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Top Boarding Schools in Switzerland for International Students | Fees Listed

Top Boarding Schools in Switzerland for International Students | Fees Listed

Switzerland is known for its excellent education system. It is home to the most expensive school, The incredible Institut Le Rosey, also known as the "School of Kings". The estimated fee for this school is CHF 1,25,000 (1.17 crore in INR). Let's look at some of the most popular and expensive boarding schools in Switzerland for international students! Most Expensive Boarding Schools in Switzerland Leysin American School: Nestled in the breathtaking Swiss Alps, Leysin American School offers a transformative learning experience amidst stunning natural beauty. With a diverse student body and a commitment to innovation, LAS provides a dynamic environment for academic and personal growth. Estimated fees: CHF 120,000 per year. Institut auf dem Rosenberg: Situated in the picturesque town of St. Gallen, Institut auf dem Rosenberg is renowned for its personalized approach to education and emphasis on holistic development. From world-class facilities to a global network of alumni, Rosenberg offers an unparalleled educational experience. Estimated base fees: CHF 93,000 per year, and individual fees are charged separately. This varies based on the student and starts at CHF 50,000 per year. Aiglon College: Perched on a mountainside overlooking Lake Geneva, Aiglon College offers a rigorous academic program combined with outdoor adventure and experiential learning. With a focus on character development and leadership, Aiglon prepares students to excel in a rapidly changing world. Estimated fees start at CHF 85,000 per year. TASIS Switzerland: Located in the picturesque village of Montagnola, TASIS Switzerland offers a unique blend of American-style education and European culture. With a diverse student body representing over 60 nationalities, TASIS provides a multicultural learning environment that fosters global citizenship. Estimated fees: CHF 100,500 per year for boarding children in middle and high school. Day scholars, it ranges between CHF 28,000 to CHF 53,000. Institut Le Rosey: Situated on a sprawling estate overlooking Lake Geneva, Institut Le Rosey is synonymous with luxury and excellence. With a history dating back over a century, Le Rosey offers a world-class education combined with a rich cultural experience. Estimated fees: CHF 1,25,000 per year. Brillantmont International School: Located in the heart of Lausanne, Brillantmont International School combines academic rigor with a supportive and nurturing environment. With small class sizes and personalized attention, Brillantmont offers a tailored educational experience that empowers students to reach their full potential. Estimated fees: CHF 90,500 for 8th and 9th grade, CHF 96,500 for 10th grade and CHF 103,500 for 11th, 12th and 13th graders. Benefits of Boarding Schools! Why you need to invest for your child's education? In today's fast-paced and competitive world, investing in your child's education is more important than ever. With the rising cost of living and limited financial resources, it's essential to plan ahead and secure your child's future. EduFund understands the challenges parents face and is dedicated to helping families achieve financial security through smart investments like mutual funds. By partnering with EduFund, parents can create a solid foundation for their children's education and ensure they have access to the best opportunities the world has to offer. Together, we can unlock a brighter future for the next generation. Invest Now
India's Priciest Schools: Top Picks

India's Priciest Schools: Top Picks

If you are an Indian parent looking forward to providing your kids with the best education possible and curious about the most expensive schools in India for a child's education, then keep reading!  Which are the most expensive schools in India? Let's find out the most expensive schools in India for children's education and where they are located. 1. The Doon School, Dehradun The Doon School in Dehradun is one of the most expensive and best institutions in India. Publications like The New York Times, BBC, and Times of India have framed it as one of the best schools in India. This school provides education of the greatest calibre. The school’s alumni list is enough to encourage you to send your child to this school!  Amitav Ghosh, Abhinav Bindra, Ali Fazal, Anish Kapoor, Karan Thapar, and Chandrachur Singh are some of the notable alumni of this school.  Annual fees: Cost around INR 10 lakhs - INR 11 lakhs Semester expenses: Around INR 25,000 Address: Mall Road, Dehradun 248001.Email: info@doonschool.comPhone: +91-135-2526400Website: www.doonschool.com Expensive Schools in Dehradun Read More 2. The Scindia School, Gwalior The Scindia School in Gwalior is a CBSE-affiliated school in India and is considered one of the most expensive schools in India for your child's education. It is also called the Sardar School. The school has one of the best features in the entire city because it is perched atop the Gwalior fort. The examinations are administered between January and February every year. Salman Khan, Mukesh Ambani, Anurag Kashyap, Arbaaz Khan, Nitin Mukesh, and Ameen Sayani are some of the notable alumni of this school.  Annual fees: Cost around INR 12 lakhs - INR 13 lakhs Address: The Fort, Gwalior, Madhya Pradesh 474008.Email: office@scindia.eduPhone: +91 751 248 0750Website: www.scindia.edu Schools in Gwalior for Child Education Read More 3. The Mayo College, Ajmer The Mayo College in Ajmer is an all-boys college in Rajasthan, popular among Indians and NRIs. It was established to provide modern education to Indian nobility. It is one of the oldest schools and is known for its reverence for Indian culture. The curriculum at Mayo College incorporates technological and technical proficiency, fine arts, theatre, music, sports, and academic excellence. Indra Sinha, Vivek Oberoi, The Sultan of Oman, and Tinnu Anand are some of the alumni of the school. Annual fees: Cost around INR 6.5 lakhs - INR 7 lakhs for Indians and 13 lakhs for NRIs. Address: Mayo College, Srinagar Road, Ajmer, Rajasthan 305001Email: principal@mayocollege.comPhone: 0145 – 2661154, 2664393Website: www.mayocollege.com Expensive Schools in Ajmer Read More 4. Welham Boys School, Dehradun Welham Boys School is one of the most expensive and prestigious colleges in Dehradun, Uttarakhand, India. It is the educational center of the nation situated on 30 acres of land and is affiliated with the CBSE board. Rajiv Gandhi, Sanjay Gandhi, Navin Patnayak, Zayed Khan, Mansoor Ali Khan Pataudi, and Captain Amrinder Singh are some of the notable alumni of the school.  Annual fees: Cost around INR 5.7 lakhs - INR 6 lakhs.  Address: Welham Boys’ School,5, Circular Road, Dehra Dun – 248001,Uttarakhand, India.Email: admissions@welhamboys.org and viceprincipal@welhamboys.orgPhone: 0135 – 2657944, 2657120Website: www.welhamboys.org Create Goals For Child Education in Premium Schools 5. Woodstock School, Mussoorie Woodstock School in Mussoorie is a reputed co-ed residential educational School that is one of the best and most expensive schools in India. It is the first institution in India to get a formal reputation as an international board World School with a middle-year program. There is diploma program authorization as well. Stephen Alter, Tom Alter, James Taylor, Philips Devol, and Jeet Singh are some of the notable alumni of this school.  The tuition fees of this school range from 16 lakhs for classes 6 to 8 and 17.7 lakhs for classes 10 and 12. Address: Woodstock School, Mussoorie, Uttarakhand,248179, India.Email: admissions@woodstock.ac.inPhone: +91 (135) 263-9000Website: www.woodstockschool.in Expensive Schools in Mussoorie Read More 6. Birla International School, Pilani Birla International School in Pilani is also known as the Vidya Niketan School. There are three sections of this school: the middle section, the senior section, and the junior section. Established in 1944, this is one of the most expensive schools in India for your child's education.  Vinod Rai, General VK Singh, and Vivek Chand Sehgal are some of the notable alumni of this school.  Annual tuition fees: Cost from INR 2.9 lakhs for classes 3 to 10 and 3.10 lakhs for classes 10 and 12.  Address:Vidya Niketan Birla PublicSchool, Pilani-333031Rajasthan-IndiaEmail: principal@bpspilani.edu.inPhone: (01596) 242132Website: www.bpspilani.edu.in Expensive Schools in Ahmedabad Read More 7. Good Shepherd International School, Ooty Good Shepherd International School in Ooty is a full-time residential School established in 1977 in Nilgiris, Tamil Nadu, India. It is a reputed school for its educational practices and has a top rank in the education world in India school ranking.  Malvika Vashishtha, Krishna Kishore, Mako Ravindran, and Sumesg Lekhi are notable alumni of this school. The tuition fees of this school range from INR 6.10 lakhs to INR 15 lakhs. If you are looking for one of the best schools in India for your child's admission, this can be a great option if you live in Tamil Nadu.  Address: Good Shepherd Knowledge Village, M.Palada Post, Ootacamund – 643 004 Tamil Nadu, India.Email: info@gsis.ac.inPhone: +91 423 2550 371 / 071Website: www.gsis.ac.in Schools in Ooty for Child Education Read More 8. Ecole Mondiale World School, Mumbai Ecole Mondiale World School, Mumbai is a prestigious school located in Mumbai. It is considered one of the most expensive schools in India and Mumbai. The school offers an IB curriculum board, an excellent teacher and student ratio of 6:1, and has had over 2800 university offers for its students.  It was established in 2004 and is among the top 5 IB World Schools in India.  Annual tuition fees: The annual fees for Ecole Mondiale World School is INR 6 to 7 lakhs per annum for KG to 1st-grade students. For 1 to 10th grade, it is INR 9 to 10 lakhs while the 11th and 12th grades is INR 10 to 11 lakhs.   The one-time admission fee is INR 3,00,000.  Address: Gulmohar, Cross Rd Number 9, JVPD Scheme  Juhu, Mumbai, Maharashtra 400049 Phone: 022 2623 7265 Website: https://www.ecolemondiale.org Expensive Schools in Mumbai Read More 9. Stonehill International School, Bangalore  Stonehill International School is an international IB school located in Bangalore and was founded in 2008. The school is truly global and has faculty members hailing from 35 countries. It is internationally accredited and recognized. It is considered one of the most expensive schools in India because of its infrastructure, state-of-the-art building, and adoption of the IB curriculum.   Annual tuition fees: The annual fees are INR 4 lakhs to INR 12 lakhs per annum.   Address: 259 / 333 / 334 / 335 Tarahunise Post, Jala Hobli, Bangalore North 562 157, India Phone: +91 8043418300 Website: https://www.stonehill.in Expensive Schools in Bangalore Read More 10. Bishop Cotton School, Shimla  Bishop Cotton School is located in Shimla. It is one of the oldest boys' boarding schools in India and Asia. The school conducts entrance exams across India as an admission criterion and is listed among the top expensive schools because of its facilities and academic excellence.   Annual Tuition Fees: The annual fee for 1st and 3rd-grade students is INR 6.2 lakhs and for students in 3rd to 12th grade, the annual fee is INR 6.5 lakhs.   Address: Shimla Bypass, Near Khalini, Shimla, Himachal Pradesh 171002, India Phone: (0177) 2620880 Email: secy@bishopcotton.com Website: https://bishopcottonshimla.com/  Choose the right board for child schooling Read More 11. Welham Girls’ School, Dehradun The Welham Girls School was established by Ms. H.S. Oliphant in 1957 in Dehradun. The school has classes from 6 to 12 and is affiliated to the CISCE board. It is a day cum residential institution. Some notable alumni include politician Priyanka Gandhi Vadra, Meira Kumar first lady speaker of the Lok Sabha, actress Kareena Kapoor Khan, etc.  Annual Fees: Rs. 8,50,000 Address: Welham Girls’ School, No 19, Municipal Road, Dalanwala, Dehradun-248001Email: mainschool@welhamgirls.com, wgs_admissions@welhamgirls.comPhone: 0135-2654754, 6670100Website: welhamgirls.com 12. The Lawrence School, Sanawar The Lawrence School is a co-ed boarding school located in Sanawar, (Solan) Himachal Pradesh. The school was established in 1847 and is affiliated to the CBSE board. Ashwajeet Singh, Ajai Thandi, Co-founders of Sleepy Owl Coffee, Captain Abhilasha Barak, the first woman officer to join the Army Aviation Corps as a Combat Aviator, Vipin Sondhi, MD & CEO of Ashok Leyland etc. are some of the notable alumni of this school.  Annual Fees: Rs. 13,00,000 Address: Sanawar, Dist Solan, Himachal Pradesh - 173202Email: office@sanawar.edu.inPhone: +91 1792 261208, 261209Website: sanawar.edu.in 13. Shri Ram School, Delhi & Gurugram Founded in 1988 by Mrs. Manju Bharat Ram, The Shri Ram School has 4 campuses, one in Vasant Vihar, and the other three in Gurgaon at Moulsari, Aravali, and Bhondsi respectively. It is affiliated with the CISCE and IB boards. Alumni include some popular names like actor Sonam Kapoor, Rhea Kapoor, actor-director Karan Johar, Anjali Tendulkar, etc Annual Fees: Rs. 4,00,000 Address: D-3 Street, Vasant Vihar, New Delhi - 110057Email: junior.school@tsrs.orgPhone: 26140884, 26149572Website: tsrs.org Address: V-37, Moulsari Avenue, Phase 3, DLF City, Gurugram Email: senior.school@tsrs.orgPhone: 0124-4784400Website: tsrs.orgHamilton Court ComplexPhase 4, DLF City,Gurugram - 122002Email: senior.aravali@tsrs.org, junior.aravali@tsrs.orgPhone: 0124-4784300 14. Mahindra International School, Pune Established in 1998, this school was originally named Mercedes Benz International School. It is located in Hinjewadi, Pune, and is a co-ed institution affiliated with the IB board. It is a popular school and boasts of a low student-teacher ratio. It is a day cum residential school.  Annual Fees: Rs. 17,00,000 Address: P-26 MIDC Phase 1, Rajeev Gandhi Infotech Park, Hinjawadi, Pune - 411057Email: admissions@misp.orgPhone: +91-2042954444Website: misp.org 15. The Cathedral & John Connon School, Mumbai One of the oldest institutions, this school was established in 1860 by the Anglo-Scottish Education Society in Mumbai. It is a co-ed day school offering national (ICSE, ISC) as well as international (IGCSE, IBDP) curriculum. Actors Kiara Advani, Madira Bedi, Rahul Bose, and Homi J. Bhabha are some of the distinguished alumni of this school.  Annual Fees: Rs. 8,70,000 Address: The Cathedral and John Connon School, 6, Purshottamdas Thakurdas Marg, Fort, Mumbai-400001Email: Not providedPhone: 022-2201282/022-40778140Website: cathedral-school.com https://www.youtube.com/shorts/l8Hyb77tkM8 FAQs Which is the most expensive school in India? Schools like Ecole Mondiale World School, Mumbai, Doon School, and Stonehill International School in Shimla are considered some of the most expensive schools in the country. What is the most luxurious school? Here is a list of the most expensive and luxurious schools in India: The Doon School, Dehradun The Scindia School, Gwalior The Mayo College, Ajmer Welham Boys School, Dehradun Woodstock School, Mussoorie Birla International School, Pilani Good Shepherd International School, Ooty Ecole Mondiale World School, Mumbai Stonehill International School, Bangalore Bishop Cotton School, Shimla What are the fees of an expensive school in India? Expensive schools in India cost anywhere between INR 6 to 10 lakhs per annum. This is only the annual tuition fee and does not include the cost of travel, boarding, uniform, and other school expenses. Most expensive schools in India for your child's education charge annual fees from INR 7 lakhs to INR 15 lakhs. These schools are extremely competitive and in demand with Indians as well as NRIs. They hold separate admission tests, and interview rounds as well as have a donation and referral system to select the best and most meritorious students. If you want to give your child the best opportunities then connect with us to plan your child’s education with ease! 
The Ultimate Guide to Best Child Investment Plans to Invest in India

The Ultimate Guide to Best Child Investment Plans to Invest in India

When it comes to quality education, Indian parents leave no stone unturned. To safeguard your child’s future against all odds, you need a child investment plan. With the growing cost of education, saving for multiple goals like school, higher education, college, marriage, and house, and keeping up with different education needs like gadgets, school trips, books or the best child education plan is becoming harder for Indian parents.   A child investment plan helps you manage all these expenses timely and seamlessly. It helps you create a solid plan based on your child’s unique goals. With a good investment plan, you not only secure their tomorrow but you save money in terms of taxes and reduce the looming threat of financial stress on your family. In this blog, we cover all you need to know about the best saving plan for your child and how easy it is to secure your child’s bright future! https://www.youtube.com/watch?v=OQlg-E5rhBM&t=3s Child Investment Plans - A Guide The entire blog is divided into chapters for you to easily browse! Chapter 1: Best Child Investment Plans   Chapter 2: Importance of Child Investment Plans   Chapter 3: Benefits of Child Investment Plans   Chapter 4: The right time to invest in child investment plans   Chapter 5: Key milestones to plan for child investment plans   Chapter 6: Types of Child Investment Plans  Chapter 7: Child Investment Plan Calculators    Chapter 8: How to choose the right child investment plan There is no better gift that a parent can give to their child than the promise of a secure future. There are critical aspects that a parent should never ignore like the rising cost of education, stationary, books, medical expenses, etc.  Here are some of the best-saving child education plans:  UTI CCF – Investment Plan – Growth Direct child plan Tata Young Citizens’ Fund Direct-Growth Child Plan HDFC Children Gift Fund Direct Plan Child plan Axis Children’s Gift Direct No Lock in Growth Child plan SBI Magnum Children’s Benefit Fund Direct-Growth Child plan Aditya Birla Sun Life Bal Bhavishya Yogna Direct-Growth child plan LIC MF Children Gift Fund Direct Plan Child plan 1. UTI CCF: Investment Plan: Growth Child investment plan  The fund is investing predominantly in equity and equity-related instruments across market capitalization. The fund has invested 98.21% in stocks, 0.12% in debt, and the remaining 1.66% in cash. The fund has a diversified portfolio that consists of 55 stocks. The fund follows a growth style of investing which means that the fund invests in stocks with high growth potential. The fund has given consistent performance over the period. Parents who want to invest in a child’s education investment plan can consider this as one of the options. Invest now 2. Tata Young Citizens’ Fund Growth Child investment plan   The fund is investing predominantly in equity and equity-related instruments across market capitalization. The fund has invested 97.88% in stocks and 2.12% in cash. The fund has a diversified portfolio that consists of 55 stocks. The fund has given consistent returns with lower volatility. Parents can consider this plan as one of the child’s investment options to save for the best child education plan.  Invest now 3. HDFC Children Gift Fund Plan child investment plan: (HDFC investment plan for child) The fund is investing has invested in different asset classes including equity and debt. The fund has invested 66.88% in stocks, 24.67% in debt, and the remaining 8.45% in cash. The fund has a diversified portfolio which consists of 46 stocks and 16 bond holdings. The fund follows a growth style of investing which means that the fund invests in stocks with high growth potential. The fund has given consistent performance over different trailing periods. Invest now 4. Axis Children’s Gift No Lock in a Growth Child Investment plan   The objective of the fund is to generate income by investing in debt & money market instruments along with long-term capital appreciation through investments in equity & equity-related instruments. The fund has invested 70.08% in stocks, 18.84% in debt, and the remaining 11.08% in cash. The fund has diversified its investment in different asset classes to minimize the risk and maximize the returns. The fund’s focus is to reduce volatility and enhance returns. Invest now 5. SBI Magnum Children’s Benefit Fund Growth child investment plan  The objective of the fund is to provide the investors an opportunity to earn regular income predominantly through investment in debt and money market instruments and capital appreciation through an actively managed equity portfolio. The fund has invested 22.25% in stocks, 48.05% in debt, and the remaining 29.67% in cash. The fund has very low volatility as the major portion of the money is invested in debt and debt-related instruments. Also, the fund holds AAA-rated quality bonds. The fund is the best saving plan for a child’s future as the volatility is low and has delivered good returns. Invest now 6. Aditya Birla Sun Life Bal Bhavishya Yogna Direct-Growth child investment plan   The investment objective of the Wealth Plan is to seek the generation of capital appreciation by creating a portfolio that is predominantly investing in equity & equity-related securities and debt and money market instruments. The fund has invested 98.64% in stocks and 1.36% in cash. The fund has invested across sectors and follows a growth style of investing with a major portion invested in large-cap companies. Parents planning to save for their child’s future can consider investing in this fund. Invest now 7. LIC MF Children Gift Fund Child investment plan - (One-time investment plan for a child in LIC)   The primary investment objective of the fund is to seek to generate capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity securities & equity-related securities and the secondary objective is to generate consistent returns by investing in debt and money market securities. The fund has invested 86.36% in stocks, 3.82% in debt, and the remaining 9.82% in cash. The fund is a consistent performer and has delivered good returns over the period.   Invest now Importance of child investment plans Child Investment plans for children help you and your child prepare financially for growing education costs, unanticipated illnesses, and bad circumstances. Planning for your child’s future must begin as soon as feasible. This lengthens the time frame over which your assets can increase and balances the associated risks.   1. Funding for children’s education  As your child gets older, a significant portion of your resources will go into paying for your child’s education, thus preparing for higher education is essential for guaranteeing their future. You may generate the money required so that your child can follow their ideal job by investing in their education. With college costs increasing, every day matters when it comes to being financially prepared for your child’s education. Get in touch with our experts at EduFund and you can save up to 2.5 Cr by starting today.   2. Flexibility to withdraw part of funds  By selecting a child investment plan that gives you the freedom to withdraw funds as per your kid’s requirements, you may easily access a portion of your funds while the remainder of your investments continue to grow.  3. Protection against uncertain times  Many of the best child education plans have advantages including premium waivers. This makes it such that, in the sad event that anything bad happens, future premium payments won’t be necessary. The investment yields a lump sum payment upon maturity and grows without the requirement for premium payments. This guarantees that no matter what, your child’s dreams are protected.  4. Different investment options for your child  Fixed deposits and other traditional products might not be enough to cover your child’s college costs. Other products like equities funds, balanced funds, and shares should be taken into account. You can select one of the following investment strategies depending on your time frame:  The best option is debt mutual funds if your child will need the money within five years. Such funds can provide liquidity while producing returns that are more than the rate of inflation.  You can mix several financial products for long-term aims. You have the option of investing in gold, stocks, and debt. Although exposure to the stock market is hazardous, investing in equities gives investors the chance to generate larger profits over the long run.  PPF is one of the greatest investment options for financing a child’s education. To establish a sizable corpus, you must begin this early and invest steadily.  Numerous insurance providers provide a range of kid-focused solutions. When your child needs the money to pursue further education, you may choose to implement more mature policies.  5. Investment strategy for children’s investment plan  List concrete objectives from the outset, such as the child’s desired schooling and associated fees. This will enable you to estimate how much you can afford after paying all of your usual bills and how much you need to save each month. You must keep in mind, though, that loans can also be used to pay for education. Saving for your child’s education does not, therefore, require you to forgo other expenses like healthcare and retirement. Reduce your stock exposure as the financial objective approaches to lower the chance of negative market moves. Benefits of child saving plans 1. Financial security   Savings plans for kids offer a lump sum payout in the form of the claim amount in the event of an unexpected circumstance. The plan is still in effect, and the life insurance company is responsible for all future premium payments. The payoff received after the insurance period guarantees that your children’s wishes will always come true.  2. Tax benefits Additionally, these plans provide Section 80C  tax advantages on premiums paid up to INR 1.5 lakh in a fiscal year. According to Section 10(10D) of the Income Tax Act of 1961, the pay-out received after the policy term is likewise tax-exempt.  3. Education costs benefits   Almost all parents, when asked about their top worry for their child’s future, will quip about how expensive schooling has become in the modern world. It costs money to send your child to a decent school. Additionally, as the years pass, your child could opt to pursue other education that would cost the earth. Your financial load will be lessened if you make wise financial decisions and enroll in a kid insurance plan that matures throughout these seasons.  4. Withdraw part of the funds  After the policy term, child plans provide maturity benefits in the form of a lump payment. You may choose a maturity date based on how soon your child will require money in the future. Your investment accumulates a tidy corpus over the course of the term, which is sufficient to pay for your child’s dreams.  5. A habit of saving  As we have indicated, childcare plans offer the benefits of both insurance and investment. Go back to your financial plan before purchasing a child care plan and estimate your financial needs at each stage of life. Determine the expenses you are saving for, such as elementary and secondary education, college, a wedding, etc. Additionally, evaluate your other obligations, such as a mortgage, and decide on an insurance plan that perfectly complements your financial strategy. Although it may at first seem like a nuisance, making regular premium payments will eventually become a habit that will serve you well as your child becomes older.  The right time to invest in child investment plans    The best time to start investing in the best child education plan is right now since there are several advantages to beginning early. The sooner you begin investing, the more you can eventually give your kids. Your biggest ally is time, so even if you just save a tiny amount today, it will eventually grow into a sizable corpus.   The power of compounding should be fully utilized in order to maximize the profits that will be created on any current investments you make. Starting to save for your children as soon as possible is a wise move. You may make sure that every monetary element of their lives is taken into consideration in this way. But it’s never too late to start saving. Even if you start saving while your kids are young (1 to 8 years old), you can amass enough money to support them as they age and their expenditures rise.  https://www.youtube.com/shorts/QbMu1WsEwl8 Here are some factors to help you determine the right time to invest in child investment plans:    a) Time Horizon When do you need the invested money and how long can you stay invested? Based on your time horizon and risk assessment you can take the help of a financial advisor to figure out the best child investment plan for your child’s needs. The benefits are often larger the longer the time horizon.  b) Risk Assessment What is your risk appetite? This is a very common question every investor should ask themselves before investing their money in any investment. Are you risk-averse or are you willing to take a risk? Based on your answer, you can figure out the best investments.    c) Cost of Education The average cost of your child’s future education must be considered as the second element. Costs for postgraduate education are sometimes greater than those for graduation, however, this varies per school. You should also think about whether you want your child to have a local education or a global education. You could also consider your child’s graduation in your own nation as well as their subsequent post-graduation in a foreign nation.  Key milestones to plan for child investment plans  There are key milestones that you need to focus on when planning your child’s investment plans. What do key milestones mean? It means certain events for which you need to be financially prepared like your child’s school, college, and marriage. It is important to keep these events in mind before allocating funds toward a child investment plan.   1. School  When budgeting and preparing their investment for their child’s education, parents should expect the primary school tuition price, and expenses like uniforms, books, extracurricular activities, transport fees, yearly vacations, picnics, etc., to be between (INR 1.25 – 2 lakh per year).  2. Higher education  The yearly cost of study and living is the first and most important element that one has to take into account before enrolling in college. Universities offer housing on their campuses for both domestic and international students. However, if the institution you have selected to attend does not provide this amenity, you may simply obtain personal accommodations. Following is the estimated cost of studying UG and PG courses from India and abroad:   Govt Colleges in India will cost around Rs 5-6 lakhs.  Private Colleges in India will cost around Rs 8-10 lakhs.  Studying Abroad can cost up to INR 1 crore.  3. Marriage  Although it is stated that marriages are created in paradise, they take place on Earth and require a lot of money to make them memorable. You arrange your “Big Day” to be a special occasion for both you and the family that attend the ceremony. The Indian wedding market is presently worth over Rs. 1,000 crores and is expanding quickly, at a pace of 25–30% annually. The average cost of a wedding in India ranges from INR 20 lakhs to 5 crores. According to estimates, the average Indian spends one-fifth of his lifetime earnings on his wedding. Also, you need to assemble a skilled team, including event planners, florists, caterers, and fashion designers, to make your special day extraordinary. https://www.youtube.com/watch?v=uYlrsx9_yog Types of Child investment plans for girl and boy child There are several types of child investment plans to consider your child’s unique goals. Based on your risk assessment, time horizon, and your child’s education goal, you can choose one or more child investment plans to give your child an edge. Here are the different types of child investment plans you need to consider:   1. Sukanya Samriddhi Yojana  Sukanya Samriddhi Yojana is a unique child investment plan for parents of a girl child. This is offered by the Indian government to encourage parents to save and invest in their daughters early on. The main objective of the SSY program is to encourage parents to make substantial financial commitments to a strategy for their daughters’ future education and marriage.  Parents who have girls under the age of ten can invest in the SSY program. The SSY program investment is locked in for 21 years post-account opening. After the account is opened, the parent is allowed to invest for a total of 15 years. Investments made in SSY accounts are eligible for tax deductions under Section 80C of the Income Tax Act of 1961. Each year, a minimum investment of ₹250 must be made, and a maximum investment of ₹1,50,000 may be made. SSY accounts can be opened and utilized at any location of an accredited bank or the India Post Office.  2. Equity Mutual Funds  When your child is still small and you have at least 15 to 20 years till retirement, it is excellent to begin investing in equities mutual funds. This enables you to withstand shocks like stock market collapses and volatility. Equity investing is not for everyone since it demands technical expertise and the capacity to keep current. To choose equities mutual funds is, therefore, the better option.   These are managed by professionals who are aware of how to choose the least hazardous stocks while still making sure that your money grows over time. You may put together a portfolio of equity mutual funds just for your child’s schooling. When your child is 4 or 5 years old, you may accomplish this by creating an account specifically for children and choosing Systematic Investment Plans (SIPs) in risky products like equities mutual funds. Then, when you and your child become older, you can take a more conservative approach.  3. Public provident fund (PPF)  Parents continue to favor PPF even after the government lowered interest rates on provident fund accounts. Because you cannot take the corpus until the conclusion of the 15-year maturity period, PPF deposits promote discipline. You may build your corpus for educational purposes because the principle, interest, and total maturity amount are all tax-free.  You may rest certain that your money is secure because the government backs PPFs. However, because PPFs’ official interest rates have already decreased, relying only on them can result in a cash flow problem. Build your portfolio to provide larger returns to prevent this. For your child’s future, choose a well-balanced investment portfolio that includes both PPFs and Unit Linked Insurance Plans (ULIPS).  4. Direct Equity  Direct equity, sometimes referred to as stock investing, is perhaps the most effective investment strategy. You get a stake in a company when you buy stock in it.  You are personally responsible for funding the business’s growth and advancement. You need to have the necessary time and market knowledge to make money from your investment.  Publicly traded companies provide their stocks on reputable stock markets. Stocks are the finest long-term investments. You must actively manage your assets since several economic and commercial factors influence shares. You must also be aware that profits are not guaranteed, and you must be willing to assume the associated risks.  5. Fixed Deposits  Banks and other financial organizations provide FDs as one sort of investment. You earn a fixed rate of interest for a predetermined amount of time after making a deposit. Compared to mutual funds and equities, fixed deposits offer complete capital protection and guaranteed returns.  You give in, though, since the rewards remain the same. The banks establish the interest rate on fixed deposits by the RBI’s policy review decisions, and it changes depending on the status of the economy. Despite being typical locked-in investments, fixed deposits are commonly accepted as collateral for loans or overdraft facilities by investors. A fixed deposit with tax advantages and a 5-year lock-in is also available.  6. Employee Provident Fund  The EPF is one of the investment vehicles geared toward retirement, and it enables salaried individuals to take advantage of a tax credit under Section 80C of the Income Tax Act of 1961. EPF contributions are often provided by the employer in addition to employee deductions that are typically made as a percentage of monthly wages.   Once it reaches maturity, the EPF withdrawal corpus is entirely tax-free. The Indian government also determines the EPF rates each quarter and provides a guarantee on your EPF deposits.  7. US stocks  By purchasing US stocks, you may gain exposure to the most well-known brands, like Nike, Starbucks, and other well-known companies like Tech Giants Google, and Apple. These businesses are well-known and present around the world. You may diversify your portfolio by investing in such businesses. Over the previous five years, the US dollar has increased. You acquire US Dollars when you invest in US stocks. When these assets are kept for a lengthy period, the value of your investment rises about the USD exchange rate.  https://www.youtube.com/watch?v=C2K84ePN4IU 8. National Pension System   The National Pension System is a more modern alternative for tax-saving investments (NPS). NPS plan subscribers must stay committed until retirement and can anticipate higher returns than those from PPF or EPF. This is true since the NPS offers plan choices that include stock investments. A portion of the tax-exempt NPS maturity corpus must be utilized to purchase an annuity that will give the investor a regular pension.  Child investment plan calculators   By using different child investment plan calculators, you can prepare yourself for the increasing cost of education. Child investment plan calculators like the mutual fund, SIP calculator, lumpsum calculator, and step-up calculator enable parents to make informed decisions about their child’s investment plans. These calculators will help you figure out how much you need to save every month and your one-time investment based on your investment choice. Let’s find out in detail how child investment plan calculators work.  1. Mutual fund calculator A mutual fund calculator is used to calculate and estimate the returns yielded via investing in mutual funds. There are two ways in which you can invest in mutual funds: lump sum (one-time investment method) and SIP (systematic investment at pre-decided intervals).   2. Lumpsum investment calculator When you invest in a mutual fund through the lump sum method, it means a single, bulk amount has been invested into a mutual fund scheme in one go. The user must enter the investment amount, duration, and expected return rate to get the estimated future value of the investment. The calculation is based on the following formula:   Future Value = Principal * (1 + r/100)^n where:   n = duration of the investment   r = Rate of return   For example, if you have invested a lumpsum amount of ₹50,000 in a mutual fund scheme for three years and have estimated the rate of return at 8% per annum, the future value of your investment is ₹62,986. 3. Systematic Investment Plan (SIP)   SIP is a method of investing in mutual funds that enables an individual to invest a fixed amount in a mutual fund scheme at regular intervals (monthly, quarterly, or semi-annual) instead of making a lump sum investment. The amount can be as low as ₹500 a month depending upon the selected fund. The aim of investing in mutual funds through SIP is to create wealth in the long run and to invest systematically over a long period.   4. SIP Calculator   The SIP calculator helps estimate the returns you would earn on your SIP investments. The user must enter the SIP frequency (monthly, quarterly, or semi-annual), the amount to be invested in each SIP, the investment duration, and the expected return rate to get the estimated future value of the amount accumulated at the end of the SIP tenure.   The calculation is based on the following formula:   FV = P [ (1+i)^n-1 ] * (1+i)/i where:   FV = Amount you receive upon maturity   P = Amount you invest at regular intervals   n = Number of payments you have made   i = periodic rate of return   Suppose, you invest ₹500 per month for 12 months at an annual rate of interest of 12%, the monthly rate of return will be 1% (which is 12% ÷ 12). Hence, the estimated future value of the amount accumulated at the end of the SIP tenure is ₹6405. https://www.youtube.com/watch?v=gmV3uxT7cSw How to choose between Lumpsum or SIP investment?   Both are great tools of investment for all types of investors. If you have a surplus and wish to invest the amount in a well-researched fund then the lumpsum tool is a great idea, it allows you to pool your money immediately. Another method is SIP which is extremely useful for investors with limited resources. It allows you to invest small sums of money at pre-decided intervals in a chosen mutual fund. The greatest benefit of investing via SIP is that it builds wealth in the long, and gives you the flexibility to choose the amount you wish to invest and your chosen timeline.    Another benefit of SIP investment is that you can stop it at any given moment or increase the amount if you have a surplus. A SIP investment works as a reverse EMI option where you have the flexibility to invest a portion of your income into your chosen fund and cultivate a disciplined manner of investing.    Suppose you wish to start saving for your child’s higher education and do not have a surplus amount to start with. This is where a SIP comes in, it allows you to invest a nominal amount in one or many mutual funds so that you do not miss out on the opportunity of saving and investing for your child’s future.    Investors can opt for both tools. You can start an SIP and place lumpsum orders on certain funds whenever you have a surplus of funds so that you can achieve your goals faster and more efficiently. 5. Step-up SIP calculator  Step-up SIP, also known as top-up SIP, is an automated facility through which SIP contributions can be increased by a predetermined amount, or a fixed percentage, at periodic intervals in sync with your financial goals and level of income.    The step-up SIP calculator gives you the future value of your SIP investments, increasing periodically by a given percentage. The user must enter the SIP frequency, amount to be invested in each SIP, investment tenure, the growth percentage of SIP investment, and the expected return rate to get the estimated future value of the amount accumulated at the end of the tenure.   If you want to step up your SIP in the future, it’s important to activate the option on your chosen fund and find the minimum SIP amount you may need to invest if you want to avail of this option in the future. For example, most funds allow you to activate the step-up SIP option if you invest a certain amount recommended by the fund. This is a great method to periodically increase your investments as your income appreciates and your goals shift.    A college cost calculator powered by EduFund is another tool to help with a child’s investment plans. The college cost calculator helps you as a parent to find out the future cost of studying and living in a new country and city. For instance, you want to send your child to the US to study MBA in 10 years. Fill out these details onto the college cost calculator and the calculator will tell you the exact cost of studying 10 years from now.   It accounts for inflation and increases in fees to help you save for the right amount so that your child’s dreams can soar high! Stop guessing, click here to find out how much you need for your child’s college. How to choose the right one-time child investment plan?  Choosing the right child investment plan is the toughest decision you will make as a parent. To help you simplify this process, here is a small checklist to guide you:  1. Know your financial goals   You may have multiple goals to achieve. But prioritize the goals that are important for you and have to be achieved within a restricted timeline. Always know what you are saving for. Remember to quantify your goal. How can you quantify the goal? Know what you are going to be spending on that goal by adjusting for inflation for the time period when you will be achieving that goal. In this case, the goal would be the child’s education. Now knowing what costs you are going to incur for your child’s higher education can be easily determined by using EduFund’s College Cost Calculator.   2. Find out your risk profile   Based on the phase of life you are in and the career stage you are in, you can figure out your risk profile. Usually, the risk profile can be determined by knowing what is time left to achieve the goal. Usually, short-term goals comprise less risky investments whereas long-term goals comprise very high-risk investments mainly for long-term capital appreciation.   3. Know your investment horizon   Always know what is the timeline for your investments. By knowing the time you have left for your investments, you can always plan better to have a proper time frame for your investments. Having a set timeline helps you prepare well in advance to make your investments and helps you achieve the goal more efficiently by knowing what amount you have to set aside periodically to achieve your goal. For example, equity-based education investment plan options are suitable for long-term investment horizons, whereas debt-based options are better for short-term investment options.   4. Analyze different investment options   Always perform a thorough analysis of any investment option before putting your money in it. Just don’t invest in any fund or instrument purely based on past performance. Other factors to consider while evaluating investment options are fundamentals of the fund, underlying asset or portfolio holding of the fund, cost of investing or expense ratio of the fund, downmarket capture of the fund, etc. All this will help you know the suitability of the best saving plan for your child for your portfolio.   5. Have a goal-based planning approach   Having a goal-based planning approach helps you tick all the boxes at once. It helps you plan your investments in such a way that it creates a well-diversified portfolio with proper periodical rebalancing to help reduce the overall portfolio volatility. A goal-based plan, takes your education investment plan objective, risk appetite, time horizon, and your disposable income into consideration and    6. Have an exit strategy   Have a well-planned exit strategy. If you don’t have proper liquidity at the time when you actually need the money, then you fall short of achieving your goal! But when you have a properly planned exit strategy, it ensures that one, your portfolio doesn’t have high volatility towards the end of your investment horizon, and two, your portfolio has the liquidity to achieve the goal you have planned for.   7. Choose the right investment advisor   Are you still confused about all the best saving plans for your child? Do not worry! This is when an Investment Advisor comes in to help you achieve your goals and make the entire investment journey smooth for you. An Investment Advisor understands your goals, your timeline, your requirements, etc., and formulates a customized plan to get you closer to achieving your goal. The Advisor also periodically rebalances your portfolio so that your investments do not face very high risk and volatility. Choosing the right Investment Advisor can be a deal breaker for you to achieve your financial goals, so make the right choice after completing the evaluation.
Guide to Spending Wisely: College Student Edition

Guide to Spending Wisely: College Student Edition

When you study abroad, financial responsibility is an important life skill to learn. The first step to becoming a responsible adult is learning how to manage your finances. If you have read our guide to budgeting, you probably have an understanding of the basics of financial planning and budget making. However, unless you learn how to manage your spending habits, you may find your financial planning and budgeting to be futile. Learning how to spend wisely enables you to remain true to your budget and helps you develop financial responsibility.  Here is our guide to spending wisely so that your finances can back up your education plans and dreams.  Guide to spending wisely 1. Recognise & cut unnecessary expenses It is common for young college students to simply not be aware of where their money is going. This is not something to be embarrassed by, you are still young and inexperienced, but it is definitely something to take notice of and correct. You should know what you are spending your money on and if those expenses are justified. A financial plan and personal balance sheet may be very helpful resources in tracking these expenses. Once you do have a list of your expenses, pick out the ones that you know are unjustified. Be firm and disciplined in this, do not cut yourself any slack. If required, you can ask a parent, a trusted relative, or an older sibling to help you pick out your unnecessary expenses. Once these expenses have been sorted out, it is your responsibility to cut down on them. Unnecessary expenses commonly include things like eating out at restaurants too frequently, too many subscriptions to streaming services, and unnecessary shopping and gaming. This is not to say that you should not spend on these things at all. You should certainly indulge in some discretionary spending, but it is important to be able to keep it as minimal as possible. 2. Make shopping lists Planning your purchases in advance is a great way of managing your discretionary spending and avoiding impulsive purchases. You should certainly plan all big purchases, like electronic devices for vehicles, but even for relatively small purchases, it helps to have a shopping list. Make shopping lists when you go to buy groceries or when you go to the mall for clothes shopping. Stores are often constructed in a way that they captivate customers and entice them into making impulse purchases. By having a shopping list or at the very least a shopping budget or allowance, you force yourself to stay focused and consider your items thoroughly before you purchase them. Shopping lists also help you pick exactly what you need and leave the store quickly. This reduces the chances of making an impulse buy. 3. Use student discounts & campus facilities Going to study abroad has benefits, and amazing campus infrastructure, and amenities are just one of them. Foreign universities have sprawling campuses with facilities like recreational centers, gyms, swimming facilities, game centers, etc. As a student there, especially if you live in the dorms, you will have full access to these facilities. It is a good idea to make full use of these. You are already paying tuition and other fees to attend college, it only makes sense to get your money’s worth. In addition to using these campus facilities, you should also make use of student discounts wherever you can. A lot of restaurants and cafes around college campuses offer student discounts as do places like hair salons and beauty parlors. You can access public transport for free or at a much more discounted rate if you get a student pass. Similarly, many airlines offer student discounts for college students traveling to see their families. This can be of special help for you when you study abroad. 4. Pay your bills on time You may be forgiven for not knowing this as a young adult, but every time you don’t pay a bill on time, it accrues late fees. Not paying your rent, utility bills, or library dues on time can cause you to accumulate late fees and surcharges that can easily overturn your entire budget. It is important to avoid these late fees at all costs. Set reminders for yourself for all upcoming billing dates and pay your bills before that date. Most bills are due by the first week of any given month. On the last week of each month, make a list of all your bills and set aside money for them even before you have received any. As soon as you receive your allowance from your parents or scholarship, or as soon as you get paid from your part-time job, pay your bills.  Late fees are not only a needless financial drain, but they can also seriously affect your credit scores and make it difficult for you to rent a house or get any credit or education loans in the future. Paying your bills on time is not only important to stay out of debt, it is also a good monetary habit crucial for any adult.  5. Avoid retail therapy Retail therapy is probably the easiest way of picking up your spirits when you are down. It is also one of the easiest ways to develop a shopping addiction and fall into debt. This is especially true if you use credit for shopping online or in stores.  Shopping when you are in a bad mood is a bad idea. Buying new things gives us a short rush of endorphins. This means you are more likely to make impulse purchases or buy things you don’t need. Shopping when you are intoxicated or late at night when you are sleep deprived or stressed is an equally bad idea because your judgment will most likely be impaired. This encourages you to make bad purchase decisions that can overstretch your budget and cause big regrets down the line. A much better way to deal with your emotions when you are feeling low is to go for counseling. Your college probably already has facilities for counseling students and you should make good use of those facilities. When you study abroad, away from your parents, families, and support systems, it is easy to fall into despair or depression. Appropriate counseling and guidance can help you deal with those feelings in a healthy way. Conclusion Learning how to spend wisely and inculcating good monetary habits are crucial life skills for any young adult. Not all lessons you learn in college will be learned inside a classroom. Some lessons you will have to teach yourself through self-experience. Financial accountability and responsible spending habits are one such lesson. While it may all seem too complicated and too much right now, it is all part of growing up and becoming a sensible and responsible adult! FAQs How can a college student spend money wisely? As a college student, you need to make do with what you have most of the time. The money you get from your parents and any earnings from part-time jobs can help you live a social life. Look at a few pointers to keep in mind while spending money:   Recognize & cut unnecessary expenses   Make shopping lists   Use student discounts & campus facilities   Pay your bills on time   Avoid retail therapy   What are the spending habits of college students? College students spend most of their money on clothing and entertainment, apart from academic and additional college expenses. Students also spend a lot on food when they live away from home.   How do you budget as a student? It is common for young college students to simply not be aware of where their money is going. This is not something to be embarrassed about, you are still young and inexperienced, but it is definitely something to take note of and correct. You should know what you are spending your money on and if those expenses are justified. A financial plan and personal balance sheet may be very helpful resources in tracking these expenses.   Once you do have a list of your expenses, pick out the ones that you know are unjustified. Be firm and disciplined in this, do not cut yourself any slack. If required, you can ask a parent, a trusted relative, or an older sibling to help you pick out your unnecessary expenses. Once these expenses have been sorted out, it is your responsibility to cut down on them.   How should students save money? Going to study abroad has benefits. Amazing campus infrastructure and amenities are just one of them. Foreign universities have sprawling campuses with facilities like recreational centers, gyms, swimming facilities, game centers, etc.   As a student there, especially if you live in the dorms, you will have full access to these facilities. It is a good idea to make full use of these. You are already paying tuition and other fees to attend college. It only makes sense to get your money’s worth.   In addition to using these campus facilities, you should also make use of student discounts wherever you can. A lot of restaurants and cafes around college campuses offer student discounts, as do places like hair salons and beauty parlors.  Consult an expert advisor to get the right plan TALK TO AN EXPERT
Money Saving Tips for Housewives!

Money Saving Tips for Housewives!

Money saving tips for housewives are essential for effective budget management. With the right strategies, you can stretch your budget and maximize your resources. In this article, we'll explore various money saving tips tailored to housewives. Additionally, we'll delve into the benefits of Post Office schemes, providing you with valuable insights on how to make the most of your savings. Discover practical advice to help you achieve financial stability and security.  Money Saving Tips for Housewives  Managing household finances effectively is a crucial task for any housewife. Whether you're a stay-at-home mom or managing the home front alongside your career, finding ways to save money can greatly benefit your family's financial stability. Here are some valuable money-saving tips tailored specifically for housewives: 1. Create a Household Budget  Start by putting together a thorough budget that lists all of your monthly revenue and outgoing costs. Sort your spending into categories to find places where you might make savings. Having a clear budget allows you to track your money and allocate resources more efficiently.  2. Plan Your Meals  Meal planning not only helps you provide nutritious meals for your family but also saves you money by reducing impulse grocery purchases and food waste. Create a weekly meal plan and make a shopping list to stick to when you visit the supermarket.  3. Buy in Bulk  Consider purchasing non-perishable items and household essentials in bulk to take advantage of discounts and reduce the frequency of shopping trips. Just be sure to check expiration dates and storage requirements.  4. Embrace DIY  Learning basic home repair and maintenance skills can save you substantial amounts of money over time. From fixing leaky faucets to sewing minor clothing repairs, these DIY skills can reduce the need for costly professional services.  5. Explore Second-Hand Shopping  Thrift stores, consignment shops, and online marketplaces offer a treasure trove of gently used items at a fraction of the cost of new ones. Consider buying second-hand clothing, furniture, and appliances to save on expenses.  6. Cut Down on Energy Usage  Establish energy-saving practices, including utilizing energy-efficient appliances, shutting off lights when not in use, and properly insulating your home. Lowering your energy bills not only saves money but also benefits the environment.  7. Comparison Shop  Before making any major purchases, research and compare prices from multiple retailers or online stores. Take advantage of sales, discounts, and cashback offers to secure the best deals.  8. Save on Transportation  Opt for carpooling, public transportation, or biking whenever possible to reduce fuel and maintenance costs. Properly maintaining your vehicle can also extend its lifespan and minimize repair expenses.  9. Create an Emergency Fund  Setting aside a section of your savings for emergencies could prevent you from going into debt when unexpected expenses arise, such as medical bills or home repairs.  10. Utilise Post Office Savings Schemes  Explore the various savings and investment options offered by the Post Office. These schemes, designed for individuals seeking safe and reliable investment avenues, can help your money grow over time.  By implementing these money-saving tips, housewives can contribute to their family's financial well-being while managing the household with confidence and efficiency. Remember that small changes in your spending habits can lead to significant savings over time, ultimately providing greater financial security for you and your loved ones.  https://www.youtube.com/shorts/NKh7YxTo9yc Mutual Funds for Indian Moms! Mutual funds are some of the best investment options for Indian mothers. Mutual funds are: Extremely cost effective Professionally managed by fund managers Invest in multiple companies at once Allow you to invest once or multiple times in a year You have the option to pause, stop or step your investment You can save lakhs by investing in thousands. Mutual funds opens up an investing arena that may not be cost-effective for thousands of parents out there. It allows you to invest for your child's education, marriage, and daily expenses at reasonable monthly SIPs starting at Rs. 1000. You can increase, pause and even stop your investments based on your preference. Mutual funds offer immense diversification - you can find mutual funds that invest in foreign companies, small-cap companies, large companies like HDFC, TATA consumers and become a proud shareholder by investing a small sum. Mutual funds are professionally managed which means that your money is in trusted hands. Another brilliant aspect of investing in mutual funds is that they can beat inflation. The average returns offered by mutual funds are 11-12%, which means that your money will significantly grow over the years and allow you to afford high-quality education for your kids. This mom is using Mutual Funds to save ₹1.5 crores! https://www.youtube.com/watch?v=Vw2K_iSMj7U&t=31s Post Office Savings Schemes: A Financial Lifeline for Housewives Housewives play a pivotal role in managing the household, often juggling a multitude of responsibilities. Amidst busy life, financial stability remains a critical concern. Fortunately, Post Office Savings Schemes provide a reliable and secure avenue for housewives to grow their savings and secure their family's future.  Parenting Tips for Child Education Read More Understanding Post Office Savings Schemes  Post Office Savings Schemes are government-backed financial instruments offered by the Indian Postal Service, catering to the diverse financial needs of individuals, including housewives. These schemes are renowned for their safety, attractive interest rates, and accessibility, making them an excellent choice for those seeking to build wealth.  Popular Post Office Savings Schemes for Housewives  Post Office Savings Account: This is the most straightforward and accessible savings option. Housewives can open a Post Office Savings Account with a minimum deposit and benefit from competitive interest rates.  Public Provident Fund (PPF): It is a long-term investment scheme that offers tax benefits. Housewives can contribute regularly and build a substantial corpus over time.  Senior Citizens Savings Scheme (SCSS): While not exclusive to seniors, this scheme provides a higher interest rate and regular payouts, making it a suitable option for those seeking steady income.  Monthly Income Scheme (MIS): MIS offers a fixed monthly income, making it ideal for housewives looking for a regular source of funds to meet household expenses.  Sukanya Samriddhi Yojana (SSY): SSY is tailored for the girl child's future, allowing housewives to invest on behalf of their daughters and secure their education and marriage expenses.  Benefits of Post Office Savings Schemes for Housewives  Safety: These schemes are backed by the government, offering a high level of security for your investments.  Attractive Interest Rates: Post Office Savings Schemes typically offer competitive interest rates, ensuring your money grows steadily.  Flexibility: With a range of schemes to choose from, housewives can select the one that aligns best with their financial goals and risk tolerance.  Accessibility: Post Offices are widespread in India, making it easy for housewives to access these schemes, even in rural areas.  Tax Benefits: Some schemes, like the PPF, offer tax benefits under Section 80C of the Income Tax Act, helping housewives reduce their tax liabilities.  Tips for Housewives Using Post Office Savings Schemes  Set clear financial goals to determine which scheme suits your needs.  Regularly contribute to your chosen scheme to maximize returns.  Keep track of maturity dates to make informed decisions about reinvesting or withdrawing funds.  Consider diversifying your investments by combining multiple Post Office Savings Schemes to meet various financial objectives.  In conclusion, Post Office Savings Schemes are a financial boon for housewives, offering a safe and reliable way to save and invest their hard-earned money. By leveraging these schemes wisely, housewives can secure their family's financial future and enjoy peace of mind amid their myriad responsibilities.  Create Goals for Child Education Money Saving Tips for Indian Housewives  Managing finances can be a challenging task for Indian housewives, who often juggle multiple responsibilities while ensuring their family's well-being. Here are some unique money-saving tips tailored to the Indian context that can help housewives make the most of their resources:  1. Embrace Traditional Cooking Methods  Indian cuisine is rich and diverse, but it can also be expensive if you rely heavily on processed foods. Embrace traditional cooking methods like grinding spices at home, making your own yogurt, and preparing snacks from scratch. Not only will this save money, but it can also lead to healthier meals.  2. Practice Sustainable Living  Incorporate eco-friendly practices into your daily life. Reduce water wastage, segregate and recycle waste, and explore ways to reduce electricity consumption. Sustainable living not only benefits the environment but also lowers utility bills.  3. Grow Your Own Herbs and Vegetables  If you have some outdoor space or even a few pots and containers, consider growing your own herbs and vegetables. This not only reduces grocery expenses but also ensures fresh, chemical-free produce for your family.  4. Buy Seasonal and Local  Opt for seasonal fruits and vegetables, which are not only fresher but also more affordable. Additionally, support local farmers and markets to save money and promote sustainable agriculture.  5. Learn Basic Home Repairs  Basic home repair skills can save you a significant amount of money in the long run. From fixing leaky faucets to minor electrical repairs, knowing how to handle common household issues can prevent costly service calls.  6. Explore Government Schemes  India offers various government schemes aimed at supporting women, including housewives. Investigate programs related to financial assistance, skill development, and entrepreneurial opportunities that can boost your family's income.  7. Practice Mindful Shopping  Before making purchases, ask yourself whether you truly need the item. Avoid impulsive shopping and take advantage of sales and discounts. Additionally, consider shopping online, where you can often find better deals and cashback offers.  8. Invest Wisely  While saving is essential, consider investing your savings in financial instruments like fixed deposits, mutual funds, or government savings schemes to grow your wealth over time. To make wise selections, seek the advice of a financial expert.  9. Share Resources with Neighbours  Forming a cooperative or sharing resources with neighbors, such as carpooling for school runs or buying groceries in bulk, can lead to significant cost savings for everyone involved.  10. Teach Financial Literacy  Teach your family members about financial literacy, especially the younger members. Instil the value of money, budgeting, and saving from an early age to ensure responsible financial habits in the future.  Incorporating these unique money-saving tips into your daily life can help Indian housewives navigate their financial responsibilities more effectively. By being resourceful and adopting sustainable practices, you can contribute to your family's financial well-being and long-term prosperity.  Talk To An Expert FAQs What is the 30-day rule? The 30-day rule is a budgeting strategy that involves waiting for 30 days (about 4 and a half weeks) before making a non-essential purchase. If after a month you still want or need the item, you can buy it. This rule helps prevent impulse buying and allows for more thoughtful spending decisions. What is the 50-30-20 rule? The 50-30-20 rule is a popular budgeting guideline. It suggests allocating 50% of your income to necessities (like housing and utilities), 30% to discretionary spending (like entertainment), and 20% to savings or debt repayment. It provides a simple framework for managing your finances effectively. What is the 90-day rule? In finance, the 90-day rule refers to a strategy used in budgeting and financial planning. It involves evaluating your financial decisions and commitments over a 90-day period before making significant investments or purchases. This timeframe allows individuals to assess their cash flow, expenses, and potential financial risks more comprehensively. By adopting the 90-day rule, one can make more informed and deliberate financial choices, ultimately leading to better fiscal stability and reduced impulsive spending.
How to save for child's gadgets?

How to save for child's gadgets?

Wish to save for child's gadgets? Do you want to know how to start? We have an easy solution for it! Electronics have evolved into a vital component of our day-to-day lives. It's crucial to teach your kids how to use technology responsibly in today's digitally driven world and to develop the knowledge and behaviors that will help them succeed as digital citizens. The latest gadgets for youngsters are rarely inexpensive and often appear out of reach. Are you looking for methods to save money on your child's gadgets? This article will assist you in planning your desired gadget without trying to empty your bank account. Follow these simple recommendations to keep your child's new tech costs low. Fun Fact: 27% of parents with children aged between 9 and 13 years reported that their kids had access to access to both desktops and smartphones for the entire day outside of in-person classes at school. Ways to save for child's gadgets 1. Start a SIP  Start a SIP plan to meet your short-term and medium-term goals. SIP allows an investor to invest a certain amount of money in a mutual fund scheme at predetermined intervals. SIP allows you to acquire units on a set date each month in order to create a savings strategy for yourself. EduFund assists parents in budgeting for electronic gadget purchases. It has a separate section dedicated to saving children’s electronic gadgets. The app also shows you different gadget options and provides you with savings plans to start saving for the gadgets on the app.  Electronic device prices have been skyrocketing, and with the Covid-19 outbreak, electronic prices are rising even further. EduFund addresses the financial needs of parents since electronic gadgets have become essential for children’s education in today's society. Start SIP with EduFund 2. Do your research Before actually buying electronic gadgets, it is essential to research. It is a good practice to look around at wide varieties and brands. Examine both offline and online retailers to gain a comprehensive analysis.  If you wait until your old equipment cracks, you'll feel compelled to purchase a brand-new one without looking around or looking for a good deal. When you browse online, you can instantly comprehend the pricing and position yourself for a good deal when it arises. Track the progress of the valuations of the gadgets you want to buy to save money on electronics. https://www.youtube.com/shorts/N6RKPu_zoY8 Source: EduFund 3. Return old gadgets The need for reconditioned technology has increased exponentially in recent years. In addition to global supply chain disruptions, customers have been convinced to buy used technology owing to price considerations, environmental considerations, and the accessibility of lifetime management solutions. While purchasing new gadgets, parents should look to return their old gadgets and concentrate on a buyback offer. They can exchange old products with the purchase of new products. Useful Gadgets for Students Read More 4. Request a price match or a discount Many retailers meet their competitors' electronics market prices on the same product. If you're loyal to a favorite retailer, find out if they can fit the competition's offer. You can also participate in a membership program that will earn you points or discounted rates once you connect.  If the seller fits a competitor's offer, you could use that membership program to get electronics at a cheaper rate. If you can't obtain a comparable object for a reduced price, it Is better to negotiate.  Most traditional retailers might not provide the same benefit; however, they might be more willing to cooperate with you to make a deal and discuss electronic purchases. 5. Warranties aren't worth it Numerous parents fear their child's new phone will end up in a pool of water or, even worse. Purchase extended warranties for their electronic gadgets. Read the fine print to avoid paying extra for something you don't need - or paying large amounts for a product that doesn't even protect against water damage.  A void warranty is a waste of money and certainly cause for concern. Choose a standard complimentary warranty over an extended warranty. Fun Fact: 18% of parents reported that their children had access to a combination of desktops, tablets, and smartphones. Advantages of gadget use Children of all ages can benefit from technology, which offers tools that encourage learning via play, let them express their creativity, and keep them socially linked. For kids under the age of five, it serves as stimulation. It can be applied to speech as well as to encourage learning. The young ones' visual representation may help them develop their senses. The use of technology to play games fosters cognitive development and analytical abilities. This encourages the child to think more creatively, strategically, and generally to be more productive. Tech-savvy children will also be more equipped for a workforce that will be largely digital. A few fundamental parenting principles will assist you in establishing ground rules and preserving technological harmony at home. https://www.youtube.com/watch?v=MJblBYWNxLo Conclusion Students nowadays rely heavily on technology. These devices are critical for children as they are required to boost their learning abilities and knowledge. Nowadays, independent learning is supported since children can study without the aid of teachers. Students use the internet for research and online libraries to complete their homework. As a result, technological devices have become unavoidable in the current world. Invest for their Gadgets here! FAQs Is it good to give gadgets to children? Yes, some gadgets are good for your children. However, you should have a time limit on how long they can use the gadgets in a day. Too much usage can affect your kid's attention span and even strain their eyes. How to save for your kid's gadgets? The best way to save for your child's gadgets is to start a goal and a SIP for it. Rather than buying or taking an EMI, you can start a SIP and save for the amount. You can do all this on the EduFund App. It helps you save for your kid's education expenses like buying a phone or a laptop. How can gadgets help children? Some gadgets are known for helping kids with motor skills, learning languages, and even sharpening their spatial knowledge.
What is there in the Budget for F.Y. 2024-25? 

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

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

Expenses under Education Loans

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

Maximize Potential: Benefits of Day Schools

Day schools are extremely popular in India. There are more than 14 lakh schools in India, and a majority offer day schooling to its students. It is a practical choice for many families. These schools offer a unique blend of academic excellence, social development, and convenience. Some of the benefits of day schools that attract families are the perfect blend of school time and family time. Best Day Schools in India Here ar the best day schools in India to choose from for your child's education! The Asian School, Dehradun St. Xavier's Collegiate School, Kolkata Delhi Public School, RK Puram Modern School, Barakhamba Road, Delhi Dhirubhai Ambani School, Mumbai La Martiniere For Girls School, Kolkata Greenwood International High School, Bangalore Emerald Heights International School, Indore DAV Public School, Vasant Kunj, Delhi Benefits of Day School 1. Enhanced Academic Opportunities One of the primary advantages of day schools lies in their commitment to academic excellence. With smaller class sizes and a focused learning environment, day schools provide students with personalized attention and tailored instruction. This individualized approach allows educators to identify each student's strengths and weaknesses, adjusting their teaching methods accordingly. Students benefit from a more engaging and interactive learning experience, as teachers can devote more time to addressing their specific needs. Moreover, day schools often boast cutting-edge facilities and resources that facilitate hands-on learning, further enhancing students' academic growth and success. 2. Holistic Development Beyond academic pursuits, day schools prioritize holistic development, recognizing the importance of nurturing students' social, emotional, and physical well-being. These schools understand that education extends beyond textbooks, and they aim to shape well-rounded individuals equipped with essential life skills. Through a diverse range of extracurricular activities, clubs, and sports programs, day schools offer students ample opportunities to explore their interests and discover new passions. Whether it's joining a debate team, participating in art classes, or playing a sport, these activities not only foster teamwork, leadership, and critical thinking skills, but also promote self-confidence and character development. The balanced approach of day schools ensures that students grow into individuals who are not only academically proficient but also socially adept and emotionally resilient. Benefits of Boarding Schools Read More 3. Strong Community and Networking Day schools foster a strong sense of community, creating a supportive environment where students, parents, and educators collaborate closely. This sense of belonging is invaluable in building enduring relationships and creating a network that can prove beneficial in the future. The close-knit community in day schools encourages interaction and communication among students, fostering friendships and support systems that can last a lifetime. Additionally, day schools often encourage parental involvement, allowing parents to actively participate in their child's education. This collaboration enhances communication between parents and educators, ensuring that students receive the necessary support both at home and in school. By working together, parents and educators can create a nurturing environment that maximizes students' potential and fosters their overall well-being. 4. Convenient Accessibility and Family Life Balance Unlike boarding schools, day schools provide students with the advantage of living at home and enjoying the warmth and support of their families. This proximity eliminates the challenges associated with homesickness, allowing students to focus on their studies and extracurricular pursuits without distraction. Moreover, day schools offer a unique opportunity for students to cultivate healthy relationships with their family members, promoting a strong family bond. The ability to commute to school also allows students to participate in after-school activities while still maintaining a healthy work-life balance. Furthermore, day schools provide a better work-life balance for parents, as they can easily engage in their child's activities and support their educational journey without the logistical challenges that boarding schools present. Laadli Laxmi Yojna Read More 5. Cultural and Socioeconomic Diversity Day schools are known for attracting a diverse student body, creating a rich tapestry of cultures, perspectives, and experiences. This diversity fosters a global outlook, exposing students to different worldviews and nurturing their understanding and appreciation of various cultures. The multicultural environment in day schools promotes inclusivity, empathy, and open-mindedness, preparing students for a globalized society and equipping them with valuable skills in navigating an interconnected world. Through interaction with peers from diverse backgrounds, students gain a broader perspective and develop a sense of tolerance and respect for others. This exposure to diversity also prepares them for future collaborations in a professional setting, as they learn to value and leverage different perspectives. 6. Seamless Transition to College and Beyond The transition from high school to college can be a daunting experience for many students. However, day schools often have dedicated college counseling services that provide guidance and support throughout the college application process. Educators in day schools have a deep understanding of their student's strengths and interests, enabling them to offer personalized advice and recommendations when it comes to college and career choices. From assisting with college essays and standardized test preparation to organizing college visits and interviews, these services ensure that students are well-prepared for the next phase of their educational journey. The seamless transition facilitated by day schools empowers students to make informed decisions about their academic and professional futures, setting them on the path to success. Day schools are the most popular choice for families seeking a comprehensive and well-rounded education for their children. From enhanced academic opportunities and holistic development to strong community ties and diverse experiences, day schools offer a plethora of advantages that shape students into well-prepared individuals. Consult an expert advisor
Benefits of Boarding Schools

Benefits of Boarding Schools

There are more than 5000 boarding schools in India alone that Indian parents can consider. Boarding schools are residential schools where students live and study. They have access to numerous extracurriculars, sports, and a sense of independence when it comes to structure and routine. Some of the biggest benefits of boarding schools are the independence it offers to students, the stability, and a peer community.  Benefits of Day Schooling! Best Boarding Schools in India Here is a list of boarding schools across India that are ranked amongst the best schools for your child's higher education! The Doon School, Dehradun Welham Girls' School, Dehradun Mayo College, Ajmer Woodstock School, Landour Bishop Cotton School, Shimla Rishi Valley School, AP Convent of Jesus and Mary Ecole Globale International Girls' School, Dehradun The Lawrence School, Sanawar The cost of attendance for boarding schools is higher than for day schools. It usually starts from annual fees of 2,00,000 and above based on the competition, popularity and facilities of the school. 1. Holistic Educational Experience Boarding schools cultivate an environment where education permeates every aspect of a student's life. Unlike traditional day schools, where education ends with the ringing of the final bell, boarding schools provide an immersive experience that goes beyond mere classroom instruction. Students have access to dedicated faculty members who provide round-the-clock academic support, enabling them to delve deeper into subjects and explore intellectual pursuits beyond the confines of regular school hours. This holistic approach to education nurtures a genuine love for learning, encouraging students to become lifelong learners and develop critical thinking skills that extend far beyond their academic endeavors. 2. A Vibrant Community One of the most enchanting aspects of boarding schools is the sense of community they foster. Living and learning alongside peers from diverse backgrounds and cultures creates a dynamic and vibrant atmosphere. The close-knit community encourages collaboration, friendship, and the development of lifelong connections. Students learn invaluable social skills, adaptability, and independence as they navigate the challenges and rewards of communal living. This experience prepares them for the realities of the world beyond school, where they will encounter people from various walks of life. Boarding schools instill tolerance, empathy, and a global perspective, fostering a sense of unity and understanding that transcends boundaries. https://www.youtube.com/watch?v=VJ0F69KTZgs 3. Individualized Attention and support Boarding schools typically maintain a low student-to-teacher ratio, enabling educators to provide personalized attention and support. This tailored approach to education ensures that each student's unique needs, strengths, and weaknesses are recognized and addressed. With smaller class sizes, teachers can engage in meaningful one-on-one interactions, fostering a supportive and nurturing environment that encourages students to unlock their full potential. Whether a student requires extra help in a particular subject or seeks advanced challenges to fuel their intellectual curiosity, boarding schools are equipped to provide the necessary resources and guidance. Individualized attention empowers students to flourish academically and personally, instilling confidence and a sense of self-worth. Expensive Schools in India for Child Education Read More 4. Enhanced Extracurricular Opportunities Beyond academics, boarding schools offer a plethora of extracurricular activities that allow students to explore their passions and develop a well-rounded skill set. Whether it be sports, arts, music, drama, or community service, boarding schools provide ample opportunities for students to excel and discover their hidden talents. These activities not only enhance the educational experience but also contribute to personal growth and character development. Engaging in extracurricular pursuits helps students cultivate discipline, perseverance, teamwork, leadership, and resilience. By encouraging students to explore diverse interests and talents, boarding schools create an environment where holistic development is prioritized. https://www.youtube.com/watch?v=nmI8sKNAxlU 5. Preparation for College and Beyond Boarding schools place a strong emphasis on college preparedness, equipping students with the skills and knowledge necessary for success in higher education and beyond. With access to comprehensive college counseling, standardized test preparation, and guidance in the college application process, boarding school students are well-positioned to navigate the competitive landscape of college admissions. Moreover, the independence, time-management skills, and self-discipline acquired in boarding schools prepare students for the rigors of university life. By fostering an environment that values academic excellence, personal growth, and self-reflection, boarding schools empower students to embrace future challenges with confidence and resilience. 6. Character Development Boarding schools are renowned for their focus on character development and instilling strong values in students. Alongside academic achievement, character traits such as integrity, resilience, compassion, and responsibility are emphasized. Through a structured and disciplined environment, students learn the importance of self-discipline, accountability, and ethical behavior. Boarding schools provide a supportive community that encourages students to develop a strong sense of self-awareness, fostering personal growth and character building. These qualities not only contribute to individual well-being but also lay the foundation for future success in both personal and professional spheres. Top 5 Film Schools in India & World Read More 7. Global Outlook and Cultural Immersion Boarding schools attract students from different corners of the globe, creating a diverse and multicultural atmosphere. The exposure to various cultures, languages, and perspectives nurtures open-mindedness and broadens students' worldviews. By celebrating diversity and encouraging cross-cultural interactions, boarding schools foster an environment that prepares students to thrive in an increasingly interconnected world. Students develop a global outlook, gaining a deep appreciation for different traditions, beliefs, and customs. This cultural immersion enhances their understanding of the global landscape and equips them with valuable skills for international collaboration and communication. Conclusion Growing kids requires stability and routine; boarding schools can offer that while helping them grow academically. Parents or families who are constantly moving due to work may find boarding school a great place that can help their kids become well-rounded individuals. 
Best International Boarding Schools in India: You won't believe their fees!

Best International Boarding Schools in India: You won't believe their fees!

Indian parents spend nearly 5 - 6 lakhs every year on their child’s education. The emergence of nuclear families flared up the importance, of working partners, and the race for proving the best opportunity for your child has increased the demand for international boarding schools in India. If you are a parent struggling to decide the best school for your child then let’s examine some pros and cons of international boarding schools in India! Pros of boarding school 1. Multidisciplinary Perspective The development of a student's personality is significantly influenced by boarding schools. Students are instilled with a feeling of accountability and a sense of discipline and timeliness. This is advantageous not just in academics but also in all facets of daily life. Children's real-life lessons in such schools provide a firm basis for their maturity. 2. Improved living standard Children studying and staying in boarding schools are maintained at a shoulder-level distance from late-night partying and all other bad habits, which may be extremely easy for children who attend day school. As a result, it becomes easy to argue that boarding schools provide a better way of life. 3. Building assertiveness and confidence Performing regular chores, such as arranging school supplies, preparing their bedding, tidying up their room, and many other minor duties, provides assurance and instills confidence in the youngsters. Students become more self-assured and competent. 4. Independence  Money and time management are two of the primary benefits of attending a boarding school. Living apart from home teaches children not to overspend and to save money for worthwhile things. They even become good at managing decision-makers on their own. Sending Child to International Boarding School Read More Cons of boarding school 1. Yearning for Home While the children have many similarities, there is no arguing that they'll miss their friends and families. It is common among children who live and study in boarding schools. It is common for boarders to experience depression as they struggle to overcome their homesickness. The first few months of boarding can be difficult for most of them. 2. Fees for boarding schools The vital requirement for fees by most boarding schools in India is one of the essential factors for all parents. People believe that the fees will put a dent in their finances. At one of the costliest boarding schools in India, you can expect to pay between Rs. 14,50,000 and Rs. 16,70,000 a year for your child's education. The annual fees for such top international boarding schools in India exceed ten lakh rupees. 3. No distinction between school and leisure Children should know once school is finished and could perhaps concentrate on having fun outdoors and other activities rather than staying on campus all day. In the long run, this may be harmful to children. 4. Difficulties finding friends Finding friends outside of boarding school can be difficult. Although the children in boarding schools almost always form great friendships and companionship, those children will have practically no friends beyond the boarding school because they stay on campus and won't be permitted to leave it very often. Start Investing in Mutual Funds What is the cost of studying in international boarding schools in India? There are three main tuition fees to look for: annual recurring fees, admission fees, and security fees. Let’s look at the annual recurring fees for international boarding schools. Significant institutions are classified into three major segments: High Fee: Rs. 9,00,000 Affordability Fee: Rs. 4,00,000 - 9,00,000 Low Fee: Rs. 4,00,000 The admission fee structure in boarding schools! Based on admission fees, the top institutions are classified into three major segments: High Fee: Rs. 1,50,000 Affordability Fee: Rs. 100,000 - 1,50,000 Low Fee: Rs. 1,00,000 The security fee structure in boarding schools! Based on security fees, the top institutions are classified into three major segments: High Fee: Rs. 3,00,000 Affordability Fee: Rs. 1,00,000 – 3,00,000 Low Fee: Rs. 1,00,000 How much would you need to save every year for a child’s education? After accounting for a 12% increase in annual tuition prices, the average totals 14 lakh or higher. You must save 4.5 lakh per year for your child's education. International boarding schools provide a solid basis for developing a confident and unique personality. Parents may spend anywhere between 3-5 lakhs per annum on school fees alone. With an ever-rising school fee, an expert's assistance can help invest from the toddler years. It is the best way to plan education expenses. FAQs What are the fees for international boarding schools in India? The annual fees for international boarding schools in India start at INR 4,00,000 to INR 9,00,000. Which country is best for boarding school? Switzerland is home to some of the best boarding schools in the world. The international elite and the royal kids often study at schools like St. George's International School and Collège Alpin International Beau Soleil which are located in Switzerland. The boarding fee for St. George's International School is $73,850! Which is the No. 1 international school in India? Here are the top 5 International Schools in India 2023-24: Dhirubhai Ambani International School. Ecole Globale International School. Doon School. Amity International School. Bangalore International School.
Countries under 50 lakhs for your child's masters!

Countries under 50 lakhs for your child's masters!

Studying abroad is becoming the norm with thousands of Indian students applying to foreign universities every year. The reason behind the trend is better job opportunities, global exposure, and a chance to enter the international workforce. But studying abroad can be expensive, from tuition fees to living costs the expenses can pile up quickly and scare any parent. That is why here is a list of countries under 50 lakhs for your child’s master that you can consider!  1. Ireland  Ireland tops the list of countries under 50 lakhs for your child’s master. The country is home to some top-notch universities offering diverse programs, scholarships, and post-study work visas to earn back in Euros! Ireland offers incentives like shorter courses – one-year programs, flexibility in curriculum to take up part-time jobs, and placement opportunities. The cost of studying master's in Ireland can range from Rs. 30 – 45 lakhs, and students can opt for cheaper accommodation like homestays, shared rooms, and dorms to reduce living expenditure and work during free time to make up for the cost. There are many scholarships, fee waivers, and government incentives that can help your child stay within the budget even in a foreign country!  2. Singapore   Singapore is another brilliant destination to consider if your child is on a budget. The average cost of studying in the country is 50 to 55 lakhs. There are amazing part-time job opportunities to keep up with the living expenses of studying and living in the country. Singapore can be more expensive, especially when compared to other Asian countries. Singapore is a go-to place if your child wants to study STEM courses and build a career in a similar field. Another great incentive to apply to Singapore from India is that its top universities recognize popular entrance exams like JEE and GATE as a part of the application process!    3. Netherlands  The Netherlands is an unexplored destination and at the top of countries under 50 lakhs for your child’s masters! Higher education in the Netherlands is subsidized to make it affordable and accessible to a majority of students. The tuition fees vary based on the course your child chooses but the average cost of attendance is generally between Rs. 6 - 15 lakhs. The application process is simple and similar to the UK or USA registration process. The country is great if your child is on a budget, wants to explore different European countries while studying, and wants to send your child to a safe country.   Additional read: Can your child do an MBA in Canada for under 40 lakhs? 4. Germany Germany is famous for offering tuition-free college experience. While that may be true for some degrees and some qualified students, it is not uniform. Public universities charge mandatory semester fees (Rs. 8 to 30k) to students while private universities charge tuition fees that can go up to Rs 1 to 2 lakhs per semester. The monthly cost of studying in Germany is somewhere between Rs.60 to 70k depending on where your child is staying and their daily expenses. While Germany is not cheap, it is cheaper to pursue a master's in comparison to countries like the UK, USA, or Australia. 5. Hungary  Hungary is one of the countries under 50 lakhs for your child’s master. The country is home to nearly 35,600 international students and offers tuition fees in the range of Rs. 2 to 3 lakhs. Technical courses like Medicine and Engineering may cost more than the average tuition fees. The cost of living in the country is similar to that of Germany, it can cost anywhere between Rs. 60k to 70k to live in the country.      If you and your child are on a budget then these countries under 50 lakhs for masters are a great alternative. They offer quality education, quality life as well as global exposure. With saving and budgeting, you can easily take care of this cost and uplift your child’s future!  FAQs Which country is the cheapest to do a Master's for Indian students? There are some countries that are affordable for Indian students for masters such as Germany, Russia, Ukraine, Hungary, Netherlands, Singapore, Norway, and Ireland. Which country is the cheapest to study for international students? There are many countries that are considered cheap for international students. Some of them are Germany, Russia, Ukraine, Hungary, Netherlands, Singapore, Norway and Ireland. Can I study abroad for 20 lakhs? Yes, it is possible to study abroad in 20 lakhs. There are many post-diploma courses and short-term courses for 6 months or 1 year that can cover your fees and cost of living.
10 Benefits of Studying in Canada!

10 Benefits of Studying in Canada!

What is the appeal of studying in Canada? In the last 8-9 years, Canada has steadily grown in social standing as the desired location for higher education. It ranks among the most popular destinations for Indian students. Indians make up 41% of Canada's international student body and our the largest student group in the country. Quality education, graduate assistantships, and many government policies regarding immigration are some of the reasons why you should consider Canada for your child’s higher education.  For students who are seeking programs that are cost-effective and shorter in duration, allowing them to cut down on living expenses, Canada has the most acceptable community education system in the world. https://www.youtube.com/watch?v=2d3XNHbB8II&t=84s Source: EduFund Major Benefits of Studying in Canada 1. Academic Skills Education is a federal responsibility, regional governments ensure that the standard of education is uniformly high across Canada, no matter what kind of institution - college/university. Regarding educational streams, all types of programs from different strands are accessible in Canadian academic institutions. Financing Children's Masters in Canada Read More 2. Developmental skills Co-operative work is a wonderful concept in Canada that supports students with employment options in their related sectors while attending university. As a result, an engineering student is granted the chance to participate in work for an engineering firm while studying. This gears up students for actuality by exposing them to a work situation early and instills professionalism with skill development. 3. Quality of life  Canada has repeatedly been graded as being among the world's safest countries. The Global Peace Index ranked Canada as the sixth most peaceful place in the world in 2018. International students enjoy the same entitlement as any other Canadian student. Standard of living also refers to necessities of life such as atmospheric air, safe drinking water, the feeling of space, and so on, as well as other life-related factors such as significant exposure to the best health care services, and strong educational infrastructural facilities.  Can your Child Study MBA in Canada for under INR 40 lakhs? Read More 4. Cultural diversity  Canada is a friendly and accepting community. Individuals from different countries of the world have been planning to migrate to Canada for a long time. This gives Canada a competitive advantage in terms of diverse cultures. Canadians respect other cultures and see them as a symbol of motivation and strength. Students can enjoy festivals of all racial backgrounds year-round, and the best part is that the festivities are not confined to the ethnic community. Still, the rest of the country embraces all festive celebrations. 5. Immigration opportunity  Since overseas students spend much time in Canada, they will become potential Canadians. They are given adequate opportunity to comprehend and adopt Canadian culture while studying and up to three years to recognize Canadian work culture. What it ends up in is likely to be prospering once the studies are completed. Indian students are opting for Canada for their university education, and interest in Canada is growing significantly yearly. https://www.youtube.com/shorts/x9B8449Iuw4 EduFund The number of Canadian college graduates between 2000 and 2019 From 2000 to 2019, the number of university graduates in Canada increased Number of postsecondary graduates in Canada in 2019, segmented by degree type Better paying jobs for children of Canadian immigrants According to a Statistics Canada report, the children of economic immigrants attend school longer and have higher-paying jobs than the typical Canadian-born employee. By the age of 30, the children of economic immigrants in Canada earn more than the average Canadian worker by 29.3%, commanding a median annual wage of $55,500 versus the $42,940 made by the average Canadian employee of the same age. Economic immigrants' children can command higher wages because they attend college or university at a higher rate than Canadians. International students in Canada International students enrolling in formal education increased from 142,170 in 2010/2011 to 388,782 in 2019/2020 in just ten years. As a result, by 2019/2020, the amount of international enrolled students improved from 7.2 percent to 17.8 percent. Within ten years, one out of every ten international students arrived in Canada in 2000 or became a landed immigrant. As a result, new ideas are being inspired, innovation is being boosted, and people-to-people relationships are being strengthened, all of which are important for international commerce and worldwide trade. The number of international students intending to study at the secondary and primary school levels has been declining in recent years. Meanwhile, that has been countered by an increase in the percentage of individuals planning to study for a college or master's degree. https://www.youtube.com/watch?v=NZeyrQNJ9Kc More Advantages of Studying in Canada 1. Affordable and Quality Education Compared to other options such as the US and the UK, Canada offers a highly affordable and quality education for its students. Education fees may differ depending on your chosen university, but you can still save a lot of money while studying in Canada. These universities and colleges offer high-quality academic programs and research opportunities and are consistently ranked among the top global institutions.  2. Cost of Living A single person's monthly cost is approx Rs. 83,307.6 (1,347.1C$) excluding rent.  Most institutions offer courses with tuition fees starting from CAD 15,000 (Rs. 9,03,999). The cost of living for a single student is around 880 CAD (Rs. 53,034) per month. Monthly expenses including rent are approx $1,708 per month per person and $3,911 for a family of four.  If we count accommodation, food, clothing, groceries, health, transportation, entertainment, travel, etc., a student will require approx Rs. 9,00,000 to Rs, 22,00,000 to cover all expenses. (CAD 18,340 approx). To counter this, students can apply for an International Student Identification Card upon their arrival in Canada. This provides many benefits to the global student community such as discounts for shopping, culture, food, access to student services and facilities internationally, etc. It helps prove your student status in over 130 countries since it is the only internationally recognized proof of full-time student status endorsed by UNESCO.  3. Standard of Living After reading about the cost of living in Canada, you might say it is expensive, however, the standard of living here makes it all worth it. High-quality education, lucrative job opportunities, cultural diversity, and accessibility of public services on par with its own citizens make Canada one of the countries with a high standard of living.  4. Safety and Security Canada takes its student safety very seriously, particularly for international students. Students living on campus have a 24-hour security measure in place for them. Canadian citizens on the other hand are warm and welcoming and respect diverse cultures making these students feel comfortable in their home country. There are many safe options for student accommodation outside the campus as well.  5. Work opportunities for students  The study permit in Canada allows international students to work up to 20 hours/ week, which helps them supplement their income. Apart from the opportunity to earn extra income, students also get to experience the professional environment of working in Canada. However, be mindful of not violating the terms of this study permit which can lead to loss of student status and permission to work in the future.  6. Job Opportunities Canada provides a Post Graduate Work Permit (PGWP) to its international students which allows them to work for up to 3 years after the completion of their course. However, a PGWP is issued only if you have graduated from a Designated Learning Institute. Also not all Designated Learning Institutes and programs of study make you eligible for PGWP. There are several other criteria you need to fulfill. Go through them carefully then make an informed decision.  Several immigration policies also allow students to apply for permanent residency and work while they study.  FAQs How much does it cost to study in Canada? The cost of studying in Canada depends on your chosen institution, your type of education/ course, as well as your living expenses. However, the cost would be approximately CAD 36,000 (INR 22,00,000) a year for international undergraduate students and CAD 21,100 (INR 13,04,434) a year for international graduate students.  Is it safe for female students to study in Canada? According to the Canadian Bureau of International Education (CBIE) annual international student survey of 2021, 79.2% of respondents consider Canada to be a safe and stable country. Plus, the on-campus 24-hour security measure allows you to be tension-free regarding the safety of your child. So, yes it is safe for girl students.  Which are the best places to study in Canada? Montreal, Toronto, Vancouver, Ontario, and Quebec City are some of the best places to study and work in Canada. These places also offer several part-time job opportunities for international students.   What is a Letter of Intent (LOI) and do I need to submit it to study in Canada? A Letter of Intent is a document that states your reasons for studying in Canada, your professional and academic goals, and your past qualifications in your home country.  Yes, you need to submit the LOI to acquire a study permit in Canada.  Can students work while studying in Canada? Yes, the study permit in Canada allows you to work for 20 hours/ week. You have to be careful not to violate the terms of the study permit.  One of the main reasons students like to study in Canada is the high quality of education. Many Canadian universities offer cutting-edge innovative exploration and new technologies. Canadian universities typically hold the highest international rankings and offer amazing placements and a chance to live in the world’s most peaceful cities in the world. Hence, considering Canada for your child's higher education is a good choice.
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