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How to use an abroad education loan to fund a dual degree program?

How to use an abroad education loan to fund a dual degree program?

Students may show potential employers through a dual degree program that they have what it takes to excel in a global setting. In this blog, we will discuss the best undergraduate and master’s dual degree programs and how to use an abroad education loan to fund a dual degree program. What are dual degree programs? Due to the ability to study in two distinct nations, dual degrees, also known as double degrees or combined degrees, allow you to obtain a more thorough understanding of a certain subject. Although pursuing a dual degree is important and may be highly advantageous, it does need a little more dedication and self-control. It also calls for outstanding time management skills as you adjust to different teaching methods and go beyond language obstacles. How to use an abroad education loan to fund a dual degree program? Given that it combines two fields, a dual degree could cost a bit more than a regular one. Following are the ways to use an abroad education loan to fund a dual degree program: 1. Financial planning An effective loan application is a crucial component of a careful financial strategy created to pay for your dual degree program abroad at the lowest possible cost. Scholarships, grants, past savings, and student loans are important parts of the strategy. Spend some time weighing the correct loan amount against the cost of redeeming your investments. 2. Tuition fees The tuition fees levied by foreign universities make up one of the two primary components of education loans for studying abroad. An education loan is meant to help students who are studying abroad with the expense of their tuition. Tuition is paid on all student loan repayments. So, while deciding on the overall amount of your student loans, you should give top priority to covering your tuition costs. 3. Living expenses Several items can be referred to as "factors" in this sentence. Rent or room and board, food, and expenses for other daily essentials like transportation to and from school, a security deposit for accommodation, etc., are the primary living expenses for a student. Your living expenses should be taken into account when calculating the overall cost of your study abroad program. 4. Health insurance Several foreign institutions commonly ask international students to get health insurance. Because it is one of several expenses students must pay to study abroad, this particular expense is covered by an education loan. So, health insurance might be considered when applying for a student loan. 5. Study aid If the offer letter from your institution abroad specifies that you are responsible for paying for field trips and other extracurricular activities throughout your degree, this information can also be included in the education loan specifications. Students can also factor the cost of items like books, laptops, and other study aids into their overall expenses. Best undergraduate dual degree programs to study abroad Ever consider continuing your passion for music while pursuing a business degree? Or how about combining a Bachelor of Law with a Bachelor of Biotechnology? When looking for jobs, having two college degrees provides you with an advantage over the competition. Moreover, you can combine requirements for two distinct master's programs or occasionally a Bachelor's degree with a Master's. The most well-liked undergraduate dual degree programs to study abroad are as follows: BS in biology/BS in chemistry BA in liberal arts/BFA BA in business administration/BA in marketing BSN/BS in healthcare management BA in public health policy/BS in public health science BS in computer science/BA in game design BS in computer science/BS in software engineering BA in international relations/BA in a foreign language BA in psychology/BA in criminal justice BA in economics/BA in political science BA in economics/BS in mathematics Top bachelor's-master's dual programs BSN/MSN (also known as a BSN-to-MSN program) BS in social work/MSW BA in business/MBA BS in computer systems engineering/MS in computer science BS in public health/MPH BS in statistics/MS in applied math and statistics BA in international relations/MA in international affairs BA in justice and law/MA in counterterrorism and homeland security BA in political science/MPA BA in business administration/MBA Top dual degree universities to study abroad Following are the most popular universities to pursue dual degree programs abroad: Arizona State University Auburn University Benedictine University California University of Pennsylvania California Western School of Law Capella University Colorado Christian University Columbia University Cornell University Dallas Baptist University Many additional opportunities become available with a dual degree program. It enables you to pick your core area of study, experiment with others that fit your objectives or preferences, and discover your passion. Consult an expert advisor to get the right plan TALK TO AN EXPERT
What is the cost of studying at IIT?

What is the cost of studying at IIT?

IITs are renowned for offering outstanding academic and employment prospects, making them highly sought-after institutes for engineering education.   Candidates must first pass the JEE Mains exam and then the JEE Advanced exam in order to be admitted to an IIT. They can then apply for admission to an IIT if they are successful. The cost of attending the various IITs in India frequently piques the interest of prospective students. Let’s find out the IIT total fees for 4 years for prospective students.  IIT Fee structure  The IIT total fees for 4 years for a B.Tech. are as follows:  Organization Name *Fees for (General and OBC candidates) in Rs. *Total Fee (SC/ST candidates) in Rs. IIT Kharagpur 950000 175000 IIT Mumbai 900000 125000 IIT Chennai 825000 320000 IIT Kanpur 868000 190000 IIT Delhi 900000 250000 IIT Guwahati 875000 230000 IIT Roorkee 867000 300000 IIT Bhubaneshwar 980000 250000 IIT Gandhinagar 990000 340000 IIT Hyderabad 920000 290000 IIT Patna 840000 330000 IIT Punjab (Ropar) 500000 90000 IIT Rajasthan (Jodhpur) 970000 180000 IIT Indore 990000 350000 IIT Mandi 870000 80000 IIT BHU 950000 260000 IIT Bhilai 820000 350000 IIT Dharwad 985000 195000 IIT Goa 890000 290000 IIT Jammu 100000 180000 IIT Palakkad 930000 280000 IIT Tirupati 850000 250000 ISM Dhanbad 820000 240000  The new pricing structure for IIT Bombay is shown below IIT Bombay is one of the toughest IITs to crack. Here are the IIT Bombay total fees for 4 years:  Caution money (refundable)  ₹ 2,000 One-time fee  ₹ 5,000 Tuition fees  ₹ 1,00,000 Other fees  ₹ 3,750 Extra (Annual fees)  ₹ 126  Total Amount  ₹ 1,10,876  The cost of the dorm and the meal plan per semester Mess caution fee (refundable)  ₹ 1,000 Hostel Seat Rent  ₹ 500 Electricity and water fee  ₹ 2,500 Hostel Subsidy fee  ₹ 6,000 Hostel Establishment fee  ₹ 2,000 Mess fee  ₹ 13,000 Total Amount  ₹ 25,000  Available scholarships for engineering standards  1. MOMA Scholarship  The Ministry of Minority of Minority Affairs sponsors the MOMA Scholarship, a merit-based financial aid award. This grant is intended for minority students who display outstanding academic performance but have limited financial resources. Candidates from the minority community include Muslims, Sikhs, Christians, Zoroastrians, Buddhists, and Jains. Students at the Indian Institutes of Technology are reimbursed for their whole tuition costs. In the minority community, girls make up 30% of scholarship recipients.  2. The North-South Foundation Scholarship  Undergraduate students seeking admission to engineering, medicine, or diploma programs can apply for scholarships from the North-South Fund. If a candidate's family income is less than 90,000 annually and they scored in the top 10% on their state CET, 10th, and 12th-grade examinations, they are eligible for the award (Common Entrance Test). Students coming from government schools, and colleges, and applying to government undergraduate colleges are given preference.  3. Golden Jubilee Scholarship from LIC  The scholarship is awarded to applicants whose annual household income does not exceed 1,00,000. It is offered during the entire semester. A total of 10,000 is offered in 10 installments (at a rate of $1,000 per month).  4. Scholarships from the UGC for Rank Holders  Scholarships are offered by the University Grants Commission (UGC) to students in an effort to advance higher education in the nation. This is awarded to individuals who finished first and second in their undergraduate colleges and are enrolled in post-graduate coursework.  5. Google Anita Borg Scholarship  Only female applicants are eligible for this scholarship. It is offered to women studying graduate and postgraduate studies in the sciences. The decision is made based on leadership abilities and academic achievement.  Consult an expert advisor to get the right plan TALK TO AN EXPERT FAQs Are all IITs in India supported by the government?  Certainly, the IIMs have received financial support from the Ministry of Human Resources and Development, but this has no bearing on policy choices or regular business.  What is the cost of a B.Tech in CSE at IIT Bombay?  A BTech in CSE at IIT Bombay costs approximately INR 8.55 lakhs for the entire program. What is the most a student from India can borrow for a college loan?  The maximum amount for an education loan for graduate studies is Rs. 75 lacks. Depending on the circumstances, the loan's amount fluctuates. Additionally, the bank has complete control over the repo rate spread. Throughout the loan's term, the spread could alter.  Does IIT Madras offer a B.Sc. in Programming & Data Science program on campus?  There is no similar on-campus program. This curriculum has been painstakingly created by IIT Madras to be entirely online. Is free enrollment at IIT possible?  Admission to IITs requires payment of tuition. Only those who have passed JEE Mains are eligible to take the IIT JEE Advanced exam, which is required for admission to IITs. IIT tuition fees vary by student, but a B. Tech should cost about Rs. 10 lakhs. 
Affordable universities in the UK

Affordable universities in the UK

A recent survey has shown that over 7.5 lacks Indian students went abroad last year. Amongst the top 3 destinations for Indians was The United Kingdom. The country has a top-notch educational system. But its affordability is less well known. Here are some affordable universities in the UK that you cannot miss!   List of affordable institutions in the UK for foreign students  1. University of Cumbria  Founded in 2007, the University of Cumbria is a public research institution. It is in the city of Carlisle in the Northwestern part of the UK and is considered the cheapest university in the UK for masters. It has a history of involving and welcoming students from all around the world in transdisciplinary research. The long-term objective of the institution is to provide its students with the knowledge and abilities necessary to realize their full potential and pursue rewarding jobs.  One of the low-cost universities in the UK for international students is Cumbria University. Depending on the academic level and nature of the course, different tuition rates apply. The institution offers more than 100 diverse courses.  Courses Duration Tuition Fees MBA (6 Courses) 2 Year - 5 Year GBP 12000 Engineering (2 Courses) 2 Year - 4 Year GBP 4500 Science (16 Courses) 1 Year - 4 Year GBP 10500 Arts (31 Courses) 1 Year - 6 Year GBP 7000 Law (15 Courses) 1 Year - 6 Year GBP 10500 Media Films (12 Courses) 1 Year - 6 Year GBP 9000 Hospitality & Tourism (1 Course) 4 years GBP 10500 Information Technology (IT) (1 Course) 2 years GBP 10500 Management (22 Courses) 1 Year - 4 Year GBP 9000  2. University of Coventry, UK  The public institution, Coventry University, was founded in 1992. It is situated in Coventry, a city in the West Midlands region of England. A satellite campus of the institution is situated in London, and the main campus is in Coventry. As the cheapest university in London, this has become a safe haven for many international students.   About 130 bachelor's and 100 master's level courses are available at Coventry University. The number of overseas students at the university is likewise significant. Over 31% of students are international, according to statistics.  Coventry University has often been listed among the best colleges. The university is listed among the top 600 universities in the world according to the QS world university rankings. It has one of the lowest tuition costs of any prominent university in the UK. Course Intake Average International student fees MBA September, January, and May £18,600 MSc September and January £16,600 MSc with Extended Professional Practice September and January £16,700 Undergraduate Degree September and January £13,900 Undergraduate Top-up Degree September and January £13,900  3. Staffordshire College, UK  Public university Staffordshire University offers a top-notch education. It currently provides degrees to more than 15,000 students. It has consistently ranked among the top 100 universities in the UK for a long time. For overseas students, this university offers the cheapest MBA program in the UK. Staffordshire College is one of the cheapest universities in the UK for master's as well.  Staffordshire University has a few departments and programs that rank among the top ten in the UK. It is well known for having science departments that conduct a lot of research and is highly recommended and ranked because of its work.  The psychology department  The biosciences departments  The molecular biochemistry departments  Type of course Tuition fees Staffordshire University offers on-campus undergraduate courses for the Foundation Degree, BSc, BA, BEng, LLB, and other degrees $9,250 annually 2-year accelerated degree courses £11,100 per year The placement fee for the industry-related year of a four-year sandwich program. £1,850 Tuition fee if spending the whole academic year abroad £1,385 4. The Bolton University, UK  A public research university, The University of Bolton was established in 1982 but only received university status in 2004. It is situated in the Greater Manchester city of Bolton. It is a prestigious higher education institution in the nation. This university is for you if you're seeking an inexpensive masters in the UK.  Special effects for film and television, visual effects for film and television, and other specialized degrees are available from the University of Bolton.  It provides a range of occupational courses in addition to the more conventional academic ones. Around 14,000 students attend, and 700 academic and professional staff members work there.  Courses Average Fees Undergraduate degree £12450 Per year Master's degree £12450-13950 Per year PhD Approx £12450 Per year  5. Trinity University of Leeds, UK  In Horsforth, England, there is a public institution called Leeds Trinity University. It was founded in 1966, and it was given full university status in 2012. The University offers high-quality courses at affordable prices while being modest in comparison to most UK universities.  In a variety of humanities and social sciences, the institution provides foundation courses, undergraduate coursework, as well as postgraduate degrees. Every year, there are more and more international students attending the university.  Leeds Trinity University is without a doubt one of the most affordable universities in the UK for foreign students. Students are given improved support and assistance in this setting, which helps them quickly feel at home.  COURSE TUITION FEES Three-year undergraduate degree course £12,000 (per year) Two-year undergraduate degree course  £12,000 (per year) MA Childhood and Education £11,500 MA Creative Writing £11,500 MA Criminology and Criminal Justice £12,500 MSc Data Science and Artificial Intelligence £12,750 MA Family Support £11,500 MA International Business £12,500 MA Journalism £12,500 LLM Law £12,500 MBA £12,500 MA Mental Health in Children and Young People £11,500 PhD, MPhil or MbR (cost per year) £12,500 MSc Project Management £12,500 MSc Psychology (conversion)  £12,500 MA Victorian Studies £11,500 Must Note: These figures are taken from the official websites and are mere reference points. Tuition fees are changed every year. Please check the official website before applying.  Conclusion  The UK is a good option for international students looking for an affordable, top-notch education. We wish you luck in your search for a decent list of reasonably priced UK schools that provide a range of degrees. You can also apply for scholarships and awards to help pay for your education. 
Questions to ask your financial advisor

Questions to ask your financial advisor

To find out if a professional is a suitable fit for you when you're looking for someone to manage your money, you should ask them certain questions. You may make an informed choice if you are aware of an advisor's experience, area of specialization, and typical client age range.  Integrity is possibly the most important quality a financial counselor can have. In addition to managing your personal and family savings, they will also have access to and knowledge of your most private data. This is why it's crucial to choose a reliable employee.  You'll have concerns about how your money is being managed by your financial advisor, as well as how you can spend, save, and invest intelligently, even after you've found one you can trust.  Discover the most crucial inquiries to make at your yearly or quarterly sessions with your advisor. Let’s find out some questions you should be asking your financial advisor in the first meeting. Interview questions to ask prior to hiring  An interview can help you determine whether you are a good fit with a financial advisor who has your best interests in mind by giving you an idea of their experience and potential working relationship. 1. What do you qualify for?  The advisor's credentials and position as a professional are the first things you'll want to find out. No two financial advisors are alike because there are so many different certifications available. It is best to find an advisor whose profession is customized to your particular aims because one may focus on a different area or expertise than the other.  2. Describe your payment structure Secondly, learn the fee schedule the financial advisor will use to cover costs. As an illustration, some advisors charge a flat cost and never accept commissions, whilst others may do both.  The following are typical payment strategies used by financial advisors:  Fee-only: never charges a commission, simply an hourly or set amount for specific services receives commissions for recommending products like insurance and annuities.  Fee-based: mostly collects fees for services while also taking commissions. Charges are made based on the percentage of your assets that are under management (AUM).  3. How will we cooperate?  You'll also want to ask how the relationship will function. Will you meet with your financial counselor, for instance, every year or every three months? Will they be available on weekends and virtually? It's crucial to understand their preferred mode of contact, how they intend to meet with you, and any preferences they may have for scheduling meetings.  4. What investing Philosophy Do You Adopt?  A qualified advisor understands how to deal with your level of risk tolerance and helps you navigate unforeseen obstacles, like inflation or a recession. Inquire about the procedures and data-driven approaches they have in place for circumstances like this.  5. Do you owe fiduciary owes?  Fiduciaries must always behave in their client's best interests, even when doing so is not in their own best interests. Examples of fiduciaries include banks and law firms. Before choosing to hire a financial advisor, it's critical to understand whether they are held to the fiduciary standard as not all financial advisors are or are required to be.  6. Do You Collaborate with Lawyers?  You might require a tax attorney in addition to a financial counselor if your financial position is more complicated and involves company or estate planning. Thus, an advisor who is willing to work with an attorney or who can recommend one to you can help you identify the best candidates.  7. Will you agree to sign a contract outlining your compensation?  In any case, before you work with them, a fee-only planner should feel at ease discussing and signing an agreement outlining the compensation and services that will be offered.  8. May I speak to some of your former or present clients?  Financial advisors ought to be at ease providing you with references of customers whose money they have handled. If they're not, this might be a red flag.  These are some of the best questions to ask your financial advisor before you start working with them!  
How to invest INR 25 lakhs?

How to invest INR 25 lakhs?

Investing money for monthly income can be a great way to generate a steady stream of cash flow. However, it is important to carefully consider your options and create a diversified portfolio that meets your income needs and risk tolerance. If you have saved up to 25 lakhs and are ready to invest it, it is the best way of earning a passive income, as it can be a great way to earn extra money without having to put in a lot of work. Investment can be the best and easiest way to earn money if done properly. Tips on how to invest INR 25 lakhs for monthly income 1. Understand your income needs Before investing, it's important to have a clear understanding of your income needs. Consider your monthly expenses, your long-term financial goals, and any other sources of income you may have. This will help you determine how much income you need each month and what type of investments to consider. 2. Consider fixed-income options Now, addressing the concern of where to invest 25 lakhs for monthly income, there are a few options. Fixed-income investments like fixed deposits and debt mutual funds can offer a steady stream of income. These investments provide a fixed rate of return and can be a good option for conservative investors who want a predictable source of income. However, keep in mind that fixed-income investments may not offer high returns and may be subject to inflation risk. 3. Invest in dividend-paying stocks Dividend-paying stocks can provide a steady source of income through regular dividends. These stocks are typically issued by stable, established companies that have a history of giving out dividends. Investing in dividend-paying stocks can be a good option for investors who want to generate income and also participate in the potential for capital appreciation. Consider investing in a diversified portfolio of dividend-paying stocks to minimize risk. 4. Consider rental property Investing in rental property can be a good option for a stable monthly income. Rental income can provide a steady source of cash flow, and the property may appreciate in value over time. However, investing in rental property requires a significant amount of capital and comes with additional risks like property management and tenant turnover. Hence, so be sure to do your research and work with a professional to ensure that your investments are successful. 5. Bonds as an investment  Bonds are another popular option for generating monthly income. When you buy a bond, you are essentially lending money to the issuer in exchange for regular interest payments. You can invest in individual bonds or in bond funds, which are mutual funds that invest in a variety of different bonds. Keep in mind that bonds are subject to interest rate risk, so their value may fluctuate based on changes in interest rates. 6. Invest in mutual funds Mutual funds that invest in a combination of equity and debt securities can be a good option for generating monthly income. These funds provide diversification and can offer a balance between income and growth potential. Look for income-oriented mutual funds and a systematic withdrawal plan. Consider investing in hybrid mutual funds or monthly income plans that are designed to provide regular income. Diversify your investments and reinvest dividends and capital gains. 7. Invest in annuities An annuity is a contract between you and an insurance company that provides a guaranteed stream of income over a set period. There are different types of annuities, but fixed annuities can be a good option for generating monthly income. With a fixed annuity, you pay a lump sum upfront, and the insurance company guarantees a fixed rate of return for a period of time. 8. Consult a financial advisor Investing Rs. 25 lakhs for monthly income requires careful planning and consideration. It's a good idea to consult a financial advisor who can help you create a diversified portfolio that meets your income needs and risk tolerance. A financial advisor can also provide guidance on tax-efficient investment strategies and help you create a comprehensive financial plan. Our team at EduFund has efficient financial advisors constantly available for your help and advice, whether it is about how to invest 25 lakhs for monthly income in India or any other financial concerns you may have. Conclusion  In summary, there are different ways to invest money for monthly income, but investing Rs. 25 lakhs for monthly income requires careful consideration and planning. Consider fixed-income options, dividend-paying stocks, rental property, and mutual funds, and consult a financial advisor to create a diversified portfolio that meets your income needs and risk tolerance. With smart investment decisions, you can generate a steady stream of monthly income and achieve your long-term financial goals. And for any issue regarding these investments, our team of financial advisors is just a call away.
ICICI Prudential Bluechip Fund

ICICI Prudential Bluechip Fund

ICICI Prudential Mutual Fund is the second-largest asset management company in India. With over Rs 5 Lakh crore, the AMC is among the most trusted names in the mutual fund space. The AMF offers products across asset classes. Let us talk about the flagship product – ICICI Prudential Bluechip Fund.  About ICICI Prudential Bluechip Fund Investment Objective To generate long-term capital appreciation and income distribution to investors from a portfolio predominantly invested in equity and equity-related securities of large-cap companies.  Investment Process   The scheme aims to maintain a minimum exposure of 80% towards equity and equity-related instruments of large-cap companies, selected based on a bottom-up approach focusing on long-term wealth creation.  Portfolio Composition  As per its investment objective, the equity exposure is majorly in large-cap stocks at 91.35%. Significant sectoral exposure is to banks that account for roughly one-fourth of the portfolio. The top 5 sectors hold nearly 58% of the portfolio.  Note: Data as of 28th Feb 2023. Source: ICICI Pru AMC  Top 5 Holdings for ICICI Prudential Bluechip Fund Name Sector Weightage % ICICI Bank Ltd Financial Services 9.34 Reliance Industries Conglomerate 8.02 HDFC Bank Ltd Financial Services 7.08 Infosys Ltd. Information Technology 6.65 Larsen & Tubro Ltd. Construction 6.55 Note: Data as of 28th Feb. 2023. Source: ICICI Pru AMC  Performance over 16 years  If you had invested 10,000 at the fund's inception, it would now be valued at Rs 66,660.  Note: Fund performance since launch; Inception Date – 23rd May 2008.  Source:  The fund has given consistent returns and has outperformed the benchmark over 15 years by generating a CAGR (Compounded Annual Growth Rate) of 13.77%. Fund Manager  The fund is ably managed by   Anish Tawakley – Managing this fund since Sep. 2018 & has overall 26 years of experience.  Vaibhav Dusad - Managing this fund since Jan. 2021 & has an overall nine years of experience  Who should invest?  The scheme is suitable for investors who wish to invest in large-cap stocks   That is relatively less volatile than other stocks,  Have a well-proven track record and solid fundamentals, and can deliver consistent long-term returns.  Why invest?  The scheme provides diversification to investors who wish to park their funds across various themes and sectors.  The benchmark sector-neutral approach gives investors confidence that the funds parked are invested in line with the benchmark.  Horizon  One should look at investing for a minimum of five years or more.  Investment through Systematic Investment Plan (SIP) may help tackle broader equity market volatility.  Conclusion  The fund has consistently outperformed its benchmark. Also, since it is a large-cap fund, it has the potential for capital appreciation with less volatility than small-cap and mid-cap funds. Hence, investors seeking to invest for a long-term time horizon intend to generate good returns with relatively lesser risk.  Disclaimer:This is not recommendation advice. All information in this blog is for educational purposes only. 
How to reduce the cost of studying abroad?

How to reduce the cost of studying abroad?

Is it possible to reduce the cost of studying abroad as a student? With thousands of Indians going abroad and opting for education loans to finance their dreams, it is a pressing question.   The cost of studying abroad can be higher for Indian students, especially since the currency is weaker than Euro or dollar. So how can you go abroad without hurting your pockets? Let’s find out.  Students should prepare for their study abroad adventure with thorough research and a methodical plan to reduce costs while studying abroad. Suggestions to help you cut costs 1. Choose your country of study from those that are the cheapest  The cost of the curriculum is greatly influenced by location; the cost of living is not the same everywhere. Due to their generally low cost of living, Asian nations, especially those in the southeast, are among the least expensive to study in. India, the Philippines, and China are a few of these. Due to their location at the opposite end of the cost-of-living spectrum from Japan and South Korea often have higher prices than the ones stated above. Consider looking at South American nations with program costs that are in the middle, such as Peru, Ecuador, and Brazil, if you desire to study there.  Sadly, studying abroad in Europe is not a cheap option. Even if you choose more affordable study-abroad locations in Europe, the overall cost of living there will still be comparable to that of life at home. But, keep in mind that even while your daily living expenditures would be cheap, some more distant locations may cost you more in flights. It's all about striking a balance, so keep that in mind as you calculate the expense of your study abroad.  Tips to arrange study abroad funding READ MORE 2. Recognize any potential unforeseen expenses  Before committing, it's also a good idea to investigate any additional costs associated with studying abroad. Although some programs may appear to be inexpensive at first sight, they may include additional costs that must be paid in person. Check that the pricing includes all expenses before submitting an application, including tuition, books, lodging and board, meals, excursions, orientation, and visa processing. Instead, if you want a more independent (and hence less expensive) study abroad program, make sure they won't charge you extra for unanticipated services once you're overseas.  At the absolute least, confirm that the expenses you believe you have covered are covered, and be ready to pay the balance as you go. Ask the service provider or school you are applying to without hesitation. 3. Don't stay in upscale accommodations  You can choose from a variety of accommodation alternatives that are likely to be provided by your study abroad program provider. Be aware that more opulent accommodations typically entail higher study abroad costs. It costs less to live in university housing (like an international student dorm). If you're seeking a cheap housing solution, think about sharing a student apartment provided by the program. They can provide a little extra room for you without emptying your wallet like a single apartment or a protracted hotel stay.  Homestays, in which you live with a family for the duration of your study abroad program, are an additional choice to take into account. Hey, the price of a homestay is way higher than other options not great for my study abroad cost estimate but hear us out. Because homestays often include 1-2 meals per day, you'll reduce your overall expenses while also enjoying great home-cooked cuisine and forming connections that will probably last a lifetime. Not bad considering the cost, eh?  Finding your own apartment is a third alternative to think about, but it can be expensive, time-consuming, and difficult to negotiate in a foreign real estate market. There can be higher upfront costs or even worse things like burst pipes or undetected insect infestations. Blech. Even if you DO find an independent choice that is cheaper, sometimes the peace of mind regarding the quality of accommodation and accessibility to assistance (in relation to your program provider) more than justifies the price difference.  The financial impact of borrowing education loans to study abroad Read More 4. Go overseas to school in a tiny city  Large cities have expensive prices. Here's another illustration of a geographic choice YOU may make that can ultimately impact the bottom line. We know you adore Paris or that you would give anything to live among the Tokyo lights, but perhaps you should postpone those long-term experiences until you are older (and have more of a disposable income). You can still go on weekend excursions in the major cities, and as noted, you can always go back eventually (perhaps as an expert or while working as an English teacher abroad after graduation!).  The affordability of smaller, more rural cities is like Iowa's cost of living is lower than Chicago's. Manchester is exchanged for London, Milan for Rome, and Xian for Beijing. You get the picture.  5. Avoid going on weekend trips  If weekend excursions need an additional fee that is optional, skip them and do the same thing on a shoestring budget. In addition to giving you extra money to spend on (well-deserving) indulgences if you complete a similar journey successfully without their assistance, it will be a pleasant exercise in your own travel planning abilities.   Good tip: If you're laid back, walking is always free and a lot of fun. Walking around your new city will help it seem more like home while also saving you money. Consult an expert advisor to get the right plan TALK TO AN EXPERT
UTI Infrastructure Fund

UTI Infrastructure Fund

UTI is one of the pioneers of the Indian Mutual Fund Industry. With over Rs 2.4 Lakh crore, the AMC is one of the most trusted names in the mutual fund space. The UTI Mutual Fund offers products across asset classes. Let us talk about the flagship product – UTI Infrastructure Fund. About UTI Infrastructure Fund  Investment objective: The investment objective of the Scheme is to provide long-term capital appreciation by investing predominantly in equity and equity-related securities of companies engaged either directly or indirectly in the infrastructure areas of the Indian economy. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.  Investment process:   The fund would predominantly invest in stocks of companies engaged either directly or indirectly in the infrastructure areas of the Indian economy: The infrastructure sector is a crucial driver of the economy, playing an essential role in propelling India's overall development. The fund emphasizes a bottom-up strategy for stock selection and is positioned to profit from the early revival in the investment cycle. The fund would be agnostic to market capitalization. However, it may take concentrated exposure to certain stocks or sectors.   Portfolio composition  The portfolio holds significant exposure in large-cap stocks at 64%, and major sectoral exposure is to Construction and Capital Goods that combinedly account for roughly one-third of the portfolio. The top 5 sectors hold more than 63% of the portfolio. Note: Data as of 28th Feb. 2023. Source: UTIMF   Top 5 Holdings for UTI Infrastructure Fund  Name Sector Weightage % Larsen & Toubro Ltd. Construction 9.94 Bharti Airtel Ltd. Telecom 9.27 NTPC Ltd. Power 5.97 Ultratech Cement Ltd. Construction Materials 5.93 Reliance Industries Ltd. Oil, Gas & Consumable Fuels 4.82 Note: Data as of 28th Feb. 2023. Source: UTIMF  Performance since inception  If you had invested 10,000 at the time of the fund's inception, it would now be valued at Rs. 89,192, whereas the benchmark (Nifty Infrastructure TRI) would have fetched you only Rs 54,474.  Note: Performance of the fund since launch; Inception Date – 07th Apr. 2004 Source:  The fund has consistently outperformed the benchmark and generated significant alpha. Investors must remain invested for a longer horizon to see the fund outperforming the benchmark. Fund Manager  Mr. Sachin Trivedi ably manages the fund. Mr. Sachin Trivedi is Senior Vice President and designated Head of Research & Fund Manager, Equity at UTI AMC Ltd. He is a graduate from Narsee Monjee College of Commerce, Mumbai. He holds a post-graduate degree in management (MMS) from the K. J. Somaiya Institute of Management Studies &; Research, Mumbai University. He also holds a CFA charter since 2004 conferred on him by the CFA Institute, USA. He began his career in June 2001 with UTI. Sachin has 16 years of experience in research and portfolio management. In research, he has specialized in Auto OEM, Utilities, Capital Goods, and Logistics.  Who should invest?  Investors looking to  Invest in a fund following a theme of investing in stocks of companies engaged directly or indirectly in the infrastructure areas of the Indian economy.  Have a tactical allocation to their overall equity portfolio  Increase the risk spectrum of their portfolio with exposure to a thematic portfolio philosophy  Why invest?  Increasing spending on Infrastructure by Govt. of India would potentially drive the infrastructure sector to outperform broader indices in the medium to long term.  The fund provides risk diversification through investments in several stocks of the same sector in a cost-effective manner.  Horizon  Ideal for investment with a time horizon of, preferably, five years or above   Investment through Systematic Investment Plan (SIP) may help in tackling the volatility of the broader equity market.  Conclusion  The UTI Infrastructure Fund is ideal for a tactical allocation, with relatively better return potential than the diversified equity funds. This fund is best if you are bullish on infrastructure themes and ready to take high risks.  DisclaimerThis is not recommendation advice. All information in this blog is for educational purposes only.

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