How to start sip investment on the EduFund app?

SIP is a Systematic Investment Plan that allows one to invest a fixed small amount every month in a preferred mutual fund scheme.   For example, if you save ₹5000, subtracting all other discretionary and necessary expenses from your income, you could contribute it to a SIP fund. Setting up a SIP, the particular fund gets …

How much should you borrow in student loans?

Student loans (commonly known as education loans in India) are a financial tool to help students pursue higher education. The biggest question to ask before availing of any loan is how much should you borrow in student loans. This is because taking on a loan is a huge responsibility; you need to pay the monthly …

Complete guide: Ways to save money in a middle-class family?

Saving money in a middle-class family is stressful. Lack of finance knowledge, poor budgeting, relying on a single-income family member, and increasing prices of daily goods and services are some of the biggest barriers to saving money in a middle-class family.  Another core barrier is saving in FDs over investing. Most Indian middle-class families prefer …

Ultimate guide: Financial mistakes you are making as a parent

It’s crucial to raise children and make plans for their future. However, it may be difficult to balance a family’s requirements and aspirations with considerations like savings, pensions, and budget. In this blog, we will address the financial mistakes you are making as a parent. 1. Not tracking finances It is challenging to set aside …

What is the minimum amount to invest in mutual funds?

For a new investor, the question that pops up the most is what is the minimum amount to invest in mutual funds? There are numerous types of mutual funds available in the market, all with varying minimum investments. Many of these mutual funds have a minimum investment requirement to be a participant, to ensure enough …

What is Collateral? How does it work?

Collateral is an item that a lender will accept in exchange for a loan. Collateral may take the shape of real estate or other assets, depending on the loan’s intended use. The collateral acts as a form of insurance for the lender.  In other words, if the borrower misses a payment on the loan, the …

What are short-term goals? Benefits of short-term goals

Individuals should be aware of “short-term goals” as they are valuable in achieving long-term ambitions and stability.  Short-term goals are referred to as productive and doable plans as their tenure is very short, and it is easy to achieve them. They act as a viable bridge between where an individual is and where they want …

FD vs Savings account? Which one is better?

FDs and savings accounts are the two most common investment options for common masses. These are bank accounts that help individuals to deposit their surplus funds.  Both FDs and savings accounts are financial instruments that offer safe and stable returns. To understand which is the better option among FD vs savings accounts you have to …

Masters in Finance vs MBA in Finance. Which is better?

Masters in Finance Vs MBA in finance – Which one of these is the most profitable? Let’s find out. From international career goals, “Masters in Finance is expected to surge by 10% by 2026”- as per the US Bureau of Labor report. According to it, the country will soon encounter 773,800 jobs in the same …

5 important things to know before investing in US stocks

If you want to invest in the US stock market to benefit from US stocks, you may start by opening an international trading account in India. But before investing in US equities, here are the 5 important things to know before investing in US stocks. 1. Regulatory framework One of the oldest, most effective, transparent, …

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