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April 18, 2021

Invesco Mutual Fund

finance
Invesco mutual fund

Invesco Asset Management Company (AMC) Private Ltd India is a part of Invesco Ltd, headquartered in Atlanta, Georgia, USA, which has delivered high returns and is a leading investment management firm set up on 20th May 2005.

This AMC entered India in 2013 in partnership with the well-established Religare Securities Ltd. company (51% share). Together they formed Religare Invesco Asset Management Co. Ltd., which was co-owned by both the giants – Invesco and Religare.

Invesco Mutual Fund was established in 2006 to cater to the investment needs of retail investors through mutual funds. It is one of the leading independent fund houses in the world.

An impressive blend of investment excellence, sustainable business models, and organizational strength has helped the fund house to generate a large number of investor folios.

It offers a broad portfolio of mutual fund schemes across equity, fixed income, and hybrid categories along with the fund of fund schemes and exchange-traded funds. It endeavors to deliver best-in-class investment products using its expertise and the global resources of Invesco.

Since its inception, Invesco India mutual fund AMC manages assets worth Rs. 37476 crores, as of 31st March 2021 offering 110 mutual fund schemes that include 33 equity, 111 debt, and 14 hybrid funds.

This top-notch Asset Management firm’s main objective is to target the needs of the domestic and international markets and fulfill them, creating optimum returns for their investors.

The company has sustainable business models that assist investors in scaling up and providing outstanding financial services. It offers an extensive array of funds suitable for multiple market capitalizations.

The professional experts at the company analyze the market with exceptional exactness and help the investors take the right financial decisions catering to clients in more than 120 countries.

Invesco is well-equipped with a dynamic outlook, and its flexibility with the changing financial world is worth applause.

Saurabh Nanavati, CEO of Invesco India mutual fund, believes in investing in companies of all kinds – retail, institutional and corporate companies. The company offers investors a plethora of trade-worthy mutual fund schemes and professional assistance to earn quality returns on their investments.

Important information about Invesco Mutual Fund

ParticularsDetails
ChairmanMr. V. K. Chopra
CEO and MDMr. Saurabh Nanavati
CIOMr. Taher Badshah
Auditors  M/s Deloitte Haskins & Sells / M/s. Price Waterhouse Chartered Accountants LLP at Invesco AMC
Investor Service OfficerMr. Surinder Singh Negi
Compliance OfficerMr. Suresh Jakhotiya
Registrar and Transfer AgentKFin Technologies Pvt Ltd.
CustodianDeutsche Bank
Head OfficeMumbai
Total Number of schemes48
SponsorInvesco Hong Kong Limited
TrusteeInvesco Trustee Private Limited
RegistrarsKarvy Computershare Pvt. Ltd.
Set-Up24th July 2006
Incorporated20th May 2005
Name of TrusteesDean Chisholm (Associate Director) Jeremy Simpson (Associate Director) Bakul Patel (Independent Director) Satyananda Mishra (Independent Director) G. Anantharaman (Independent Director)
A customer can write to or visit the Invesco mutual fund office atAddress- Unit No. 2101 A, 21st Floor, A-Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel, Mumbai 400013.
Invesco mutual fund customer care number022-67310000, 022-23019422 (fax
Invesco mutual fund toll-free number1800 209 0007
Emailpms@invesco.com; mfservices@invesco.com

Ten top-performing Invesco mutual fund schemes 

Invesco has mutual funds in almost all categories permitted by the Securities and Exchange Board of India or SEBI. Here is a list of the ten best-performing Invesco mutual fund schemes in India.

1. Invesco India Mid Cap Fund Direct-Growth Category – Equity: Mid Cap)

The scheme’s main objective is to create capital appreciation by investing in Midcap companies.

The Invesco India Mid Cap Fund Direct-Growth Category, with a NAV of 78.330 (as of 2nd May 2021), is the top-performing fund in the ‘Equity: Mid Cap’ category.

This open-ended fund was launched on 01 Jan 2013 and has given trailing returns of 58.60 in one year, and 44.98% in 3 years (as of 30th April 2021).

The fund considers the NIFTY Midcap 100 Total Return Index as its benchmark and is currently managed by its fund managers Pranav Gokhale and Neelesh Dhamnaskar.

Key information

Minimum InvestmentINR 5,000
Minimum SIP InvestmentINR 500
Exit LoadFor units in excess of 10% of the investment, 1% will be charged for redemption within 1 year.
Return Since Inception (01 Jan 2013):342.29% (as of 30th April 2021)
AssetsINR 1389.34 Crore (as of 31st March 2021)
Expense Ratio0.74% (as of 31st March 2021)
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Invesco mutual fund

 2. Invesco India Tax Plan Direct-Growth (Taxsaver: ELSS Fund)

The scheme’s main objective is to create long-term capital growth from a diversified portfolio of equity and equity-related securities.

It intends to invest across market capitalization sectors using a diligent bottom-up approach. It aims to have a concentrated and well-researched portfolio, which would be around 20 – 50 stocks.

The Invesco India Tax Plan Direct-Growth Category, with a NAV of 76.6200 (as of 2nd May 2021), is in the Taxsaver: ELSS Fund category.

This fund was launched on 01 Jan 2013 and has given trailing returns of 49.50 in one year, and 40.30% in 3 years (as of 30th April 2021).

The fund considers the S&P BSE 200 Total Return Index as its benchmark and is currently managed by its fund managers Amit Nigam and Dhimant Kothari.

Key information

Minimum InvestmentINR 5,00
Minimum SIP InvestmentINR 500
Exit LoadNIL
Return Since Inception (01 Jan 2013):286.97% (as of 30th April 2021)
AssetsINR 1512.41 Crore (as of 31st March 2021)
Expense Ratio0.91% (as of 31st March 2021)
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 3. Invesco India Contra Fund Direct-Growth (Equity: Value-Oriented Fund)

The scheme’s main objective is to create capital appreciation by investing in Equity and Equity Related Instruments using contrarian investing.

The Invesco India Contra Fund Direct-Growth, with a NAV of 70.3800 (as of 2nd May 2021), is in the Equity: Value Oriented Fund category.

This fund was launched on 01 Jan 2013 and has given trailing returns of 52.47 in one year, and 35.29% in 3 years (as of 30th April 2021).

The fund considers the S&P BSE 500 Total Return Index as its benchmark and is currently managed by its fund managers Taher Badshah and Dhimant Kothari.

Key information

Minimum InvestmentINR 5,00
Minimum SIP InvestmentINR 500
Exit LoadFor units in excess of 10% of the investment, 1% will be charged for redemption within 1 year.
Return Since Inception (01 Jan 2013):300.80% (as of 30th April 2021)
AssetsINR 6476.52 Crore (as of 31st March 2021)
Expense Ratio0.57% (as of 31st March 2021)
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4. Invesco India Largecap Fund Direct-Growth (Equity: Large Cap Fund)

The scheme’s main objective is to create capital appreciation by investing in large-cap companies.

The Invesco India Large-cap Fund Direct-Growth, with a NAV of 40.3300 (as of 2nd May 2021), is in the Equity: Large Cap category.

This fund was launched on 01 Jan 2013 and has given trailing returns of 41.46% in one year, and 33.63% in 3 years (as of 30th April 2021).

The fund considers the NIFTY 50 Total Return Index as its benchmark is currently managed by its fund managers Amit Nigam and Nitin Gosar.

Key Information

Minimum InvestmentINR 100
Minimum SIP InvestmentINR 100
Exit LoadNIL
Return Since Inception (01 Jan 2013):207.39% (as of 30th April 2021)
AssetsINR 290.74 Crore (as of 31st March 2021)
Expense Ratio1.11% (as of 31st March 2021)
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5. Invesco India Growth Opportunities Fund Direct-Growth (Equity: Large and Mid Cap Fund)

The scheme’s main objective is to create capital appreciation from a diversified portfolio of Equity and Equity Related Instruments of Large and Midcap companies.

The Invesco India Growth Opportunities Fund Direct-Growth, with a NAV of 48.8700 (as of 2nd May 2021), is in the Equity: Large and Mid Cap category.

This fund was launched on 01 Jan 2013 and has given trailing returns of 45.32% in one year, and 32.55% in 3 years (as of 30th April 2021).

The fund considers the S&P BSE 250 Large MidCap 65:35 Total Return Index as its benchmark and is currently managed by its fund managers Taher Badshah and Pranav Gokhale.

Key information

Minimum InvestmentINR 100
Minimum SIP InvestmentINR 100
Exit LoadFor units in excess of 10% of the investment, 1% will be charged for redemption within 1 year.
Return Since Inception (01 Jan 2013):253.36% (as of 30th April 2021)
AssetsINR 3650.51 Crore (as of 31st March 2021)
Expense Ratio0.54% (as of 31st March 2021)
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6. Invesco India Infrastructure Fund Direct-Growth (Equity: Sectoral-Infrastructure Fund)

The scheme’s main objective is to create long-term capital appreciation by investing in a portfolio that is constituted of equity and equity-related instruments of infrastructure companies.

The Invesco India Infrastructure Fund Direct-Growth, with a NAV of 26.1700 (as of 2nd May 2021), is in the Equity: Sectoral-Infrastructure category.

This fund was launched on 01 Jan 2013 and has given trailing returns of 50.23% in one year, and 31.77% in 3 years (as of 30th April 2021).

The fund considers the S&P BSE India Infrastructure Total Return Index as its benchmark and is currently managed by its fund managers Amit Nigam and Neelesh Dhamnaskar

Key information

Minimum InvestmentINR 500
Minimum SIP InvestmentINR 500
Exit LoadFor units in excess of 10% of the investment, 1% will be charged for redemption within 1 year.
Return Since Inception (01 Jan 2013):238.11% (as of 30th April 2021)
AssetsINR 109.77 Crore (as of 31st March 2021)
Expense Ratio1.33% (as of 31st March 2021)
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7. Invesco India Financial Services Fund Direct-Growth (Equity: Sectoral-Banking Fund)

The scheme’s main objective is to create capital appreciation from a portfolio of Equity and Equity Related Instruments of companies engaged in the business of banking and financial services.

The Invesco India Financial Services Fund Direct-Growth, with a NAV of 75.5500 (as of 2nd May 2021), is in the Equity: Sectoral-Banking category.

This fund was launched on 01 Jan 2013 and has given trailing returns of 44.87% in one year, and 31.60% in 3 years (as of 30th April 2021).

The fund considers the NIFTY Financial Services Total Return Index as its benchmark and is currently managed by its fund managers Dhimant Kothari and Hiten Jain.

Key Information

Minimum InvestmentINR 100
Minimum SIP InvestmentINR 100
Exit LoadFor units in excess of 10% of the investment, 1% will be charged for redemption within 1 year.
Return Since Inception (01 Jan 2013):210.78% (as of 30th April 2021)
AssetsINR 292.80 Crore (as of 31st March 2021)
Expense Ratio1.14% (as of 31st March 2021)
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8. Invesco India Corporate Bond Fund Direct-Growth (Debt: Corporate Bond)

The fund creates regular and stable income by investing in bonds issued by corporates. The scheme will invest in bonds that are rated AA+/ AAA by credit rating agencies.

The Invesco India Corporate Bond Fund Direct-Growth, with a NAV of 2634.8148 (as of 2nd May 2021), is in the Debt: Corporate Bond category.

This fund was launched on 01 Jan 2013 and has given trailing returns of 9.09% in one year, and 30.33% in 3 years (as of 30th April 2021).

The fund considers the CRISIL AAA Short-Term Bond Index as its benchmark is currently managed by its fund managers Vikas Garg and Krishna Venkat.

Key information

Minimum InvestmentINR 100
Minimum SIP InvestmentINR 100
Exit LoadNIL
Return Since Inception (01 Jan 2013):91.18% (as of 30th April 2021)
AssetsINR 2914.44 Crore (as of 31st March 2021)
Expense Ratio0.20% (as of 31st March 2021)
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9. Invesco India Short-Term Fund Direct-Growth (Debt: Short Duration)

The scheme’s main objective is to create steady returns with moderate risk by investing in a portfolio comprising of short-medium term debt and money market instruments.

The Invesco India Short Term Fund Direct-Growth, with a NAV of 3052.2750 (as of 2nd May 2021), is in the Debt: Short Duration category.

This fund was launched on 01 Jan 2013 and has given trailing returns of 8.31% in one year, and 28.51% in 3 years (as of 30th April 2021).

The fund considers the CRISIL Short-Term Bond Total Return Index as its benchmark and is currently managed by its fund managers Vikas Garg and Krishna Venkat Cheemalapati.

Key information

Minimum InvestmentINR 500
Minimum SIP InvestmentINR 500
Exit LoadNIL
Return Since Inception (01 Jan 2013):95.30% (as of 30th April 2021)
AssetsINR 1175.15 Crore (as of 31st March 2021)
Expense Ratio0.40% (as of 31st March 2021)
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10. Invesco India Multicap Fund Direct-Growth (Equity: Flexi Cap)

The scheme’s main objective is to create long-term capital appreciation by investing in equity and equity-related securities of large, mid, and small companies. The fund uses a diligent bottom-up investment approach to select stocks across the market capitalization range.

The Invesco India Multicap Fund Direct-Growth, with a NAV of 71.1500 (as of 2nd May 2021), is in the Equity: Flexi Cap category.

This fund was launched on 01 Jan 2013 and has given trailing returns of 54.14% in one year, and 27.81% in 3 years (as of 30th April 2021).

The fund considers the S&P BSE AllCap Total Return Index as its benchmark and is currently managed by its fund managers Amit Nigam and Pranav Gokhale.

Key information

Minimum InvestmentINR 500
Minimum SIP InvestmentINR 500
Exit LoadFor units in excess of 10% of the investment, 1% will be charged for redemption within 1 year.
Return Since Inception (01 Jan 2013):297.71% (as of 30th April 2021)
AssetsINR 1171.10 Crore (as of 31st March 2021)
Expense Ratio0.93% (as of 31st March 2021)
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Using the Invesco mutual fund calculator 

The Invesco mutual fund investment may generate returns, but it is impossible to calculate the exact amount earned as returns.

But Invesco mutual fund calculator helps to estimate the returns which can be expected from the invested capital.

This can be used for both, Lumpsum and Invesco mutual fund SIP payments and to get an appropriate view of the mutual fund statement. The investor needs to fill in the following information to find the estimated returns of mutual funds:

Invesco Mutual fund calculated returns based on

  • Selected Scheme
  • Target Corpus (Rs) 
  • Investment Tenure (in months) 
  • Annual Investment Return (%) 

How can you invest in Invesco Mutual via EduFund?

It is a simple, convenient, and easy process through Invesco mutual fund login using EduFund to invest in some of the most profitable Invesco Mutual Fund Schemes, which involves a hassle-free process. Let us look at the details of the process:

Step 1: The investor needs to visit the official webpage of Invesco or he can choose to visit the main page of EduFund to initiate an investment in Invesco Mutual Funds.

Step 2: If he is a registered user, he can directly Invesco mutual fund log in to the platform using his mobile number and password/OTP. Or he would need to create his new Invesco mutual fund login ID, which can be done through EduFund as well, register using a new password, and then log in.

Step 3: He should then go to the Mutual Funds section and choose ‘Invest’ and go to ‘Explore All Funds’, placed on the left sidebar.

Step 4: From all the available Invesco Mutual Funds, the investor can choose the best type of mutual fund of his choice. All details about the chosen fund will appear on the screen, like risk level, tenure, NAV, etc.

Step 5: The investor needs to select the category and choose the payment option he wants to go with – Lumpsum or SIP. He needs to enter the amount he wishes to invest and then simply click on ‘Confirm.’

Step 6: After confirming the plan, the investor simply needs to make his payment using his bank details, net banking, or using his debit or credit card.

KYC check required for investing in Invesco Mutual Funds

KYC needs to be complete and compliant before investing in Mutual Funds will be processed within 5 working days after the payment, and KYC formalities are fulfilled.

The following SEBI-registered intermediaries need to be mandatorily contacted, and regulations need to be followed to complete the KYC:

  • AMC – Asset Management Company and The Fund House (Asset Management Companies)
  • KYC Registration Agency such as CAMS, Karvy, CSDL, NSDL, and NSE-owned DotEx International Limited

To complete the KYC online, the investor should follow the below-mentioned steps

  • To initiate Invesco mutual fund login or through EduFund using personal details and an Aadhaar-linked mobile number, which can be verified using OTP.
  • Upload self-attested copies of Identity Proof and Address Proof.

Documents required for Invesco Mutual fund investment

  • Identity Proof – Acceptable documents are Aadhaar Card, PAN Card, Passport, Driving, License,  
  • Address Proof – Acceptable documents are Aadhar Card, Driving License, Passport, Recent Utility Bill, and Rental/Lease Agreement

EduFund is a renowned portal that is registered with AMFI, BSE, and SEBI with zero fees to sign up. The investment logged in by the individual will reflect in his EduFund account within 3-5 business days.

The best-performing Invesco tax-saving mutual fund

Invesco India Tax Plan Mutual Funds are the benchmark as a beating tax saver with assured consistency and are among the top tax-saving funds.

It is a safe bet for investors seeking capital appreciation over the long term and Investment in equity and equity-related instruments.

It generates long-term capital growth from a diversified portfolio mainly consisting of equity-related securities. The key benefits of investing in Invesco Tax Saving Mutual Fund are:

  1. It is an open-ended ELSS Equity Linked Savings Scheme that comprises a lock-in period of a minimum of 3 years
  2. It helps in Tax exemptions under section 80C of the Income Tax Act 1961
  3. It is invested with a long-term perspective
  4. It has significant exposure to midcap
  5. It consists of a balanced and well-diversified portfolio

Leading fund managers at Invesco Mutual fund 

The Invesco Mutual Fund Investment experts are well-equipped with providing professional assistance within the Finance Sector with appropriate qualifications and knowledge of investment.

Some of the most efficient Fund Managers at Invesco Mutual Fund are:

Top equity fund managers

  1. Taher Badshah (Chief Investments Officer)

Taher joined Invesco AMC as a Chief Investments Officer in 2017 and has 24 years old overall experience in Indian Equity Market. He has prior experience working at Motilal Oswal Asset Management as the Head of Equities. He has also worked at ICICI Prudential AMC, Alliance Capital AMC, Kotak Mahindra Investment Advisors, etc.

He has completed his master’s in management studies degree in Finance from S.P. Jain Institute of Management. He has also completed his B.E. degree in Electronics from the University of Mumbai. Invesco, he is completely engrossed with the equity management function. 

  1. Amit Ganatra (Fund Manager)

As a Fund Manager, Amit Ganatra is well-versed in equity research and has professional experience of over 16 years.

He holds a degree in Chartered Accountant and Commerce, and he takes intensive decisions and strategies for portfolio management. 

  1. Pranav Gokhale (Fund Manager)

Pranav has a total experience of 14 years serving as a Fund Manager at Invesco Mutual Funds AMC e in Indian Equity Markets. He is a Chartered Account from the Institute of Chartered Accountants of India.

Also, he holds an M. Com degree from Mumbai University. Pranav has previously worked with IL&FS, International Ship Repair LLC Fujairah, ICICI Direct, and Rosy Blue Securities. 

  1. Neelesh Dhamnaskar (Fund Manager)

Neelesh has been working for 9 years with Invesco in Equity Investment with more than 14 years of experience in the equity and research market.

He joined Invesco in 2010 and has also worked with ENAM, KRC, and Anand Rathi Securities Limited. Mr. Dhamnaskar holds a Commerce degree, and an MMS degree in Finance from Mumbai University and is currently pursuing CFA (USA), and is a Level III candidate. 

  1. Mr. Nitin Gosar (Fund Manager)

Mr. Gosar has more than 14 years of experience, and he joined Invesco MF in 2011 in equity research. He has previously worked with IFCI Financial Services and Batlivala & Karani Securities. He holds a BMS degree, a master’s degree in Finance from ICFAI. 

Top Debt fund managers

  1. Mr. Sujoy Kumar Das – Head of the Fixed Income investment

Mr. Das, who has more than 22 years of overall experience, joined Invesco Mutual Fund in 2010. He is currently the head of the Fixed Income investment team at Invesco AMC.

He was earlier working with DSP Merrill Lynch Mutual Fund, Bharti AXA Mutual Fund, and Bank of Punjab before joining Invesco. As per the “Top Fund Managers of India” survey, organized by Business Today and Mutualfundsindia.com, which was conducted in May 2005 & April 2012, he was awarded as the best debt fund manager in the country.

He has a BSc, – bachelor’s in science in Economics degree from Calcutta University. He holds a diploma of Post-Graduation in Business Administration in Finance & International Business from the Hindu Institute of Management.

  1. Mr. Krishna Cheemalapati (Fund Manager)

Mr. Cheemalapati holds a significant position in the fixed-income investment department of Invesco as a Fund Manager, which he joined in 2011.

With an overall experience of 22 years, he has worked with other big giants like Reliance General Insurance and ICAP India Pvt. Ltd. He has completed his CFA from ICFAI, PGDBA from ICFAI Business School, and holds a BE degree from Andhra University.

  1. Mr Abhishek Bandiwdekar (Fund Manager and Dealer at Invesco AMC)

Mr. Bandiwdekar has more than 12 years of overall experience in the Markets of Fixed Income, and he joined Invesco AMC in 2014. He is leading a high position in Invesco as a fund manager and dealer.

Previously, he has worked with STCI Primary Dealer Ltd., Taurus Corporate Advisory Services Ltd., IDBI Asset Management, and A.K. Capital Services Ltd.

He has done his PGDFM in Finance from I.E.S Management College of Commerce & Economics and is a commerce graduate.

  1. Mr. Vikas Garg (Head of the credit research team at Invesco)

Mr. Garg has more than 15 years of experience. Before joining Invesco, he worked within the financial markets of other firms like L&T mutual fund as a portfolio manager and FIL Fund Management Pvt Ltd and ICRA Ltd in their credit research team.

He obtained a diploma in PDGM from XLRI-Jamshedpur, a CFA charter in the USA, and holds a B. Tech and M. Tech degree in Chemical Engineering from IIT-Delhi.

  1. Mr. Vardhaman Kochar (VP of performance and risk at Invesco)

Mr. Kochar has more than 12 of experience in performance and risk management. He has worked with Genpact and Polaris Financial Technology, Crisil Irevna Ltd. He has an MBA degree from IIT Kanpur and holds a B. E. degree in Computer Science from Rajasthan.

Some other fund managers at Invesco Mutual Fund are:

  1. Mr. Dhimant Kothari
  2. Mr. Hiten Jain
  3. Ms. Rita Tahilramani
  4. Mr. Rajeev Bhardwaj
  5. Mr. Kuber Mannadi
  6. Mr. Herin Shah
  7. Mr. Prateek Jain

Why should you invest in Invesco Mutual fund using EduFund?

Investing in Invesco Mutual Funds through EduFund is a wise decision and should be taken soon to avail the following benefits:

  1. Features like Rupee cost averaging, Power of Compounding, Long-term Savings, and SIP Benefits enable many investors to invest in Invesco.
  2. Each Invesco Mutual Fund and benefit can be identified using its NAV, AUM, peer average returns, past performances, etc. 
  3. A robust investment process for equities and fixed income. 
  4. For fixed-income, the portfolios revolve around maximizing returns by investing in quality assets and minimizing liquidity risk and interest rate risk.
  5. For equity, with the help of ESG – Environment, Social, and Governance Overlay, Invesco follows an active fund management strategy.
  6. Invesco categorizes stocks based on value, event-based stocks, and growth.
  7. The stock category names are unique. 
  8. Their risk management process starts with the investment and continues till the final existence of the fund in the market.
  9. Invesco Mutual Fund is quite popular because it commits to providing investment excellence, depth of investment capabilities, organizational strength, and a global footprint.

Select EduFund for investing in Invesco Mutual fund

EduFund makes the process of investing in Invesco mutual funds convenient. EduFund’s experienced consultants give you customized solutions for all your financial goals.

You can start investing from a lowly INR 5,000 and grow your capital comfortably.

With EduFund, you get the following benefits

  • Customized Research-Based Financial Plan –  EduFund’s scientific fund tracker screen over 1 lakh data points and 400 financial scenarios to recommend you the best mutual funds. 
  • Customer-Friendly Counsellors Help You Create a Financial Plan – EduFund’s counselors are trained to handle all kinds of queries from customers. They spend as much time with you as you need and resolve all your issues to help you create a robust financial plan.
  • Invest Less, Earn More – Not only the best Indian mutual funds, but EduFund also offers you the facility to invest in US Dollar ETFs and international mutual funds.
  • Use Free Tools – EduFund offers various free tools for its customers, including College Savings Calculator, SIP calculator, etc. 
  • No Technical Expertise Required – You do not need to be an expert in finance to understand which mutual fund is the best for you. EduFund does it for you.
  • Value-Added Benefits – You may get value-added benefits like no commission, free advisory, and nil-hidden charges.
  • Secure Transactions – EduFund is RIA-registered and uses top-class 128-SSL security to enable safe transactions.
  • Special Support for Children’s Education – EduFund has a dedicated team of experts who help you fulfill your children’s educational goals. 

FAQs

Is Invesco a good mutual fund company?

Invesco India Tax Plan Mutual Funds are the benchmark as a beating tax saver with assured consistency and are among the top tax-saving funds.

It is a safe bet for investors seeking capital appreciation over the long term and Investment in equity and equity-related instruments.

Who owns Invesco mutual fund?

Saurabh Nanavati, CEO of Invesco India mutual fund, believes in investing in companies of all kinds – retail, institutional and corporate companies. The company offers investors a plethora of trade-worthy mutual fund schemes and professional assistance to earn quality returns on their investments.

Is Invesco a good investment?

Invesco India Tax Plan Mutual Funds are the benchmark as a beating tax saver with assured consistency and are among the top tax-saving funds.

It is a safe bet for investors seeking capital appreciation over the long term and Investment in equity and equity-related instruments.

It generates long-term capital growth from a diversified portfolio mainly consisting of equity-related securities.

Is Invesco an Indian company?

Invesco Asset Management Company (AMC) Private Ltd India is a part of Invesco Ltd, headquartered in Atlanta, Georgia, USA, which has delivered high returns and is a leading investment management firm set up on 20th May 2005.

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Life becomes easier and more manageable with planning. A very important part of a happy and balanced life is managing your finances well. This responsibility becomes manifold if you have a family to provide for. Prioritizing the prior planning of your child’s college education can make your retirement life effortless and stress-free. Put away savings to preserve wealth. Invest money to generate more wealth. At the end of the day, gaining that fine balance between your savings, investments, and spending habits is what will secure a beautiful future for you as well as your family. Here are some pro tips on how to invest and save for your children’s college education. 1. When to start? Timing is everything. The logic is simple - the earlier you start, the more wealth you can generate and accumulate. You may begin as early as the family planning stage itself. Even if you do not have a clear sight of the stream of academics your child might pursue later in life, it does not hurt to put away money. As your child grows up, they might decide upon what line of academics they want depending on their career goals. Your savings will come in handy in reassuring your child that you are perfectly prepared to back them in realizing their dreams as there will already be a considerable amount of funds they can count on. 2. Compartmentalise your savings The habit of saving money regularly is one of the healthiest habits one can inculcate. But mastering the art of saving requires self-regulation and a sense of organization. Putting away a bulk of money indiscriminately is not the most effective way of saving. Keep track of your expenses and your income; device upon an amount you can afford to put away as savings. Make a list of all the things you need to save for - emergencies, education, health, housing, and so on. Divide your savings accordingly. The act of compartmentalizing savings can also be effective in regulating your spending habits. You can also inculcate this healthy habit in your child from an early age by encouraging them to save money from their monthly allowances. 3. Consider different investment options Investing is always an improvement upon saving because investments can generate new wealth. Thus, it is not enough to just put away money as savings; you also need to allocate funds to certain investments that suit your monetary goals. There are different kinds of investment channels you can opt for. Some of us prefer fixed or recurring deposits while others want to generate more returns and go for mutual funds. Mutual funds can be of different types depending on the factors like the amount of risk, duration, return rates, etc. The mode of payment can also vary. For example, you can go for a one-time investment or you can choose monthly SIPs. Be well aware of all kinds of investment plans available so that you can choose the best one for yourself. 4. Invest in a global education Your savings and money made from investments will be especially useful when you send your child abroad to pursue a college education. Even if you are not sure about the possibility of global education in the future, it is always advisable to remain prepared for the same. Simply saving money is not enough. Investing is a better idea and in the case of global education, it can be beneficial to invest in foreign stocks. This is because the value of the Indian currency is forecasted to fall in comparison to other stable currencies in the world. This means that the cost of living and studying abroad will be way higher than the cost of living and studying in a new city within India. Once you set your financial goals, find out about investment schemes with international equity funds from countries like the US, so that you can make money in a more stable currency. Conclusion There can be several investment goals relating to different parts of your life like yourself, your spouse, relatives, housing and accommodation, health, gadgets, and emergencies. Mixing these up will only cause chaos and distress. Hence, it is important to think separately about saving for your children’s college education and indulge in smart investments. Consult an expert advisor to get the right plan TALK TO AN EXPERT
4 W’s of Balanced Advantage Funds
Finance August 30, 2022

4 W’s of Balanced Advantage Funds

What is Balanced Advantage Fund? A balanced advantage fund is a fund that can invest 0-100% in the equity market or 0-100% in the debt market dynamically as per the prevailing market condition. For example - If a fund manager finds that the price of the equity market has gone up, he will tilt the portfolio more towards the debt market. Likewise, if the equity market trades at a discount, then the fund manager can tilt/shift the portfolio towards the equity market.  The valuation is the internal process of the fund. Based on valuation, the fund manager can take the call. This way, the fund manager can take the opportunity and change the asset allocation. The fund manager can go aggressive in the equity market or can also decide to play conservatively to reduce the portfolio's volatility. The aim is to minimize the portfolio's downside risk and maximize the returns.  Who should invest? Investors who are looking for long-term wealth creation. Investors who are not comfortable with the market volatility. Investors who do not want to face high volatility and looking for equity-like returns. Investors who are unsure which type of fund they should invest in, whether in the equity or debt-oriented fund. Risk-averse equity investors with an investment horizon of more than three years. Additional read: Financial mistakes to avoid Why should you invest? A balanced advantage fund is a dynamically rebalancing fund between two asset classes, i.e. equity and debt. It has the complete flexibility of rebalancing from 0-100% in both asset classes. It provides you with better risk-adjusted returns. It manages the equity market volatility and provides stability in the portfolio by diversifying the portfolio into the debt market. It offers you equity-like returns, which help your portfolio to grow at a much faster rate than debt funds and also helps you to beat inflation. Minimizes the downside risk and provides scope for growth by investing in the equity market. When should you invest? When the volatility in the equity market increases and you do not want to have such high exposure to the prevailing volatility. When you want equity-like returns but do not want to face high liquidity. First-time mutual fund investor looking for long-term wealth creation. Conclusion Try to allocate some portion of your portfolio towards a balanced advantage fund if you want to reduce the portfolio's volatility. A balanced advantage fund is like all season fund. Consult an expert advisor to get the right plan TALK TO AN EXPERT
Mutual Fund
5 financial things to consider before child planning.
Finance August 18, 2022

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
EconomyMutual FundSIP
5 Pro tips on creating your child's education fund
EducationFinance January 6, 2023

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?
Finance March 7, 2023

5 reasons why SIP is the best investment choice?

A systematic investment plan or SIP is the best 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. CALCULATE MONTHLY SIP 5 Reasons SIP is the best 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 that 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 the growth of your corpus and is one of the reasons why experts advise 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. FAQs Why is SIP investment good? By investing through SIPs, you will do away with the burden of timing the market as you could then avail the benefit of Rupee Cost Averaging. By investing through SIP, you will tend to invest in the up and down markets. This helps you shy away from the volatility of the market. Additionally, you will benefit from the power of compounding, which fundamentally generates returns not only on capital but also on returns. Is SIP good for students? Investing in SIP can be a huge benefit for students. It cultivates a healthy investment habit, and they can invest a small amount to start their journey. SIP is best for beginners and a comparatively safe investment vehicle. What are the features of SIP? A SIP offers the following features: It is best for long-term investment, brings financial discipline, allows small investment amounts, benefits from the power of compounding, and is a comparatively safer investment tool. Why do people prefer SIP? A systematic investment plan helps bring discipline to an individual’s investment habits. A SIP will automatically deduct a pre-decided amount periodically. Investors also do not need to worry about timing the market while investing via SIP. It is one of the best investment vehicles for beginners. Consult an expert advisor to get the right plan TALK TO AN EXPERT
SIP
5 tips to know before investing in US stocks
Finance September 16, 2022

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
US Market
5 top investments for risk-averse investors
Finance August 22, 2022

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
Finance January 7, 2023

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.
Mutual Fund
5 ways to make getting an education loan easier for your child
Finance July 27, 2022

5 ways to make getting an education loan easier for your child

Today's expanding world of opportunity benefits greatly from education loans. Your child has so many educational courses to choose from. A decent education is essential for your child's growth and development, and several institutions throughout the world provide student loans with low-interest rates to those who cannot rely on their savings. Banks and other financial organizations provide outstanding education loans with a reasonable interest rate and loan payback time.  An education from a reputable university is the first step to a prosperous profession. The cost of college expenses is rising quickly, though, and for parents who might not have enough money, taking out an education loan sounds like a perfect alternative for their child. In reality, the cost of higher education overseas and for Indian parents has increased enormously due to the rise of the dollar value versus the rupee. This pattern is also observed in TransUnion CIBIL data, where the average ticket size of a newly issued student loan increased by 48 percent from INR 5.73 lakhs in 2015 to INR 8.5 lakhs in 2018.  So, here are the five best ways if you are planning to get a student loan for your kid and help them to pursue higher studies easily. Choose the right course  Let your child choose a subject that fascinates them enough to make it their career. Don't allow your child to do what the majority of others are doing to deter them from following a passion of yours. For example, a student who is required to study engineering could not do well or even finish the course if they are least interested in the subject  However, if the student in question were interested in law, he would make a brilliant attorney and have a successful profession as well as a happier life. Therefore, a wise piece of advice for parents is to let their kids discover their passion by researching the course's requirements before making a choice. After completing their education, you should consider your child’s career possibilities and see if they can find employment to help you pay off the debt. Research about banks  Make sure to do your thorough research before choosing a bank. Avoid making rash or emotional decisions when applying for a loan. By conducting an extensive study, you can comprehend the varied interest rates, processing costs, terms, and conditions, etc. The amount you must repay varies depending on each bank's interest rate. You will need to spend and repay a certain amount of money for every point in the interest rate. Verify if your loan's interest rate is fixed or fluctuating. Making a choice between these rates is crucial since it significantly impacts how you intend to repay your loan and how much your EMI will be.  Borrow only what you need  If you want to take out an education loan for your child, resist the urge to request the utmost amount permitted. If your child has any financial awards, such as scholarships, you should constantly assess how much you have or how much you can afford to support your child’s education. Decide how much you want to borrow from the bank as an education loan after doing the math for the amount you have. As a parent, you must help your kids understand that every amount they take will have a specific interest rate levied on it. Hence, it is essential to borrow only the amount they can repay. https://www.youtube.com/watch?v=4gTQkdePOWM Educate your child about the loan  Whether you want your kid to continue their education in India or overseas, you should be aware of the specifics of their current coursework and any loans you have taken out. A VISA will allow your child to enter a foreign nation but does not give them access to everything. They could be questioned about their intentions and entry procedures at the airport. Your child should be ready to answer any queries about their course, organization, teachers, tuition costs, loan amounts, repayment terms, interest rates, etc. Your kid should also be aware of their personal information and information about their families, such as names, birthdates, residences, levels of education, and jobs.  Plan for repayment   Even though interest starts to accumulate from the first month, students may occasionally be given a moratorium or one-year grace period before they must begin making loan payments. One advantage of this time frame is that, even if your child can pay the EMI after this grace period, you can start repaying the EMIs early and assist your child in paying off the loan more quickly by doing so.  Early investment and saving can help reduce the financial burden that a high-quality education places on families, but some parents may not have the opportunity to do so since they are already dealing with admissions. An education loan could be the best option in such situations.  However, choosing the correct course, university, and financial institution may assist enhance the possibilities of simple loan payback, making the student debt-free sooner rather than later. This is in addition to creating a decent repayment plan. Consult an expert advisor to get the right plan for you  TALK TO AN EXPERT
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