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All About Groww Nifty Small Cap 250 Index Fund

All About Groww Nifty Small Cap 250 Index Fund

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

What is the cookie jar method of investing?

Earlier we talked about what are the top 10 best investment options in India. In this article, let's look into what is cookie jar method of investing is. There are many rules of investing that help investors make good money. The cookie jar investing method allows you to pour your savings and investments into different areas (called jars) for specific purposes. The technique aims at allocating money purpose-wise for disciplined and continuous investment.   The multiple buckets of investments are earmarked for different purposes. You can consider it to be just like a child saving pennies in jars to buy their favourite toys.  What is the logic behind the cookie jar method of investing?  The Mental Accounting method’s logic is applicable here this enables you to mentally allocate and distribute your savings into different buckets and invest accordingly. This way your expenses can also be managed efficiently as you do not spend for one goal out of the savings you collected for another goal. When you have varied goals in life, you need to prepare for those goals in different ways with special efforts towards achieving those goals. Once these steps are taken, everything gets very simplified.  Once the goals are specified, the next step is to find which investing instruments will be favorable and for which purpose.   This needs careful consideration because the kind of instruments you invest in will determine how much returns will be generated in the future. This separation of funds for investing towards specific purposes is termed bucketing.   Once your investments are aligned with your goals, you will be able to get good returns.  Example to understand the cookie jar method of investing Consider that you have these three goals  First, to buy a costly smartphone this year Second, to buy a car worth 4 lakhs in the next five years  Third, to pay for your child’s education after 15 years Since it is a concise term for your first goal, you can save some cash from your salary and buy the smartphone soon. To buy a car, you need to put the required monthly investment amount into a semi-liquid type of fund, like debt funds or even ETFs with stable returns. This will help you save enough money to buy your car after five years.   Finally, the last goal, funding your child’s education after 15 years, is a mammoth task because it actually is a more costly affair than you first imagine it to be. So you must plan this investment with utmost care and invest early and in instruments that serve this purpose well. How to use the cookie jar method for investing? Similar to how budgeting works, for saving too, you should ideally create jars for separate objectives. For example - Emergency Fund, Wedding Fund, Children's Education Fund, Retirement Fund, etc. 1. Emergency fund It is meant for any unforeseen situation that may arise. The Thumb rule says it is good to have three months of expenses as an emergency fund for your rainy days. This money should be in liquid or fixed deposits and safe from volatility. 2. Retirement fund Plan for your retirement when you start earning. You will thank us later. If you start at 25 and assume you have 35 years ahead of you to work before retiring, a small monthly contribution can help you save big. But if you start late, the monthly contribution for the same amount will be exorbitantly high. Goal10 Cr10 CrTenure35 yrs20 yrsSIP/monthRs 6,750Rs 67,500Returns15%15% Similarly, it would help if you planned for other goals such as a car, house, child's education, child's marriage, holiday, etc. These can become your separate jar and would be dedicated to that specific goal. FAQs What is the cookie jar approach to investing? The cookie jar investing method allows you to pour your savings and investments into different areas (called jars) for specific purposes. How do you use cookie jars? Consider you have a goal of buying a car in the next 5 years. To buy a car, you need to put the required monthly investment amount into a semi-liquid type of fund, like debt funds or even ETFs with stable returns. This will help you save enough money to buy your car after five years.  This approach to investing is called cookie jars when you see each goal differently. What is the logic behind the cookie jar method of investing?  The Mental Accounting method’s logic is applicable here this enables you to mentally allocate and distribute your savings into different buckets and invest accordingly. This way your expenses can also be managed efficiently as you do not spend for one goal out of the savings you collected for another goal. What financial goals can you use the cookie jar investing approach? You can use it for long-term and short-term goals. Whether it's buying a car or financing your child's education, you can have a separate jar and investing approach based on how much you need, when you need it, and your risk profile. Need help planning and saving towards your child's education? Consult an expert advisor to get the right plan TALK TO AN EXPERT
What is there in the Budget for F.Y. 2024-25? 

What is there in the Budget for F.Y. 2024-25? 

The Union Minister of Finance, Nirmala Sitaraman, presented the interim budget for the F.Y. 2024-25 on 1st Feb. 2024. As expected, the budget did not bring any surprising element as it was an interim budget and a full-fledged budget will be presented after the general elections in July 2024. The following are some of the key highlights from the budget speech and The Finance Bill, 2024.  Key Points Vikasit Bharat by 2047.  Infrastructure Spend – Estimated Capex of Rs. 11.11 Lakh Crores in F.Y. 2024-25 – Highest ever Capex with an increase of 11.1% from F.Y. 2023-24.  A one lakh crore rupees corpus is to be established for today's tech-savvy youth, with a fifty-year interest-free loan to boost private sector research and innovation in emerging fields through long-term financing with low-interest rates.  All ASHA, Anganwadi workers and helpers will be covered under the Health Cover under the Ayushman Bharat Scheme.  Government to encourage Cervical Cancer Vaccination for girls (9-14 years).  The deadline for certain tax benefits for startups and sovereign wealth funds/pension funds extended to 31.03.2025 from 31.03.2024.  Proposed changes in TCS on Foreign Remittances:  No TCS if remittance is up to Rs. 7 lakhs, irrespective of the purpose of the remittance (currently, it is only for education or medical expenses).  TCS at 5% of the amount in excess of Rs. 7 lakhs if the remittance exceeds Rs. 7 Lakhs and is for education and medical treatment.  TCS at 20% of the amount in excess of Rs. 7 lakhs if the amount exceeds Rs. 7 Lakhs and is for other than education and medical treatment.  Key Numbers  Particulars Revised Estimates for F.Y. 2023-24 Estimates for F.Y. 2024-25 Total Receipts Excl. Borrowings Rs. 27.56 Lakh Crores Rs. 30.80 Lakh Crores Tax Receipts Rs. 23.24 Lakh Crores Rs. 26.02 Lakh Crores Total Expenditure Rs. 44.09 Lakh Crores Rs. 47.66 Lakh Crores Fiscal Deficit (% of GDP) 5.80% 5.10% Gross Borrowing through Dated Securities  Rs. 14.13 Lakh Crores Net Borrowing through Dated Securities  Rs. 11.75 Lakh Crores  Target to reduce Fiscal Deficit below 4.5% by F.Y. 2026.  There are no changes in taxation with the same tax rates for both direct and indirect taxes, including import duties.  Thanks for reading!  If you have any queries, feel free to write to us at research@edufund.in. 
Margin Money in Education Loans

Margin Money in Education Loans

Ever heard of the term Margin Money in Education Loans? How does it affect the average student? Do all students need to pay margin money? Find out in this article what margin money is, why it is important for students to know of it, and if it’s a compulsory fee or not!  https://www.youtube.com/watch?v=7Y0V6Z0lcJs&t=2s What is Margin Money?  In the context of education loans in India, margin money refers to the portion of the total educational expenses that the borrower (student or their parents/guardians) needs to fund from their own resources. In other words, it is the borrower's contribution toward the overall cost of education, and the remaining amount is covered by the education loan.  The concept of margin money is prevalent in the education loan process to ensure that students and their families have a financial stake in the education expenses. The margin money requirement helps in sharing the financial burden between the borrower and the lender. The margin money percentage can vary depending on the loan amount and the policies of the lending institution.  For example, if the total cost of education is ₹10,00,000 and the margin money requirement is 5%, the borrower would be required to contribute ₹50,000 from their own funds, and the education loan would cover the remaining ₹9,50,000.  It's important for students and their families to be aware of the margin money requirement when applying for education loans, as it influences the amount that needs to be arranged independently to meet the educational expenses. The terms and conditions, including margin money requirements, can vary among different banks and financial institutions offering education loans. The Role of Margin Money in Loan Disbursement  Margin money plays a significant role in the disbursement of education loans in India. Here's how it typically works:   1. Calculation of Total Cost:  Before applying for an education loan, the borrower needs to determine the total cost of the educational program. This includes tuition fees, accommodation, books, and other related expenses.  2. Determination of Margin Money:  The lending institution specifies a margin money percentage that the borrower must contribute from their own funds. For instance, if the margin money requirement is 10%, and the total cost of education is ₹5,00,000, the borrower needs to provide ₹50,000 as margin money.  3. Loan Amount Calculation:  The loan amount is calculated by subtracting the margin money from the total cost of education. Using the example above, if the total cost is ₹5,00,000 and the margin money is ₹50,000, the loan amount would be ₹4,50,000.  4. Disbursement Process:  The education loan is disbursed based on the approved loan amount. The lending institution releases funds directly to the educational institution or provides the borrower with the necessary funds, depending on the terms of the loan.  5. Use of Margin Money:  The margin money contributed by the borrower is typically used to cover initial expenses or as a security deposit, depending on the requirements of the educational institution.  6. Repayment Structure:  The repayment structure of the education loan is based on the disbursed loan amount. The borrower is required to repay the loan amount along with applicable interest over the agreed-upon repayment period.  Understanding and fulfilling the margin money requirement is essential for students and their families when seeking education loans. It ensures a shared financial responsibility and helps in the smooth disbursement and repayment of the loan. The terms and conditions, including the margin money percentage, may vary among different banks and financial institutions  7. Margin Money Calculation Formula  The formula for calculating margin money is straightforward. It is given by:  Margin Money = Total Cost of Education × (Margin Money Percentage/100)   Let's go through an example to illustrate this:  Suppose the total cost of education is ₹3,00,000, and the lending institution requires a margin money contribution of 15%.  Margin Money = ₹3,00,000 × (15/100)  Margin Money = ₹3,00,000 × 0.15  Margin Money = ₹45,000  Margin Money=₹45,000  So, in this example, the margin money required would be ₹45,000. The borrower would need to provide this amount from their own funds, and the education loan would cover the remaining ₹2,55,000 (₹3,00,000 - ₹45,000) based on the margin money percentage and total cost of education.  https://www.youtube.com/watch?v=AbYbP-HKAd8 Margin Money Requirements by Major Banks and NBFCs  When comparing margin money requirements, consider factors such as:  1. Loan Amount vs. Margin Money Percentage:  Evaluate how the margin money percentage influences the loan amount. Different institutions may have varying percentages.  2. Total Cost of Education:  Check if there are any restrictions on the types of expenses considered in the total cost of education.  3. Flexibility and Terms:  Assess the flexibility offered by each institution in terms of margin money payment and any variations based on the course or program.  4. Interest Rates and Repayment Terms:  Consider the overall terms of the education loan, including interest rates and repayment periods, in addition to the margin money requirement.  5. Eligibility Criteria:  Understand any specific eligibility criteria associated with margin money, such as the applicant's income, credit history, or collateral requirements.  To obtain specific and accurate information, reach out to the education loan departments of different financial institutions, and inquire about their current policies and margin money requirements.  Public Sector Banks vs. Private Sector Banks  The margin money policies of public sector banks (PSBs) and private sector banks differ based on their respective approaches, ownership structures, and government regulations. Here's a general comparison:  Public Sector Banks (PSBs) 1. Government Influence:  PSBs often have margin money policies influenced by government guidelines and regulatory frameworks.  Margin money requirements may vary based on the type of educational course and loan amount.  2. Flexible for Social Objectives:  Some PSBs may have more flexibility in margin money requirements for courses that align with national priorities or social objectives.  3. Government-Sponsored Schemes:  PSBs may participate in government-sponsored education loan schemes with reduced or no margin money for economically disadvantaged students.  4. Interest Rate Subsidies:  In some cases, PSBs may offer interest rate subsidies or concessions to certain categories of students, impacting the overall financial burden.  Private Sector Banks  1. Market-Driven Approach:  Private sector banks often adopt a market-driven approach, setting margin money policies based on their assessment of risk and profitability.  2. Varied Margin Requirements:  Margin money requirements in private banks may vary widely based on factors such as the loan amount, course type, and the creditworthiness of the borrower.  3. Focus on Risk Management:  Private banks may emphasize risk management, adjusting margin money requirements to mitigate potential loan default risks.  4. Customer-Centric Solutions:  Some private banks may offer customized margin money solutions, considering the unique circumstances and financial capabilities of individual borrowers.  General Considerations Regulatory Guidelines: Both public and private sector banks must adhere to regulatory guidelines set by authorities, impacting their margin money policies.  Negotiation Possibilities: While public sector banks may have more standardized policies, private sector banks may allow more room for negotiation based on individual cases and creditworthiness.  Loan Amount and Course Type: The margin money requirements often depend on the total loan amount and the type of educational course. Professional courses might have different requirements than undergraduate or postgraduate programs.  It's crucial for students to directly inquire with specific banks, whether public or private, to obtain accurate and up-to-date information on their margin money policies. Policies can vary not only between public and private banks but also among individual banks within each sector.  Zero Margin Money Options  Some banks and NBFCs in India may offer education loans with no margin money requirement or minimal margin. Keep in mind that these policies can vary based on factors like the course, loan amount, and the lender's discretion. Here are a few institutions that, in the past, have been known for flexible margin money requirements:  1. Avanse Financial Services:  Avanse is an NBFC that has been recognized for providing education loans with flexible terms, including competitive interest rates and customized repayment plans.  2. Axis Bank:  Axis Bank has been known to offer education loans with no margin money requirement for certain loan amounts. Their policies, however, may vary, so it's advisable to check with the bank directly.  3. IDBI Bank:  IDBI Bank has, in some cases, provided education loans with no margin money requirement, especially for specific courses or loan amounts. It's recommended to verify this information with the bank.  4. Canara Bank:  Canara Bank has offered education loans with minimal or no margin money requirement for certain categories of loans. Always check with the bank for the latest policies.  5. Bank of Baroda:  Bank of Baroda may offer education loans with a reduced margin or no margin money requirement for certain courses and loan amounts. Verify the current policies directly with the bank.  The Relationship Between Margin Money and Overall Expenses  The amount of margin money in education loans is often influenced by the total expenses of education. Generally, as the total educational expenses increase, the percentage of margin money required may decrease. Lenders may adjust the margin to accommodate higher overall costs, making education financing more accessible for students. However, specific margin money requirements can vary among lenders and institutions, and regulatory guidelines may also play a role in determining the relationship between margin money and total expenses. It's crucial for students to review the policies of individual lenders and educational institutions to understand how margin money is influenced in the context of the total cost of education.  Impact of Lower Overall Expenses on Margin Money  The inverse relationship between overall expenses and margin money lies in the fact that as overall educational expenses increase, the proportion of margin money required decreases. Higher expenses often lead to more substantial loans, and lenders may be willing to lower the margin percentage to accommodate larger loan amounts.  Strategies for Minimizing Margin Money  To minimize margin money, students can explore scholarships, grants, and part-time work opportunities to cover educational expenses. Negotiate with lenders for flexible repayment plans and consider community college or online courses for cost savings. Efficient financial planning can reduce the burden significantly.  FAQs What is margin money in the context of education loans?  Margin money refers to the portion of the total educational expenses that the student is required to fund from their own resources. It is the percentage of the total cost that is not covered by the education loan, and students are expected to contribute this amount.  Why do lenders require margin money for education loans? Lenders require margin money to mitigate risk and encourage financial responsibility. When students contribute their own funds, it reduces the likelihood of default, and it signals to lenders that the student is financially committed to their education. How is the margin money percentage determined? The margin money percentage is often influenced by regulatory guidelines, institution policies, and the total cost of the educational program. It varies among lenders and educational institutions. Always check with the specific lender or educational institution for their policies.  Can the margin money be borrowed from another source or does it have to be from personal savings? Generally, lenders prefer that margin money comes from the student's personal savings or contributions from family. Some lenders may not allow borrowing the margin money from another loan source. It's important to clarify this with the lender.  How does providing margin money benefit students?  Providing margin money benefits students by instilling financial responsibility, reducing the overall loan burden, enhancing creditworthiness, and fostering a sense of ownership and commitment to their education. 
Union Budget 2024 – What to look out for?

Union Budget 2024 – What to look out for?

As the country gears up for General Elections this summer, all eyes are on the upcoming Union Budget scheduled for February 1, 2024, at 11:00 am. This year's budget labelled as 'Interim Budget,' is a short-term financial plan for the outgoing government to manage finances until the new government takes charge. Unlike regular budgets, an Interim Budget doesn't include the presentation of the Economic Survey, a detailed analysis of the country's economic performance. Generally, the outgoing government refrains from making major announcements in an Interim Budget to avoid significant influence on voters before the elections. However, there have been instances where outgoing finance ministers strategically shaped budgetary measures to leave an impact. In 2014, P Chidambaram of UPA II adjusted expenses to the following year to present a better Fiscal Deficit for FY14, facing criticism for reducing capital expenditure without addressing subsidies. Also, In 2019, Piyush Goyal of the NDA government introduced tax relief for small taxpayers and launched the PM-KISAN scheme, providing Rs. 6,000 per annum support to small farmers. What to Expect? As the BJP government is looking to return to power, some of our expectations for this Interim Budget include: Targeting a Fiscal Deficit for FY25 in the range of 5-5.5% of GDP lower by 30-40 bps from the targeted ~5.8% of FY24. Medium term target of 4.5% by FY26. Targeting a nominal GDP growth between 11%-11.5% for FY25, surpassing the ~9% number for FY24 Continued focus on capital expenditure and infrastructure spending Prioritizing the strengthening of the agriculture and manufacturing sectors. Potential adjustments in standard deduction and tax slabs for individuals to help boost disposable income Reducing the arbitrage between equity and debt investments to make debt attractive. Currently, equities are taxed at 10%/15% for Long/Short-term Gains, while income from debt instruments faces slab rate taxation. This leads to a sub-optimal return post-tax. Thereby, the debt market remains under-penetrated. In summary, an Interim Budget is not a major event that significantly impacts investments. However, there remains a slight hope for positive developments after the budget announcement. Watch out this space for our update on February 1, 2024, when the Finance Minister unveils what’s in store for the people of the Republic of India. Note: The opinions presented reflect the beliefs of the author and the team of analysts. They should not be regarded as recommendations. Investing carries inherent market risks, and it is advisable to carefully read the offer documents before making any investment decisions. Invest for your child's education!
Analysing the HDFC Infrastructure Fund 

Analysing the HDFC Infrastructure Fund 

HDFC Asset Management Company Ltd. (HDFC AMC) is one of India's largest mutual fund companies. It is among one of the most profitable asset management companies (AMC) in the country. The company manages assets of over Rs. 5.5 Lakh crores (excluding domestic fund of funds) as of 31st December 2023.  Let us talk about the consumer product – HDFC Infrastructure Fund.  About HDFC Infrastructure Fund Investment Objective: The scheme aims to invest predominantly in a diversified portfolio of equity and equity-related securities of companies that are either engaged in or expected to benefit from the growth and development of infrastructure.  Investment Process  The portfolio mainly invests in the following segments:  Asset Financiers – Banks and infrastructure financing companies.  Asset Creators – Engineering and construction companies.  Asset Owners/Developers – Companies that own infrastructure projects.  The scheme may invest up to 20% of the funds in non-infrastructure-related companies. Also, there is no bias related to the market cap of the companies, and the scheme shall invest across all market capitalization.  Portfolio Composition  The fund holds 92.11% equity, 3.06% real estate, and 4.83% in Cash and cash equivalents. The top five sectors hold more than 77% of the equity portfolio.    Source: Value Research              Note: Data as of 31st December. 2023.                                                                                                                             Top 5 Holdings for Infrastructure Fund  Name Sector Weightage % J Kumar Infraprojects Construction 7.11 Coal India Materials 6.21 ICICI Bank Financial 6.20 Larsen & Toubro Construction 5.64 Premier Explosives Capital Goods 5.03  Note: Data as of 31st December. 2023. Source: Value Research  Past Performance  If one had invested Rs. 10,000 at the fund's inception, it would now be valued at Rs. 37,776.  Fund name 1Y 3Y 5Y 10 Y Since Inception HDFC Infrastructure Fund (%) 55.42 38.54 18.86 14.90 8.77 Benchmark Returns (%) 61.08 41.24 22.65 16.09 9.12 Additional Benchmark Returns (%) 21.30 17.24 16.25 14.56 11.34 Note: Data as of 31st December. 2023 and the performance is of regular plan.Benchmark - S&P BSE India Infrastructure Index (TRI), Additional Benchmark - NIFTY 50 (Total Returns Index)  Source: HDFC Mutual Fund  Fund Managers for HDFC Infrastructure Fund  Currently, the HDFC Infrastructure Fund is managed by the following fund managers.  Mr. Srinivasan Ramamurthy is a Fund Manager – Equity and has collectively over 15 years of experience in equity research and fund management.  Mr Dhruv Muchhal is a Senior Equity Analyst and Fund Manager for Overseas Investments  Who Should Invest in HDFC Infrastructure Fund?  This product is suitable for investors who are seeking.  To generate long-term capital appreciation/income  Investment predominantly in equity and equity-related securities of companies engaged in or expected to benefit from the growth and development of infrastructure.  Why Invest in this Fund?  As Infrastructure plays a critical role in India’s self-reliance and economic prosperity, receiving significant focus from the government an investor gets an opportunity to invest in India’s infrastructure space through asset developers, asset owners, and asset financiers.   Investors can benefit from the growth and development of infrastructure due to increased budgetary capital spending and favourable policies.  The HDFC Infrastructure Fund has been in existence for the last 15 years. It provides an opportunity to invest in India’s infrastructure. The fund has consistently underperformed its benchmark. However, keeping in mind the government's focus on infrastructure and capex requirements in India for the economy's growth, the sector can show good performance in the upcoming future and can benefit the companies engaged in the sector. Hence, investors need to remain invested long-term to witness capital appreciation and outperformance with an understanding of high risk.  Disclaimer: This is not recommendation advice. All information in this blog is for educational purposes only. 
Expenses under Education Loans

Expenses under Education Loans

Education loans to pay for your higher education overseas are common and effective; let's look at all the expenses under education loans to help you make the right choice. What are some expenses under education loans? Do education loans only help with tuition fees? Can education loans cover the cost of flights or help pay the living expenses?   Keep reading to find out the expenses under education loans.    One of the main issues facing the majority of Indian students who want to study abroad is how they would pay for their higher education. An education loan makes sure that all of the financial conditions for the application process for an education loan overseas are satisfied within the allotted time limit.  For the majority of students, the cost of an education loan in India for studying abroad is the main topic of conversation when it comes to financing higher education overseas. The information on this page is relevant to both secured and unsecured education loans in India for international studies.  https://www.youtube.com/watch?v=7Y0V6Z0lcJs&t=1s Costs of a typical course abroad for a student loan  One widespread misconception is that student loans do not fully cover the costs associated with studying abroad. This is untrue, though, as all educational loans, whether secured ones from government banks or unsecured ones from private lenders, cover the following list of costs that are essential to the educational process.  1. Student fees  One of the two main components of both forms of education loans in India for studying abroad is the tuition prices charged by foreign universities. An education loan in India for the international study is intended to assist students in covering their tuition costs. In India, all student loan repayments include tuition. Therefore, when deciding on the overall amount of your student loans, you should give top priority to covering your tuition costs.  2. Housing Costs  The term "factors" can refer to a wide range of things. The main living costs for a student include their rent or room and board, food, and costs for other daily necessities like transportation to and from school, a security deposit for housing, etc.  3. Medical Insurance  International students are frequently required to obtain health insurance by many foreign universities. This specific cost is covered by an education loan in India for studying abroad as it is one of the prerequisites for studying abroad for many students. Therefore, while applying for an education loan, health insurance can also be taken into account.  https://www.youtube.com/watch?v=4gTQkdePOWM 4. Flight Tickets  Another significant price covered by an education loan when applying for one overseas is airline tickets to the location of your choice. When quoting the education loan amount to your bank, this component might also be included.  5. Research Aid  You can include this information in the education loan application if your foreign university's offer letter states that you are responsible for paying for excursions and other extracurricular activities throughout the course of your studies. In addition, when applying for both forms of school loans in India, students can include the price of products like books, computers, and other study supplies in their total expenses.  https://www.youtube.com/watch?v=fufyFB9aMQI What elements must a student take into account when determining costs?  There is no way to change the loan arrangement because the student loan is a one-time transaction. Therefore, a student needs to be aware of the costs they can cover on their own and those for which they might require a loan. The student's financial stability at the time of study is of utmost importance, so the loan amount should be chosen with that in mind.  Before assessing the costs, a student must take the following into account:  The price of housing in a specific country and whether it will be possible to live in shared housing for a lower cost of living.  Food prices in the city where the university is situated.  Additionally, a student's ability to prepare meals on their own can significantly lower the cost of tuition.  Since academics are not just available on-campus, the cost of eating out or intercity travel will be included in the total fee.  Many regions, including the US and Australia, have cheap used car markets and reasonable gas prices. In contrast, students in countries like Ireland receive discounts on public transportation. All of this requires preliminary research.  In the city where the university is situated, there are opportunities for part-time employment. There are enticing part-time occupations with regulated minimum earnings in several nations. This assists students in paying for a sizable portion of their living costs.  Consult an expert advisor to get the right plan TALK TO AN EXPERT
Boarding School or Day School: Advantages and Disadvantages

Boarding School or Day School: Advantages and Disadvantages

Your child needs a good school to be educated and gain skills to manage life challenges and become a better person. But it's tough to decide which is the best school for your child. The dilemma strikes between choosing a boarding school or day school.  The boarding school or day school debate is not new but is an essential pillar to choosing what is best for your child. Before we compare both the categories, let us have an understanding of what a boarding school and a day school are.  What is a Boarding school? A boarding school refers to an academic institution where students can stay full-time and do all their school activities. The students and teachers both stay within the school campus in their particular hostels.  A boarding school pays attention to holistic student development apart from academics. There are also girls-only or boys-only boarding schools within India that cater to the education of a particular gender.  Best International Boarding Schools in India Read More What is a Day school? A day school refers to an educational institution where students study within their particular classes throughout the day hours. They involve themselves in all the co-curricular, sports, and academic activities while staying in their houses.  The general day schools run from morning and go up to afternoon when teachers impart education with the primary focus of polishing the academic background of the students. Once school is finished, students can go back to their respective homes and spend time with friends and families.  Benefits of Day Schools Read More Boarding school or Day school? Boarding school and day school debate has been constant in the field of education. As the two institutions of giving education are different, parents often remain conflicted when it comes to choosing a school for their child.  The central and most important aspect of education refers to the round development of students. It is something that both these schools and boarding schools can ensure. But, there is an additional breakdown of boarding schools or day schools that may just help you make an informed decision as a parent.  Pros of Boarding school Let us begin by taking a look at the advantages of a boarding school for your child:  A boarding school provides round-the-clock development and education. They are strict about homework so you can rest assured that your children are getting it done in an environment free from destruction.  Boarding schools help foster independence. It cultivates self-reliance and gets the children used to the concept of staying away from home.  It is a perfect solution when it comes to busy parents. It provides the ideal solution for career-concentrated parents who are conscious that their kids are adequately supervised and encouraged to take part in many out-of-school activities.  Cons of Boarding school Now, let us understand the disadvantages of boarding schools:  Homesickness is going to strike the students at some point. They will stay away from home in an unfamiliar environment for the first time and it will take some time for them to get used to the new situation.  The cost of boarding schools is significantly higher. It costs a lot more than day school.  Parents think that they will be less involved in the upbringing of their children. They will relinquish many decisions that they would normally consider about their child. Pros of Day school Let us turn our attention to the day schools now. Here are some of the advantages:  You are going to see your kids every night and every morning when they wake up. Your kids can discuss any concerns with you.  The cost of day school is much more affordable than boarding school. It is one of the major arguments when it comes to the favor of sending your kids to day school apart from boarding school which is quite cheaper.  Cons of Day school What comes with advantages also comes with some disadvantages. Here are some of them:  Day school puts more demands on your time. This indicates that if you are a career-oriented person it will make it challenging for you to put the required time into taking care of your children.  Day schools also anticipate more parental involvement in parent-teacher meetings and other such occasions.  Daily transportation costs and daycare activities are other factors to consider when sending your child to a day school. How to make a decision: Boarding school or Day school? If money is not a restriction for you and you look forward to your kid being entirely immersed in the educational environment, a boarding school has much more to offer and is worth considering. On the other hand, a day school is the right option for you if you want to be more involved in daily educational activities!  FAQs Is boarding school better than day school? Boarding schools are a great option for parents who are constantly moving and want to offer their kids stability. Boarding schools provide a holistic learning environment and can do wonders for your kids' routine and, development growth. Both have their advantages and disadvantages, based on your preference you can opt for the type of schooling that agrees with your kid and your lifestyle. What are the advantages of day school than boarding school? The biggest advantage of day school is that your child can spend more time with you at home. They can develop hobbies after school, enroll in classes, and even develop social skills and networks separate from their school life. Is boarding school good or bad? Boarding schools have their pros and cons. Pros: They are great learning institutes that teach independence, and routine and contribute greatly to one's development and growth. Cons: Students may experience peer pressure, and separation anxiety and may experience loneliness because they are away from their parents and family.
How to choose the best mutual fund scheme?

How to choose the best mutual fund scheme?

Mutual funds are ideal investment options for both risk-aggressive and risk-averse investors as they help to achieve investment goals easily and effectively. Choosing the best mutual fund scheme irrespective of the various alternatives is a challenge in itself.  Both beginners and seasoned investors must take precautions while investing because of the immense risk involved. You do not want to throw away your hard-earned money on just a hearsay scheme or a fund that offers average returns, especially when you have a scope of earning higher returns at less risk. https://www.youtube.com/watch?v=uYlrsx9_yog 10 steps to Choose the Best Mutual Fund Scheme Step 1: Identify Investment Goals   Identify your investment goals by answering related questions like is the objective current income or long-term capital gain? Is the money for short-term like education expenses of children or future expenses like the retirement fund that is very far away? Identifying the investment goals helps to choose the mutual fund scheme that will fulfill the financial aspiration of the investor effectively. Step 2: Determine Risk Tolerance How much return are you expecting on your investment matters as it helps to determine whether the investor is a moderate or high-risk taker? Risk tolerance refers to the risk that the investor is willing to take with his investments.  It is now compulsory for all mutual fund houses to show the risk associated with the invested amount. Step 3: Look at the Time Horizon The time horizon is the period for which the investor desires to invest his money in a mutual fund scheme. It can be short or long term ranging from one day to even more than five years.  There are different fund categories meant for different time horizons and it is better to choose the best mutual fund scheme that will be able to meet your specific time horizons. Step 4: Focus on the Fund Type - Growth or Dividend Choose the fund type which is the best option to meet your specific needs. The growth option is best for long-term needs as it can handle higher volatility and risk factors. These funds also have greater potential for higher returns.  Dividend funds are short-term investment goals. They provide interest regularly and are considered stable investments with moderate returns. Step 5: Look at the Fees and Loads Some mutual funds charge a sales fee at either the time of purchase or sale of the investment known as a load. The purpose of the load is to cover the associated administrative charges and discourage turnover. Mutual fund houses levy various charges which are paid by the investors, who must know about them in detail before choosing the mutual fund scheme for themselves.  Step 6: Consider the Assets Under Active or Passive Management Determine the type of assets you want in your portfolio and then choose the mutual fund scheme accordingly.  Actively managed funds levy higher fees and try to outperform the benchmark index whereas passively managed funds levy lower fees and try to track the performance of a benchmark index. Step 7: Evaluate Managers and Past Results Conduct research about the fund's history by asking yourself whether the fund has suffered more volatility than other major funds and whether the fund manager was able to deliver the expected results.  Reviewing the fund’s prospectus gives a fair idea of its future and helps to choose the best fund. Step 8: Size of the Fund Although the size of the fund does not stop it from meeting the investment goals investors should keep it manageable for better handling. Step 9: Do not be Dependent Only on the History Although the fund history is an indicator of future performance it cannot guarantee high returns. Take related things into consideration like comparison with the benchmark index, fund types, fees, risk factors, etc. before making a viable choice about the mutual fund scheme you want to invest in. Step 10: Select What Matters Investors must focus on things that matter for instance expense ratios, investment strategy, risk factors fees, and a chance of future success. It is important to take the help of reputed platforms and understand the best ways of choosing the right mutual fund scheme for yourself.  The EduFund App along with the SIP calculator makes the process of choosing the mutual fund scheme an easy experience. Customer-friendly saving/ investment experts provide customized solutions, top-class security enables secured transactions, and a scientific fund tracker screens various financial scenarios to recommend the best out of the 4000+ mutual funds associated with the platform. Conclusion Every investor wants to choose the best mutual fund scheme but they must consider their individual preferences, investment objective, risk appetite, and the fundamental features of the scheme before making a final decision. FAQs What are the key factors to consider when choosing a mutual fund scheme? Key factors include investment goals, risk tolerance, time horizon, fund type (growth or dividend), fees, assets management style, fund manager's track record, fund size, and various other critical parameters. How can one determine their risk tolerance? Risk tolerance is determined by the investor's willingness to accept risk for potentially higher returns. It can be assessed by evaluating how much volatility or fluctuation in investment value one is comfortable with. What is the significance of the time horizon in selecting a mutual fund scheme? The time horizon indicates how long you plan to keep your money invested. It's crucial because different fund categories are suitable for different time frames, and choosing the right one aligns with your financial goals. What are the fees and loads associated with mutual funds? Mutual funds may charge sales fees, known as loads, at the time of purchase or sale. Investors should also be aware of other fees like expense ratios, which cover administrative costs, and impact overall returns. Why is it important to consider a fund manager's past results? Evaluating a fund manager's track record provides insight into their ability to deliver expected results and manage the fund effectively. Past performance is one of the factors investors consider when making investment decisions. TALK TO AN EXPERT
Financial Checklist for New Parents in India

Financial Checklist for New Parents in India

Becoming a parent is extremely exciting. It's the start of a host of new responsibilities, especially when it comes to finances. This blog will help you keep track of the most important decisions and presents a consolidated financial checklist for new parents to help you manage and secure your child's future! 1. Create a Budget and Emergency Fund Establishing a budget is crucial for managing your household expenses effectively. Determine your monthly income, fixed expenses, and discretionary spending to ensure that your finances are on track. Additionally, build an emergency fund to cover unexpected expenses, such as medical emergencies or home repairs, aiming for at least three to six months' worth of living expenses. 2. Secure Health Insurance for the Family Healthcare expenses can be a significant financial burden, especially with a new addition to the family. Invest in comprehensive health insurance coverage for yourself, your spouse, and your child to safeguard against unforeseen medical costs. Look for policies that offer adequate coverage for maternity and newborn care, ensuring peace of mind for your family's health needs. 3. Protect Your Family with Life Insurance As new parents, it's essential to prioritize your family's financial security in the event of an unfortunate circumstance. Invest in a suitable life insurance policy that provides financial protection and support for your loved ones in case of your untimely demise. Calculate the appropriate coverage amount based on your family's future financial needs, including living expenses, education costs, and outstanding debts. 4. Plan for Your Child's Education Education expenses are a significant financial commitment, and it's never too early to start planning for your child's future. Research various education savings options, such as mutual funds, education savings plans, or dedicated savings accounts, to help fund your child's higher education. Start investing as early as possible to take advantage of the power of compounding and ensure sufficient funds are available when your child reaches college age. 5. Get all their Documents Sorted As new parents, you need to sort out all their documents beforehand within the first year. From their birth certificate, PAN minor, Aadhar, make sure all their documents are created and ready for use. Also, it's essential to have a clear plan in place for the distribution of your assets and ensure your child is added as a beneficiary legally. Conclusion Becoming a parent is a life-changing experience that brings immense joy and responsibility. By following this comprehensive financial checklist, new parents in India can take proactive steps to secure their family's future and provide a solid foundation for their child's growth and development. Remember, early financial planning and investing, especially in mutual funds, can make a significant difference in achieving your family's long-term financial goals. Start planning today to ensure a brighter tomorrow for your loved ones.
Tips to Get Education Loans for Abroad Studies

Tips to Get Education Loans for Abroad Studies

Securing an education loan for abroad studies opens the door to a world of academic and personal growth. Let’s break down the process for getting educational loans for abroad studies and find out the eligibility criteria, documents needed, how to get an education loan, and much more. Education Loans for Abroad Studies In an increasingly interconnected world, pursuing education abroad has evolved from being a mere aspiration to a transformative experience. The exposure to diverse cultures, cutting-edge academic programs, and unparalleled opportunities for personal growth has made international education a sought-after endeavour. However, the costs associated with studying abroad can be overwhelming. This is where investment in education loans comes to the rescue, acting as a bridge between dreams and reality. https://www.youtube.com/watch?v=4gTQkdePOWM Are you eligible to get a study loan abroad? To be eligible, applicants often need to meet certain requirements that the bank has set. For instance, if you are applying for a study loan to study abroad from India then here are the basic eligibility criteria that you need to meet. The applicant must be 16 years old and an Indian citizen Co-applicants must be an Indian citizen Ability to offer collateral for certain cases Co-borrower(s) must have a bank account in any bank in India with cheque facilities and a good credit history. Confirmed admission to the colleges before disbursement. Admission Confirmation: Having an admission offer from a recognized foreign institution is a prerequisite for applying for an education loan. The institution's reputation and the chosen course play a role in determining loan approval. Co-Applicant/ Guarantor: Many lenders require a co-applicant, usually a parent or guardian, to share the responsibility of repaying the loan. The co-applicant's financial stability can influence the loan's terms. Collateral: Depending on the loan amount, lenders might ask for collateral as security. Property, fixed deposits, or other priceless assets can be used as collateral. Eligibility criteria differ on the basis of your nationality. Co-Applicant Education Loan Guide Read More How should you apply for an education loan abroad? Navigating the education loans for abroad studies application process can be overwhelming, given the multitude of options and procedural complexities. To get an education loan, you can visit public and private banks and international lenders, find out the interest rate and start the process with your chosen provider. Rather than visiting all the banks, you can opt for an education loan counselor. An educational loan counselor is an expert who serves as an intermediary between aspiring students and financial institutions, helping them find the best loan options tailored to their needs. They streamline the loan application process, help with documentation, and get your fast approval. Education loan counselors can help you save both time and effort. https://www.youtube.com/watch?v=fufyFB9aMQI Documents you need for an Education Loan When applying for an education loan, the documentation process is a crucial step. Commonly required documents you must have: Loan application form Passport-size photos PAN card and Aadhar card Indian passport (if you are going abroad) Marksheets for 10th, 12th & Graduation Entrance exam results (like IELTS, GMAT, GRE, TOEFL, etc.) Offer letter or a conditional admission letter (if received) Work experience proof (if any) In the case of self-employed co-applicant 8-month bank statements of savings & current account 2- years ITR statement Collateral documents (if needed) In the case of salaried co-applicant6-month bank statements of the salary account of the co-applicant2-year ITR / FORM 16 co-applicant3-month salary slips Collateral documents (if needed) How to use the Education Loan Calculator for abroad studies? An education loan calculator is a way to find out the monthly payments you will be making to close your student loan! An education loan for abroad studies is a huge responsibility, and the calculator helps you find out the EMIs you will potentially be repaying, the duration of repayment, and the total payable amount after adding the interest. It’s very easy to use and can help you determine the future EMIs on your loan. For instance, you decide to take a loan of Rs. 25,00,000 at an interest rate of 10%. The decided loan tenure is 10 years. If you put all these details in an educational loan calculator, it will tell you the exact EMI amount, which is Rs. 33,038, the total payable amount, that is Rs. 39,64,522 along with the payable interest amount (Rs. 14,64,522) on top of the principal amount of Rs. 25 lakhs. An education loan calculator is a powerful tool that helps you prepare for the future, let's gauge the estimated costs you will be repaying and helps you budget for it in advance. What is the interest rate of education loans abroad? The interest rate depends on many factors. The interest rate of education loans for abroad studies is determined by the bank, individual profile, co-applicant history, and whether it’s a secured or unsecured loan. If you are applying with EduFund, you can get low and attractive interest rates starting from 9% with the top loan providers like Prodigy Finance, IDFC First Bank, ICICI Bank, Axis Bank, and many more. Things to Know Before Choosing an Education Loan Selecting the right education loan requires a careful evaluation of several factors: Interest Rate: The interest rate significantly impacts the overall cost of the loan. For the best deal, compare the rates provided by several lenders. Repayment Tenure: Longer repayment tenures might result in lower monthly installments but higher overall interest payments. Choose a tenure that aligns with your financial plans. Processing Fees: Understand the processing fees associated with the loan application. Some lenders might have hidden charges that could affect your repayment burden. Tax Benefits: In some countries, education loan interest payments are eligible for tax deductions. Familiarize yourself with the tax implications of the loan. Prepayment Terms: Check if the lender allows prepayment without penalties. This can help you save on interest payments if you have the means to repay the loan early Higher interest rate of education loans for abroad:  While investing in education loans serves as a lifeline for many students aspiring to study overseas, the interest rates can vary significantly. Factors like the bank's policies, the applicant's credit history, and the loan type (secured or unsecured) play a role in determining the interest rate, exchange rate fluctuations, repayment challenges in foreign currency, and the global economic scenario. https://www.youtube.com/watch?v=TJ4qgFj46Uw Importance of selecting the right repayment plan Choosing the right repayment plan for your education loan is a critical decision that can significantly impact your financial well-being post-graduation. Financial institutions often offer various repayment options, such as fixed, variable, or income-based plans. Understanding the nuances of each plan and aligning it with your future income projections and financial goals can ensure a smoother repayment process and alleviate undue stress. Partnering with EduFund: Shaping a Bright Future for International Education Pursuing education abroad is a transformative experience that opens doors to academic and personal growth. However, the costs associated with international education and education loans for abroad studies can be daunting. Amidst this process, EduFund stands as a reliable partner, offering attractive interest rates and partnering with esteemed institutions to make the dream of studying abroad a reality. EduFund provides access to a range of loan providers, each with its own interest rate structures. Keeping in mind that lower interest rates can significantly reduce the long-term financial burden, applicants should strive to secure the best possible rate for their circumstances. With EduFund's support, students can embark on their educational journey confidently, knowing that their financial needs are well taken care of. Talk To An Expert FAQs Can I apply for a loan before receiving the admission offer? It's recommended to have an admission offer in hand before applying for a loan, as lenders often require it for processing. What's the typical loan repayment grace period after completing the course? What's the typical loan repayment grace period after completing the course? Does a good credit score essential for loan approval? While a good credit score can enhance your chances of approval, some lenders offer loans to students with co-applicants who have strong credit profiles. What happens if I'm unable to secure a job immediately after completing the course? Some lenders offer extended grace periods or flexible repayment options for students who face challenges in finding employment Can I get a loan for living expenses in addition to tuition fees? Some lenders do offer education loans that cover both tuition fees and living expenses. Check with the lender for specific terms. An education loan for abroad studies bridges the financial gap between your aspirations and the realization of international education. EduFund aims to help you bridge that gap by offering low and attractive interest rates on your education loan. EduFund connects you with India’s top lenders, helps you compare loan plans, and even get collateral-free education loans up to Rs. 1 crore!
India's Priciest Schools: Top Picks

India's Priciest Schools: Top Picks

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

A comprehensive guide on applying for an Education Loan with EduFund

India has the largest youth population in the world. In the past few years, a tremendous number of students have joined higher education and a majority rely on education loans for paying the fees and cost of living. The demand for education loans has spiked up making the process more selective for the average Indian student. To make this process easier and less burdensome, apply for an education loan with EduFund is the answer. Here is a step-wise guide on securing the right loan for your college degree.    https://www.youtube.com/watch?v=gbPJ_XjILUA Understanding EduFund Before we embark on the journey of understanding the application process, let us take a moment to familiarize ourselves with the ethos and mission of EduFund. As a trusted and reputable education planning platform, EduFund is deeply committed to empowering students by bridging the financial gap between their aspirations and the resources needed to achieve them. EduFund offers 3 different financial products to help Indian parents and students achieve their dreams: Investments in the Indian market, Scholarships, and Education Loans. Benefits of applying for an education loan with EduFund 1. Research and planning The first and foremost step in successfully applying for an education loan with EduFund is conducting thorough research and meticulous planning. This initial phase involves exploring EduFund's website in detail, where you will find a wealth of comprehensive information pertaining to their loan offerings, interest rates, repayment options, and eligibility criteria. Take the time to carefully peruse the website and make note of any specific requirements or documents needed, based on the course or institution you intend to pursue. 2. Eligibility criteria EduFund's education loan program has been thoughtfully designed to cater to a wide range of students hailing from diverse backgrounds. To determine your eligibility, it is imperative to take into account various factors such as academic performance, the chosen course and institution, financial background, and any collateral that you may be able to provide. By thoroughly reviewing these criteria, you can ensure that you meet the necessary requirements before proceeding with the loan application process, thereby maximizing your chances of approval. Apply for Education Loans 3. Online application process EduFund has meticulously crafted an intuitive and user-friendly online application process, ensuring that applying for an education loan is a hassle-free and accessible experience for all prospective borrowers. To initiate the application process, simply visit the EduFund website and navigate to the dedicated loan application section. Once there, fill in the required information accurately, providing comprehensive details pertaining to your personal information, academic background, the course you wish to pursue, and an estimated cost of education. https://www.youtube.com/watch?v=4gTQkdePOWM 4. Document submission Once you have completed the online application, the subsequent step entails gathering and submitting the requisite documents. These documents may include proof of identity, address, academic records, admission letter from the educational institution, an estimate of the cost of education, income proof of co-borrower (if applicable), and any collateral documents, should you possess them. It is of utmost importance to ensure that all the documents are properly attested and prepared for submission, as this expedites the loan processing and verification stage. https://www.youtube.com/watch?v=fufyFB9aMQI 5. Loan processing and approval Upon receipt of your application and accompanying documents, EduFund promptly initiates the loan processing and verification procedure. Their team of experienced professionals meticulously assesses your application, verifies the provided information, and evaluates your creditworthiness. It is crucial to note that this process may take a few weeks, as EduFund adheres to a meticulous and diligent approach to ensure a fair and accurate assessment. During this period, it is essential to maintain open lines of communication with EduFund, remaining proactive and responsive to any updates or additional requirements that may arise. https://www.youtube.com/watch?v=tdwqQH0xkFw 6. Loan disbursement and repayment Congratulations! Upon approval of your loan application, EduFund proceeds with the disbursement of the loan amount directly to the educational institution, in accordance with the agreed-upon disbursement schedule. It is imperative to familiarize yourself with the terms and conditions of repayment, including the interest rate, repayment tenure, and monthly installment amounts. EduFund prides itself on providing flexible repayment options, tailored to suit your individual financial capabilities. Additionally, they offer a grace period for repayment, allowing you to settle into your post-graduation phase before commencing repayment in earnest. 7. Regular communication and support Throughout the entire loan application and repayment process, EduFund places great emphasis on establishing and maintaining regular and transparent communication with its borrowers. Their dedicated customer support team is readily available to address any queries, concerns, or updates that you may have. It is highly recommended to remain in close contact with EduFund and promptly inform them of any changes in your circumstances that may potentially impact the repayment of the loan. By fostering open lines of communication, you can ensure a smooth and mutually beneficial partnership with EduFund. Applying for an education loan with EduFund is an empowering and transformative step toward realizing your educational dreams. No hidden fees or processing hassles, you get the right education loan for your degree without the daily bank visits! Apply for Education Loans
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