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UTI Corporate Bond Fund 

UTI Corporate Bond Fund 

UTI is one of the pioneers of the Indian Mutual Fund Industry. With a total AUM of Rs 15.56 Lakh crore, the AMC is among the most trusted names in the mutual fund space for 20 years now. The UTI Mutual Fund offers products across asset classes.  Let us discuss about – UTI Corporate Bond Fund.  Read On: Is investing in mutual funds safe? Addressing all your concerns! About UTI Corporate Bond Fund  Investment Objective – The investment objective of the scheme is to generate optimal returns by investing predominantly in AAA/equivalent rated corporate bonds.    However, there can be no assurance that the investment objective of the scheme will be realized. The scheme does not guarantee/indicate any returns.  Investment Strategy  A corporate bond debt fund focusing accrual-oriented income strategy.  This fund intends to invest 100% portfolio in AAA/ equivalent assets.  This fund has up to 72% allocation in higher credit quality corporate bonds.   Portfolio Composition  The portfolio comprises 93.89% allocation in debt, and the remaining 6.12% is held in cash and cash equivalents.   Top 5 Holdings for UTI Corporate Bond Fund   Name Instrument Weightage % GOI Sec 7.18 14/08/2033 GOI Securities 18.62 LIC Housing Finance Ltd FD 7.67 15/04/2033 Debenture 4.93 National Bank for Agriculture & Rural Development SR 24E Debenture 7.80 15/03/2027 Debenture 4.67 Power Finance Corporation Ltd SR 223 Debenture 7.64 22/02/2033  Debenture 4.28 Indian Railway Finance Corporation Ltd SR 173 Debenture 7.68 24/11/2026 Debenture 4.11 Note: Data as of 31st March, 2024. Source: Value Research  Performance Since Inception  Period UTI Corporate Bond Fund Nifty Corporate Bond Index A-II (%) CRISIL 10 Years Gilt Index (%) 1 Year 7.35 7.41 8.54 3 Years  5.25 5.20 4.30 5 Years 7.02 6.65 6.15 Since Inception 7.20 6.97 6.64 Note: Data as of 31st March, 2024 Source: utimf.com  Fund Manager  The fund is managed by Mr. Anurag Mittal, Deputy Head- Fixed Income and Fund. He is a CA from ICAI and holds a MSc from University of London. He has been managing the scheme since December, 2021.   Check Out: Top Mutual Funds to Invest In for your child's education! Why Invest in UTI Corporate Bond Fund?  The scheme seeks to capture yield movements at the short to medium (1 to 5 years) segment of the curve, depending on the interest rate outlook and yield. Further, the current elevated real bond yields offer patient investors a favourable chance to earn decent accrual income and capital gains as the interest rate cycle shifts.  Who Should Invest in UTI Corporate Bond Fund?  This fund is suitable for Investors  Who are seeking for reasonable income and liquidity over the medium term.  New debt mutual fund investors who do not wish to take high levels of credit risk  Those looking to diversify their fixed-income portfolio.  Ideal Time to Stay Invested   Investors may consider this fund as a part of the core fixed income portfolio allocation for an investment horizon of 2 years and above.  Conclusion  UTI Corporate Bond fund is an open-ended debt scheme investing in highly rated debt instruments. The fund aims to generate reasonable income and capital appreciation by investing in high credit quality debt instruments. Currently, one to three-year corporate bonds stand a good chance of gaining from rate cuts, enhanced interbank liquidity and a decrease in corporate bond issuance during the first half of the fiscal year. Investors who are looking for an alternative to traditional instruments like FDs can consider this fund after studying risk metrics of the fund.  Disclaimer: This is not recommendation advice. All information in this blog is for educational purposes only.  Invest Now
The Best Age to Start Nursery School in India

The Best Age to Start Nursery School in India

Choosing the right time to enroll your child in nursery school is a decision that many Indian parents grapple with. While some may opt for an early start to foster socialization and early learning, others may prefer to wait until their child is more emotionally and developmentally ready. In this blog, we'll explore the factors to consider when determining the best age to start nursery school in the Indian context, helping parents make an informed decision for their child's educational journey. Also Read: Financial Checklist for New Parents in India Early Learning: Benefits and Considerations Starting nursery school at a younger age, typically around 2 to 3 years old, offers several potential benefits for children. Early exposure to structured learning environments can stimulate cognitive development, language skills, and socialization. Additionally, nursery school provides opportunities for children to interact with peers, develop essential social skills, and learn through play-based activities. However, parents should consider their child's readiness for separation from caregivers and ability to adapt to a new environment before enrolling them in nursery school at a young age. Also Read: Raising Confident Learners: A Guide to Positive Parenting Readiness Indicators: Signs Your Child is Ready for Nursery School While age can be a helpful guideline, every child develops at their own pace, and readiness for nursery school varies from child to child. Look for signs of emotional and developmental readiness, such as: Social Skills: Is your child comfortable interacting with other children and adults? Do they exhibit basic sharing, turn-taking, and cooperative play skills? Independence: Can your child complete simple tasks independently, such as using the toilet, dressing themselves, and following basic instructions? Communication: Does your child demonstrate language skills, such as speaking in simple sentences, understanding simple instructions, and expressing their needs and emotions? Curiosity and Interest: Is your child curious about the world around them and eager to explore new experiences and activities? Also Read: 5 investment plans every parent should have Cultural and Regional Factors In India, cultural and regional factors may also influence the age at which children start nursery school. Some parents may prioritize early education to give their child a head start academically, while others may value a more relaxed approach to early childhood education. Additionally, considerations such as family dynamics, parental work schedules, and availability of quality nursery schools in the area can impact the decision-making process. Must Read: Advice for First-year College Students – Given by Parents Finding the Right Balance Ultimately, the best age to start nursery school for your child depends on a combination of factors, including their individual readiness, family preferences, and cultural context. While early exposure to structured learning environments can be beneficial for some children, others may benefit from a more gradual transition or a later start. As parents, it's essential to trust your instincts, observe your child's cues, and choose an approach that aligns with your family's values and goals. Nursery is the best time to invest too! If your child is ready for nursery, they are also ready for an education fund for themselves. Once your child turns 2-3, its time to start thinking about education planning and saving for their higher education, especially college. The best way to saving for college is to invest via mutual funds. Mutual funds allow you to invest monthly, which means by the time your child is off to college, they will have a healthy education fund to pay for their college. Start investing ₹5000 monthly and watch your child's savings grow as they grow! Conclusion Deciding when to start nursery school is a significant milestone for both parents and children. By considering factors such as readiness indicators, cultural influences, and individual preferences, Indian parents can make informed decisions about the best age to enrol their child in nursery school. Whether opting for an early start or a more gradual approach, the key is to prioritize your child's well-being, development, and happiness as they embark on their educational journey. Join our robust WhatsApp Community that helps parents invest! FAQs What is the perfect age for nursery? Starting nursery school at a younger age, typically around 2 to 3 years old, offers several potential benefits for children. Is 1 year old too early for nursery? Yes, one year is early to start nursery. It is benefit to enroll your child when she/he turns 2 or 3 years of age. Do babies benefit from nursery? A nursery is a great place for babies to learn and interact with the world. Its a stimulating environment, peer interaction, and activities engage children in a meaningful and impactful manner.
How much time does it take to get an education loan in India?

How much time does it take to get an education loan in India?

Getting an education loan can be daunting. There are too many documents, terms, conditions, and requirements that you need to know about before starting the process. An education loan can be processed in 3 days or 30 days; the approval depends on the student profile and the strength of the application! Let's answer all the questions related to education loan processing, how to strengthen your application, the best way to apply for an education loan, and when you should start applying to get your loan in time! What is an Education Loan? An education loan is a financial tool provided by banks and NBFCs (Non-Banking Financial Companies) to help students fund their higher education. An education loan covers a number of expenses incurred by a student, including tuition fees, hostel expenses, books, and other education-related costs. The Best Time to Apply for an Education Loan Ideally, you should start the application process well before your course begins. This allows ample time for research, document collection, and loan approval. Aim to apply at least six months before your university's fee payment deadline. How Much Time Does it Take to Get an Education Loan in India? The processing time for an education loan in India can vary depending on several factors but generally falls within the range of 1-4 weeks. Here's a breakdown: Document Collection: Gathering all the required documents like admission letter, mark sheets, income proofs etc. can take 1-2 weeks. Bank Processing: Once submitted, the bank verifies your documents and assesses your eligibility. This can take 1-2 weeks depending on the bank's internal procedures. Loan Approval & Disbursement: Upon approval, the loan is sanctioned, and the funds are disbursed to the university or student account. This can take a few days. Obstacles Students Encounter Incomplete Documentation: Missing or improper documents can lead to delays. Ensure you have everything the bank requires. Low Credit Score (Co-applicant): If you rely on a co-applicant (parent/guardian), their credit score plays a role. A low score can impact approval. Complex Application Process: Navigating the loan application process can be overwhelming. Avoid these Common Mistakes when getting an Education Loan How Can You Start the Loan Process? EduFund can simplify your loan journey! We connect you with the best banks for your profile, negotiate the most favourable interest rates, and expedite the approval process. With EduFund, you can potentially get your loan approved in just 72 hours. Facts to Remember Before Applying Shop around: Compare interest rates and terms offered by different banks. Choose the right loan amount: Don't borrow more than you need. Understand repayment terms: Be clear on the repayment schedule and interest calculation. Consider government schemes: Explore government scholarship and subsidy programs for education loans. 10 Reasons To Study in USA FAQs Can I get an education loan within 5 days? Yes, you can get an education loan within 5 days. Banks and experts like EduFund can help you secure an education loan in 72 hours. A good loan expert can help you perfect your application, connect you with the most suitable bank or loan provider and expedite the process to save time and effort. How many days does it take for an education loan to be approved in an Indian bank? Many factors influence how fast an education loan is approved. Some banks along with the loan experts can help you get an education loan approval and sanction letter within in 3 days. The average approval cycle is 5-7 days. Once you have the sanction letter, the disbursement process begins. Can I get 60 lakh education loan? Yes, you can get an education loan worth ₹60 lakhs or above as unsecured and secured. An education loan can be the key to unlocking your academic aspirations. By planning ahead, collecting the necessary documents, and potentially leveraging EduFund's services, you can streamline the loan process and secure the funds you need to focus on your studies. Remember, a little planning goes a long way in securing your educational dreams!
List of Free Courses After 12th

List of Free Courses After 12th

As a 12th grader, you are ready to go from high school to either further study or the workforce, standing at the beginning of a new chapter in your life. This crucial period is a great chance for you to increase your knowledge and learn new abilities that will help you later on.  We'll look at some of the best free courses for 12th graders in this blog article, covering anything from academic subjects to practical skills, enabling you to expand your horizons and make the most of your final year. https://www.youtube.com/watch?v=tdwqQH0xkFw After completing their formal education, students can enroll in a variety of courses to expand their education and develop their talents before or during graduation. A charge must be paid in order to receive a certificate after completing some of these courses, which are free to attend. Here is a list of some of the most well-liked free online courses with credentials after the 12th grade. Top free courses for every 12th grader As a 12th grader, you are ready to go from high school to either further study or the workforce, standing at the beginning of a new chapter in your life. This crucial period is a great chance for you to increase your knowledge and learn new abilities that will help you later on.  We'll look at some of the best free courses for 12th graders in this blog article, covering anything from academic subjects to practical skills, enabling you to expand your horizons and make the most of your final year. 1. Computer Science and Programming Skills in computer science and programming are highly sought-after in today's technologically advanced society. Learning the fundamentals of computer science and programming languages may provide you with a solid foundation, regardless of whether you want to work in the fields of software development, data analysis, or any other technology-related sector.  Numerous free computer science courses are available online through resources like Coursera, edX, and Codecademy, covering topics including web development, data science, algorithms, and beginning programming languages like Python.  These classes can provide you with a competitive edge in the job market by fostering logical thinking, problem-solving abilities, and the capacity to construct your own apps. 2. Foreign Language Studies Not only can learning a foreign language improve your awareness of other cultures, but it also expands your options for employment. Being bilingual is an advantage whether you want to travel, work abroad, or engage with different cultures. Free language education in several languages is available on websites like Duolingo, Babbel, and Open Culture.  These courses provide interactive lessons, vocabulary practice, and cultural insights. Whether you decide to learn Mandarin, Spanish, French, or any other language, devoting time to language study may improve your cognitive capabilities, communication skills, and perspective on the world. 3. Personal Finance and Entrepreneurship Understanding personal finance and entrepreneurship can empower you to make informed financial decisions and explore entrepreneurial endeavors. Courses on financial literacy cover topics like budgeting, investing, credit management, and financial planning, equipping you with skills to manage your personal finances responsibly.  On the other hand, courses on entrepreneurship introduce you to the basics of starting and running a business, including ideation, market research, branding, and financial modeling.  Online platforms like Khan Academy, Udemy, and Alison offer free courses on personal finance and entrepreneurship, giving you the knowledge and confidence to navigate the business world. 4. Critical Thinking and Problem-Solving  Critical thinking and problem-solving skills are essential in almost every aspect of life. These skills enable you to analyze information, evaluate different perspectives, and make informed decisions. Online courses in critical thinking and problem-solving enhance your ability to think critically, reason logically, and approach challenges creatively.  Platforms like FutureLearn, Udacity, and LinkedIn Learning offer free courses on critical thinking, problem-solving, and decision-making techniques, helping you become a more effective and adaptable problem solver. 5. Psychology and Mental Health Understanding mental health and well-being is vital in the fast-paced world of today. You may gain an understanding of human behavior, emotions, and the elements that contribute to general well-being by taking psychology and mental health courses.  You may improve your self-awareness, empathy, and communication abilities by taking these courses. Free courses in psychology and mental health are available online from institutions like Coursera, OpenLearn, and Yale University.  These courses cover subjects including cognitive psychology, positive psychology, and stress management. Your personal development, relationships, and potential occupations that entail interactions with others can all benefit from gaining knowledge in this area. Growing Cost of Online Courses for School Kids Read More Free online courses after class 12th Here is a list of some of the most well-liked free online courses with credentials after the 12th grade: Free Online Courses After Class 12th Science Course NamePaid or FreeOnline Platform Certificate of CompletionCS50’s Introduction to Computer ScienceFree(Access to Complete Course Content)edX Learning Provided (Paid for Certificate) Python For Everybody Specialization Free(Access to Complete Course Content)Coursera Provided (Paid for Certification)Stanford Introduction to Food and HealthFree(Access to Complete Course Content)CourseraProvided (Paid for Certification)Machine Learning Free(Access to Complete Course Content)CourseraProvided (Paid for Certification) Cybersecurity for EveryoneFree(Access to Complete Course Content)CourseraProvided (Paid for Certificate) Free Online Courses After Class 12th HumanitiesCourse NamePaid or FreeOnline Platform Certificate of CompletionModern Masterpieces of World LiteratureFree(Access to Complete Course Content)edX Learning Provided (Paid for Certificate) Creative Writing Specialization Free(Access to Complete Course Content)Coursera Provided (Paid for Certification)Philosophy and Critical ThinkingFree(Access to Complete Course Content)CourseraProvided (Paid for Certification)English for Career DevelopmentFree(Access to Complete Course Content)CourseraProvided (Paid for Certification) Social PsychologyFree(Access to Complete Course Content)CourseraProvided (Paid for Certificate) Free Online Courses After Class 12th Commerce and Management Course NamePaid or FreeOnline Platform Certificate of CompletionFundamentals of Market StructureFree(Access to Complete Course Content)edX LearningProvided (Paid for Certificate) Google Digital Marketing and e-Commerce Free(Access to Complete Course Content)Coursera, GoogleProvided (Paid for Certification)Business Foundations Free(Access to Complete Course Content)edX LearningProvided (Paid for Certification)Digital Marketing Free(Access to Complete Course Content)Google Digital GarageProvided Financial MarketsFree(Access to Complete Course Content)CourseraProvided (Paid for Certificate) As you approach the end of your high school journey, investing time in expanding your knowledge and acquiring new skills can be a valuable asset in your personal and professional life. The courses mentioned above are just a few examples of the countless free resources available online. By enrolling in these courses, you can explore your interests, gain valuable knowledge, and demonstrate your commitment to continuous learning. Whether you choose to study computer science, foreign languages, personal finance, critical thinking, or psychology, each course offers unique benefits that can shape your future trajectory.
What is the right time to apply for an Education Loan?

What is the right time to apply for an Education Loan?

Education loans lessen the financial burden but applying for the loan at the right time can be tricky. Let’s ask some pertinent questions like what is the best time to apply for an education loan? When to apply for an education loan? How many months does it take to process a loan? Can you apply for an education loan before admission? Can you take an education loan after admission? Read to know the answers!  https://www.youtube.com/watch?v=9fEVPssqEfo&t=228s What is the right time to start your education loan process? The best time to start your loan application process for studying abroad is 6 months in advance. For instance, if you are aiming for the fall intake, then your loan application process should start in March or April. This gives you ample time and opportunity to select the right lender and negotiate the right interest and terms to get the perfect education loan for your profile. Education loans are an extremely important responsibility, and ensuring a thorough analysis of every step with the right experts can save you lakhs of rupees in the future. Start Early: Research and Planning Applying for an education loan should ideally begin well in advance to allow ample time for research and planning. Here are some essential considerations during this stage: Explore Different Loan Options Research various loan providers, including banks, credit unions, and government-backed loan programs. Compare interest rates, repayment terms, and any additional benefits or incentives different lenders offer. Thoroughly understanding the available options will help you make an informed decision. Understand Loan Terms and Conditions Carefully review the terms and conditions of different loan options. Pay attention to aspects such as interest rates, repayment periods, grace periods, and any potential penalties or fees associated with the loan. Ensure you fully comprehend the financial obligations before committing to any loan agreement. Evaluate Your Financial Needs Assess your financial requirements by estimating the total cost of your education, including tuition fees, accommodation, textbooks, and other associated expenses. Determine the funding you need and consider the loan amount you are comfortable borrowing to cover these costs. https://www.youtube.com/watch?v=mW0VH10uH9I Also Read: What is the Cost of Attendance? When to apply for an education loan? There are two ways to approach this, you can start your loan application after receiving the admission letter or before you start admissions. Indian banks and financial lending bodies offer both options to a candidate.  Applying after getting an admission letter is easier. Banks have the reassurance that the candidate has been selected and is off to a recognized university. It makes the loan process easier for both parties involved.  Applying before getting an admission letter can be tricky. Some colleges ask for financial proof from their applicants before extending an admission letter. In such a case, banks can issue a condition education loan sanction based on the candidate's profile and help them satisfy their college requirements.  The best time to apply for an education loan varies based on the candidate’s profile. Many universities understand the financial quotient involved and offer financial aid in the form of scholarships and grants to students. After receiving the admission letter, students can start the process of finding the best financial aid to support them throughout their college years. Consider your college application timeline Your college application timeline plays a crucial role when applying for an education loan. Here's what you should keep in mind: Understand Admission Deadlines Be aware of the admission deadlines for your desired colleges. Ensure you have sufficient time to complete the loan application process and receive the necessary funds before the tuition payment deadlines set by the educational institution. Research Financial Aid Opportunities Before applying for an education loan, explore other financial aid options such as scholarships, grants, and work-study programs. These sources can potentially reduce the amount you need to borrow. Exhausting all avenues of free or low-cost financial aid before turning to loans is essential. Consider Early Decision or Early Action If you have decided to apply through Early Decision or Early Action admission programs, initiating the education loan application process earlier is advisable. This will ensure you have your loan arrangements before the admission decisions are announced. Applying for the Education Loan Once you have completed your research and finalized your college plans, it's time to initiate the education loan application process. Here are some critical steps to follow: Gather Required Documents Different lenders may have varying document requirements, but standard documents include proof of identity, income, an admission offer letter from the college, academic transcripts, and relevant financial statements. Collect these documents beforehand to expedite the loan application process. Start the Application Process Contact the loan provider or visit their website to begin the application process. Fill out the required forms, providing accurate and complete information. Be prepared to give details about your chosen course, college, expected expenses, and repayment plans. Seek Expert Guidance If you find the loan application process overwhelming or have specific concerns, consider contacting a financial aid advisor or a representative from the loan provider. They can guide you through the application process, answer your questions, and help ensure a smooth loan application experience. https://www.youtube.com/watch?v=4gTQkdePOWM Timing considerations While starting the loan application process early is crucial, timing is also essential in terms of disbursal and repayment. Consider the following factors: Disbursal Timing Some loan providers disburse the loan amount directly to the educational institution, while others may provide it to the borrower. Be aware of the expected disbursal timeline to ensure the funds are available to cover tuition fees and other expenses. Loan Repayment Understand the grace period before loan repayment begins. This is the period after graduation or leaving school when you are not required to repay loans. Evaluate your post-graduation plans and financial situation to ensure that you can comfortably begin repaying the loan when the grace period ends. Applying for an education loan is a significant step in financing your higher education. Starting the process early, conducting thorough research, understanding loan terms, and considering your college application timeline are essential for a successful loan application experience. By following these guidelines, you can make informed decisions and secure the necessary funding to pursue your academic goals. FAQs What is the right time to apply for an education loan? The right time to apply for an education loan is 6 months prior to the start your term. For instance, if you are a student applying for the fall 2024 intake, the right time to start the loan application would be March -April. This timeline gives you ample of opportunity to shop for the right interest rate, secure your loan and even provide proof of funds to the admission office to get your offer letter. Can I apply for an education loan without an offer letter? Yes, students can apply for an education loan without an offer letter. Lenders do consider your test scores and even university application acknowledgement. So start the application 6 months in advance to avoid any hassles at the end. My university requires proof of funds for the offer letter, but I don't have enough savings. What should I do? If you are applying abroad for your master's, then you are likely to submit proof of funds to get the offer letter. In order to get the offer letter, you can start your loan application and get a loan sanction that serves as a proof of funds for your university's admission requirements. TALK TO OUR EXPERTS
Top Mutual Funds that can beat college costs

Top Mutual Funds that can beat college costs

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

How does inflation affect education?

Inflation is one of the root causes of price hikes in the education sector. The essential needs of students like uniforms, textbooks, tuition fees, school shoes, and transportation costs have become so expensive that it is slowly becoming impossible for a common man to afford his child’s education.  “How does inflation affect education?” is one of the common queries of every household all over the world. Although education is considered a child’s right, in reality, it is a luxury not all can afford. Currently, the education inflation is at 10 – 12 percent and parents are finding it impossible to meet the growing fee structure and associated educational costs. The above-normal rate makes it difficult for parents to educate their children at primary, secondary, and especially higher levels. How does inflation affect education? The impact of inflation on education can be understood with the help of the following parameters- 1. Daily essentials Students have a limited budget, most of which, is spent on daily essentials like food, personal care, drinks, travel expenses, etc. When a major chunk of money is already spent on essentials, it becomes difficult for them to meet education expenses, which are already skyrocketing.  The reason why education inflation is rising in India Read More 2. Housing expenses Do you think only daily essentials are major expenses? Think again. Housing cost in every city is equally expensive. Students try to find the cheapest hostel or guest house where they can live as paying guests but the costs keep on adding to the total budget. Inflation affects education as the priority of common people is to meet housing costs instead of educational expenses. 3. Health expenses in order to live frugally and manage their expenses, many times, students do not have the money to eat three balanced meals, daily. In the majority of cases, a hostel or PG Life does not provide good quality food and this harms their health. Thus, inflation increases health expenses and makes it difficult for students to meet their education costs easily. Factors responsible for Education Inflation? Read More 4. Standard of living Inflation is dangerous as it directly impacts the standard of living.  The rise in the prices of goods decreases the purchasing power of the people. Something that cost 100 rupees a few months ago now costs 180 or 200 rs. This rise in price causes fewer goods and services to be purchased. In such circumstances, the purchasing power gradually decreases, the value of goods increases, and ultimately the real value of the currency is at a loss. Inflation thus decreases the standard of living, and parents belonging to lower and middle-income groups become unable to bear the cost of educating their children as the monthly allowance that they pay to their kids doesn’t make up for the price hikes. 5. Tuition fees Private colleges charge inflated fees as they promise education, as well as, placement in good companies. The tuition fees at such places are too high for an ordinary person and this is why it is believed that only rich people can afford to find entry into engineering, medicine, or another high-profile degree-course college. But, this is not the case. Especially, if you have planned well for your child’s education in advance. The EduFund App helps you calculate the cost of your child’s education, plan, and then save for it, that too with the help of saving experts. 6. Price of textbooks  Students need textbooks to study but their prices keep on increasing year after year. The publishers blame the paper producers, who in turn, blame the increasing input costs for the price hike. The impact of high textbook prices is harming the education industry as there is a gradual drop in the net enrolment rate (NER).  It is still affordable in India to some extent, especially for non-professional courses. However, if you are planning to send your child to a foreign country like the US, the books alone may charge you way over Rs 10 lakhs! Does Education Inflation impact Student Loan interest rates? READ MORE 7. Educational budgets Inflation has a direct impact on education budgets and the salaries of school employees as authorities have to make cuts on various expenses. The need for higher income encourages teachers and other support staff to look for temporary high-paying alternatives. This step ultimately harms the quality of education, more often than not in govt. schools.   8. Inefficient education savings In India, it is very common for parents to save for their child’s education through FDs (Fixed Deposits). Although this is a safe option, the return rates on FDs usually cannot keep up with the rate of education. As a result, they eventually fail to help finance your child’s education.  9. Education loans Children who want to pursue higher degree courses have to take educational loans. Inflation makes it difficult to repay these loans at the earliest opportunity. Join our robust WhatsApp Community that helps parents invest! Consider the educational loans on the EduFund App because it is available at low-interest rates and there are no hidden charges to hurt your pockets further.  FAQs How does inflation impact education? Inflation's impact on education is profound. The CPI is currently at 5.4 percent for 2023-2024, education inflation is at 10 percent. This means that the cost of education expenses is rapidly increasing and at a faster pace than CPI in the economy. What is the meaning of education inflation? Education inflation in India refers to the rising cost of education, including tuition fees, related expenses, and the overall financial burden on individuals and families seeking education. This concept is similar to the more general term "inflation," which refers to the increase in the prices of goods and services over time. In the context of education in India, the term "education inflation" is often used to describe the trend of rapidly increasing costs associated with obtaining quality education, from primary school to higher education. How can we keep up with the rising education costs? The best way to keep up with rising education costs is to start investing early on. If you are planning a family and then investing in your child;'s school and college expenses should be on the top of your list. You can start with a SIP in a good mutual fund and update your investments every year to beat high college fees. Another option is to consider US investments like stocks and ETFs. Conclusion Inflation is a global phenomenon, the impact of which, can be seen at every stage in a student’s life - from primary to higher education. The burning issue of inflation hinders the growth of children as fewer parents can afford to send their children to schools, colleges, or universities.  By this time, you have understood how inflation affects education, but the primary concern remains - how can parents still defy inflation and save for their child’s education? The experts associated with the EduFund App provide ample help in building a portfolio for your child’s education fund. It will consider the rising inflation and then chalk out a plan accordingly.
Effects of Inflation on Education!

Effects of Inflation on Education!

The cost of education rises by a larger margin than what the government data tells you. And what makes inflation in the education sector in India worse are the innumerable hidden charges. These hidden charges can push the education budget up for parents. Rising inflation in the education sector can have severe repercussions for those on the lower end of the economic spectrum.  The education inflation rate in India was 3.34 percent in September 2021. However, it has increased to 5.68 percent in the corresponding month of 2022. And with pandemic waves ebbing, there are chances that the education inflation rate will increase steadily. Education inflation poses great risks to every parent and student. It can disrupt the dreams of a  bright future for your child.  And if you are a financially unprepared parent, the risks of education inflation can be more serious for you. Want to learn more about studying abroad? Join our WhatsApp Community! Impact of education inflation on hidden costs of education  1. Increasing tuition fees in educational institutes Tuition fees in Indian colleges and schools have seen an enormous rise over the last few years. Do you know that inflation in the education sector of India is one of the major reasons why many students drop out of college midway? It is becoming increasingly obvious that the education sector in India needs proper planning. Many middle-class families usually struggle to meet ends after enrolling their children in higher education institutes. Guide to Education Inflation Read More 2. Transportation is becoming expensive  With the drastic increase in fuel prices, the cost of transportation is worrying students. Nowadays, a majority of students travel to school by bus. The rising transportation cost is a hidden cost in education inflation.  Unless parents become aware of the transportation costs, it can severely affect them, financially. Apart from fuel-driven vehicles, the overall fares of trains and subway metros have witnessed a rapid surge. Note that this rise in fares is here to stay. Hence, planning your finances properly is the best way to manage your child’s education.  The reason why education inflation is rising in India Read More 3. School uniforms are becoming expensive  For the parents of school-going children, it’s these simple things that are making them anxious. Uniforms are an integral part of schools. Furthermore, many schools have strict regulations on how their students will wear uniforms.  And almost every year, you have to replace the school uniforms, which include shoes, socks, and other accessories.   It is also important to mention the rising cost of school supplies like bags and notebooks. School supplies are not a one-time investment. You have to buy them every year which makes the situation complicated. https://www.youtube.com/shorts/jjXF-KC9iWI 4. A surge in the cost of books  Nowadays, most schools and educational institutes have fixed rules for buying books from them only. But, even if you purchase books from outside, you’ll have to pay more compared to earlier times.  The failure of the authorities to control the prices of the books depicts the sordid state of affairs. Like school supplies, you have to procure books for your child every year while they are in school. https://www.youtube.com/shorts/xqK0y2VdFR4 5. The rising cost of education in foreign countries  If you envision foreign education for your child, be prepared to spend a huge amount on your child’s entry into the best universities.  The average cost of pursuing a degree in the US rose by 497 percent between 1986 and 2018. Even after the pandemic, most colleges overseas have increased their tuition fees. Note that foreign universities charge additional fees for international students.  Factors responsible for education inflation rate in India Read More 6. The constant rise in the price of flight tickets  Flight tickets are becoming costlier day by day. The Oil Marketing Companies, also abbreviated as OMCs, have raised ATF (Aviation Turbine Fuel) prices by 16.3 percent in all major cities of India. This latest hike in ATF prices along with the depreciation of the rupee has made airliners increase their fares. 7. Student visas cost more than you may think Nowadays, student visas cost more than you can imagine. There are various categories of student visas and you should be aware of each of them to make it easy for your child 8. Living expenses With the rise in the prices of essential commodities worldwide, living expenses are touching record figures. The impact of education inflation on hidden costs of education can be ascertained with the rise in living expenses.  If you are sending your child abroad, it is crucial to be prepared financially. This is because living expenses abroad can severely affect your child’s educational prospects.   Unfortunately, inflation in the education sector of India is here to stay. Unless you prepare sensibly and start saving, you may have to compromise on the quality of education. You can avoid financial stress by saving and investing early. Investing in mutual funds and other financial instruments is the most ideal way to counter education inflation. How to beat education inflation? https://www.youtube.com/shorts/jPHG8h87Dzo YouTube: EduFund Join our robust WhatsApp Community that helps parents invest! FAQs How does inflation affect students? Inflation affects all costs and services. Whether it's the price of lemons or education, inflation is the reason for an increase in the prices of goods and services. It affects students just like any other customer by increasing the cost of education, tuition fees, transport, living expenses, books, research facilities, etc. What is the cost of education in India? The average person ends up spending as much as Rs 36 lakh - Rs 38 lakh raising a child from birth to 21 years of age. A bulk of this cost goes towards education in India. What is inflation in the education sector of India? Inflation affects education by increasing the cost of studying overall and its hidden costs like buying books, living expenses for international students, uniforms, transportation, entrance exam fees, etc. What causes education inflation in India? There are several reasons that cause education inflation, such as government funding cuts, higher cost of living, tuition fees, administration costs, security, modern school infrastructure, and technological advancements. What is the rate of inflation in the education sector of India? The education inflation rate in India was 3.34 percent in September 2021. However, it has increased to 5.68 percent in the corresponding month of 2022. Why are tuition fees rising? The average cost of pursuing a degree in the US rose by 497 percent between 1986 and 2018. Tuition fees are rising due to high inflation, a growing demand for foreign education as well as a lack of governmental intervention, and presence of private bodies in the education sector.
Cost of Studying in IIMs: Calculating IIM Study Expenses!

Cost of Studying in IIMs: Calculating IIM Study Expenses!

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

What is the Real Cost of Studying at IIT?

The IIT institutes are renowned for offering outstanding academic and employment prospects, making them highly sought-after institutes for engineering education.   Candidates must first pass the JEE Mains exam and then the JEE Advanced exam in order to be admitted to an IIT. They can then apply for admission to an IIT if they are successful. The cost of attending the various IITs in India frequently piques the interest of prospective students. Let’s find out the IIT total fees for 4 years for prospective students.  IIT Fee Structure  The IIT total fees for 4 years for a B.Tech. are as follows:  Organization Name *Fees for (General and OBC candidates) in Rs. *Total Fee (SC/ST candidates) in Rs. IIT Kharagpur 950000 175000 IIT Mumbai 900000 125000 IIT Chennai 825000 320000 IIT Kanpur 868000 190000 IIT Delhi 900000 250000 IIT Guwahati 875000 230000 IIT Roorkee 867000 300000 IIT Bhubaneshwar 980000 250000 IIT Gandhinagar 990000 340000 IIT Hyderabad 920000 290000 IIT Patna 840000 330000 IIT Punjab (Ropar) 500000 90000 IIT Rajasthan (Jodhpur) 970000 180000 IIT Indore 990000 350000 IIT Mandi 870000 80000 IIT BHU 950000 260000 IIT Bhilai 820000 350000 IIT Dharwad 985000 195000 IIT Goa 890000 290000 IIT Jammu 100000 180000 IIT Palakkad 930000 280000 IIT Tirupati 850000 250000 ISM Dhanbad 820000 240000  The new pricing structure for IIT Bombay is shown below IIT Bombay is one of the toughest IITs to crack. Here are the IIT Bombay total fees for 4 years:  Caution money (refundable)  ₹ 2,000 One-time fee  ₹ 5,000 Tuition fees  ₹ 1,00,000 Other fees  ₹ 3,750 Extra (Annual fees)  ₹ 126  Total Amount  ₹ 1,10,876  The cost of the dorm and the meal plan per semester Mess caution fee (refundable)  ₹ 1,000 Hostel Seat Rent  ₹ 500 Electricity and water fee  ₹ 2,500 Hostel Subsidy fee  ₹ 6,000 Hostel Establishment fee  ₹ 2,000 Mess fee  ₹ 13,000 Total Amount  ₹ 25,000  Most expensive colleges in India Read More Main Components of IIT Fee Structure Studying at an IIT comes with a fee structure that encompasses several components. Understanding these components is crucial for students and parents to effectively plan their finances. Let's explore the key elements of the IIT fee structure. Tuition Fee: This is the primary cost of attending courses at an IIT and varies based on the year of enrollment. It covers the expenses associated with world-class education and academic resources. Examination Fee: This fee covers the cost of conducting examinations, ensuring a fair and standardized evaluation system for students. Hostel Fee: The hostel fee includes charges for hostel establishment, seat rent, and a subsidy. IITs provide comfortable and conducive hostel facilities for students, fostering a vibrant campus life. Caution Money: At the time of admission, students are required to pay a refundable deposit known as caution money. This deposit acts as a security against any potential damages during the course of their stay at the institute. Contribution to Hostel Subsidy: IITs are committed to providing subsidized hostel facilities to their students. This fee helps support the maintenance and management of these hostels, ensuring affordable accommodation options. Electricity & Water Charges: To ensure a comfortable living environment, the charges for electricity and water usage in the hostels are included in the fee structure. This enables students to focus on their studies without worrying about additional expenses. Gymkhana Fee: IITs offer a range of sports and recreational facilities to promote holistic development among students. The gymkhana fee covers the expenses associated with these facilities, encouraging students to engage in physical activities and pursue their passions. Medical Fee: The well-being of students is of utmost importance to IITs. The medical fee is designed to cover the cost of medical facilities and services provided on campus, ensuring prompt healthcare support whenever required. It is important to note that while these components form the core of the IIT fee structure, slight variations may exist between different IITs. To obtain accurate and up-to-date information, we recommend referring to the official websites of the respective IITs. Fee Benefits: How to reduce the fees? IITs understand the financial challenges faced by students and strive to provide fee benefits that reduce the burden. These benefits, subject to eligibility criteria, vary across institutes. Let's explore some common fee benefits offered by IITs. Fee Waivers: IITs may offer partial or full fee waivers to students from economically disadvantaged backgrounds. This initiative ensures that deserving students have access to quality education without financial constraints. Scholarships: Meritorious students who exhibit exceptional academic performance may be eligible for scholarships. These scholarships recognize and reward their achievements, providing further motivation to excel. Financial Aid: IITs extend financial assistance to students who face challenging financial circumstances. Such aid aims to support deserving students in pursuing their academic aspirations, regardless of their economic background. Tuition Fee Benefits: Some IITs offer specific tuition fee benefits to students from particular categories or reserved quotas. These benefits aim to foster diversity and inclusivity within the IIT community. To avail of these fee benefits, students are advised to carefully review the specific offerings of the IIT they are interested in and ensure they meet the eligibility criteria. Top 10 Most Competitive IIT Courses in India IITs are renowned for offering a wide range of courses across various disciplines. These courses equip students with the knowledge and skills required to excel in their chosen fields. Here, we present a sample of the top courses offered by IITs: Bachelor of Technology (B.Tech) in Computer Science and Engineering B.Tech in Electrical Engineering B.Tech in Mechanical Engineering B.Tech in Civil Engineering B.Tech in Chemical Engineering B.Tech in Aerospace Engineering B.Tech in Biotechnology B.Tech in Electronics and Communication Engineering B.Tech in Metallurgical and Materials Engineering B.Tech in Industrial Engineering and Management It is important to note that this is just a glimpse of the diverse disciplines and specializations available at IITs. Students can explore a wide array of options and select the course that aligns with their interests and aspirations. Scholarships by IITs IITs provide scholarships to deserving students, acknowledging their remarkable achievements and supporting their educational journey. Scholarships are awarded based on various criteria, including academic performance, financial need, and category-based reservations. Let's explore some scholarships offered by IITs: Institute Merit-cum-Means Scholarship: This scholarship recognizes students who excel academically and demonstrate financial need. It aims to support their education and ensure they have access to the necessary resources. SC/ST Scholarships: IITs offer scholarships specifically for students belonging to Scheduled Castes (SC) and Scheduled Tribes (ST) categories. These scholarships promote inclusivity and equal opportunities for all. OBC-NCL Scholarships: Scholarships are available for students belonging to Other Backward Classes (OBC) - Non-Creamy Layer category. These scholarships enable students from diverse backgrounds to pursue their dreams without financial constraints. PwD Scholarships: IITs provide scholarships to students with disabilities (PwD), empowering them to overcome challenges and fulfill their academic potential. In addition to these scholarships, IITs also facilitate external scholarships offered by various organizations and government schemes. Students are encouraged to visit the official websites of individual IITs to gain detailed information about scholarships and the application process. Admissions & Cut-offs for IIT Courses Admission to IITs is highly competitive and is based on performance in the Joint Entrance Examination (JEE) Advanced. The cut-off marks for admission vary each year, influenced by factors such as the number of applicants and the difficulty level of the exam. Here are some key points regarding admissions and cut-offs for IIT courses: JEE Advanced: Only candidates who qualify in the JEE Main examination are eligible to appear for JEE Advanced, which serves as the entrance exam for IITs. The JEE Advanced exam evaluates students' aptitude and readiness for rigorous academic programs. Rank-based Selection: Admissions to IITs are based on the All India Rank (AIR) obtained in JEE Advanced. The ranking system ensures a fair and transparent selection process, allowing deserving candidates to secure their seats in their preferred IITs. Category-wise Cut-offs: IITs have separate cut-off ranks for different categories, including General, OBC-NCL, SC, ST, and PwD. This ensures equitable opportunities for students across various social backgrounds. Counseling Process: Candidates who meet the cut-off criteria are eligible for counseling and seat allocation through the Joint Seat Allocation Authority (JoSAA). The counseling process helps students secure admission to their preferred IITs and courses based on their ranks and choices. Seat Matrix: The number of seats available in each IIT and course is determined by the seat matrix, which is released by the authorities. The seat matrix provides students with insights into the availability of seats and aids them in making informed decisions. Aspiring students are advised to stay updated with the official websites of IITs and JEE Advanced for the latest information on admissions and cut-offs. Available scholarships for engineering 1. MOMA Scholarship  The Ministry of Minority of Minority Affairs sponsors the MOMA Scholarship, a merit-based financial aid award. This grant is intended for minority students who display outstanding academic performance but have limited financial resources. Candidates from the minority community include Muslims, Sikhs, Christians, Zoroastrians, Buddhists, and Jains. Students at the Indian Institutes of Technology are reimbursed for their whole tuition costs. In the minority community, girls make up 30% of scholarship recipients.  2. The North-South Foundation Scholarship  Undergraduate students seeking admission to engineering, medicine, or diploma programs can apply for scholarships from the North-South Fund. If a candidate's family income is less than 90,000 annually and they scored in the top 10% on their state CET, 10th, and 12th-grade examinations, they are eligible for the award (Common Entrance Test). Students coming from government schools, and colleges, and applying to government undergraduate colleges are given preference.  3. Golden Jubilee Scholarship from LIC  The scholarship is awarded to applicants whose annual household income does not exceed 1,00,000. It is offered during the entire semester. A total of 10,000 is offered in 10 installments (at a rate of $1,000 per month).  4. Scholarships from the UGC for Rank Holders  Scholarships are offered by the University Grants Commission (UGC) to students in an effort to advance higher education in the nation. This is awarded to individuals who finished first and second in their undergraduate colleges and are enrolled in post-graduate coursework.  5. Google Anita Borg Scholarship  Only female applicants are eligible for this scholarship. It is offered to women studying graduate and postgraduate studies in the sciences. The decision is made based on leadership abilities and academic achievement.  Join our robust WhatsApp Community to get updates on Ed-loans! FAQs Are all IITs in India supported by the government?  Certainly, the IIMs have received financial support from the Ministry of Human Resources and Development, but this has no bearing on policy choices or regular business.  What is the cost of a B.Tech in CSE at IIT Bombay?  A BTech in CSE at IIT Bombay costs approximately INR 8.55 lakhs for the entire program. What is the most a student from India can borrow for a college loan?  The maximum amount for an education loan for graduate studies is Rs. 75 lacks. Depending on the circumstances, the loan's amount fluctuates. Additionally, the bank has complete control over the repo rate spread. Throughout the loan's term, the spread could alter.  Does IIT Madras offer a B.Sc. in Programming & Data Science program on campus?  There is no similar on-campus program. This curriculum has been painstakingly created by IIT Madras to be entirely online. Is free enrollment at IIT possible?  Admission to IITs requires payment of tuition. Only those who have passed JEE Mains are eligible to take the IIT JEE Advanced exam, which is required for admission to IITs. IIT tuition fees vary by student, but a B. Tech should cost about Rs. 10 lakhs. 
Best Government Schools in India

Best Government Schools in India

Government schools in India play a pivotal role in shaping the educational landscape of the nation. These institutions, funded and operated by the government, cater to a diverse range of students and serve as the bedrock of the education system. In this article, we will provide a concise overview of government schools in India, emphasizing their importance, the challenges they face, and the initiatives aimed at their improvement. Role of Government Schools  1. Inclusivity and Accessibility  One of the most commendable aspects of government schools in India is their commitment to inclusivity. They welcome students from various socio-economic backgrounds, ensuring that education remains accessible to all, regardless of their financial means. This inclusivity not only promotes diversity but also strengthens the social fabric of the nation.  2. Affordability and Free Education  Government schools further underscore their significance by offering free education up to a certain level. This crucial provision alleviates the financial burden on parents and guardians, enabling millions of children to receive a quality education without compromising their families' financial stability.  Challenges Faced by Government Schools 1. Infrastructure and Facilities  Despite their noble mission, government schools often grapple with inadequate infrastructure and facilities. Insufficient classrooms, outdated equipment, and inadequate sanitation facilities can hinder the overall learning experience for students.  2. Teacher Training and Quality  Ensuring that government school teachers receive proper training and maintain a high standard of teaching is imperative. Investment in teacher development programs is essential to guarantee that students receive the best education possible.  3. Curriculum and Innovation  To remain relevant in an ever-evolving world, government schools need to continuously update and modernize their curriculum. Incorporating innovative teaching methods and subjects is vital to prepare students for the challenges of the 21st century.  Government Initiatives for Improvement  1. Sarva Shiksha Abhiyan (SSA)  The Sarva Shiksha Abhiyan (SSA) is a flagship program aimed at providing quality elementary education to all children. It has significantly improved access to education in remote and underserved areas, further enhancing the reach and impact of government schools.  2. Rashtriya Madhyamik Shiksha Abhiyan (RMSA)  The Rashtriya Madhyamik Shiksha Abhiyan (RMSA) focuses on enhancing the quality of secondary education. By investing in better infrastructure, teacher training, and curriculum development, RMSA is elevating the standards of government schools across the country. 3. Digital Learning Initiatives  To keep pace with technological advancements, government schools are embracing digital learning initiatives. These initiatives are ensuring that students have access to digital resources, fostering a more interactive and engaging learning environment. Private vs. Government Education Loans Read More Top Government Schools in India   1. Introduction to Top Government Schools  In the vast landscape of government schools in India, some institutions shine brightly as the epitome of academic excellence and holistic development. These top government schools are renowned not only for their history but also for the remarkable contributions they have made to education in the country. In this section, we will delve into the significance of these institutions and the criteria that set them apart.  2. The Significance of Top Government Schools  Top government schools in India hold immense significance in the educational landscape. They are known for their unwavering commitment to providing students with a well-rounded education that encompasses academic excellence, character development, and the nurturing of talent and skills. These schools set high standards, not only in terms of academic achievements but also in fostering critical thinking and leadership qualities among their students.  3. The Criteria for Selecting Top Schools  Selecting top government schools is not a simple task, as it involves evaluating various factors that contribute to their excellence. Key criteria include academic performance, infrastructure and facilities, teaching quality, extracurricular activities, and the overall impact these schools have on their students and society at large.  1. Delhi Public School, RK Puram, New Delhi Overview and History  Delhi Public School, RK Puram, New Delhi, stands as a beacon of educational excellence with a rich history dating back to its establishment. Known for its commitment to holistic education, this institution has consistently delivered outstanding results and shaped the future of countless students.  1. Academic Excellence and Facilities  The school's commitment to academic excellence is reflected in its rigorous curriculum and world-class facilities. It provides students with access to top-notch resources, including well-equipped classrooms, libraries, and laboratories, ensuring a conducive environment for learning.  2. Notable Alumni  Delhi Public School, RK Puram, boasts an impressive list of notable alumni who have excelled in various fields, including business, politics, and the arts. These alumni serve as an inspiration to current and future generations, demonstrating the school's lasting impact. 2. The Doon School, Dehradun  1. Legacy and Reputation  The Doon School, Dehradun, holds a legacy and reputation that few institutions can match. With a history dating back to its founding, this school has consistently set high standards for education and character development.  2. Holistic Education Approach  The Doon School is renowned for its holistic approach to education, emphasizing not only academic excellence but also character-building, leadership, and critical thinking. Students here are encouraged to explore their talents and interests beyond the classroom.  3. Achievements and Alumni  The school's emphasis on character development and discipline has led to many of its alumni excelling in the defense services, civil services, and various other fields. Their achievements are a testament to the school's commitment to nurturing well-rounded individuals.  3. Sainik School, Kazhakootam, Kerala  1. Military Education and Discipline  Sainik School, Kazhakootam, Kerala, is distinguished for its focus on military education and discipline. It instills values of patriotism, leadership, and service in its students, preparing them for careers in the armed forces.  2. Character Development  Beyond academics, the school places a strong emphasis on character development, encouraging students to become responsible and disciplined citizens. This character-building approach sets the school apart.  3. Alumni in Defense Services  Sainik School, Kazhakootam, has produced numerous alumni who have gone on to serve the nation in various defense services, showcasing the institution's commitment to producing dedicated and skilled individuals in this field. 4. Rajkiya Pratibha Vikas Vidyalaya (RPVV), Delhi  1. Commitment to Quality Education  RPVV schools in Delhi have gained recognition for their unwavering commitment to providing quality education to economically disadvantaged students. These schools offer an inclusive and conducive learning environment that fosters academic growth.  2. Inclusive and Conducive Learning Environment  RPVV schools have created a nurturing and inclusive atmosphere where students from diverse backgrounds can thrive. The schools' dedication to inclusivity ensures that every student has an equal opportunity to succeed.  3. Success Stories of RPVV Alumni  RPVV alumni have gone on to achieve remarkable success in various fields, breaking barriers and making their mark in society. Their stories stand as a testament to the quality of education and support provided by these schools.  5. Kendriya Vidyalaya Sangathan (KVS)  1. Nationwide Network of Central Government Schools  Kendriya Vidyalaya, operated by the Kendriya Vidyalaya Sangathan (KVS), forms a nationwide network of central government schools. They are known for their standardized curriculum and commitment to inclusivity.  2. Standardized Curriculum and Inclusivity KVS schools follow a standardized curriculum that ensures uniformity and quality across the network. They offer quality education to the children of central government employees, fostering an environment that promotes diversity and inclusivity.  Private vs. Government Schools Read More List of Central Government Schools in India   1. Introduction to Central Government Schools  Central Government Schools in India play a crucial role in the nation's education system. They are established and administered by various central government bodies, providing quality education and numerous benefits to students.  2. The Role and Significance of Central Government Schools  Central government schools are known for their commitment to delivering quality education across the country. They ensure that students, regardless of their location, have access to standardized and high-quality educational facilities.  3. Free Education and Other Benefits  One of the most notable aspects of central government schools is their provision of free education up to a certain level. Additionally, these schools often offer other benefits such as scholarships, financial assistance, and a range of extracurricular activities. 1. Jawahar Navodaya Vidyalaya's (JNVs)  1. Focus on Rural and Underprivileged Students  Jawahar Navodaya Vidyalaya (JNVs) are central government schools with a specific focus on rural and underprivileged students. They aim to bridge educational disparities by providing access to quality education and opportunities for those who may not have had them otherwise.  2. Free Education, Boarding, and Lodging  JNVs offer not only free education but also boarding and lodging facilities to students, particularly those from remote areas. This ensures that students from diverse backgrounds receive a uniform and inclusive educational experience.  3. Success Stories of JNV Graduates  JNVs have a track record of producing successful graduates who have excelled in various fields. These success stories highlight the positive impact of JNVs in transforming the lives of students from disadvantage backgrounds.  2. Sainik Schools  1. Preparing Students for Careers in the Armed Forces  Sainik Schools have a unique mission to prepare students for careers in the armed forces. They provide specialized training, discipline, and a structured academic curriculum that equips students for a future in the defense services.  2. Discipline and Rigorous Academic Training  Sainik Schools are known for their disciplined environment and rigorous academic training. This focus on character development, leadership, and physical fitness sets them apart from other educational institutions.  3. Achievements of Sainik School Alumni  Sainik Schools have a proud history of alumni who have gone on to serve the nation in various capacities, including as military officers, civil servants, and leaders in different fields. Their achievements underscore the effectiveness of the school's training. Other Notable Central Government Schools  In addition to the schools, there are several other noteworthy central government schools in India, each with its unique strengths and contributions to the education sector. These schools collectively form a strong educational network across the nation.  In summary, central government schools in India provide students with access to quality education, free education opportunities, and a range of benefits. They cater to diverse needs, from preparing students for careers in the armed forces to offering a standardized curriculum in major cities. The success stories of their graduates stand as a testament to the positive impact of central government schools on the nation's educational landscape.  Join our robust WhatsApp Community that helps parents invest! FAQs How many government schools in India? As of my last knowledge update in September 2021, India has approximately 1.5 million government schools. These schools, administered by various state and central government bodies, play a crucial role in providing education to a vast and diverse population.  Which state has the most government schools in India? Uttar Pradesh holds the distinction of having the highest number of government schools in India. With its large population, the state has an extensive network of government educational institutions, catering to millions of students.  Are government schools in India free? Yes, government schools in India offer free education up to a certain level. This provision aims to make education accessible to all, especially those from economically disadvantaged backgrounds. While education is free in government schools, students may incur minimal expenses for uniforms, books, and other miscellaneous items.
Top Schools in Kanpur and Planning for Your Child's Future

Top Schools in Kanpur and Planning for Your Child's Future

Nestled along the banks of the Ganges, Kanpur is a city rich in history and culture. As families in Kanpur seek the best educational avenues for their children, the city hosts a variety of schools that have become synonymous with excellence. In this blog, we'll explore some of the top schools in Kanpur, shedding light on their offerings and fee structures. Additionally, we'll discuss the significance of investing in mutual funds for your child's higher education and how EduFund can be your partner in this journey. Top Schools in Kanpur 1. Dr. Virendra Swarup Education Centre: Known for its holistic approach, this CBSE-affiliated school offers a dynamic curriculum and state-of-the-art facilities. With a focus on character development and academic excellence, it stands tall as a beacon of quality education. 2. Delhi Public School, Kanpur: As part of the renowned DPS chain, this school follows the CBSE curriculum and is committed to providing a well-rounded education. The campus boasts modern infrastructure, experienced faculty, and a plethora of extracurricular activities. 3. The Chintels School: Affiliated with the ICSE board, The Chintels School is celebrated for its student-centric approach. With a strong emphasis on fostering creativity and critical thinking, it stands out as a preferred choice for many parents. 4. St. Mary's Convent School: Founded on the principles of discipline and academic excellence, this school follows the ICSE curriculum. It has a rich history and has consistently produced well-rounded individuals. 5. Guru Nanak Public School: With a commitment to promoting Sikh values and academic brilliance, this school has made a mark in the educational landscape of Kanpur. It follows the CBSE curriculum and provides a nurturing environment for holistic development. Understanding School Fees: While these schools offer top-notch education, it's essential to consider the financial aspect. School fees vary based on factors such as infrastructure, faculty quality, and extracurricular facilities. On average, fees in these premier schools can range from INR 50,000 to 1,50,000 per annum. Planning for Your Child's Future: The Role of Mutual Funds As parents invest in their child's education, it's crucial to plan financially for the journey ahead. One effective way to do so is by investing in mutual funds. Here's why: 1. Long-Term Wealth Creation: Mutual funds offer the potential for significant long-term returns. By starting early, you harness the power of compounding, allowing your investments to grow substantially over time. 2. Diversification: Mutual funds pool money from various investors to invest in a diversified portfolio of stocks, bonds, or other securities. This diversification helps spread risk and enhances the potential for stable returns. 3. Systematic Investment: With Systematic Investment Plans (SIPs), you can invest a fixed amount regularly. This disciplined approach ensures consistent investment, irrespective of market fluctuations. 4. Professional Management: Mutual funds are managed by seasoned fund managers who make investment decisions based on in-depth research and market analysis. This professional expertise adds value to your investment strategy. EduFund: Your Partner in Financial Planning Navigating the financial landscape for your child's education can be daunting. That's where EduFund steps in as your trusted partner. EduFund is designed to simplify the process of planning and saving for your child's higher education. It provides personalized investment plans, guides you through the mutual fund selection process, and ensures that you are on track to meet your financial goals. In conclusion, as you explore the top schools in Kanpur, it's equally vital to plan financially for your child's educational journey. Mutual funds, with their potential for growth and professional management, can be a cornerstone in securing your child's academic future. Let EduFund be your companion in this exciting venture, ensuring that you provide the best for your child's education. Join our robust WhatsApp Community that helps parents invest!
Top Schools in Amritsar and Smart Investments for Your Child's Future

Top Schools in Amritsar and Smart Investments for Your Child's Future

Amritsar, known for its rich history and cultural heritage, is also home to some of the finest educational institutions in Northern India. Choosing the right school for your child is a significant decision that influences their academic journey and overall development. In this guide, we explore the top schools in Amritsar, shed light on their offerings, and conclude with valuable insights into smart investments for your child's higher education. Best Schools in Rajkot! 1. Delhi Public School (DPS), Amritsar: DPS Amritsar, an extension of the renowned DPS Society, is a beacon of academic excellence. With a curriculum designed to foster holistic development, DPS Amritsar provides state-of-the-art facilities and a conducive learning environment. The annual fee ranges from INR 60,000 to INR 1,00,000, depending on the grade. 2. Spring Dale Senior School: A stalwart in the education sector, Spring Dale Senior School is synonymous with quality education. Offering a spectrum of co-curricular activities and a well-rounded curriculum, Spring Dale is committed to nurturing young minds. The annual fee for Spring Dale ranges from INR 40,000 to INR 80,000. 3. Guru Nanak Dev University (GNDU) Public School: Affiliated with Guru Nanak Dev University, this school blends tradition with modern education. GNDU Public School emphasizes academic rigor, cultural values, and character development. The annual fee for GNDU Public School ranges from INR 30,000 to INR 60,000. 4. St. Francis School: St. Francis School is a prestigious institution known for its academic brilliance and extracurricular activities. The school focuses on a balanced curriculum that encourages both academic and personal growth. The annual fee for St. Francis School varies from INR 35,000 to INR 70,000. 5. Khalsa College Public School (KCPS): Rooted in the Khalsa College legacy, KCPS is a dynamic institution fostering academic excellence. With modern infrastructure and a dedicated faculty, KCPS strives to impart quality education. The annual fee for Khalsa College Public School ranges from INR 30,000 to INR 55,000. Best Schools in Gurgaon Investing in Your Child's Future: While choosing the right school is crucial, planning for your child's higher education is equally important. As educational expenses continue to rise, it's prudent to explore investment options that ensure financial preparedness. One such avenue is mutual funds. Importance of Investing in Mutual Funds: Mutual funds offer a disciplined and systematic approach to wealth creation. With the potential for higher returns compared to traditional savings, mutual funds provide a means to build a corpus for your child's education. Additionally, they offer diversification, professional fund management, and liquidity. EduFund – Your Partner in Securing Your Child's Future: Navigating the world of investments can be overwhelming, but EduFund simplifies the process. EduFund is a comprehensive platform that assists parents in planning and funding their child's education through strategic investment in mutual funds. By leveraging technology, EduFund creates tailored investment plans aligned with your financial goals. Selecting the right school for your child in Amritsar sets the foundation for their academic journey. Simultaneously, investing wisely in mutual funds through platforms like EduFund ensures that you are financially equipped to provide the best possible education for your child. By making informed decisions today, you pave the way for a brighter and more secure future for your loved ones. Join our robust WhatsApp Community that helps parents invest!
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