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PSU… We heard a lot about this after our PM Narendra Modi gave a green signal about it during a discussion on the motion of no-confidence in the Council of Ministers and since then it has never looked back. We are observing all the PSU stocks are reaching new heights every day.  PSU are closely linked to the core sectors of the economy and have been successfully able to build a strong industrial base in the country. These undertakings are majorly covered by the Government of India. Since most of the entities are owned or backed by the Government of India, it does not have the credit risk. PSUs have a long-lasting presence in India. The sector contributes around 15% of India’s GDP.  The current total market cap of the PSU companies is more than ₹20 lakh crore. PSU contributes a good amount of money regularly to the government in the form of dividends, excise duty, customs duty, and corporate tax. PSU is majorly impacted by any changes in government policies.  The valuation of stocks in our favorite capital goods, healthcare, QSR and real estate sectors discount growth for the next few years and leave absolutely no room for any disappointments. We would have had to remove such stocks from our portfolio as it would not be correct to keep such stocks for a healthy portfolio.  As the late ‘Big Bull’ Rakesh Jhunjhunwala had predicted, it has been tough for investors to ignore PSU stocks in 2022 as several of them, spread across industries in railways, banks, and defense have turned multi-baggers.  Is it time to pause investing in small cap funds? Why is PSU undervalued?  PSU stocks often trade at undervalued prices due to government policies prioritizing public welfare over investor attractiveness. Unlike private companies, government-run enterprises are not solely profit-driven.  In this context, the State Bank of India (SBI) stands as the largest PSU bank, closely followed by Punjab National Bank (PNB). However, it's not just banks; PSUs across various sectors have shown profitability. LIC, the second most profitable PSU, recorded a net profit of ₹35,997 crore in FY23, marking a remarkable 773% increase from the previous year. Additionally, companies like ONGC, Coal India, NTPC, PFC, Power Grid, and REC Ltd. consistently report impressive profits year after year.  In aggregate, the 55 stocks within the S&P BSE PSU Index, spanning sectors such as finance, power, oil & gas, capital goods, metals & mining, transport, telecom, agriculture, and more, collectively generated a net profit of Rs 3.40 trillion in FY23. This trend is evident in the performance of the S&P BSE PSU - Total Return Index (TRI), which has experienced significant growth, especially since August 2020.  Note: Daily chart of S&P BSE PSU  Period: 01/01/2013 to 01/01/2023 (10 years)  Source: bseindia.com Comparison of BSE Sensex and BSE PSU Period BSE Sensex BSE PSU 22-09-2022 to 22-09-2023 (1 year) 11.65% 34.95% 22-09-2020 to 22-09-2023 (3 years) 20.49% 39.09% 21-09-2018 to 22-09-2023 (5 years) 12.36% 10.76% Indices: S&P BSE Sensex, S&P BSE PSU (Source: bseindia.com) Why does PSU make sense now?  The Indian government has implemented a robust strategy known as the "4Rs" to fortify Public Sector Banks (PSBs). This strategy focuses on transparently recognizing Non-Performing Assets (NPAs), efficiently resolving and recovering value from stressed accounts using clear legal processes, infusing capital into banks, and instituting reforms through the PSB Reforms Agenda.  Thanks to this comprehensive approach of recognition, resolution, recapitalization, and reforms, the percentage of non-performing assets in banks has reached its lowest point in a decade, standing at just 3.9% of total advances.  Source: ap.data.gov.in How should an investor take exposure to the PSU theme?  To play the PSU theme, investors have an option to evaluate PSU Mutual Funds.   Thematic Public Sector Undertakings (PSU) Mutual Funds are a type of investment where your money is combined with that of other investors. These funds then use this pool of money to buy shares in companies owned by the government. The special thing about these funds is that they don't just invest in one type of industry. Instead, they spread your money across different government-backed companies. In simple words, PSU mutual funds put your money into shares of government-backed companies. This way, your investment becomes like a mixed bag of different PSUs from different areas. This helps spread out the risk and can be tailored to your risk tolerance and financial goals. As per rules by the Securities and Exchange Board of India (SEBI), these thematic PSU funds have to put at least 80% of your money into stocks from public sector companies.   There are different schemes that follow the PSU theme and are available for investors to consider  Fund Name SBI PSU Fund Aditya Birla Sun Life PSU Equity Fund ICICI Prudential PSU Equity Fund Category Equity Equity Equity Category Thematic-PSU Thematic-PSU Thematic-PSU Fund Age 10 yrs 8 m 3 yrs 9 m 1 yrs 1 m Fund Size ₹ 679 crore ₹ 1,246 crore ₹ 1,474 crore Returns       6 months 38.50% 36.23% 27.11% 1 year 49.06% 49.17% 33.20% 3 years 38.32% 42.27% NA 5 years 16.11% NA NA Risk Measures       Standard Deviation  20.42 20.32 NA Portfolio Allocation       Equity% 91.84% 97.75% 91.63% Debt% 0% 0% 2.02% Sectoral Allocation       Top 3 sectors Financial (30.62%) Financial (31.02%) Energy (50.69%) Capital Goods (19.66%) Energy (29.65%) Financial (22.82%) Energy (19.48%) Capital Goods (12.37%) Materials (7.18%) Expense Ratio 1.34% 0.75% 0.51% Exit Load 0.50% 1% 1% Lock-in No Lockin No Lockin No Lockin Benchmark Index S&P BSE PSU TRI Min. Investment SIP ₹500  Lumpsum ₹5000 SIP ₹500 Lumpsum ₹500 SIP ₹100  Lumpsum ₹5000 Investment Horizon Good for long-term Good for long-term Mittal Kalawadia Anand Sharma Managed By Richard D'souza Dhaval Gala Mittul Kalawadia Anand Sharma Link SBI PSU ABSL PSU ICICI Prudential PSU  Note: Direct Plan and Growth options are considered for Returns Source: EduFund Research Who should invest in it?  Opting for thematic mutual funds can be an excellent choice if you want exposure to a diversified portfolio of public sector enterprises spanning various industries. By doing so, you can enjoy the advantages of diversification while unlocking the potential for optimal returns. Additionally, for risk-averse investors, allocating funds to PSU companies is a prudent move, given their generally higher safety profile compared to other thematic sectors.  Conclusion  Public Sector Undertakings (PSUs) are experiencing a significant uptrend due to anticipated government disinvestments aimed at meeting fiscal goals. Notably, several PSU banks are exploring capital raising to safeguard asset quality. It will be intriguing to observe the outcome and the sustainability of stock prices at these heights. These mutual funds offer an attractive option for investors seeking secure investment avenues for surplus funds. They help preserve your entire portfolio while delivering consistent returns.   Invest for your kid's future!

With the cost of studying overseas rising higher, students dream of winning a scholarship that would cover their fees and overseas stay. But there are some truths about winning scholarships that you should be aware of if your child is planning to travel for studies abroad. There are several misconceptions surrounding winning scholarships such as your child needs to be straight. A student or athlete. However, there are many scholarships available for minorities, meritorious individuals, athletes, and many others. Apply for Scholarship Program The truth about winning scholarships 1. Only for the Meritorious Being a straight A-student is not enough to win a scholarship. While good grades do help, international universities look for the all-round development of the student when considering applicants for scholarships. 2. Extra-curriculars matter Scholarships for students with extracurricular achievements. There are separate scholarships for students with accomplishments in sports, theatre, music, art, and volunteering activities. Most Indian students are unaware of these options and miss out on going to a great university thinking that a lack of ‘A grades’ means no scholarship. 3. Minority Scholarships Check if you qualify for the many minority scholarships. These are usually categorized under gender, race, and sexual orientation. There is a lot of impetus being given to women in the STEM fields, and there are Scholarships for Asian students that your child may qualify for. So make it a point to explore the many options available out there today. 4. Different types of scholarships There are scholarships for students from every stratum of society, not just the economically backward. Do your research and see which categories of scholarships your child is eligible for. Apply for as many as you can. This will improve your chances of winning the scholarship. 5. Country-specific scholarships In most countries, universities offer government and private scholarships. In most cases, government scholarships are reserved for students of the said country. But if your country of origin has diplomatic arrangements that facilitate higher studies across borders, there may be scholarships reserved for you. Make sure you check these out. 6. Need-based scholarships Some colleges review need-based benefits for students who enroll under scholarships. This could mean that if you get a scholarship, you may be denied other need-based benefits at the university. This may make you rethink your scholarship application. But you don’t have to. If you are really in need of the money, present your case to the university and they often have the flexibility to sanction funds along with the scholarship if need be. 7. Competitive Don’t be put off by the effort required to apply for scholarships. Of course, you and your child will have to put in hours of research, meet the eligibility criteria, draft applications, send them out, follow up for confirmation of receipt, and submit a host of documents but you will find it is all worth it. The scholarship pay-out as the reward makes all the effort meaningful. Once your application is drafted, you can usually rework it slightly and apply to multiple colleges. So don’t shy away from the effort. You could save some serious money in the bargain. 8. Partial Funding Not all scholarships do not cover the cost of your entire study. This is one harsh truth of winning scholarships that people find out later in life most scholarships only cover a portion of your expenses. Some scholarships cover one-year tuition costs, some cover accommodation, and flight expenses while some may cover your books and research apparatus. Take the example of the Rhodes scholarship, it covers Oxford University course fees and gives an annual stipend. It does not cover the cost of your accommodation or living expenses.  While it would be great to win scholarships for study abroad, it is something you cannot count on. The parameters of the scholarships and academic and non-academic requirements of the universities are constantly being tweaked and upgraded. Keeping these variables in mind, it is important that you start saving for your child’s overseas education well in advance through various investment instruments. Some scholarships for Indian students Invest wisely and build an adequate education fund so that when your child finally does win the scholarship, it will be a delight and a bonus! You will have extra funds to use for other aspects of your child’s growth with what you would have saved. FAQs What should I do to win a scholarship?   To increase your chances of winning a scholarship, start by researching available scholarships and their eligibility criteria. Then, focus on maintaining a strong academic record, participating in extracurricular activities, volunteering, and writing compelling scholarship essays. Make certain that you meet all application deadlines and conditions.  Is it hard to get a scholarship in Canada?   Scholarships in Canada are available for both domestic and international students. The competitiveness of scholarships can vary, with some being highly competitive, while others are more accessible. To improve your chances, maintain good academic performance, research scholarship opportunities, and meet application requirements diligently.  Which scholarship has the highest amount?   The scholarship with the highest amount can vary significantly by country and institution. Prestigious international scholarships like the Rhodes Scholarship, Fulbright Scholarship, or Gates Cambridge Scholarship often offer substantial financial support for studies abroad. The specific amount can change from year to year.  Is there any chance to get a scholarship?  Yes, there are numerous scholarships available for various categories of students, including academic achievements, financial need, specific fields of study, and more. Your chances of getting a scholarship depend on your qualifications and how well you match the scholarship criteria. 

Scholarships and Bursaries are financial awards offered to students interested in pursuing their education. Various guidelines and conditions are attached to their application which makes them both similar and dissimilar to each other.  In this article, before discussing the differences between scholarships vs bursaries, let us go through the definitions of a bursary and scholarship to get a clearer picture of them.  What are Scholarships? Scholarships are non-repayable financial assistance offered to students to encourage talent. It can be both merit and need-based and is usually offered to a specific category of students. Scholarships are also country-based and are offered to students who want to study abroad in specific countries.  Scholarships cover educational costs (like tuition fees), and costs of living (like maintenance, accommodation, transportation, etc.).  What makes you an ideal candidate for a scholarship? Read More What are Bursaries? Bursaries are financial aid offered by colleges, universities, foundations, or governments to students for their education. These are meant for students who belong to low-income households and are unable to meet their educational expenses. Bursaries are need-based and not merit-based. It covers the living costs of the student in a specific year. Apply for Scholarship Key differences between Scholarships vs. Bursaries The key differences between scholarships vs. bursaries based on various parameters are as follows- 1. Financial status The financial status of a student is not necessarily taken into consideration while awarding the scholarships, whereas the opposite is true for a bursary as it is given to students facing financial difficulties in paying their education fees.  2. Purpose The purpose of the scholarship is to provide financial aid to students who are gifted in terms of talent or an area of expertise so that the funds can promote their education. The purpose of offering bursaries, on the other hand, is to offer financial support or monetary funds to students who are unable to pay their education fees.  Thus, the purpose of scholarships is to boost skills and bursaries are to avoid financial struggles.  3. Types There are different types of scholarships like merit-based scholarships, talent-based scholarships, and merit-cum-need based scholarships whereas bursaries are only need-based financial supports. 4. The offering Party The scholarships and bursaries are offered by schools, universities, governments, or third parties like a foundation. In the case of scholarships, the third party is usually interested in promoting talent, whereas, in the case of bursaries, it is to help the recipient avoid financial problems.  5. Offered to Scholarships are based on the academic performance of the student or achievements in specific categories like music, sports, etc., or based on need. Bursaries are offered only based on need so that the students can pay the education fees and continue with their studies.  6. Area of consideration The main area of consideration while awarding scholarships is the merit and skills of the student whereas the financial status is the primary area of consideration while offering a bursary.  7. Paying back Scholarships are non-refundable awards offered to students with exceptional talent. If the student does not agree to the terms and conditions of the offered scholarship then he has to pay back the money at a later period.  Some bursaries claim a specific percentage of the offered fund once the student gets a job and starts earning. If the student cannot complete the education or has to leave it midway he will have to pay back a specific percentage of the offered bursary that he has received for that specific year.  8. Related conditions Specific conditions are attached to both scholarships and bursaries and the students have to follow them at all costs. When the student is offered a bursary, he has to agree to work for the offering party for a specific time.  The primary condition of a scholarship is that the student will have to maintain exemplary grades. Only sometimes does the scholarship require the student to work for the organization offering the scholarship.  9. Benefits The benefits offered under scholarships vs. bursaries vary to a great extent. Scholarship often covers the entire or a part of tuition fees along with a discount on maintenance costs, transport expenses, and the cost of books. Bursaries on the other hand offer monetary aid to cover education expenses and sometimes include one-off payments for meeting living costs.  The education cost calculator on the EduFund App helps to get an estimate of the future education so that the student can know the scholarship or bursary amount that will be sufficient to meet his requirements.   FAQs What is a Scholarship? The scholarship is financial aid given to students mainly on academic merit. Sometimes, it is also given on the basis of gender, needs, field of study, race, or economic background. What is a Bursary? A bursary is an amount of money given to a student by an educational institution to pay for their studies. How often do I get a Bursary? Bursaries are usually offered to students for one academic year and they need to re-apply every year till they finish the duration of their studies. How many bursaries can I get? Some Bursaries cover tuition fees either fully or partially. Others might cover living costs and some might also provide assistance for a specific purpose, for example, to purchase expensive equipment required for your education. What is the difference between a Scholarship and a Bursary? The primary difference between a Scholarship and a Bursary is that a Scholarship is offered to students based on academic merit and Bursary is offered to students who need monetary assistance for their education.

Debt mutual funds make investments in fixed-income assets such as government securities, commercial paper, corporate bonds, and treasury bills, among others. Let’s examine the best debt investment options in India. What are debt mutual fund investments?  Debt mutual funds make investments in fixed interest-earning securities like certificates of deposits and treasury bills. A debt fund's principal goal is to build wealth by earning interest income and steadily increasing the invested capital. During the time that investors remain invested in the fund, the underlying assets produce a fixed rate of interest.  A debt fund's fund manager makes investments in assets depending on those assets' credit ratings. When debt security seems to have a better credit rating, it has a better possibility of making regular interest payments as well as principal repayments when the investment term expires. Additionally, the fund manager adjusts his investing strategy per the general changes in interest rates. Who should invest in the best debt mutual funds?  Investors who are risk-averse and not ready for equity exposure might choose debt funds. Debt funds generate wealth for investors with little to no risk. These funds are also focused on steady revenue. Debt funds are often held by investors for a short- to medium-term time horizon. Your investing horizon should be taken into consideration when selecting a debt fund.  For a short-term investor who often keeps their excess cash in a savings account, liquid funds might be a good option. Much like savings bank accounts, liquid funds allow withdrawals at any time and offer bigger returns in the amount of 7% to 9%. Dynamic bond funds can be the best choice if you ever need to ride the volatility of interest rates. With a medium-term investment horizon, these funds can provide more returns than a 5-year bank FD. Factors to consider for Investors  1. Fund goals Debt funds diversify their portfolio of different securities to maximize returns. They will behave predictably. Debt funds are available to conservative investors for this reason.  2. Fund Category  Further subcategories of debt funds include monthly income plans (MIPs), liquid funds, dynamic bond funds, fixed maturity plans (FMPs), GILT funds, income funds, credit opportunities funds, short-term funds, and ultra-short-term funds. 3. Risks Interest rate risk, credit risk, and liquidity risk are all factors that might affect debt funds. The movement in overall interest rates may cause changes in the fund's value. The issuer could miss a payment deadline for interest and principal. When there is no demand for the fund management to liquidate the underlying security, liquidity risk is there. 4. Cost To manage your investment, debt funds carry an expense ratio. No fund house may charge more than what the Securities and Exchange Board of India (SEBI) has determined as the maximum. 5. Investment Horizon For liquid funds, 3 months to a year investment horizon is suitable. You may want to look into short-term bond funds if you have a longer time horizon, like two to three years. 6. Financial Objectives Debt financing can be utilized for several purposes, including generating extra income or enhancing liquidity. Additional read: How does rating impact debt funds? How should best debt mutual funds be evaluated? 1. Fund returns Over the long term, such as three, five, or ten years, you need to search for stable returns. Select mutual funds that consistently outperformed benchmark and rival funds throughout a range of periods. To get results, keep in mind to evaluate the fund performance that corresponds to your investment horizon. 2. Funds history Select investment fund companies with a proven track record of reliable performance. Make sure they have a minimum of a five to ten-year history of reliability. 3. Expense ratio It displays the percentage of your money that is used to manage the fund. A larger take-home return results from a reduced spending ratio. Select a fund with a lower expense ratio that has the potential to perform better. 4. Financial ratios To analyze a fund, you can utilize financial ratios such as the standard deviation, Sharpe ratio, alpha, and beta. Compared to a fund with a lower beta and standard deviation, a greater beta and standard deviation fund are riskier. To find investments that offer larger returns for each additional unit of risk taken, search for funds that have a higher Sharpe ratio. Top 10 best debt mutual funds in India You must examine a fund from several angles before choosing it. The best debt funds can be found using a variety of quantitative and qualitative criteria depending on your needs. Your financial objectives, level of risk tolerance, and investment horizon should also be considered. Disclaimer: This is not investment advice. Please use it for education purposes only. Investing in debt funds can frequently become challenging. Before starting it’s always good to understand the financial risks and benefits involved in any investment. FAQs Which debt fund gives the highest return in India?   The return on debt funds in India can vary based on factors like interest rates and market conditions. It's challenging to pinpoint a specific fund that consistently offers the highest return, as returns fluctuate over time. Investors should consult with financial advisors and research different funds to make informed decisions.  Which type of debt fund should I invest in?   The choice of debt fund depends on your investment goals, risk tolerance, and investment horizon. Common options include liquid funds for short-term needs, ultra-short-term funds for slightly longer durations, and dynamic bond funds for more flexibility. Consult with a financial advisor to determine the most suitable debt fund for your specific requirements.  How can I get a 20 percent return on investment in India?   Achieving a consistent 20 percent return on investment in India can be challenging and typically involves higher risk. To pursue such returns, you may consider investing in equities or high-risk assets, but it's essential to have a well-structured investment plan and risk management strategy. For personalized advice, speak with a financial advisor.  Which type of debt funds give the highest return?   Debt funds' returns depend on various factors, including the type of bonds they invest in, their duration, and market conditions. Generally, longer-term and riskier debt funds, such as credit risk funds or long-term gilt funds, have the potential for higher returns but come with increased risk. 

When we talk about education inflation, most statistics focus on foreign education. Yet, with the privatization of schools in India and the competitive nature of local universities, education inflation is bourgeoning in India, too.   Education costs grew faster than the food and healthcare inflation between 2012 and 2020. While food and healthcare inflation rose at 9.62% and 8%, respectively, education inflation grew by 10% every year during the mentioned period.   This is extremely scary given the lack of awareness around education costs among parents. The scariest bit is that even the pandemic had no effect on the rising education costs. The cost of education grew both in India and abroad during and post the pandemic. According to a survey conducted by the Indian government, education inflation rose by 4.12% in India after the pandemic.  In countries like the UK and the US, education inflation rose to 10%, touching an all-time high. This has impacted the fee structures of colleges and living costs in these countries. According to a survey by The National Centre for Education Statistics, the average fee for a 4-year degree program in the US was around Rs.25,22,000 in 2010-2011 and it has increased to Rs. 29,91,000 for the year 2020-2021.  There is an assumption among parents that education costs can be taken care of when the child is ready for school or college. Unfortunately, that’s not the case. Here are a few examples of the increase in college education in India and abroad:   The tuition fees of undergraduate courses at (the Indian Institute of Technology) IITs doubled (from Rs.90,000 to Rs.2 lakhs) post the hard-hitting pandemic in 2021.   According to data from the Unified District Information System for Education, approximately 39% of students aged 20-24 dropped out of college to help their families increase their household income.   Many Australian universities increased their tuition fees for arts and humanities courses by 113% between 2020 and 2021.   The average cost of attending a four-year college or university in the US rose by 497% between 1985-1986 and 2017-2018 academic years, which is more than twice the rate of annual inflation in the same period.   Post the pandemic, many overseas universities hiked their college fees for 2022-2023.   The total cost of education for an undergraduate program at Harvard University for one academic year has increased from Rs.65,38,000 in 2021-2022 to Rs.68,15,000 in 2022-2023. Understanding the Phenomena of Education Inflation Read More What makes it worse is the many hidden charges that can push the education budget up further. Take, for instance, the cost of exam registration fees. It has seen an approximate 6.7% hike in the last year. The hike in the cost of transport, food, and student accommodation contributes to the overall increase in education costs.   The tuition fees of colleges in India have seen a major rise in the past few years. Here is some data on how course fees of specific courses may increase in the future based on the rise in fees over the past few years.  The cost of an MBA in 2020 was 31 lakhs; the estimated cost of an MBA in 2030 is 61 lakhs.     The cost of an MBBS in 2020 was 50 lakhs; the estimated cost of an MBBS in 2030 is 80 lakhs.     The cost of Engineering in 2020 was 16 lakhs; the estimated cost of Engineering in 2030 is 40 lakhs.     The cost of Hotel Management in 2020 was 2.4 lakhs; the estimated cost of Hotel Management in 2030 is 4.78 lakhs.  Important factors responsible for education inflation 1. The rising cost of amenities The hike in the cost of food, accommodation, transport, and other living expenses is crucial to the cost of education.   2. Increase in the number of educators As the number of universities and colleges grows by the day, the need for educators has increased too. This is another key factor in the rise in education costs.   3. The rise in demand for higher education Higher education is not an option anymore but a necessity. It plays a major role in an individual’s financial success and growth.   Given the education inflation, it’s imperative for parents to plan ahead and save for their child’s education. It’s the most effective way they can support their child’s dream by sending them to a quality university. FAQs What are the changes in the education system in India? Ans. Changes in the Indian education system have been ongoing and multifaceted. Some notable changes include the introduction of digital learning platforms, the emphasis on skill-based education, increased access to online education, and the revision of curriculum and examination patterns to reduce stress on students. What is the concept of the new education policy? Ans. The New Education Policy (NEP) is a comprehensive reform introduced in India. Its key concepts include the promotion of a multi-disciplinary and flexible curriculum, the establishment of a 5+3+3+4 school education structure, an emphasis on early childhood education, a focus on skill development and vocational training, and an increased use of technology in education. The NEP aims to transform the Indian education system to make it more inclusive and globally competitive. What are the educational trends? Ans. Educational trends in India include the rise of online and blended learning, a growing emphasis on STEM (Science, Technology, Engineering, and Mathematics) education, personalized learning through adaptive technology, a shift towards competency-based education, and an increased focus on holistic development, including mental health and well-being of students. What are the changes in education in India? Ans. Changes in education in India encompass various reforms and initiatives aimed at improving the quality and accessibility of education. These include the implementation of the National Education Policy (NEP), a focus on experiential learning, the promotion of vocational education, and efforts to bridge educational disparities. TALK TO AN EXPERT

Studying abroad is becoming the norm with thousands of Indian students applying to foreign universities every year. The reason behind the trend is better job opportunities, global exposure, and a chance to enter the international workforce. But studying abroad can be expensive, from tuition fees to living costs the expenses can pile up quickly and scare any parent. That is why here is a list of countries under 50 lakhs for your child’s master that you can consider!  1. Ireland  Ireland tops the list of countries under 50 lakhs for your child’s master. The country is home to some top-notch universities offering diverse programs, scholarships, and post-study work visas to earn back in Euros! Ireland offers incentives like shorter courses – one-year programs, flexibility in curriculum to take up part-time jobs, and placement opportunities. The cost of studying master's in Ireland can range from Rs. 30 – 45 lakhs, and students can opt for cheaper accommodation like homestays, shared rooms, and dorms to reduce living expenditure and work during free time to make up for the cost. There are many scholarships, fee waivers, and government incentives that can help your child stay within the budget even in a foreign country!  2. Singapore   Singapore is another brilliant destination to consider if your child is on a budget. The average cost of studying in the country is 50 to 55 lakhs. There are amazing part-time job opportunities to keep up with the living expenses of studying and living in the country. Singapore can be more expensive, especially when compared to other Asian countries. Singapore is a go-to place if your child wants to study STEM courses and build a career in a similar field. Another great incentive to apply to Singapore from India is that its top universities recognize popular entrance exams like JEE and GATE as a part of the application process!    3. Netherlands  The Netherlands is an unexplored destination and at the top of countries under 50 lakhs for your child’s masters! Higher education in the Netherlands is subsidized to make it affordable and accessible to a majority of students. The tuition fees vary based on the course your child chooses but the average cost of attendance is generally between Rs. 6 - 15 lakhs. The application process is simple and similar to the UK or USA registration process. The country is great if your child is on a budget, wants to explore different European countries while studying, and wants to send your child to a safe country.   Additional read: Can your child do an MBA in Canada for under 40 lakhs? 4. Germany Germany is famous for offering tuition-free college experience. While that may be true for some degrees and some qualified students, it is not uniform. Public universities charge mandatory semester fees (Rs. 8 to 30k) to students while private universities charge tuition fees that can go up to Rs 1 to 2 lakhs per semester. The monthly cost of studying in Germany is somewhere between Rs.60 to 70k depending on where your child is staying and their daily expenses. While Germany is not cheap, it is cheaper to pursue a master's in comparison to countries like the UK, USA, or Australia. 5. Hungary  Hungary is one of the countries under 50 lakhs for your child’s master. The country is home to nearly 35,600 international students and offers tuition fees in the range of Rs. 2 to 3 lakhs. Technical courses like Medicine and Engineering may cost more than the average tuition fees. The cost of living in the country is similar to that of Germany, it can cost anywhere between Rs. 60k to 70k to live in the country.      If you and your child are on a budget then these countries under 50 lakhs for masters are a great alternative. They offer quality education, quality life as well as global exposure. With saving and budgeting, you can easily take care of this cost and uplift your child’s future!  FAQs Which country is the cheapest to do a Master's for Indian students? There are some countries that are affordable for Indian students for masters such as Germany, Russia, Ukraine, Hungary, Netherlands, Singapore, Norway, and Ireland. Which country is the cheapest to study for international students? There are many countries that are considered cheap for international students. Some of them are Germany, Russia, Ukraine, Hungary, Netherlands, Singapore, Norway and Ireland. Can I study abroad for 20 lakhs? Yes, it is possible to study abroad in 20 lakhs. There are many post-diploma courses and short-term courses for 6 months or 1 year that can cover your fees and cost of living.

The news about education inflation rising in India is not new. Education inflation is a subset of inflation and can be cancerous for your child’s future. Let’s look at why is education inflation rising in India. https://www.youtube.com/shorts/jjXF-KC9iWI What is Education Inflation? Education inflation refers to the unexpected financial rise in the domain of education. The cost of education tends to rise by quite a large margin. The hidden charges associated with education add up to the overall expense. When we hear about inflation, we tend to think about the rise in the prices of fruits, fuel, daily supplies, and so on. But surprisingly, inflation in the field of education tops the chart. From the years 2012 to 2020, India experienced an enormous rise in the costs of education by 10%. Students and their parents are affected deeply by it because it creates a direct impact on the access to the quality of education that they are getting. If parents do not plan for it well in advance, they might have to face a major financial crisis when their child goes for higher education. https://www.youtube.com/watch?v=jPHG8h87Dzo Factors contributing to education inflation in India  1. Energy and Oil prices   The setback in terms of energy and oil prices due to global economic and political conditions has led to an acute increase in prices and contributed to the rising Inflation in countries like India that import oil. Inflation in April 2022 rose because of the sharp change in prices of crude petroleum, natural gas, mineral oils, and essential metals. They rose by 10.80% in April this year compared to 7.52% in March 2022.   Beating Inflation: Saving Tips Read More 2. Shaky geopolitical order  Rising Inflation in India is because of the disruption in the supply and demand chain as well as the geopolitical disorder caused by the Russia-Ukraine War. India imports items like sunflower oil and fertilizers from Ukraine. Due to trade cut-offs, the supply shortage for these commodities has led to a rise in demand.   What will be Education Inflation after 10 years? Read More 3. Fall of the rupee against the dollar  The rupee has depreciated against the US Dollar consistently. It saw its all-time low this year with a currency exchange rate of Rs. 79 to 1 dollar. The USD is growing stronger against major currencies in the world.  The reason why is education inflation rising in India 1. Increase in Tuition Fees    An increase in tuition fees of schools and colleges in India is the cause and reason for rising education inflation. These rising costs affect current and future students who wish to study at top universities. While scholarships, grants, financial aid, and education loans are great ways to combat the event, they might not be enough. A prompt education planning that understands the rate of inflation can help parents plan more efficiently!   The impact of high tuition fees can have dramatic effects – it can lead to students dropping out of college mid-day, taking on enormous education loans with high interest rates, and even forgoing colleges that may help them advance in their careers.  How to beat inflation by investing in Mutual Funds? Read More 2. Modern Infrastructure and maintenance  Most schools and colleges have modern infrastructure, facilities, research centers, and expensive equipment. Good universities provide recreational facilities such as a cricket ground, volleyball ground, indoor games room, auditorium, canteen, library, and so on. The construction and maintenance of all these resources require a lot of expenditure which is charged by the students. It also includes the campus fees which are used as an umbrella term. Furthermore, there are certain training and placement programs that are added to the tuition fees.  Certain subjects require laboratories where all types of equipment are provided to facilitate the research process. The campus is digitalized for a better technological experience and all the computers are connected with a proper internet connection. This also adds up to the overall expenditure on studying.   3. Higher cost of living  The standards of living of people have risen significantly. People want to live a better life with all the necessities and certain luxuries that they desire. Amidst all this, they spent a huge amount of money to satiate their wishes. Furthermore, proper investment is not done which later creates financial pressure. Parents must start some sort of savings or investment plan for their children to counter the ever-increasing rate of education inflation.  The expenses that are spent on measly stuff should be carefully monitored and invested elsewhere to generate a potential corpus for the future of your child.   4. Pandemic  The COVID pandemic has been a significant reason for the cause of the increase in education inflation. The economy of the country has been deeply hit which led to an increase in the cost of everything present around. In the year 2020 when the pandemic paved its way, all the schools were closed for more than a year. Also, classes were held in online mode.   The additional fees were not charged by some schools. Parents had to pay only the tuition fees. But after the pandemic got over and schools and colleges reopened, there was a drastic increase in the cost of education. Schools and colleges that tried to compensate for the loss caused during the pandemic were charged by the parents.   https://www.youtube.com/watch?v=v4gmR-U_vHA FAQs What is education inflation in India? Ans. Education inflation in India refers to the rising cost of education over time. It encompasses tuition fees, textbooks, school supplies, and other educational expenses. This phenomenon can outpace general inflation, making education less affordable for students and their families. What is the inflation rate of education in India? Ans. The inflation rate of education in India is subject to change and can vary across different states and educational institutions. To obtain the most accurate and up-to-date information, it's advisable to refer to government reports, academic institutions, or economic research agencies for specific data on education inflation in India. What is the inflation rate of education costs? Ans. The inflation rate of education costs varies by region and over time. It generally reflects the percentage increase in the overall cost of education expenses, including tuition, books, and other related costs. This rate can fluctuate and significantly affect a student's ability to afford education. How does inflation affect the education system? Ans. Inflation can negatively impact the education system by increasing the financial burden on students and their families. Rising costs for tuition, materials, and other educational expenses can make education less accessible, potentially limiting opportunities for individuals to pursue higher education and skill development.

Selecting the right board for your kid’s schooling is an important and life-changing decision. In India, there are many boards to choose from! There are IB, CBSE, and ICSE are known for offering English-medium instruction, great quality education along extra-curricular opportunities.  You can also send your child to State Boards where the medium of instruction is in the native state language. The plethora of options available can be confusing, here are some ways to List of Education Boards in India CBSE - Central Board of Secondary Education NOIS - National Institute of Open Schooling CISCE Council for the Indian School Certificate Examination UP Board - Board of High School and Intermediate Education Uttar Pradesh JKBOSE - Jammu and Kashmir State Board of School Education RBSE - Board of Secondary Education Rajasthan HPBOSE - Himachal Pradesh Board of School Education MPBSE - Madhya Pradesh Board of Secondary Education CGBSE - Chhattisgarh Board of Secondary Education PSEB – Punjab School Education Board HBSE - Haryana Board of School Education BSEB - Bihar School Examination Board GSEB - Gujarat Secondary and Higher Secondary Education Board MSBSHSE – Maharashtra State Board Of Secondary and Higher Secondary Education BIEAP - Andhra Pradesh Board of Intermediate Education BSEAP - Andhra Pradesh Board of Secondary Education WBBSE - West Bengal Board of Secondary Education WBCHSE - West Bengal Council of Higher Secondary Education Tips to choose the right board for child schooling 1. Understand your child’s preferences  Before you select the right board, try to understand your child’s persona. Figure out your child’s interests. Are they academically inclined or interested in sports art or theatre? Most parents force their preferences on the child which may create unnecessary pressure on your child later in life. Knowing their interests and preferences can help you shortlist and select the right board for them. Top Education Boards in India. How to Choose the Right One? Read More 2. Costs involved  Before admitting your child to a specific board, you should consider factors associated with cost. Different boards in India have different costs. For instance, the average fee structure of CBSE annually is between INR 40000 to INR 80000. On the contrary, the average fee structure of the ICSE board is between INR 65000 to INR 90000. Hence, you have to carefully select between boards to check the right expenses.  3. Location of the school  In India, education is the cornerstone of development. A school that is located at a good site allows your child to learn things harmoniously. You should always choose a school that is located near your house Do you know that the school location is the second teacher for your child? The proper location of the school has the power to organize and promote pleasant relationships. A school located nearby drastically decreases your child’s transport fees. You don't have to pay expenses in the form of bus fares and pooling cars. If the travel time to school is longer, your child may feel tired. This will increase their stress and fatigue at the end of the day.  4. University preparedness  You should select a school affiliated with an educational board that best prepares your child for future career prospects. There are boards that design curricula based on your child’s university preparedness. Parents should understand that the initial years of their child’s growth are very crucial. You should enroll your child in a school affiliated with a board that offers universal education. With universal education, your child can achieve good grades when they study in foreign universities.  5. Curriculum and co-curricular activities  Largely, a good school stands apart because of its curriculum. The most common curriculum choices today are those created by various state boards, ICSE, and CBSE. The depth and breadth of the curriculum along with the teaching methodology influence the future success of your child.  For instance, if you have already made up your mind to send your child to the US and save funds for the same, you might want to consider a US-recognized curriculum. That’s why you need to conduct extensive research into the curriculum of the school.  6. Pedagogical methods  Parents typically think that the pedagogical methods deployed by teachers are influenced by school authorities. However, this is not true, as the board has the final say on the teaching style of the teacher.  FAQs Which board is best for children's education? Some of the most popular boards and most wanted boards by parents in India for their child's education are the Central Board of Secondary Education (CBSE) and the Indian Certificate of Secondary Education (ICSE). Which is better CBSE or ICSE best? ICSE and CBSE are the most popular boards in India. They are recognized by universities and colleges across the globe. CBSE is considered better because a majority of schools in India offer it at an affordable price, they are also widely recognized and preferred by most Indian universities and colleges. School kids preparing for JEE, NEET, and other national entrance exams prefer CBSE because there is a lot of commonality in terms of syllabus and exam pattern. Which board is best for the future? There are many education boards in India. Some of the most common are CBSE, IB, ICSE, and state boards. Amongst these CBSE is the most preferred choice for parents. Should I put my child in CBSE or ICSE? CBSE is widely available in India. The coursework and syllabus are less competitive and difficult when compared to ICSE, IB, or state boards. ICSE and IB board can help your child set a strong foundation for foreign studies and communication in the future.

Allocating funds to assets to improve your future is known as investing. Investments are undertaken to produce returns, which increase the initial amount invested. Top 7 types of investment options available in India There are many different investment options available to you. However, you must be sure that you are only investing in options that match your risk tolerance and fulfill your needs. 1. Direct Equity The most successful investment vehicle is probably direct equity, sometimes known as stock investing. Purchasing stock in a firm entitles you to a part of that business. The expansion and improvement of the business are directly financed by you. To profit from your investment, you must have enough time and market understanding. Stocks are made available by publicly traded firms through recognized stock exchanges. The best investments for the long run are stocks. Due to the impact of various economic and commercial factors on equities, you must actively manage your investments. Additionally, you must be aware that the returns are not ensured and be prepared to accept the risks involved. Benefits and Types of Equity Mutual Funds Read More 2. Mutual Funds The last few decades have seen the development of mutual funds. A mutual fund pools investments from different institutional and individual participants who share the same investment goal. A financial expert known as the fund manager oversees the pooled funds and makes investments in securities and other assets to maximize returns for investors. Equity, debt, and hybrid funds are the three main categories of mutual funds. Debt mutual funds invest in bonds and papers, whereas equity mutual funds invest in stocks and instruments relating to the stock market. Equities and debt instruments are both invested in by hybrid funds. Mutual funds are adjustable investment products that allow you to start and stop investing whenever you like. Since the fund manager takes care of everything, investing in mutual funds doesn't require much time or expertise. To invest in mutual funds, all you need to do is invest and the fund manager will take care of the portfolio construction. However, it is advised to only invest in funds whose risk profiles and goals align with your own. Returns are not guaranteed because they are based on market fluctuations. Please take note that a fund's previous performance does not guarantee future results. Start Investing in Mutual Funds 3. Recurring Deposits Recurring Deposit (RD) enables investors to make a fixed monthly investment and receive a fixed rate of interest. RDs are available through bank and post office branches. An RD enables investors to make small monthly investments to build capital over a predetermined time. RDs provide total capital protection in addition to returns that are ensured. 4. Fixed Deposits FDs are a type of investment that banks and other financial institutions offer. You deposit a sum of money for a set period and receive a fixed rate of interest. Fixed deposits, as opposed to mutual funds and stocks, provide total capital protection and guaranteed returns. However, since the returns stay the same, you make a compromise. The interest rate on fixed deposits varies based on the state of the economy and is set by the banks per the RBI's policy review decisions. Although fixed deposits are traditionally locked-in investments, investors are frequently permitted to use them as collateral for loans or overdraft facilities. There is also a fixed deposit with tax benefits that has a 5-year lock-in. 5. Employee Provident Fund One of the retirement-focused investment vehicles is the EPF, which enables salaried people to benefit from a tax credit under Section 80C of the Income Tax Act of 1961. EPF deductions are normally made as a percentage of an employee's monthly pay, and the employer also contributes an equal amount. The EPF withdrawal corpus is completely tax-free once it matures. Each quarter, the Indian government also sets the EPF rates and offers a guarantee on your EPF deposits. You should be aware that your EPF account matures only after you reach retirement and that you may only access your assets in the EPF if you meet certain requirements. 6. Public Provident Fund PPF is a 15-year lock-in investment vehicle that offers long-term tax savings. The Indian government is the one who is offering it, and the government guarantees back your money. The Indian government reviews the PPF interest rate every three months. After 15 years, the investor can withdraw the full corpus completely tax-free. PPF permits partial withdrawals and loans as well, provided a few requirements are satisfied. If certain requirements are met, premature withdrawals are allowed, and when your investment reaches maturity, you can prolong it for an additional 5 years. 7. National Pension System A relatively recent investment option for reducing taxes is the National Pension System (NPS). Investors who subscribe to the NPS plan must remain locked in until retirement and can expect larger returns than those from PPF or EPF. This is so because the NPS provides plan options that also invest in stocks. A portion of the NPS maturity corpus, which is not tax-free, must be used to buy an annuity that will provide the investor with a regular pension. Only 40% of the total accumulated corpus may be withdrawn as a lump sum; the remainder is invested in an annuity plan. There are some government personnel who must subscribe to NPS. FAQs What are the 3 main types of investments? Stocks, bonds, and real estate are the three basic types of investments. Stocks represent ownership in a company, bonds are debt securities, and real estate involves owning property for potential income or capital appreciation. What are the six types of investments? The six types of investments encompass stocks, bonds, real estate, mutual funds, commodities (e.g., gold or oil), and alternative investments (e.g., hedge funds or cryptocurrencies). Each type offers varying levels of risk and potential returns, catering to different investment goals and preferences. What is investment and its types? Investment refers to the allocation of capital with the expectation of generating a return or profit over time. Types of investments include financial assets like stocks and bonds, tangible assets like real estate, and alternative investments like commodities or cryptocurrencies. Conclusion You should carefully select investments after conducting a thorough study. Avoid falling into schemes that promise big profits quickly, and always periodically evaluate your mutual fund and stock investments. Take into account the tax consequences of the investment returns you receive. Maintain simplicity and stay away from complex assets that you are unfamiliar with. If you have any questions or need any advice, our team of expert financial advisors is always available to you.

Australia is a well-liked study abroad location since it offers some of the greatest programs and the most prolonged work permit for international students. While tuition fees and cost of living are obvious costs, there is a host of hidden costs of sending your child to Australia that you may have missed. Let’s find out the invisible costs of studying in Australia! https://www.youtube.com/watch?v=MwQWKYxxJ8o Cost of Education in Australia Most of the cost of studying abroad is tuition fees. According to our college cost calculator, the average tuition for an undergraduate degree in Australia ranges from 70 to 96 lakhs. Several factors, such as the chosen subject, degree program, university type, etc., affect the cost of attending an Australian university. Australia is less expensive to study abroad for a bachelor's degree because it provides a range of scholarship options for international students who may have financial difficulties. But there are some hidden costs such as flights, security deposits on a flat, visa applications, mandatory health insurance, and much more that most parents do not account for when budgeting for their child’s bachelor's or master’s in Australia. How to plan a child's bachelor's in Australia? Read More 5 hidden Costs for Indian Students in Australia From visa application fees to mandatory health insurance, flights, and accommodation; there are several invisible costs you have to pay while planning your child’s future education in Australia. While parents focus on tuition fees and general living costs, they often miss out on these expenses! 1. Visa Application Fees Students frequently apply on their own for a Student Subclass 500 visa. This is essential information for students who enroll in undergraduate or graduate programs at an educational institution. A visa application fee for students is approximately ₹34,500. 2. Insurance for health The Department of Immigration and Citizenship has mandated that your child gets an Overseas Student Health Cover (OSHC) as a requirement of their visa application procedure. An individual's annual health insurance premiums typically range between ₹40 - ₹45,000. It is available for private or institutional purchase. One is solely responsible for keeping the policy up to date. 3. College application fee When submitting their application forms, students must pay a non-refundable application fee. The price will change based on the university. The majority of application fees, however, fall between ₹2,700 - ₹5,500. 4. Entrance Exams  Depending on the chosen program's requirements, students must take and pass a few exams if the institute asks for them. ExaminationsExam FeesIELTS₹15,500TOEFL₹14,200GRE₹17,000GMAT₹20,000 5. Flight tickets One-way fare can be around ₹50,000 - ₹1 lakh. Your child must also have the money for a return flight per the rules when applying for an Australian visa. This amount may vary depending on the type of journey taken, the airline chosen, the booking dates, the location from which they’re departing, etc.  Tuition Costs of Studying in Australia Let us take a look at the cost of education in Australia at different levels. This is a broad format and does not include expensive medical and veterinary courses.  Undergraduate Bachelor Degree - AUD 20,000 - 45,000$ (INR 10,65,000 - 23,96,000) Postgraduate Master’s Degree - AUD 22,000 - 50,000$ (INR 11,71,000 - 26,63,000) Doctoral Degree - AUD 18,000 - 42,000$ (INR 9,58,000 - 22,37,000) Vocational Education and Training - AUD 4,000 - 22,000$ (INR 2,13,000 - 11,71,000) English Language Studies - AUD 300 per week (INR 15,978) Here’s a list of some of the top universities, their popular courses and fees 1. Australian National University Top Courses Bachelor of Philosophy (Hons) Science Master of Applied Data Analytics Master of Museum & Heritage Studies Master of Engineering in Electrical Engineering Annual Fees (in AUD): $ 46,000 - $ 48,000 (INR 24,50,059 - INR 25,56,000) 2. The University of Melbourne Top Courses Bachelor of Agriculture Master of Architectural Engineering Master of Business Analytics Annual Fees (in AUD) $ 45,000 - $ 89,000 (INR 23,96,000 - INR 47,40,000) 3. The University of Sydney Top Courses MBA Master of Engineering (Software Engineering) Bachelor of Science (Health) Bachelor of Economics  Annual Fees (in AUD): $ 50,000 - $ 54,000 (INR 26,63,000 - INR 28,76,000) 4. The University of New South Wales (UNSW) Top Courses Master of Mining Engineering Bachelor of Science (Advanced Mathematics) Bachelor of Engineering (Hons) Mechanical Bachelor of Engineering (Mechanical & Manufacturing) Annual Fees (in AUD): $ 47,000 - $ 66,000 (INR 25,00,000 - INR 35,00,000) 5. The University of Queensland Top Courses Master of Tourism, Hotel & Event Management Bachelor of Health, Sport & Physical Education Annual Fees (in AUD): $ 45,120 - $ 47,000 (INR 24,00,000 - INR 25,00,000)  6. Monash University Top Courses Bachelor of Architectural Design Master of Information Technology Master of Data Science Master of Advanced Nursing Annual Fees (in AUD): $ 37,000 - $ 45,000 (INR 19,70,000 - 23,96,000) 7. The University of Western Australia (UWA) Top Courses Master of Professional Engineering Master of Biological Science & Master of Biotechnology Bachelor of Marine Sciences Annual Fees (in AUD): $ 9000 (INR 4,79,000) 8. The University of Adelaide Top Courses Master of Engineering (Mining) Master of Petroleum Engineering Bachelor of Oral Health Bachelor of Nursing Annual Fees (in AUD): $ 45,000 - $ 48,000 (INR 23,96,000 - INR 25,56,000) 9. University of Technology Sydney Top Courses Bachelor of Business Bachelor of Economics Bachelor of Accounting Master of Artificial Intelligence Master of Physiotherapy Annual Fees (in AUD): $ 1,256 per credit (INR 66,000) 10. University of Wollongong (UOW) Top Courses Bachelor of Science (Chemistry) Bachelor of Mathematics Bachelor of Computer Science Master of Public Health Master of Psychology MBA Annual Fees (in AUD): $ 14,000 - $ 16,000 per semester (INR 7,44,000 - INR 8,51,000) Cost of Living in Australia The cost of living in Australia for international students will depend on various factors such as location of accommodation, food, commuting options, lifestyle habits, etc.  However, on average, the annual cost of living in Australia is: AUD 35,000 (INR 18,62,000)  Includes: Accommodation, Grocery, Transport. Internet, leisure, and miscellaneous expenses.  Below is an approximate break-up. Accommodation Costs in Australia Hostels & Guesthouses - AUD 90 - 150 per week (INR 4,700 - INR 7,900) Shared Rental - AUD 95 - 125 per week (INR 5,000 - INR 6,600) On-campus - AUD 110 - 280 per week (INR 5,800 - INR 14,800) Homestay - AUD 235 - 325 per week (INR 12,500 - INR 17,200) Rental - AUD 185 - 440 per week (INR 9,800 - INR 23,400) Boarding schools - AUD 11,000 - 22,000 a year (INR 5,85,000 - INR 11,70,000)  Other Living Costs Groceries and eating out - AUD 140 - 280 per week (INR 7,400 - INR 14,800) Gas, Electricity - AUD 10 - 20 per week (INR 500 - INR 1064) Phone and Internet - AUD 15 - 30 per week (INR 700 - INR 1500) Public Transport - AUD 30 - 60 per week (INR 1500 - INR 3000) Car (if purchased) - AUD 150 - 260 per week (INR 7900 - INR 13,800) Entertainment - AUD 80 - 150 per week (INR 4,200 - INR 7900) FAQs What is the average cost of studying in Australia? The cost of studying in Australia will depend on the choice of your course and the college you select. Other than tuition fees, one needs to calculate the cost of living to get an approximate expense. What are the average tuition fees for courses in Australia? The average tuition fee for undergraduate courses is between AUD 20,000 - 45,000 (INR 10,65,000 - INR 23,96,000)The average tuition fee for postgraduate courses is between AUD 22,000 - 50,000 (INR 11,71,000 - INR 26,63,000) Do undergraduate and postgraduate courses have different fee structures? Yes, both have different fee structures and will depend upon the choice and duration of your course, credit completion numbers, and availability of scholarships.  Consult an expert advisor to get the right plan TALK TO AN EXPERT

Should your child opt for Health Insurance while studying abroad? Health insurance is a mandatory requirement for many colleges abroad. Every student planning to study in Australia requires a health plan to get student visa approval. But what is health insurance? Health insurance pays for doctors and additional medical expenses if you fall sick or injured. It can provide you with a financial backup in case of medical emergencies. What is Student Health Insurance? Student Health Insurance is similar to a medical insurance plan that we create for medical emergencies. It is specifically designed for students pursuing their international education and offers financial security to students in case of any medical emergency. Contrary to the belief that student health insurance is expensive, it is quite affordable and can be customized to your budget and needs. It offers a variety of benefits and covers various pre and post-hospitalization costs.  What are the benefits of Student Health Insurance? Option to customize your plan according to your needs and college requirements.  Access to top medical facilities  Access to an extensive range of hospitals and instant cashless claim settlements. Option to select an extended 2-year health insurance covering the entire period of studies.  Easy online renewals for up to 3 months without waiting for policy expiration. No health check-up is required to apply.  Features of Student Health Insurance Plan Let’s look at the features of the Student Health Insurance Plan.  Hospitalization Coverage: Some hospitals offer pre and post-hospitalization costs of up to INR 50,000 in case of any untoward accident.  Comprehensive package: You get a high coverage limit of up to INR 1,00,000 at a nominal price when you buy insurance.  Education Coverage: In the event that the parent who was funding the child’s education passes away in an accident, the policy will cover the expenses of the education. This feature is of utmost importance considering the unpredictable situations in life, especially after COVID-19.  Multiple Payment Options: You get multiple options to pay for your child’s health insurance. For example online account transfer, UPI, mobile wallets, debit card, credit card, etc.  Let’s take a look at what is included and excluded in a Student Health Insurance Plan.  Inclusions Pre and Post hospitalization expenses in case a student meets with an accident. Covers Out Patient Department (OPD) expenses which are restricted to fractures, dislocation of bones, and contused lacerated wounds.  In the event of the accidental death of the earning parent, the policy pays a substantial amount to the college/ institution ensuring continuity of the child’s education.  Exclusions The policy does not cover the treatment of sexually transmitted diseases such as HIV, or AIDS.  Pre and Postnatal care and sports injuries are not covered in the policy.  Some plans do not cover dental and vision treatments. Treatment of pre-existing illnesses and self-inflicting injuries are not covered in the policy.  How to apply for Student Health Insurance? For students studying in Canada, they can either take private insurance or their school/ institution provides insurance to cover their study period.  The Australian government has designed Overseas Student Health Cover (OSHC) for international students to cover their medical and hospital care while studying in Australia. These are provided to students who don't have access to Australian Public Health Care - Medicare.  There are 4 easy steps to get an insurance plan.  Fill out the application form on the insurer’s website. Upload the required documents. Pay the premium amount online. Download the insurance policy instantly.  How to claim Student Health Insurance? Claiming a Student Health Insurance is hassle-free as well.  Register your claim with your insurer Upload the supporting documents or medical bills.  The insurer will assess your claim. It usually takes some time to decide on your application and you can either check it online or contact your insurer for an update. Why student health insurance is essential for your child studying abroad? 1. Pays for medical emergencies  Medical treatments in foreign nations can be expensive. Apart from the cost of education, you have to bear the burden of paying for your child’s medical expenses. With a health insurance plan in place, there is no need to worry about expensive medical treatments. Even something as minor as a chipped tooth can add hundreds of dollars to the bill in countries like the USA or Canada. Thus, having proper health insurance will help your child tackle medical emergencies effectively without hurting your pockets.  2. Get financial protection from unexpected situations  Parents typically think that the premium of health insurance is an additional expense when their child studies abroad. However, in exchange for the premium, the insurance company pays for all the medical expenses. In simple words, your child is better protected from unnecessary costs with health insurance. Moreover, with health insurance, your child will get timely access to quality healthcare. There is no need to defer treatment when your child has a proper health insurance plan.  3. Get access to additional coverages  Most health insurance plans for students studying abroad offer additional coverage. Hence, your child insured by a health insurance plan will get extra coverage. For instance, they will get coverage for lost luggage, political evacuation, personal liability, etc. In most cases, your child will get financial assistance for lost passports. You should always ensure that your child is insured by a proper health plan to guard against unforeseen situations in a foreign land.  How Single Parents Can Plan Finances? Read More How to choose the best health insurance plan? Before selecting a particular policy, you should consider the scope of coverage offered by the insurance provider. This should include a waiver of tuition fees in case of long-term absence emanating from medical conditions and expenses due to unforeseen situations.  With a proper health insurance plan for your child, you’ll be able to retain your saving-corpus during any emergency. Here are some ways in which you can select the best health insurance for your child studying abroad:  1. Network Hospital  Insurance agencies offer cashless hospitalization in case your child gets admitted to any of the listed network hospitals. Hence, before applying for the health insurance plan, thoroughly check with the insurance company.  Check whether they provide cashless hospitalization in the country where your child will study. In most cases, it is always advisable to opt for a health insurance policy where the insurance company has a vast chain of networked hospitals in many foreign countries. During any type of medical emergency, it will be easier for your child to get the right treatment.   2. Waiting periods  No doubt, waiting for something is stressful. And when the context is about waiting for the benefits of a student health insurance plan, it can be annoying for your child. Note that all student health insurance policies have a specific waiting period.  The waiting period is the prohibited time when your child cannot claim any benefits. In this period, the insurer won’t settle the claim filed by your child. For instance, the initial waiting period gets activated after thirty or sixty days once you buy the insurance plan.  In this time period, your child cannot file claims, except for accidents. Hence, while choosing an insurance coverage plan for your child studying abroad, always consider the waiting period.  3. Know the sub-limits of the health insurance plan  While opting for a health insurance plan for your child studying abroad, always be aware of the sub-limits. Sub-limits are conditions where the insurer won’t offer complete coverage.  It implies that the insurer will cover expenses only up to a specific limit and the amount above this limit shall be paid by you or your child. If you don’t want your child to have unpleasant surprises while studying in a foreign land, always opt for health insurance that doesn’t contain sub-limits.  FAQs How to get Health Insurance from abroad for my child’s international education? Insurance policies cost 5 to 6 times more if purchased from abroad. They cost much cheaper in India. What is the minimum age requirement for Student Health Insurance in India? The age is generally around 18 years, however, it will depend on the insurance service provider. Can students claim Tax benefits for Student Health Insurance premiums? Yes, students can claim tax benefits under Section 80D of the Income Tax Act. Is Student Health Insurance mandatory? Yes, since it is a prerequisite in many universities. How much does a Student Health Insurance Policy cost? A Student Health Insurance in India for INR 5,00,000 coverage will cost you approximately Rs. 447 per month. The amount varies with different insurance service providers.

Investing in mutual funds is a smart way to grow your wealth and potentially beat the rising costs of college education. With a variety of top mutual funds available, it's important to choose the ones that align with your financial goals and risk tolerance. In this guide, we'll explore the top mutual funds for different investment needs, from long-term growth and SIP to high returns and dividends. We'll also answer common questions about the safety of mutual funds and how they compare to fixed deposits (FD). Top Mutual Funds to Invest Here are some of the best mutual funds to invest in 2023 for your kid’s future. Top Mutual Funds to invest in 2023Sr. No.CategoryScheme Name1Large CapCanara Robeco Bluechip Equity Fund2Mid CapAxis Mid Cap Fund3Small CapSBI Small Cap Fund4Small CapTata Small Cap Fund5Large and Mid-CapKotak Equity Opportunities Fund6Flexi CapHDFC Focused 30 Fund7Multi CapHDFC Multi Cap Fund8Aggressive HybridSBI Equity Hybrid Fund9Conservative HybridICICI Prudential Regular Savings Fund10Dynamic Asset AllocationHDFC Balanced Advantage Fund Important Note: This is not investment advice. Please do not invest in these mutual funds without proper financial consultation and review. Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. Start Investing in Mutual Funds Top Mutual Funds for SIP (Systematic Investment Plan) These are some of the top mutual funds for SIP in 2023 to consider for your kid’s future college fund: 1. HDFC Equity Fund Category: Equity Large Cap SIP Returns: This fund has a strong track record of delivering consistent returns over the long term. 2. Mirae Asset Emerging Bluechip Fund Category: Equity Mid Cap SIP Returns: Known for its potential to generate high returns over time, ideal for those with a longer investment horizon.Note: This is not an investment advisor. Please consult your financial advisor before investing in mutual funds. Mutual funds are subject to market risks. Read all scheme-related documents carefully.                               Top Mutual Funds High ReturnsSr. No.CategoryScheme Name1Small CapNippon India Small Cap Fund2Small CapAxis Small Cap Fund3Small CapTata Small Cap Fund4Mid CapPGIM India Mid Cap Opportunities Fund5Mid CapKotak Emerging Equity Fund6Mid CapSBI Magnum Midcap Fund7Flexi CapParag Parikh Flexi Cap Fund8Flexi CapCanara Robeco Flexi Cap Fund9ContraSBI Contra Fund10ValueICICI Prudential Value Discovery Fund Important Note: This is not investment advice. Please do not invest in these mutual funds without proper financial consultation and review. Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. Top Mutual Funds for High Returns  These are some top mutual funds for higher returns that parents can use to pay for their child’s future college plans. Remember staying invested for a long time can help you yield higher returns. 1. Aditya Birla Sun Life Small & Midcap Fund Category: Equity Small Cap High Returns: This fund has historically provided high returns, but it comes with higher volatility. 2. Axis Long-Term Equity Fund Category: Equity ELSS (Tax-saving) High Returns: Offers the dual benefit of potentially high returns and tax savings under Section 80C.Note: This is not an investment advisor. Please consult your financial advisor before investing in mutual funds. Mutual funds are subject to market risks. Read all scheme-related documents carefully. Top Mutual Funds with DividendsSr. No.CategoryScheme Name1Dividend Yield FundAditya Birla Sun Life Dividend Yield Fund2Dividend Yield FundHDFC Dividend Yield Fund3Dividend Yield FundICICI Prudential Dividend Yield Equity Fund4Dividend Yield FundLIC MF Dividend Yield Fund5Dividend Yield FundSBI Dividend Yield Fund6Dividend Yield FundSundaram Dividend Yield Fund7Dividend Yield FundTata Dividend Yield Fund8Dividend Yield FundTempleton India Equity Income Fund9Dividend Yield FundUTI Dividend Yield Fund Important Note: This is not investment advice. Please do not invest in these mutual funds without proper financial consultation and review. Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. Top Mutual Funds with Dividends Consider these top mutual funds that offer dividends to their investors 1. ICICI Prudential Dividend Yield Equity Fund Category: Equity Dividend Yield Dividend Focus: Seeks to provide regular dividends while aiming for capital appreciation. 2. Franklin India Equity Hybrid Fund Category: Hybrid Equity-oriented Dividend Focus: Balances equity and debt investments, making it suitable for regular income.Note: This is not an investment advisor. Please consult your financial advisor before investing in mutual funds. Mutual funds are subject to market risks. Read all scheme-related documents carefully. Top Mutual Funds for Long-Term Investment 1. SBI Bluechip Fund Category: Equity Large Cap Long-Term Potential: Known for its stability and potential for wealth creation over the long haul. 2. Kotak Standard Multicap Fund Category: Equity Multicap Long-Term Potential: Offers flexibility to invest across market caps for sustained growth. Note: This is not an investment advisor. Please consult your financial advisor before investing in mutual funds. Mutual funds are subject to market risks. Read all scheme-related documents carefully. Top Mutual Funds to invest in short termSr. No.CategoryScheme Name1Short DurationTop Mutual Funds to Invest in short term2Dynamic BondICICI Prudential All Seasons Bond Fund3Dynamic BondAditya Birla Sun Life Dynamic Bond Fund4Dynamic BondSBI Dynamic Bond Fund5Dynamic BondUTI Dynamic Bond Fund6Corporate Bond FundICICI Prudential Corporate Bond Fund7Corporate Bond FundNippon India Corporate Bond Fund8Money MarketTata Money Market Fund9Liquid FundAditya Birla Sun Life Liquid Fund10Liquid FundUTI Liquid Cash Fund Note: This is not investment advice. Please consult your financial advisor before investing in mutual funds. Mutual funds are subject to market risks. Read all scheme-related documents carefully. Top Mutual Funds for Short-Term Investment  These are some of the best mutual funds for short-term investment that parents can consider for your kid’s future college plans.  1. UTI Banking & PSU Debt Fund Category: Debt Banking & PSU Short-Term Stability: Suitable for conservative investors seeking stable returns in the short term. 2. IDFC Banking & PSU Debt Fund Category: Debt Banking & PSU Short-Term Stability: Focuses on safety and liquidity, making it ideal for short-term parking of funds.Note: This is not investment advice. Please consult your financial advisor before investing in mutual funds. Mutual funds are subject to market risks. Read all scheme-related documents carefully. FAQs Are Mutual Funds 100% Safe? Mutual funds are not risk-free. They are subject to market fluctuations, and the returns are not guaranteed. However, investing in diversified funds with a long-term horizon can mitigate risks. Are Mutual Funds Safer than FDs? Mutual funds and fixed deposits serve different purposes. FDs are considered safer but offer lower returns, while mutual funds have the potential for higher returns but come with market-related risks. What Are the Top Mutual Funds to Invest in 2023? The top mutual funds for 2023 depend on your financial goals and risk tolerance. Consider consulting a financial advisor to choose the right funds for your specific needs. Thus, to beat the rising costs of college education, investing in mutual funds can be a viable strategy. Provide your child with a better future by choosing the right mutual fund. Choose funds that align with your investment horizon and risk tolerance, and consider a diversified portfolio for better risk management. Keep in mind that mutual funds carry some level of risk, so it's essential to invest wisely and for the long term.

Before enrolling at an IIM, students need to know about the cost of studying in IIMs beforehand to take appropriate steps to arrange the college fees. As education inflation has reached its peak, the cost of educational expenses is also on the higher side. What are IIMs? The Indian Institutes of Management, commonly referred to as IIM, is a public business school owned by the central government of India. The IIMs offer several study courses like MBA Executive, doctoral, postgraduate, and undergraduate, as well as business administration-related additional courses.  The flagship program of IIM is the MBA or Master of Business Administration program, which is offered as a one-year global MBA program or a two-year Postgraduate Program in Management (PGP).  Create Education Goal to Study in IIM Average Cost of Studying in IIMs There are several IIMs in India, the prominent three being IIM Ahmedabad, IIM Bangalore, and IIM Calcutta also referred to as IIM-A, IIM-B, and IIM-C, respectively. The MBA fee structure of all the IIMs varies between INR 16 Lakh and INR 27 Lakh.  The IIM MBA fees for the top three institutes are the highest and range between INR 24 Lakhs and INR 27 Lakhs, and for newly opened institutes, the fee varies between INR 16 Lakhs to INR 19 Lakhs.  There is a distinct difference between the fee structure of older and newly built IIMs because the new IIMs are financially backed by the government, unlike the older ones, which bear the maintenance and other expenses by themselves. Components of MBA Fees: IIM Fee Structure The IIM fee structure includes Tuition fees Traveling expenses Boarding fees Personal expenses Library fees Cost of Eating in the Mess  Internet expenses Cost of books and course materials Computer/laptop cost Study tours Alum activity Miscellaneous expenses Students can pay the total fees at one go or opt for a semester-wise payment schedule, whichever they find comfortable. Cost of studying in Top 10 IIMs IIM CampusTotal Tuition FeesIIM AhmedabadINR 24.61 lakhIIM BangaloreINR 24.50 lakhIIM CalcuttaINR 25.00 lakhIIM LucknowINR 20.70 lakhIIM KozhikodeINR 20.50 lakhIIM RaipurINR 16.10 lakh (excluding boarding fees)IIM UdaipurINR 19.00 lakhIIM RohtakINR 17.60 lakhVisakhapatnamINR 17.58 lakhIIM TrichyINR 19.5 lakh An overview of the top 3 IIMs  1. IIM Ahmedabad  IIM Ahmedabad is the country's most popular and most expensive IIM, offering Business & Management Studies. The institute offers several facilities like a hostel, library, cafeteria, labs, gym, music room, wi-fi campus, auditorium, medical facilities, sports complex, and a/c classroom.  The total tuition fee structure for the different courses is. CourseTotal Tuition FeesDurationMBA/PGDM (3 courses – 50 seats)INR 12 lakh - INR 24.61 lakhFor 16 months – 2 yearsExecutive MBA/PGDM (1 course – 140 seats)INR 31.5 Lakh 1 yearMMS (1 course)INR 20 lakh2 yearsCertificate (2 courses – 60 seats)INR 1.57 lakh4 – 6 months 2. IIM Bangalore Established in 1973 with NIRF ranking two and a 100-acre campus area, the IIM fee structure covers fees for personal accident insurance and medical insurance besides the regular fee structure offered by almost all the IIMs. Statistics of Bangalore placement 2022 show that 137 companies visited the campus and made 662 offers. The median and average package offered was INR 31.20 lakh per annum and INR 33.82 lakh per annum, respectively. CourseTotal Tuition FeesDurationMBA/PGDM (4 courses – 635 seats)INR 12.5 - INR 24.5 lakh1 year – 2 yearsCertificate (79 courses)INR 65 k – INR 17.75 lakh2 days – 15 monthsExecutive MBA/PGDM (1 course – 75 seats)INR 23 lakh1-year 3. IIM Calcutta IIM Calcutta ranked 3rd under the NIRF rankings and was the first to be established under IIM legacy. According to the available statistics for 2022, the placement percentage of the institute last year was 100%, as 190+ companies visited the campus, and 631 offers were made to the students.  CourseTotal Tuition FeesDurationMBA/PGDM (3 courses)INR 23.2 lakh – INR 25 lakh2 yearsExecutive MBA/PGDM (2 courses)INR 13.5 lakh to 31 lakh1 yearCertificate (35 courses)INR 2.5 lakh – 12.89 lakh6 months – 1 year Balance the Books by Comparing the Cost of IIMs! An elite collection of management schools in India known as the Indian Institutes of Management (IIMs) are renowned for their demanding academic curricula and superior management education. In India, there are 20 IIMs, each with special qualities and advantages. Here are the IIMs available in India: IIMLocationAnnual Fee for PGP (Latest Available)IIM AhmedabadAhmedabad, GujaratApproximately INR 30 lakhsIIM BangaloreBangalore, KarnatakaApproximately INR 24 lakhsIIM CalcuttaKolkata, West BengalApproximately INR 31 lakhsIIM LucknowLucknow, Uttar PradeshApproximately INR 19 lakhsIIM KozhikodeKozhikode, KeralaApproximately INR 19.5 lakhsIIM IndoreIndore, Madhya PradeshApproximately INR 20 lakhsIIM ShillongShillong, MeghalayaApproximately INR 14.3 lakhsIIM RohtakRohtak, HaryanaApproximately INR 16.9 lakhsIIM RanchiRanchi, JharkhandApproximately INR 16.3 lakhsIIM TrichyTiruchirappalli, Tamil NaduApproximately INR 19.5 lakhsIIM KashipurKashipur, UttarakhandApproximately INR 17.3 lakhsIIM UdaipurUdaipur, RajasthanApproximately INR 20.4 lakhsIIM RaipurRaipur, ChhattisgarhApproximately INR 16.5 lakhsIIM NagpurNagpur, MaharashtraApproximately INR 18 lakhsIIM VisakhapatnamVisakhapatnam, Andhra PradeshApproximately INR 18.2 lakhsIIM Bodh GayaBodh Gaya, BiharApproximately INR 15.5 lakhsIIM AmritsarAmritsar, PunjabApproximately INR 17 lakhsIIM SirmaurSirmaur, Himachal PradeshApproximately INR 11.75 lakhsIIM SambalpurSambalpur, OdishaApproximately INR 13 lakhsIIM JammuJammu, Jammu and KashmirApproximately INR 17 lakhs Let’s have a look at the Top 10 IIMs with their Annual Fee. Remember, IIMs often provide scholarships and financial assistance to eligible students based on various criteria, so prospective applicants are encouraged to check the most up-to-date fee structures and financial aid options on the respective IIMs' official websites. Fees for Indians and foreign Nationals at IIMs 1. IIM Ahmedabad One of India's top business schools is IIM Ahmedabad. The PGP (Post Graduate Programme) and PGP-FABM (Post Graduate Programme in Food and Agribusiness Management) are only two of the postgraduate programs it provides. The annual cost of the PGP program is around INR 30 lakhs for Indian citizens and USD 85,000 for foreign students. 2. IIM Bangalore Another esteemed IIM, IIM Bangalore is renowned for its demanding academic programs. The PGP, PGPEM (Post Graduate Programme in Enterprise Management), and PGPPM (Post Graduate Programme in Public Policy and Management) are all programs offered by the institute. The annual cost of the PGP program is around INR 24 lakhs for Indian citizens and USD 85,000 for foreign students. 3. IIM Kolkata One of the original IIMs, IIM Calcutta is well known for its management programmes. It provides a variety of management courses, including the PGDM (Post Graduate Diploma in Management). For Indian citizens and overseas students, the average yearly cost of the PGDM program is roughly INR 31 lakhs and USD 92,500, respectively. 4. IIM Lucknow The academic offerings and research initiatives of IIM Lucknow are renowned for their variety. It offers courses including PGP, WMP (Working Managers Programme), and IPMX (International Programme in Management for Executives). The yearly cost of the PGP program is around INR 19.25 lakhs (for Indian citizens) and USD 63,500 (for students from other countries). 5. Kozhikode IIM The unique programs and instructional strategies used at IIM Kozhikode are well-known. It provides the PGP, EPGP (Executive Post Graduate Programme), and PGP-BL (Post Graduate Programme in Business Leadership). The yearly cost of the PGP program is around INR 19.50 lakhs (for Indian citizens) and USD 60,000 (for students from other countries). https://www.youtube.com/shorts/SRkKqX7IQF4 6. IIM Raipur One of the most recent IIMs, IIM Raipur, is rapidly rising to prominence. It offers the Executive Fellow Programme in Management (EFPM) and PGP. For Indian nationals, the PGP program's annual cost is around INR 16.5 lakhs. 7. IIM Udaipur The picturesque campus and management programs of IIM Udaipur are well-known. The PGP and PGPX (Post Graduate Programme for Executives) are available there. For Indian nationals, the PGP program's annual cost is around INR 20.4 lakhs. 8. IIM Rohtak The IIM Rohtak is renowned for its dedication to top-notch management education. It offers the Post Graduate Programme (PGP), Integrated Programme in Management (IPM), and Executive Post Graduate Programme (EPGPX). For Indian nationals, the PGP program's annual cost is around INR 16.90 lakhs. 9. IIM Visakhapatnam IIM Visakhapatnam, one of the most recent IIMs, is expanding quickly. The PGP and FPM (Fellow Programme in Management) are available. For Indian nationals, the PGP program's annual cost is around INR 18.20 lakhs. 10. Tiruchirappalli's IIM Trichy The management programs and emphasis on research at IIM Trichy are well-known. Both the PGP and FPM are offered. For Indian nationals, the PGP program's annual cost is around INR 19.50 lakhs. FAQs Which is the cheapest IIM? The cheapest IIM is IIM Sirmaur with its PGP course charging 11 lakhs per annum. Why IIM fee is high? IIM fees are high because their private bodies fund their institute primarily through tuition fees. They off highly popular because of their brilliant ROIs and advance programmes. The institutes offer quality education for MBA courses that are extremely sought after. It is one of the hardest universities to get admission to due to the rigorous admission process and intense competition. What are IIMs? The Indian Institutes of Management, commonly referred to as IIM, is a public business school owned by the central government of India. The IIMs offer several study courses like MBA Executive, doctoral, postgraduate, and undergraduate, as well as business administration-related additional courses