollars when you invest in US stocks. When these assets are kept for a lengthy period, the value of your investment rises about the USD exchange rate. 8. National Pension System   The National Pension System is a more modern alternative for tax-saving investments (NPS). NPS plan subscribers must stay committed until retirement and can anticipate higher returns than those from PPF or EPF. This is true since the NPS offers plan choices that include stock investments. A portion of the tax-exempt NPS maturity corpus must be utilized to purchase an annuity that will give the investor a regular pension.  Child investment plan calculators   By using different child investment plan calculators, you can prepare yourself for the increasing cost of education. Child investment plan calculators like the mutual fund, SIP calculator, lumpsum calculator, and step-up calculator enable parents to make informed decisions about their child’s investment plans. These calculators will help you figure out how much you need to save every month and your one-time investment based on your investment choice. Let’s find out in detail how child investment plan calculators work.  1. Mutual fund calculator A mutual fund calculator is used to calculate and estimate the returns yielded via investing in mutual funds. There are two ways in which you can invest in mutual funds: lump sum (one-time investment method) and SIP (systematic investment at pre-decided intervals).   2. Lumpsum investment calculator When you invest in a mutual fund through the lump sum method, it means a single, bulk amount has been invested into a mutual fund scheme in one go. The user must enter the investment amount, duration, and expected return rate to get the estimated future value of the investment. The calculation is based on the following formula:   Future Value = Principal * (1 + r/100)^n where:   n = duration of the investment   r = Rate of return   For example, if you have invested a lumpsum amount of ₹50,000 in a mutual fund scheme for three years and have estimated the rate of return at 8% per annum, the future value of your investment is ₹62,986. 3. Systematic Investment Plan (SIP)   SIP is a method of investing in mutual funds that enables an individual to invest a fixed amount in a mutual fund scheme at regular intervals (monthly, quarterly, or semi-annual) instead of making a lump sum investment. The amount can be as low as ₹500 a month depending upon the selected fund. The aim of investing in mutual funds through SIP is to create wealth in the long run and to invest systematically over a long period.   4. SIP Calculator   The SIP calculator helps estimate the returns you would earn on your SIP investments. The user must enter the SIP frequency (monthly, quarterly, or semi-annual), the amount to be invested in each SIP, the investment duration, and the expected return rate to get the estimated future value of the amount accumulated at the end of the SIP tenure.   The calculation is based on the following formula:   FV = P [ (1+i)^n-1 ] * (1+i)/i where:   FV = Amount you receive upon maturity   P = Amount you invest at regular intervals   n = Number of payments you have made   i = periodic rate of return   Suppose, you invest ₹500 per month for 12 months at an annual rate of interest of 12%, the monthly rate of return will be 1% (which is 12% ÷ 12). Hence, the estimated future value of the amount accumulated at the end of the SIP tenure is ₹6405. How to choose between Lumpsum or SIP investment?   Both are great tools of investment for all types of investors. If you have a surplus and wish to invest the amount in a well-researched fund then the lumpsum tool is a great idea, it allows you to pool your money immediately. Another method is SIP which is extremely useful for investors with limited resources. It allows you to invest small sums of money at pre-decided intervals in a chosen mutual fund. The greatest benefit of investing via SIP is that it builds wealth in the long, and gives you the flexibility to choose the amount you wish to invest and your chosen timeline.    Another benefit of SIP investment is that you can stop it at any given moment or increase the amount if you have a surplus. A SIP investment works as a reverse EMI option where you have the flexibility to invest a portion of your income into your chosen fund and cultivate a disciplined manner of investing.    Suppose you wish to start saving for your child’s higher education and do not have a surplus amount to start with. This is where a SIP comes in, it allows you to invest a nominal amount in one or many mutual funds so that you do not miss out on the opportunity of saving and investing for your child’s future.    Investors can opt for both tools. You can start an SIP and place lumpsum orders on certain funds whenever you have a surplus of funds so that you can achieve your goals faster and more efficiently. 5. Step-up SIP calculator  Step-up SIP, also known as top-up SIP, is an automated facility through which SIP contributions can be increased by a predetermined amount, or a fixed percentage, at periodic intervals in sync with your financial goals and level of income.    The step-up SIP calculator gives you the future value of your SIP investments, increasing periodically by a given percentage. The user must enter the SIP frequency, amount to be invested in each SIP, investment tenure, the growth percentage of SIP investment, and the expected return rate to get the estimated future value of the amount accumulated at the end of the tenure.   If you want to step up your SIP in the future, it’s important to activate the option on your chosen fund and find the minimum SIP amount you may need to invest if you want to avail of this option in the future. For example, most funds allow you to activate the step-up SIP option if you invest a certain amount recommended by the fund. This is a great method to periodically increase your investments as your income appreciates and your goals shift.    A college cost calculator powered by EduFund is another tool to help with a child’s investment plans. The college cost calculator helps you as a parent to find out the future cost of studying and living in a new country and city. For instance, you want to send your child to the US to study MBA in 10 years. Fill out these details onto the college cost calculator and the calculator will tell you the exact cost of studying 10 years from now.   It accounts for inflation and increases in fees to help you save for the right amount so that your child’s dreams can soar high! Stop guessing, click here to find out how much you need for your child’s college. How to choose the right one-time child investment plan?  Choosing the right child investment plan is the toughest decision you will make as a parent. To help you simplify this process, here is a small checklist to guide you:  1. Know your financial goals   You may have multiple goals to achieve. But prioritize the goals that are important for you and have to be achieved within a restricted timeline. Always know what you are saving for. Remember to quantify your goal. How can you quantify the goal? Know what you are going to be spending on that goal by adjusting for inflation for the time period when you will be achieving that goal. In this case, the goal would be the child’s education. Now knowing what costs you are going to incur for your child’s higher education can be easily determined by using EduFund’s College Cost Calculator.   2. Find out your risk profile   Based on the phase of life you are in and the career stage you are in, you can figure out your risk profile. Usually, the risk profile can be determined by knowing what is time left to achieve the goal. Usually, short-term goals comprise less risky investments whereas long-term goals comprise very high-risk investments mainly for long-term capital appreciation.   3. Know your investment horizon   Always know what is the timeline for your investments. By knowing the time you have left for your investments, you can always plan better to have a proper time frame for your investments. Having a set timeline helps you prepare well in advance to make your investments and helps you achieve the goal more efficiently by knowing what amount you have to set aside periodically to achieve your goal. For example, equity-based education investment plan options are suitable for long-term investment horizons, whereas debt-based options are better for short-term investment options.   4. Analyze different investment options   Always perform a thorough analysis of any investment option before putting your money in it. Just don’t invest in any fund or instrument purely based on past performance. Other factors to consider while evaluating investment options are fundamentals of the fund, underlying asset or portfolio holding of the fund, cost of investing or expense ratio of the fund, downmarket capture of the fund, etc. All this will help you know the suitability of the best saving plan for your child for your portfolio.   5. Have a goal-based planning approach   Having a goal-based planning approach helps you tick all the boxes at once. It helps you plan your investments in such a way that it creates a well-diversified portfolio with proper periodical rebalancing to help reduce the overall portfolio volatility. A goal-based plan, takes your education investment plan objective, risk appetite, time horizon, and your disposable income into consideration and    6. Have an exit strategy   Have a well-planned exit strategy. If you don’t have proper liquidity at the time when you actually need the money, then you fall short of achieving your goal! But when you have a properly planned exit strategy, it ensures that one, your portfolio doesn’t have high volatility towards the end of your investment horizon, and two, your portfolio has the liquidity to achieve the goal you have planned for.   7. Choose the right investment advisor   Are you still confused about all the best saving plans for your child? Do not worry! This is when an Investment Advisor comes in to help you achieve your goals and make the entire investment journey smooth for you. An Investment Advisor understands your goals, your timeline, your requirements, etc., and formulates a customized plan to get you closer to achieving your goal. The Advisor also periodically rebalances your portfolio so that your investments do not face very high risk and volatility. Choosing the right Investment Advisor can be a deal breaker for you to achieve your financial goals, so make the right choice after completing the evaluation.
All About Groww Nifty Small Cap 250 Index Fund

All About Groww Nifty Small Cap 250 Index Fund

In this dynamic and ever-changing environment of mutual fund investments, it can become difficult to evaluate the right fund for you. This week, Groww is launching its Nifty Small Cap 250 Index Fund. Here is a short note as to why it should be on your watchlist: With a ten-year compound annual growth rate (CAGR) of 18.90%, the Nifty Small Cap Index has outperformed the Nifty 50, demonstrating the potential of small-cap stocks to deliver significant returns. The fund offers diversification across industries that are not usually included in the Nifty 50, such as media & publishing, textiles, media, and forest materials. The current valuations of the Nifty Small Cap 250 Index present an attractive proposition, trading at a price-to-earnings (P/E) ratio 19% below its ten-year averages. Furthermore, in comparison to actively managed funds in its category, which has a P/E of 42.62. the small-cap index trades at a P/E OF 25.63 as of January 31, 2024. Groww utilizes its proprietary high-frequency rebalancing technology called 'SPEAR', to closely align the fund with its index, enhancing the potential for returns to closely mirror the benchmark. Additionally, given its characteristics, investing in this fund can serve as a strategic step towards financing long-term education goals, as the potential for higher growth could support savings and investment objectives. In conclusion, this fund is directed towards those investors with a high-risk appetite seeking diversified exposure to small caps in the Indian equity sector.
Find the Top Schools in Ghaziabad | Fees Included

Find the Top Schools in Ghaziabad | Fees Included

Ghaziabad is a bustling city in the National Capital Region (NCR) of India. One hour away from the capital city, parents seeking the best educational opportunities for their children in Ghaziabad should read on to find the top schools in Ghaziabad, their fees and which school is suitable for your child's development! Benefits of Day Schooling! 1. Delhi Public School, Ghaziabad Delhi Public School (DPS) Ghaziabad is a name synonymous with quality education and holistic development. With its sprawling campus, well-equipped classrooms, and experienced faculty, DPS Ghaziabad offers a comprehensive academic curriculum along with a wide range of extracurricular activities. The school focuses on nurturing the intellectual, emotional, and social growth of students, preparing them to excel in the global arena. Admission Fees: 35,000 (Nursery) and 30,000 (11th and 12th graders). Annual Fees: Starts at 1,92,500 for Nursery and goes up to 2,02,400 for 11th and 12th graders. 2. The DPS Indirapuram The DPS Indirapuram is another esteemed institution in Ghaziabad known for its academic rigour and innovative teaching methods. With a strong emphasis on holistic development, the school offers a diverse range of extracurricular activities, sports facilities, and leadership programs. The DPS Indirapuram aims to instil a sense of responsibility, creativity, and global citizenship in its students, empowering them to make a positive impact on society. Admission Fees: INR 60,000 for all classes. Quarterly Composite Fees: INR 36,630 to INR 36,654 varies based on your child's grade. 3. Modern School, Ghaziabad Modern School Ghaziabad is committed to providing a stimulating learning environment that fosters academic excellence, creativity, and critical thinking skills. With its state-of-the-art infrastructure, dedicated faculty, and comprehensive curriculum, Modern School Ghaziabad prepares students to meet the challenges of the 21st century. The school focuses on holistic development, encouraging students to explore their interests and talents beyond the classroom. Admission Fees: INR 25,000 for your classes. Monthly Tuition Fees: INR 4,150 (Pre-Primary), INR 4,650 (I to V), and INR 5150 (VI to X). 4. DLF Public School DLF Public School is renowned for its inclusive approach to education, catering to the diverse needs and learning styles of students. With its student-centered approach, the school emphasizes experiential learning, collaborative projects, and real-world applications of knowledge. DLF Public School is committed to nurturing well-rounded individuals who are prepared to succeed in a rapidly changing world. Admission Fees: INR 50,700 for all classes. Quarterly Composite Fee: INR 31,525 to INR 25,685 varies based on your child's class and stream. 5. Cambridge School, Ghaziabad Cambridge School Ghaziabad is known for its academic excellence, strong values-based education, and vibrant learning community. With its focus on holistic development, the school offers a balanced curriculum that promotes intellectual, emotional, and social growth. Cambridge School Ghaziabad encourages students to pursue their passions and interests while fostering a sense of empathy, integrity, and global citizenship. Admission Fees: INR 30,000 for all students. Composite Monthy Fees: INR 9,500 to 7,600 varies based on the child's class and grade. Most Expensive Schools in Gurgaon! Importance of Investing in Mutual Funds for Your Child's Education While securing admission to a top-tier school is a significant milestone, the journey towards a quality education doesn't end there. The rising cost of education, including tuition fees, books, and extracurricular activities, can pose a significant financial burden for parents. That's where investing in mutual funds comes in. Mutual funds offer a convenient and effective way to save and grow your money over time, helping you build a financial nest egg to fund your child's education. By starting early and making regular contributions, you can harness the power of compounding to accumulate wealth steadily. Additionally, mutual funds offer a diversified investment portfolio, reducing risk and maximizing returns over the long term. As a trusted partner in your financial journey, EduFund offers a wide range of mutual fund options tailored to your needs and goals. With expert guidance, personalized investment strategies, and user-friendly tools, EduFund makes it easy for parents to start investing in their child's education and secure a bright future. In conclusion, choosing the right school for your child is a significant decision that lays the foundation for their future success. By selecting one of the top schools in Ghaziabad and investing in mutual funds with EduFund, you can provide your child with the best educational opportunities while safeguarding their financial future. Start planning today and give your child the gift of a quality education that lasts a lifetime. Invest Now!
Guide to Spending Wisely: College Student Edition

Guide to Spending Wisely: College Student Edition

When you study abroad, financial responsibility is an important life skill to learn. The first step to becoming a responsible adult is learning how to manage your finances. If you have read our guide to budgeting, you probably have an understanding of the basics of financial planning and budget making. However, unless you learn how to manage your spending habits, you may find your financial planning and budgeting to be futile. Learning how to spend wisely enables you to remain true to your budget and helps you develop financial responsibility.  Here is our guide to spending wisely so that your finances can back up your education plans and dreams.  Guide to spending wisely 1. Recognise & cut unnecessary expenses It is common for young college students to simply not be aware of where their money is going. This is not something to be embarrassed by, you are still young and inexperienced, but it is definitely something to take notice of and correct. You should know what you are spending your money on and if those expenses are justified. A financial plan and personal balance sheet may be very helpful resources in tracking these expenses. Once you do have a list of your expenses, pick out the ones that you know are unjustified. Be firm and disciplined in this, do not cut yourself any slack. If required, you can ask a parent, a trusted relative, or an older sibling to help you pick out your unnecessary expenses. Once these expenses have been sorted out, it is your responsibility to cut down on them. Unnecessary expenses commonly include things like eating out at restaurants too frequently, too many subscriptions to streaming services, and unnecessary shopping and gaming. This is not to say that you should not spend on these things at all. You should certainly indulge in some discretionary spending, but it is important to be able to keep it as minimal as possible. 2. Make shopping lists Planning your purchases in advance is a great way of managing your discretionary spending and avoiding impulsive purchases. You should certainly plan all big purchases, like electronic devices for vehicles, but even for relatively small purchases, it helps to have a shopping list. Make shopping lists when you go to buy groceries or when you go to the mall for clothes shopping. Stores are often constructed in a way that they captivate customers and entice them into making impulse purchases. By having a shopping list or at the very least a shopping budget or allowance, you force yourself to stay focused and consider your items thoroughly before you purchase them. Shopping lists also help you pick exactly what you need and leave the store quickly. This reduces the chances of making an impulse buy. 3. Use student discounts & campus facilities Going to study abroad has benefits, and amazing campus infrastructure, and amenities are just one of them. Foreign universities have sprawling campuses with facilities like recreational centers, gyms, swimming facilities, game centers, etc. As a student there, especially if you live in the dorms, you will have full access to these facilities. It is a good idea to make full use of these. You are already paying tuition and other fees to attend college, it only makes sense to get your money’s worth. In addition to using these campus facilities, you should also make use of student discounts wherever you can. A lot of restaurants and cafes around college campuses offer student discounts as do places like hair salons and beauty parlors. You can access public transport for free or at a much more discounted rate if you get a student pass. Similarly, many airlines offer student discounts for college students traveling to see their families. This can be of special help for you when you study abroad. 4. Pay your bills on time You may be forgiven for not knowing this as a young adult, but every time you don’t pay a bill on time, it accrues late fees. Not paying your rent, utility bills, or library dues on time can cause you to accumulate late fees and surcharges that can easily overturn your entire budget. It is important to avoid these late fees at all costs. Set reminders for yourself for all upcoming billing dates and pay your bills before that date. Most bills are due by the first week of any given month. On the last week of each month, make a list of all your bills and set aside money for them even before you have received any. As soon as you receive your allowance from your parents or scholarship, or as soon as you get paid from your part-time job, pay your bills.  Late fees are not only a needless financial drain, but they can also seriously affect your credit scores and make it difficult for you to rent a house or get any credit or education loans in the future. Paying your bills on time is not only important to stay out of debt, it is also a good monetary habit crucial for any adult.  5. Avoid retail therapy Retail therapy is probably the easiest way of picking up your spirits when you are down. It is also one of the easiest ways to develop a shopping addiction and fall into debt. This is especially true if you use credit for shopping online or in stores.  Shopping when you are in a bad mood is a bad idea. Buying new things gives us a short rush of endorphins. This means you are more likely to make impulse purchases or buy things you don’t need. Shopping when you are intoxicated or late at night when you are sleep deprived or stressed is an equally bad idea because your judgment will most likely be impaired. This encourages you to make bad purchase decisions that can overstretch your budget and cause big regrets down the line. A much better way to deal with your emotions when you are feeling low is to go for counseling. Your college probably already has facilities for counseling students and you should make good use of those facilities. When you study abroad, away from your parents, families, and support systems, it is easy to fall into despair or depression. Appropriate counseling and guidance can help you deal with those feelings in a healthy way. Conclusion Learning how to spend wisely and inculcating good monetary habits are crucial life skills for any young adult. Not all lessons you learn in college will be learned inside a classroom. Some lessons you will have to teach yourself through self-experience. Financial accountability and responsible spending habits are one such lesson. While it may all seem too complicated and too much right now, it is all part of growing up and becoming a sensible and responsible adult! FAQs How can a college student spend money wisely? As a college student, you need to make do with what you have most of the time. The money you get from your parents and any earnings from part-time jobs can help you live a social life. Look at a few pointers to keep in mind while spending money:   Recognize & cut unnecessary expenses   Make shopping lists   Use student discounts & campus facilities   Pay your bills on time   Avoid retail therapy   What are the spending habits of college students? College students spend most of their money on clothing and entertainment, apart from academic and additional college expenses. Students also spend a lot on food when they live away from home.   How do you budget as a student? It is common for young college students to simply not be aware of where their money is going. This is not something to be embarrassed about, you are still young and inexperienced, but it is definitely something to take note of and correct. You should know what you are spending your money on and if those expenses are justified. A financial plan and personal balance sheet may be very helpful resources in tracking these expenses.   Once you do have a list of your expenses, pick out the ones that you know are unjustified. Be firm and disciplined in this, do not cut yourself any slack. If required, you can ask a parent, a trusted relative, or an older sibling to help you pick out your unnecessary expenses. Once these expenses have been sorted out, it is your responsibility to cut down on them.   How should students save money? Going to study abroad has benefits. Amazing campus infrastructure and amenities are just one of them. Foreign universities have sprawling campuses with facilities like recreational centers, gyms, swimming facilities, game centers, etc.   As a student there, especially if you live in the dorms, you will have full access to these facilities. It is a good idea to make full use of these. You are already paying tuition and other fees to attend college. It only makes sense to get your money’s worth.   In addition to using these campus facilities, you should also make use of student discounts wherever you can. A lot of restaurants and cafes around college campuses offer student discounts, as do places like hair salons and beauty parlors.  Consult an expert advisor to get the right plan TALK TO AN EXPERT

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