June 18, 2021

DSP Mutual Fund: NAV, Performance, Latest MF Schemes

DSP Mutual Fund is one of the largest mutual fund houses operating in India. The fund house was established as a trust as per the rules of the Indian Trust Act, 1882. DSP Asset Management Company (AMC) is registered under the Securities and Exchange Board of India (SEBI) (Mutual Funds) Regulations, 1996. The principal sponsors of this fund are DSP ADIKO Holdings Pvt. Ltd. and DSP HMK Holdings Pvt. Ltd. (formerly DSP BlackRock Investment Managers Pvt. Ltd). DSP ADIKO Holdings Pvt. Ltd. and DSP HMK Holdings Pvt. Ltd. has 54% and 34% holding in the company, respectively. Ms Aditi Kothari Desai and Ms Shuchi Kothari holds 6% shares each.

The DSP Group has been in existence since the 1860s. It started its business with stockbroking. It is currently headed by Mr Hemendra Kothari, a reputed investment banker with a real-time net worth of US$ 1.3 Billion. The founders of the group have been instrumental in professionalising the Indian capital markets and money management businesses. A founding member of the DSP group played a prominent role in setting up the Bombay Stock Exchange (BSE).

DSP mutual fund has forty (40) schemes. Besides 17 equity schemes, 3 hybrid schemes, 14 debt schemes, and 6 international fund of funds, it also offers 4 solutions. Most DSP mutual fund schemes have traditionally given inflation-beating returns in all market conditions.

DSP AMC’s net worth grew to INR 12,258.75 million (31 March 2020) from INR 11,062.92 million in the previous year. The company’s income was INR 4,534.32 in the financial year 2019-20.

Important Information About DSP Mutual Fund

Fund NameDSP Mutual Fund
Setup Date16th December 1996
Date of Incorporation13th May 1996
Name of SponsorsDSP ADIKO Holdings Pvt. Ltd. and DSP HMK Holdings Pvt. Ltd. 
Trustee Company NameDSP Trustee Private Limited
Non-Executive ChairmanMr Hemendra Kothari
Director, Sales and Marketing Ms Aditi Kothari Desai
Independent DirectorsMr Dhananjay Mungale Mr S Ramadorai Mr S.S. Mundra Mr Uday Khanna
PresidentMr Kalpen Parekh
Chief Operating OfficerMr Ramamoorthy Rajagopal
Compliance OfficerMr Pritesh Majmudar
Registered Address of the AMCMafatlal Centre, 10th Floor, Nariman Point, Mumbai – 400 021
Telephone Number+91 (22) 66578000/ 1800-208-4499 / 1800-200-4499 (Toll free) 
FAX Number +91 (22) 66578181
Websitehttps://www.dspim.com/
Emailservice@dspblackrock.com
AuditorM/s. Deloitte Haskins & Sells LLP, Mumbai
(Firm Registration No. 117366W/W-100018)
Registrar and Transfer Agent Computer Age Management Services Ltd. Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002 Phone: 1800-3010-6767 / 1800-419-7676 Fax: 044-30407101 Email: enq_h@camsonline.com Website: www.camsonline.com

Ten Top-Performing DSP Mutual Fund Schemes 

DSP mutual fund’s portfolio comprises high-quality stocks and debt instruments that promise to deliver inflation-beating returns to its investors. The following are the top-10 DSP mutual fund schemes that have delivered strong returns and are the ones with the most AuM (Asset Under Management).

1. DSP World Mining Fund (Category – Equity: International)

The DSP World Mining Fund invests in foreign companies’ shares. This open-ended fund has a NAV of 15.0711 (Regular Growth) (as on 19th April, 2021), and is one of the top-performing funds in the ‘Equity: International’ category. The fund was launched on 29th December 2009 and has given trailing returns of 86.29% in one year (as on 16th April, 2021). The fund considers the Euromoney Global Mining Constrained Weights Net Total Return Index as its benchmark.  

Key Information

Minimum InvestmentINR 500
Minimum Additional InvestmentINR 500
Minimum SIP InvestmentINR 500
Minimum Withdrawal
Exit LoadNil
Return Since Inception (29th December 2009):3.50% (as on 19th April, 2021)
AssetsINR 113 Crore (as on 31st March, 2021)
Expense Ratio2.18% (as on 28th February, 2021)

2. DSP Natural Resources and New Energy Fund (Category – Equity: Thematic -Energy)

The DSP Natural Resources and New Energy Fund invests in prominent energy and natural resources companies. This open-ended fund has a NAV of 44.7100 (Regular Growth) (as on 19th April, 2021), and is one of the top-performing funds in the ‘Equity: Thematic – Energy’ category. The fund was launched on 25th April 2008 and has given trailing returns of 93.54% in one year (as on 16th April, 2021). The fund considers the MSCI World Energy 10/40 Net TRI, S&P BSE Oil & Gas TRI, S&P BSE Metal TRI as its benchmark.  

Key Information

Minimum InvestmentINR 500
Minimum Additional InvestmentINR 500
Minimum SIP InvestmentINR 500
Minimum WithdrawalINR 500
Exit LoadNil
Return Since Inception (25th April 2008):12.32% (as on 19th April, 2021)
AssetsINR 514 Crore (as on 31st March, 2021)
Expense Ratio2.51% (as on 28th February, 2021)

3. DSP Healthcare Fund (Category – Equity: Sectoral-Pharma)

The DSP Healthcare Fund invests in prominent healthcare and pharmaceutical companies. This open-ended fund has a NAV of 20.4680 (Regular Growth) (as on 19th April, 2021), and is one of the top-performing funds in the ‘Equity: Sectoral – Pharma’ category. The fund was launched on 30th November 2018 and has given trailing returns of 66.19% in one year (as on 19th April, 2021). The fund considers the S&P BSE Healthcare TRI as its benchmark.  

Key Information

Minimum InvestmentINR 500
Minimum Additional InvestmentINR 500
Minimum SIP InvestmentINR 500
Minimum WithdrawalINR 500
Exit Load1% for withdrawals before 364 days
Return Since Inception (30th November 2018):35.01% (as on 19th April, 2021)
AssetsINR 1,110 Crore (as on 31st March, 2021)
Expense Ratio2.25% (as on 28th February, 2021)

4. DSP Small Cap Fund (Category – Equity: Small Cap)

The DSP Small Cap Fund invests in the shares of companies that have tremendous growth potential. This open-ended fund has a NAV of 78.9260 (Regular Growth) (as on 19th April, 2021), and is one of the best-performing funds in the ‘Equity: Small Cap’ category. The fund was launched on 14th June 2007 and has given trailing returns of 83.40% in one year (as on 19th April, 2021). The fund considers the S&P BSE Small Cap TRI as its benchmark.  

Key Information

Minimum InvestmentINR 500
Minimum Additional InvestmentINR 500
Minimum SIP InvestmentINR 500
Minimum Withdrawal
Exit LoadNil
Return Since Inception (14th June 2007):16.08% (as on 19th April, 2021)
AssetsINR 6,455 Crore (as on 31st March, 2021)
Expense Ratio1.92% (as on 31st March, 2021)

5. DSP Equal Nifty 50 Fund (Category – Equity: Large Cap)

The DSP Equal Nifty 50 Fund invests in high-quality companies with a large market capitalisation. This open-ended fund has a NAV of 12.5777 (Regular Growth) (as on 19th April, 2021), and is one of the top-performing funds in the ‘Equity: Large Cap’ category. The fund was launched on 23rd October 2017 and has given trailing returns of 66.67% in one year (as on 19th April, 2021). The fund considers the NIFTY 50 Equal Weight TRI as its benchmark.  

Key Information

Minimum InvestmentINR 500
Minimum Additional InvestmentINR 500
Minimum SIP InvestmentINR 500
Minimum WithdrawalINR 500
Exit LoadNil
Return Since Inception (23rd October 2017):6.79% (as on 19th April, 2021)
AssetsINR 145 Crore (as on 31st March, 2021)
Expense Ratio0.79% (as on 28th February, 2021)

6. DSP T.I.G.E.R. Fund (Category – Equity: Sectoral – Infrastructure) 

The DSP T.I.G.E.R. Fund invests in top-class companies that will benefit from India’s infrastructural growth. This open-ended fund has a NAV of 107.3040 (Regular Growth) (as on 19th April, 2021), and is one of the top-performing funds in the ‘Equity: Sectoral – Infrastructure’ category. The fund was launched on 11th June 2004 and has given trailing returns of 58.02% in one year (as on 19th April, 2021). The fund considers the S&P BSE 100 TRI as its benchmark.  

Key Information

Minimum InvestmentINR 500
Minimum Additional InvestmentINR 500
Minimum SIP InvestmentINR 500
Minimum WithdrawalINR 1,000
Exit Load1% for withdrawals before 364 days
Return Since Inception (11th June 2004):15.11% (as on 19th April, 2021)
AssetsINR 981 Crore (as on 31st March, 2021)
Expense Ratio2.38% (as on 28th February, 2021)

7. DSP Equity Opportunities Fund (Category – Equity: Large & Mid Cap)

The DSP Equity Opportunities Fund invests in top-class large and mid-sized companies that have a consistent track record of profit-making. This open-ended fund has a NAV of 288.9890 (Regular Growth) (as on 19th April, 2021), and is one of the top-performing funds in the ‘Equity: Large & Mid Cap’ category. The fund was launched on 16th May 2000 and has given trailing returns of 55.78% in one year (as on 19th April, 2021). The fund considers the NIFTY Large Midcap 250 TRI as its benchmark.  

Key Information

Minimum InvestmentINR 500
Minimum Additional InvestmentINR 500
Minimum SIP InvestmentINR 500
Minimum WithdrawalINR 1,000
Exit Load1% for withdrawals before 364 days
Return Since Inception (16th May 2000):17.43% (as on 19th April, 2021)
AssetsINR 5,747 Crore (as on 31st March, 2021)
Expense Ratio1.91% (as on 28th February, 2021)

8. DSP Flexi Cap Fund (Category – Equity: Flexi Cap)

The open-ended DSP Flexi Cap Fund has a NAV of 47.2660 (Regular Growth) (as on 19th April, 2021), and is one of the top-performing funds in the ‘Equity: Flexi Cap’ category. The fund was launched on 29th April 1997 and has given trailing returns of 52.10% in one year (as on 19th April, 2021). The fund considers the NIFTY 500 TRI as its benchmark.  

Key Information

Minimum InvestmentINR 500
Minimum Additional InvestmentINR 500
Minimum SIP InvestmentINR 500
Minimum WithdrawalINR 500
Exit Load1% for withdrawals before 364 days
Return Since Inception (29th April 1997):19.29% (as on 19th April, 2021)
AssetsINR 4,983 Crore (as on 31st March, 2021)
Expense Ratio1.96% (as on 31st March, 2021)

9. DSP Equity & Bond Fund (Category – Hybrid: Aggressive Hybrid)

The DSP Equity & Bond Fund invests in value-oriented large, mid-sized, and small companies that have a consistent track record of profit-making. This open-ended fund has a NAV of 198.9500 (Regular Growth) (as on 19th April, 2021), and is one of the top-performing funds in the ‘Hybrid: Aggressive Hybrid category. The fund was launched on 27th May 1999 and has given trailing returns of 39.91% in one year (as on 19th April, 2021). The fund considers the CRISIL Hybrid 35+65 Aggressive TRI as its benchmark.  

Key Information

Minimum InvestmentINR 500
Minimum Additional InvestmentINR 500
Minimum SIP InvestmentINR 500
Minimum WithdrawalINR 500
Exit Load1% for withdrawals before 364 days
Return Since Inception (27th May 1999):14.62% (as on 19th April, 2021)
AssetsINR 6,396 Crore (as on 31st March, 2021)
Expense Ratio1.89% (as on 28th February, 2021)

10. DSP Dynamic Asset Allocation Fund (Category – Hybrid: Dynamic Asset Allocation)

The DSP Dynamic Asset Allocation Fund invests in debt instruments, including bonds, non-convertible debentures, debentures, GOI securities, mutual funds, and treasury bills. This open-ended fund has a NAV of 18.3880 (Regular Growth) (as on 19th April, 2021), and is one of the top-performing funds in the ‘Hybrid: Dynamic Asset Allocation’ category. The fund was launched on 6th February 2014 and has given trailing returns of 21.44% in one year (as on 19th April, 2021). The fund considers the CRISIL Hybrid 35+65 Aggressive TRI as its benchmark.  

Key Information

Minimum InvestmentINR 500
Minimum Additional InvestmentINR 500
Minimum SIP InvestmentINR 500
Minimum WithdrawalINR 500
Exit Load1% for withdrawals before 364 days
Return Since Inception (6th February 2014):38.82% (as on 19th April, 2021)
AssetsINR 3,205 Crore (as on 31st March, 2021)
Expense Ratio1.99% (as on 28th February, 2021)

How Can You Invest in DSP Mutual Fund Via EduFund?

EduFund simplifies the process of investing in DSP Mutual Fund. You need to follow six steps to invest in DSP mutual fund. 

Step 1 – Download the App and Create an Account: Open Google Play Store or Apple App Store. Create an account by entering your name, address, mobile number, email address, and other details.

Step 2 –  Choose the Scheme: Browse the list of DSP mutual fund schemes and select a scheme. You can invest a lump sum in the growth or dividend option. Alternatively, you can choose a Systematic Investment Plan (SIP) with a minimum amount of INR 500. EduFund’s recommendation engine automatically suggests the right scheme for achieving your financial objectives.

Step 3 – Manage Your Transaction(s): The EduFund app is your all-in-one source for getting all information related to your account. You can invest in new schemes, withdraw your money, download the account statement, switch your investment from one fund to other fund(s), or compare funds.

Step 4 – Discuss With a Counsellor: Sometimes, it may become difficult to align your financial investments with life goals. EduFund’s expert counsellors can help you find the most suitable fund for your needs.

EduFund secures all transactions with top-class authentication and encryption features to make sure your financial transactions are as safe as banks.

Seven Best Performing Fund Managers at DSP Mutual Fund

The fund manager plays a crucial role in determining the growth of your capital. Their knowledge about the market and the timing of entry and exit from a financial instrument affect the returns. The following are the seven best fund managers at DSP AMC.

1. Aayush Ganeriwala

Aayush Ganeriwala is an experienced and qualified fund manager at DSP AMC. He joined DSP Investment Managers in June 2019. He has many qualifications, which include B.Com (H) from St. Xavier’s College, Kolkata, CS (ICSI), CA (ICAI), CFA (USA), PGDM (IIM-L), and FRM (GARP). Mr Ganeriwala primary area of interest in Oil, Gas, and Metals. The mutual fund schemes managed by him include DSP A.C.E. Fund (Analyst’s Conviction Equalized) – Series 2, DSP Arbitrage Fund, and DSP Natural Resources and New Energy Fund.

2. Abhishek Ghosh

Mr Abhishek Ghosh is an experienced fund manager. He joined DSP Investment Managers as Assistant Vice President (Equities) in September 2018. His educational qualifications include an MBA (Finance) and BE (Electronics). His fourteen years’ work experience took him through renowned financial institutions like IDFC Securities, Motilal Oswal, BNP Paribas, B&K Securities,  and Edelweiss Financial Services. Mr Ghosh manages funds like DSP Dynamic Asset Allocation Fund, DSP Equity & Bond Fund, and DSP Equity Fund.

3. Anil Ghelani

Mr Anil Ghelani, CFA Charter Holder, CA (ICAI), and B.Com (University of Mumbai) is the Head of Passive Investments & Products at DSP Investment Managers. He joined the company in 2003. Since May 2019, he has also been working as a fund manager. He has extensive experience in managing a portfolio. In his capacity as the Business Head & Chief Investment Officer at DSP Pension Fund Managers, he introduced several innovative techniques to maximise the company’s profits. Before joining DSP AMC, he worked at IL&FS Asset Management Company and S.R. Batliboi. Besides DSP, Mr Ghelani also serves the CFA Society India as the Director and Vice-Chairman. He manages various DSP mutual fund schemes like DSP Quant Fund, DSP Equal Nifty 50 Fund, DSP Nifty 50 Index Fund, DSP Nifty Next 50 Index Fund, and DSP Liquid ETF.

4. Atul Bhole

Mr Atul Bhole has been associated with DSP Mutual Fund since May 2016. He joined as the Vice President (Investments). He has worked with various reputed financial organisations like Tata Asset Management Ltd., JP Morgan Services (India) Pvt. Ltd., and State Bank of India. During his stint with Tata Asset Management Ltd., he managed several funds like Tata Midcap Growth Fund, Tata Balanced Fund, and Tata Equity P/E Fund. Mr Bhole did his Masters in Management Studies from Jamnalal Bajaj Institute of Management Studies. He has also successfully cleared the Chartered Accountancy examination. The funds managed by Mr Atul Bhole includes DSP Dynamic Asset Allocation Fund, DSP Equity Fund, and DSP Equity & Bond Fund.

5. Charanjit Singh

Mr Charanjit Singh has an MBA in Finance and B.Tech in Electronics and Communication Engineering. He joined DSP as the Asst. Vice President(Equity) in September 2018. Before joining DSP AMC, he worked with renowned financial institutions like Axis Capital, B&K Securities, BNP Paribas Securities, IDC Corp, Thomas Weisel Partners, HSBC, and Frost & Sullivan.  Mr Singh manages funds like DSP Equity Opportunities Fund, DSP Tax Saver Fund, and DSP India T.I.G.E.R. Fund (The Infrastructure Growth and Economic Reforms Fund).

6. Diipesh Shah

Mr Diipesh Shah joined DSP Investment Managers as Vice President (ETF & Passive Investments). He manages the portfolio for equity and fixed income ETFs. He also manages Index funds. Mr Shah works actively towards increasing DSP mutual fund’s clout in the passive investments space. He has worked in this sector for over 19 years and has experience in Cash & Derivatives Sales Trading, Equity Research, Buy-Side Trading, and Fixed Income risk management.  Before joining DSP mutual fund, he worked with Centrum Broking, JM Financial, ICICI Securities, IIFL Capital Pte Ltd Singapore, and IDFC Securities. Mr Shah manages funds like DSP Quant Fund, DSP Equal Nifty 50 Fund, DSP Nifty 50 Index Fund, and DSP Liquid ETF.

7. Jay Kothari

Mr Jay Kothari joined DSP Investment Managers in May 2005. He is currently engaged as the Senior Vice President & Product Strategist. Before joining DSP AMC, he worked with Standard Chartered Bank. He has completed BMS in Finance and International Finance from and MBA (Finance) from the University of Mumbai. Mr Kothari looks after the overseas investments division of DSP AMC. He actively manages funds like DSP Small Cap Fund, DSP Focus Fund, DSP Natural Resources and New Energy Fund, DSP World Gold Fund, and DSP World Energy Fund. 

Why Should You Invest in DSP Mutual Fund?

DSP mutual fund is one of the fastest-growing mutual fund houses in India. The fund house has funds across various sectors. DSP mutual fund’s managers have significant experience in portfolio management and income-generation. DSP Investment Managers has branches all over India. Alternatively, you can download the EduFund app and invest directly.

Select EduFund For Investing in DSP Mutual Fund

EduFund simplifies investing in DSP Mutual Fund. EduFund’s top-class fund tracker picks out the best funds suiting your requirements. In case you need more help, EduFund’s experienced counsellors are there to discover your needs and find the best funds. You can start a SIP with a lowly INR 500 or invest a minimum lump sum amount of INR 5,000. 

EduFund’s scientific fund’s tracker scans more the one lakh data points and over 400 financial scenarios to pick out the best DSP mutual fund schemes for you. You can use several free tools, such as College Savings Calculator or SIP calculator, to figure your needs. Moreover, you can select the best funds without requiring any technical knowledge of the capital market. 

EduFund uses top-class security parameters, such as 128-SSL, to safeguard your transaction and investments. Download the EduFund app and start saving for your child’s higher education.

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    5 financial things to consider before child planning.

    5 financial things to consider before child planning.

    Both life and wallet will never be the same once you decide to have a baby. No event in your life will signify financial change quite the way this one does, from the first prenatal appointment to the day of their college graduation (and beyond). 5 financial things to consider before child planning 1. Create a budget Before you start child planning, you need to have a budget in place. You and your partner may need to create a realistic budget based on your expenses and your streams of income. Once you know how much you can afford to spend, you will be able to tackle the costs easily. A new child is a new family member that needs space! So if you need extra space once the baby is born, figure out what kind of home you can afford, whether it's a slightly larger apartment, a warm cottage, or a pricey house. Will you want the latest baby things or your sister’s passed-on ones? Think about what sort of child care would you require and get candid with your expenses before you start making any purchases. 2. Costs associated with birth As new parents, you need prenatal vitamins, alternative therapies, labor and delivery alternatives, and screening tests. Give yourself enough time to change or upgrade insurance plans should you need more comprehensive coverage. Good health insurance is vital in this economy. Hospital bills, medical fees, and maternity costs can be high. According to estimates from the industry, a straightforward delivery could cost between Rs 50,000 and Rs 70,000, but a private specialty hospital could charge up to Rs 2-3 lakh. A cesarean delivery could result in a cost rise of up to Rs 4-5 lakh. Before having a kid, you should make financial arrangements for the costs associated with the delivery and child care. 3. Consider maternity leave The vast majority of Indian employees are not entitled to paid family leave. If the mother is employed, you might need to think about taking a lengthier (unpaid) maternity leave or a sabbatical for a year or two. This can be a huge financial loss for families that rely on both streams of income. Paid parental leave is not always an option. Find out if your workplace offers paid leave for new parents and if there are any policies in your favor that you can utilize. Determine the number of weeks covered and the proportion of your salary that is used. Do you have to use your sick and vacation days first? If you don't have access to paid time off or you're going to take more unpaid time off, you might want to cut costs or rely on your savings. Additional read: Money management tips for homemakers 4. Purchase life and health insurance You'll want your child to be stable financially if something were to happen to you or your partner. A life insurance policy can assist pay for things like child care, housekeeping, cooking, and more. Purchasing maternity insurance is the first action you can take to cover maternity costs. When purchasing health insurance, (even for a couple), it is important to confirm that the policy includes coverage for maternity costs and, if applicable, any applicable waiting periods. Additionally, by paying a larger rate, you might add pregnancy coverage to a current insurance policy. Buying health insurance is most important when considering having a child. Get your health covered in your plan so that you are not financially burdened in case of a health emergency. 5. Plan for child’s education Just like the prices of lemons and oranges are growing, the cost of education is skyrocketing. Saving for your child’s college is a necessity. When it comes to saving money for college, time and compound interest are your best friends. Even while inflation is an unavoidable fact, keep in mind that education inflation is far higher. Utilizing the force of compounding is one approach to combat this, but it will only be effective if you have a long-term strategy in place. You indeed have no idea what career path your child will take, but you still need to put aside a portion of capital that can be utilized when the time comes. Right now, you need to think about the type of education you would like to offer because the practical costs of studying engineering in India vs the US would be very different. From giving birth to seeing them off to college, watching your child grow and thrive is every parent’s dream! So give those dreams wings by planning ahead and investing for their bright future!  Consult an expert advisor to get the right plan TALK TO AN EXPERT
    5 Pro tips on creating your child's education fund

    5 Pro tips on creating your child's education fund

    Everyone speaks about the rewards of preparing early for education funds and securing them as soon as possible. What they forget to explain is how to reach that goal. Fear not, for we have prepared a list of things you might want to tick off if you want to secure your child’s education.  1. Choosing the right platform is important There are a number of investment platforms available for investors. As an investor with a goal in mind (the education fund for your child), it is important to choose a platform that is built for that purpose or has certain advantages in the pursuit of your goal. There are two great advantages of choosing a goal-specific platform - one, you separate your investments in a way that you know how much amount is set aside for that particular goal every month, and second, you get the added goal-related benefits that the platform could offer. In the case of EduFund, a platform built for parents to save for their children's education fund, you have added advantages like readily available education loans if you fall short, or free counseling if your child needs it. 2. Investing in the right mutual funds  Once you decide to invest in mutual funds to achieve higher returns than Fixed Deposits, you also need to do your research to find which investment schemes are best suited for you. Many factors play crucial roles in this procedure. For example, one of the first things you need to consider is the balance between your monetary goals and the level to which these will be fulfilled by the fund returns and the risk associated.  Time is another important factor that will shape your decision in this matter. You also need to consider what exactly you want out of your investment whether it is tax reductions or high returns with high risks or more stabilized returns with low risks. To indulge in smart investments, stay aware of the best investment schemes currently trending in the stock market. 3. Investing in international stocks Parents who like to stay alert about the current trends related to the education system and finances must be well aware of the phenomenon called education inflation. This is what makes a global education exponentially more expensive than one attained within India.  The value of the Indian Rupee has depreciated over the years against foreign currencies like the American dollar. This means that the cost of a course pursued in a foreign land like the US or the UK will be tenfold compared to the same course pursued in this country. The cost of living will be equally high overseas. A smart way to deal with this problem is to invest in international equity funds. This means higher returns because if you invest in US stocks, you will be earning in dollars, not rupees. Moreover, if your investments in Indian stocks get affected by market fluctuations, you can still depend upon your foreign stock investments which will remain relatively more stable.  4. Consider the availability of education loans  Sometimes your life savings and your investment returns are not enough to fund your child’s education. Do not worry. Education loans can take care of your child’s aspirations in such situations. Even if you are in a position to be able to afford your kid’s dream college, student loans are still a healthy way to teach your kid the value of money and how to build credit.   Creditworthiness is a virtue that will financially discipline your child so that they can take monetary decisions in your absence. It will also ensure that they can take future loans as part of their education fund at low-interest rates. Only loans exceeding a very high amount of money require collateral or a security deposit, which means you can easily avail of student loans.  5. The right guidance for your children Career and academic counseling sessions are crucial for your kid if they are going through a transition phase in their lives. As their primary caregiver, you are entitled to guide their way but sometimes what might be required is professional help. You are longer required to pay for these counseling sessions. A platform like EduFund offers them the best education counseling services in India for free of cost. Let nothing stop your child from achieving their goals.  6. Expert advice to get you to your goal EduFund believes in helping you attain as much clarity on financial affairs as possible. In case of expert advice on investment, you can rely on the world-class experts from EduFund. The Edufund app provides you with all the useful tools to attain the best from your child’s education fund.  For example, it comes with a calculator that helps you calculate the education cost. This is a smart calculator developed to give you inflation-adjusted rates. This is the first step toward getting an idea of how much you will need to invest or save up as an education fund.  FAQs How do I plan my child education fund? Starting early is key to building your child's education fund. You can start saving with mutual funds, PPF, US stocks, Indian stocks, fixed deposit and much more. Before starting it is important to consult a financial advisor and figure out the cost of education before starting an SIP. Which fund is best for child education? Here are some of the best funds for your child's education fund: Axis Long-Term Equity FundSBI Equity Hybrid FundParag Parikh Flexi Cap FundAditya Birla Sun Life Tax Relief 96 Fund Growth Aditya Birla Sun Life Tax Plan-GrowthDSP BlackRock Tax Saver Fund Growth Axis Long-Term Equity Fund Growth How do you build a corpus for child education? The first step to building a corpus for child education fund is to figure out the cost using the College Cost Calculator. Knowing the financial goal you need to invest in before starting an SIP helps you remain focused and know the exact amount you need to save monthly to get started. Conclusion What seems like a mammoth task can be easily managed by diving it into smaller tasks and simplifying it. Each small step is quite crucial in itself. But once you have the checklist ready, you can be sure if not losing sight of things. DisclaimerMutual fund investments are subject to market risks. The previous performance of a fund or scheme is no guarantee of future success. Please read the offer document carefully before investing.
    5 reasons why SIP is the best investment choice?

    5 reasons why SIP is the best investment choice?

    A systematic investment plan or SIP is a plan that helps you invest in mutual funds on a regular basis.  You can choose to invest weekly, monthly or even quarterly – the most popular choice being monthly. There are multiple reasons why SIPs are the best way to grow your money especially when you have a goal to plan – e.g. your child’s education. SIPs can be bought easily and you can start with a very low amount - Rs. 500 per month. In this blog, we will talk about the ‘Big 5 advantages’ that SIPs offer to you as a parent. But before that, let's understand what a SIP is What is SIP? A SIP or systematic investment plan is an investment mode through which an investor can create a regular mechanism of investment for themselves. Let's take the example of investor X. Investor X wishes to invest Rs. 10,000 every month in a mutual fund. In this case, investor X can create a SIP for a fund they want to invest in and the money will be deducted every month automatically (the deduction can be weekly, monthly, or even quarterly, depending on the investor's choice). Think of it as a recurring deposit, with better returns. Now that we know what a SIP is, let's get to know why investing via SIP is the best choice you can make to enlarge your corpus. 5 Reasons why you should invest via SIP These are the 5 main reasons why you should invest via a systematic investment plan to reach your financial goals 1. Suitable for Long-Term Investment Any financial advisor will tell you that if you want to invest long-term, SIP is the way to go. The reason is simple, regular investing and automatic deductions keep investors motivated to stay invested and reach their investment goals quicker. During the 2008 financial recession, many people withdrew money from mutual funds. However, the ones that remained invested via SIP, attained a huge profit once the markets rose. Long-term investing makes sure that even if the market is down at the moment, once the markets rise, the investor will make profits. 2. Goal-planning ‍SIPs are good tools to plan for a future goal – to buy a 4-wheeler or to pay for college tuition fees maybe 10-15 years from now. When you determine the amount required to achieve your goal, you will know how much you should invest and how long it will take to reach your goal. This will help in planning effectively. Having financial goals is very important to creating a financially secure future. One must have a defined idea about what financial goal one wants to reach by the age of 30, 40, 50, and so on. 3. Effect of Compounding Compounding is one of the biggest advantages of a SIP. Over time your investments grow because you start earning returns not on your principal amount, but on the interest that keeps getting added to it. Let's take an example. Suppose you invest Rs.1,000 in a mutual fund which gives you a yearly return of 10% p.a. Your amount becomes 1,100. at the end of the first year. At the end of the second year, the rate of return is 11%, this time the returns will be calculated on Rs. 1,100 and not the principal amount, which is, Rs. 1,000. ‍This ensures growth of your corpus and one of the reasons why experts advice you to not withdraw your investments when the market is down. 4. Curated by Experts With the increasing number of fund types like equity, debt, mixed, gold-based etc. there is a wide variety to choose from based on your risk appetite and preferred investment duration. This has led to customized offerings based on individual needs, supervised by experts in the SIP domain. All you need is to specify your goal and timeline and you are provided with the best possible funds that can meet your future goals. ‍SIPs have become popular over the past few years, because of the ease of investing and the flexibility provided in terms of the amount of money that can be invested. You can stay invested as long as you want, although average returns have been higher when invested in the long term. Research also shows that the returns offered by SIPs are more than recurring deposits in banks, in the long term. 5. Automates Your Investment Experience SIPs automate your investment experience, which makes you a regular investor. It is easy and convenient and because of the online surge, today, it is super easy to invest via SIP. If you choose the lump sum method, you will have to manually invest an amount and there may be times when you can miss an installment. ‍With automated installments and a streamlined process, investing via SIP has now become an extremely popular method, to reach long-term goals like saving up for your child's education. Consult an expert advisor to get the right plan TALK TO AN EXPERT
    SIP
    5 tips to know before investing in US stocks

    5 tips 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, and well-regulated stock markets in the world is the one in the United States. On US stock markets are listed some of the largest businesses in terms of market capitalization, sales, and profitability. The worldwide exposure and flavor that US markets offer are crucial since many of these listed firms have a significant global presence, scale, and operational structure. The regulatory body that monitors the operation of the US stock markets is the Securities and Exchange Commission (SEC), which was founded in 1934. It guarantees the strict application of laws and rules that establish the highest standards of openness and integrity—essential for stock markets as well as for the safety and trust of investors. 2. Impact of Foreign Exchange  The volatility in the value of the US and other currencies should be taken into account while investing in US equities. This is because before any gain (or loss) for an Indian investment is realized, it would be converted using the appropriate exchange rate in the Indian rupee. The gains (or losses) will fluctuate in lockstep with changes in the exchange rate. An Indian investor must be aware that the exchange rate can be unpredictable and is influenced by a wide range of political, economic, and supply and demand variables. 3. Liberalized Remittance Scheme According to the Reserve Bank of India's Liberalized Remittance Scheme, an individual may invest up to $ 250000 per year in US equities from India (LRS). The cap covers any money sent abroad for purchases, travel, education, or other international transactions during the year. The investor's brokerage account has to be filled before making any investments in US equities. Investors must complete Form A-2, which is available from RBI-authorized dealers. Any sum over the $250000 cap requires RBI approval. Additional read: US stocks for investing in child education 4. Taxation To make your efforts worthwhile, it is crucial to take into account the tax consequences of your international assets. Due to the Double Tax Avoidance Agreement (DTAA) between the US and India, the same income cannot be taxed twice on investments made in the US stock market. 5. Dividend tax The dividends from US stocks are taxed at a fixed rate of 30% for overseas investors. However, as a result of the tax agreement between the US and India, citizens of India pay a 25% tax rate (deducted before distribution). However, because of the double tax avoidance agreement between the US and India, the tax paid in the US may be claimed as a foreign tax credit in your domestic filing. 6. Capital gains tax Your assets in the US are not subject to capital gains tax. However, India requires you to pay tax on your overseas capital gains. This may be divided into two groups.: Long-term capital gain (LTCG)If you keep the equities for more than 24 months before realizing capital gains, you will be subject to indexation advantages and a 20% tax rate in addition to any relevant fees and other surcharges. Short-term capital gain (STCG)Standard income-tax regulations apply to any gains from assets held for less than 24 months, and they are added to your ordinary taxable income. You must also take into account the recently implemented Tax Credited at Source or TCS. Under the new regulations, a 5% TCS will be applied to all international transfers over INR 7 Lakhs in a fiscal year. It is not an additional expenditure to deduct this advance tax when submitting your taxes each year. Charges on US stock-broking account  Using an Indian stock brokerage account to invest in the US stock market is prohibited. You would need to create one with a US stock brokerage company instead. To provide this service, the majority of Indian stock brokers who allow you to invest in US equities typically collaborate with a US stockbroker. You would also be required to pay certain fees for a US stock broking account, just like you would for an Indian trading account. This is something you should also take into consideration when you buy US stocks because these fees can reduce your earnings. These fees include Annual Maintenance Costs, brokerage charges, bank charges, transaction charges, and more. Invest in the US stocks with EduFund  Download the EduFund app and create an account to start investing in US stocks. With zero charges and no hassle account opening process from the comfort of your home, you can start investing in FAANG stocks in your portfolio to geographically diversify your portfolio!! Thus, investing in US firms and equities may give investors access to the worldwide market, credibility, and an opportunity to increase their wealth. Consult an expert advisor to get the right plan TALK TO AN EXPERT
    5 top investments for risk-averse investors

    5 top investments for risk-averse investors

    All investments are associated with risks. Yet, the risk is not uniform, and it's essential to be aware of the different levels of risks linked with all types of investment instruments. This is why the first thing to consider before investing is how much of a risk appetite has – how much risk one is willing to take. Want to know the best investment options for risk-averse investors but still generate good returns? Continue reading this article to know more! What is risk averse? Risk-averse refers to an investor who chooses to preserve the capital over and above its potential to generate returns that are higher than the average. Risk can refer to many factors – volatility, currency, market, credit rating, etc. Risk-averse can also refer to a conservative investor. Low risk symbolizes stability in investments. A low-risk investment generates guaranteed reasonable returns, if not outstanding, above benchmark returns. But chances are near zero that the principal investment amount will be lost. Whereas a high-risk investment option may gain or lose money over time. Risk-averse investors are unwilling to accept market volatility. They prefer their investments to be highly liquid - readily available to be withdrawn. Such investors usually include old investors or retired individuals who depend on their savings for their daily expenses. Additional read: Taxation in mutual funds Is FD a good option for risk-averse investors? One should constantly adjust their returns against the current inflation rate. The current Fixed Deposit interest rates are 5-7% p.a. on average. But the current inflation rates are around 6-8% p.a. Give these figures a thought. The price you pay for your everyday goods and services is rising at 6-8%, whereas your FD investments are growing at only 5-7%. FDs do not increase the value of your money over time. In fact, you actually lose money or its purchasing power over time. Do you think FDs are the safest investment option? Banks defaulting on payments is rare but definitely possible. The Deposit Insurance and Credit Guarantee Corporation (DICGC) guarantees Rs. 5 lakhs per person per bank if the bank defaults. Let's not forget the liquidity part of this instrument. Fixed deposits can have a lock-in ranging from 3-5 years. Banks penalize the investors for withdrawing money before the lock-in is over. This penalty is in the form of a reduction of interest rate by a certain percentage. What are the best investment options for risk-averse investors? The market is filled with many investment options for investors with varying risk appetites. Let's look at some of the best investment options for risk-averse investors: 1. Short-term bond fund: The best alternative for investors who do not want exposure to FDs or volatile instruments. Short-term bond funds – bond funds with low maturity and a high potential to offer better returns. Debt Funds with longer maturity are subjected to interest rate risk. But short-term bonds have a lower interest rate risk as their maturity period is much lower. 2. Municipal and Corporate Bonds: State and local governments and companies usually raise money by issuing bonds to the public. Bonds offer lower risk than stocks. When a company is winding up, the bondholders are given first preference in the payment and settlement order. 3. Other debt funds: Other debt funds include banking and PSU Funds, ultra-short duration funds, Dynamic Bonds, etc. You could always invest a lump sum in these debt-based mutual funds and opt for a Systematic Withdrawal Plan (SWP). This would ensure that along with the returns being generated on your investments, you would also get a monthly income from these investments. This investment option is one of the best options for older people who want a monthly income. 4. Liquid funds: Invest in top-rated liquid funds to avoid loss of capital with a higher degree of safety for your primary investment. Also, when the market moves up, your investment performs better and generates higher returns in line with the market. 5. Dividend growth stocks: Stocks are not as safe as cash, savings, or other debt-based instruments. But they are safer than options and futures. Dividend-paying stocks are considered safer than high-growth ones as they minimize volatility, if not eliminate it. You don't depend on the value of the stock as you get a dividend as a regular income on your investment. Apart from debt-based investments, you could also apply a staggered investment approach in equity-based mutual funds for a long-time horizon. A periodically rebalanced portfolio helps you minimize your portfolio volatility and ensures efficient capture of up-market and down-market movements even with equity exposure.  Take the help of an Investment Advisor who will guide you through goal-based planning and help you choose your investments that are most suitable to your goals and objectives and your risk appetite. Consult an expert advisor to get the right plan for you TALK TO AN EXPERT
    5 types of mutual funds

    5 types of mutual funds

    Investing in mutual funds for your child’s education is always advisable. First of all, it is a less stressful option than investing in direct equity stocks because that requires you to have in-depth knowledge of market trends and fluctuations. Secondly, with mutual funds, there are a variety of schemes you can opt for depending on a range of factors. These factors could include the time period for which you can invest before liquidating, the amount of money you can invest, the amount you require to secure the education fund, the level of risk you can take, and so on.  When it comes to building an education fund, here are the top 5 types of mutual funds you can choose from. 1. Large-cap mutual funds The defining characteristic of large-cap equity funds is the fact that these funds invest in the top 100 Indian companies that have the highest market value. Large-cap mutual funds can bring in impressive returns if you remain invested for a long period. If you are a person who wants to avoid taking very high risks with your investments and has decided on investing early for your child’s education, this is the way to go. The average returns rate has historically beaten that of Fixed Deposits and similar investment alternatives. 2. Mid-cap mutual funds Mid-cap funds invest in Indian companies that come in the next best 250 in terms of market value. These funds are for you if you are ready to take on a higher level of risk. Justifiably, the return rates also tend to get higher. One way to satiate the risk appetite of mid-cap equity funds is to let them season for at least 7-10 years. If your child is in primary or middle school, investing in such a scheme will generate a wholesome amount of wealth by the time they are ready to pursue a college education.   3. Equity-linked saving schemes  Among the various perks of investing in mutual funds is the tax deduction benefit. Equity Linked Saving Schemes are devoted to enabling investors to save taxes, as the name also indicates.  The only catch here is that it has a compulsory lock-in period of at least 3 years. The aim here is to keep you invested longer to counter the risk level. If you can spare that amount of time, then ELSS is definitely a go-to. An added benefit is the historically high level of returns.   4. Low-risk options  There is this whole myth surrounding mutual funds that they only come with a high-risk factor. On the contrary, a debt fund is also a kind of mutual fund that comes with low risk, so much so that it remains undisturbed by market fluctuations.  Debt funds are still a better option than Fixed Deposits because they can generate a higher percentage of returns. So, if you are not in favor of taking high risks, debt funds are a go-to.  5. Hybrid mutual funds  If you are confused about your investment options or even hesitant about risking too much, the answer to your problems is a hybrid mutual fund. This kind of fund is a mixture of equity as well as debt.  Hybrid mutual funds bring in the best of both worlds. They tend to generate good returns at low risk. FAQs What are the different types of mutual funds? Large-cap mutual funds Mid-cap mutual funds Equity-linked saving schemes Low-risk options Hybrid mutual funds Which type of MF is best? The best type of mutual fund is the Hybrid mutual fund. Which MF gives highest return? Equity linked mutual funds are considered the mutual funds with the highest returns. Conclusion There will be miscellaneous financial goals you will be required to set if you are a family person. One among these might be to straighten up the roadmap to your child’s academic and career aspirations. The first step is calculating your expected expenses with the help of an education cost calculator. The calculator will help you draw your investment map to fulfill your child's aspirations. The earlier you invest, the more prepared you will be to make critical decisions as the moment arrives. DisclaimerMutual funds are subject to market risks. The previous performance of a fund is no guarantee of future success. Please reach out to an expert to know more about the schemes before investing.
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