Tag Archives: education

Where to invest the lump sum of money that parents have set aside for their child's education is one of the most frequent concerns. Every time a sizable quantity of money is acquired as a bonus, as the sale of real estate, as an inheritance, as a present from grandparents, etc., parents start looking for good investment opportunities. So in this blog, we have discussed how to invest a lump sum investment for your child's education. What is a lump sum investment? The term "lump amount" often refers to a significant sum of money. Financially speaking, investing a big quantity of money all at once as opposed to splitting it up into several payments. Investments made in lump sums include investing all of the investor's funds. For instance, if someone wants to invest all of the money in his possession in mutual funds or other types of investment vehicles, it is referred to be a lump sum investment. A lump sum payout is comparable to that, but it is not an investment but a payment made to others. As the name implies, no installments or partial payments are made. Best ways to invest a lump sum for your child’s education Following are the best ways to invest a lump sum amount for your child's education: 1. Dynamic equity mutual funds They are often referred to as balanced advantage funds or dynamic asset allocation funds. They make both loan and equity investments. The fund manager maintains a balanced asset allocation. In many cases, the exposure to securities ranges from 30% to 80% or even more. Most dynamic equity funds make sure that their equity and arbitrage positions remain over 65%. They are, therefore, qualified for the tax benefits offered to equity mutual funds. Dynamic equity mutual funds are less risky and volatile than stock mutual funds. However, they also provide lower returns than they do. 2. Equity-oriented hybrid mutual funds They are also referred to as aggressive hybrid mutual funds or balanced mutual funds. They devote between 65% and 80% of their resources to ventures involving equity. The remainder is made up of debt instruments. Due to their status as equity mutual funds, they are eligible for tax advantages. Balanced mutual funds have higher volatility and less security than dynamic equities funds. Over time, they offer greater returns than they do. 3. Equity multi-cap mutual funds They are also known as "diversified equity mutual funds." They devote a minimum of 65% of their assets to stock investments and instruments linked to equities. Equity investments are made in large-, mid-, and small-cap enterprises via multi-cap funds. Over time, multi-cap funds outperform hybrid mutual funds in terms of returns. But there is also increased risk and turbulence. 4. Debt mutual funds Fixed-income securities are an investment in debt mutual funds. The ones that give the most safety include liquid funds, ultra-short funds, low-duration funds, and short-duration funds. These funds make investments in highly rated short-term securities. They are safer than funds that take duration calls or invest in bonds with low credit ratings. 5. Public Provident Fund (PPF) PPF investments may be included in your portfolio's debt allocation. If you're seeking a safe investment with tax-free returns, this is a fantastic choice. PPF has a 15-year lock-in period, making it less liquid than a hybrid mutual fund. The rewards on PPF investments are less alluring than those on hybrid mutual funds. PPF, however, is far less risky and volatile than hybrid mutual funds. Additionally, it offers tax-free returns. CALCULATE LUMPSUM SIP INVESTMENT Factors to consider before investing in lump sum investment The following are the top factors to consider before investing in lumpsum investment for your child's education:  1. Investing a large sum of money If you decide to invest in mutual funds in lump amounts, you may put a lot of money into them. As a result, the investment's value increases as the market grows. 2. Mutual funds are the best option for long-term investments Investing in mutual funds will be a better choice if you are able to save a lump sum of money for a longer length of time, such as five years or more; moreover, the rewards will be significant if you are able to preserve it for ten years. 3. Market predictions The best time to invest in mutual funds in a lump sum is when the market is at its lowest point but showing signs of improvement and future growth; however, lump-sum investments in mutual funds should be avoided if the market is performing well and maximizing as you might find yourself in a losing situation. Before investing in the best lump sum investment plan, investors should be aware that the funds they choose should be based on their specific goals and risk tolerance. For instance, simply capital gains, gains plus tax advantages, etc. Consult an expert advisor to get the right plan TALK TO AN EXPERT

Inflation may have reduced to 4 - 2% levels from its historical high, but the expense of services such as education and healthcare has been rising. Thus, you must save enough to avoid facing any cash crunch when it comes to fulfilling the educational need of your children. In this blog, we discuss how you can use mutual funds to fulfill the needs of your child's education. A child's education is one of a family's most significant and crucial cash outflows. If you look at the tuition cost, a four-year engineering course costs around Rs 5 - 6 lakhs today. Assume your child is 7 - 8 years old and is likely to start his engineering in 10 years. The current cost may rise to Rs 10 - 12 lakhs, considering the 8 - 10% inflation.   Will the fees increase this much? The earlier generation had it very easy when the competition and costs were less. But today's competition has been on a rising spree, and everyone is considering sending their child to the best engineering college where the fees are increasing owing to rising demand. Also, lifestyle inflation has impacted the cost of education in India. As your standard of living improves, it directly influences your decision about where you want your children to study.   While we are considering only engineering courses here, a management course is lined up after engineering.   The two-year management course from an elite B-school is currently in the range of Rs 20 lakhs, which may increase to 2x by the time your child enrolls in the course. How can you overcome the problem of rising education costs?   The big question that is worrying parents is, how will you be able to fund your child's education?   Start early - One of the distinct ways to accumulate money for your child's education is to start soon. Individuals may need more time to amass a large sum of money, and thus they should benefit from the power of compounding. A corpus of 1 crore may seem very high, but it could be planned better. For example, a SIP of Rs 3000 for 20 years should help you accumulate a corpus of Rs 45 Lakhs.   It would help if you did not wait for the child to turn 10; instead, should start saving from the time the child is born. This gives you a much longer term to save and accumulate the money. For example, if you started the same SIP for ten years instead of 20 years, you would need to save Rs 16500 per month to achieve the same corpus as above.   Remember, a delayed start yields a small corpus and impacts your other financial objective. If you start investing for your child at 40-45, you will likely need more than the required amount. In such cases, parents often use their retirement corpus in India for their children's education, which is not a good move but only amplifies the risk.   Choose the correct option - Starting early isn't enough. You need to ensure that the money you save when you start early makes you money. Thus, you must ensure that the funds you select are suitable or the asset allocation is proper.   How to do asset allocation?  Very simple, merge your asset risk profile with the fund's risk profile. If you start saving early in life, when the child is born, you have a long-term horizon to save. For this, you may opt for equities and equity-based funds.   Play safe over the short-term - If the horizon is short, say less than five years. Ideally, it would be best if you opted for a balanced portfolio with a higher debt and debt-based funds allocation. While investing in debt funds is safe, you should not invest in random and conduct the right diligence before selecting.   Review portfolio timely - Once you have allocated a corpus to a different asset class and started investing, you must review your portfolio from time to time. Depending on the performance of the various instruments in your portfolio, you may need to re-balance your portfolio from time to time. Re-balancing ensures that your portfolio is a true reflection of your conviction. As an investor, you stay focused due to the performance of a few asset classes while ignoring the risk element. Also, reviewing the portfolio regularly gives you comfort in your financial goals. It helps you get comfortable if you are on track to meet your objective. If not, consider changing the asset allocation or the instruments within the asset class. INVEST IN MUTUAL FUND What do you do as you approach your goal?  Investing is never a static process; if it is capital, it is bound to be volatile. While you may start with a 100% equity portfolio at the time of your childbirth (when you have 20 odd years in hand) but when you are approaching closer to the goal to safeguard the accumulated corpus by way of capital gain, you need to start moving your corpus to a comparatively safer asset class. For example, when you are just five years away from the goal, you must start a Systematic Transfer Plan (STP) and take out the money systematically from your equity funds to a safer debt fund. This way, you will be able to safeguard your capital by the time you reach your time (say, time to pay college fees).   Remember, you must act cautiously when your goals are crucial and must be completed on time. This is because market volatility can't be predicted, and you may lose a considerable chunk if not planned well.   For example, assume you needed money in December 2016 for your child's education and have invested 100% in equities since 2006. You would have garnered a sizeable sum in 10 years, but you should have safeguarded your capital in 2016, thinking you would gain more.   But in November 2016, demonetization happened, and the market corrected considerably. At this time, it would be better to start early and in a disciplined manner. If you had begun shifting money from equity to debt in January 2016, you would have been left with money that would have helped you meet your expenses.  To conclude, mutual funds are a great tool to invest and plan for your financial goals. Given that goals are different in nature and importance, you must plan for each purpose separately instead of having one plan for all. Remember, in mutual funds, one size may not fit all.   Thus, your plans are personalized and customized to your profile and not replicated by your colleagues. To know more about profiling yourself or constructing your portfolio with the right asset mix, feel free to reach us at hello@edufund.in. Consult an expert advisor to get the right plan TALK TO AN EXPERT

One of the safest places to study in New Zealand. The ideal blend of culture, environment, and opportunity for a student is made up of internationally renowned institutions and an engaged educational system. New Zealand, an island nation and one of the last inhabited countries provides the ideal fusion of an untainted environment, adventure, and calm. In this blog, we'll talk about the best reasons to study in New Zealand. Reasons to study in NewZealand 1. Highly regarded education system The primary and most important reasons why New Zealand is such an excellent destination to study at a university are the teaching qualities and general education system there. It's a nation that prioritizes both knowledge-based and practical learning to make sure that its kids are completely equipped for the future. New Zealand institutions frequently receive good rankings, in part because of this unique teaching method that guarantees practical experience while you're a student. According to the QS World University Rankings 2021, all eight of New Zealand's publicly funded universities are ranked within the top 3% in the world. 2. Lots of programs to choose from There are many excellent programmes to pick from since New Zealand is a very popular place to study abroad. New Zealand provides a wide range of specialist programmes in addition to exchange programmes with American institutions, many of which are affiliated with a specific university. Many of these programmes are well-regarded and all-inclusive, which takes a lot of the stress out of the study abroad process and gives you more time to enjoy your course of study. 3. Lots of job opportunities For students seeking employment, both throughout their studies and after graduation, New Zealand is a nation of opportunities. Whatever you decide to study, there will be chances for temporary jobs and long-term employment. In truth, Student Job Search, a free nonprofit organisation, has years of expertise assisting New Zealand students in finding both temporary and long-term employment. When you are in the nation, you can utilise their services. 4. Affordable cost of living & studying New Zealand offers a range of student housing alternatives, food that is conveniently accessible and reasonably priced, and a cheaper overall cost of living than Australia. In addition to being reasonably priced, public transportation provides simple access to rivers, lakes, woods, and beaches for recreational options.  In contrast, the price of a New Zealand education ranges from NZD 6,500 (INR 3.43 lakhs) to NZD 40,000 (INR 21.12 lakhs), depending on the sort of programme the student is enrolled in. Doctoral programmes are the most affordable to attend in New Zealand, followed by post-graduate and undergraduate programmes.  Graduate degrees as well as diploma and certificate programmes may be the most expensive courses in New Zealand for overseas students. Students who are trying to locate financing sources for their studies in New Zealand will also have no trouble doing so. 5. Quality of life The wonderful multicultural environment that New Zealand provides melds perfectly with the energetic outdoor lifestyle that is so prevalent there. With its plethora of different natural beauties, such as rolling green hills, golden sand beaches, snow-capped mountains, volcanic volcanoes, and lush rainforests, New Zealand inspires wanderlust. Every student who lives here has the opportunity to develop while experiencing the region's rich cultural diversity and breathtaking natural beauty. 6. Safe and peaceful country  New Zealand is placed second in the world in the Global Peace Index 2018*, which evaluates the political stability and social tolerance of the Kiwi democracy. You will have the same rights as your Kiwi peers as an overseas student. 7. A fantastic culture The native Mori people of New Zealand, who speak their language and have their own mythology, have a rich cultural history that blends with Western norms inspired by British culture. Today, New Zealand's arts, crafts, and food regularly feature elements of the Mori culture. Sport is a serious endeavour in New Zealand, which is another cultural element. Despite how well-liked cricket is, rugby is where they shine. Another place where you could see the Mori traditions is during the well-known Haka, a ceremonial dance done by the national rugby team to intimidate opponents. Despite having a population of less than 5 million, New Zealand's national side, known as "The All Blacks," is the pride of the country since it is acknowledged as the finest rugby nation in the world. New Zealand is well known for its breathtaking natural scenery and the thrilling activities it provides. The best part is that all of this is conveniently accessible from all eight of the nation's colleges. Even though you will be a student there, you will have a tonne of possibilities if you ever want to spend weekends and vacations travelling the nation. Excellent opportunities for adventure sports, trekking, etc. are available in New Zealand. Consult an expert advisor to get the right plan TALK TO AN EXPERT

Known for its skyscrapers, high standard of living and reputable higher education institutions, Dubai makes for a popular study destination. A very global metropolis, it draws students from all over the world. In this blog, we have discussed the top reasons to study in Dubai. Reasons to study in Dubai Who hasn't heard about Dubai? Either via the news or the internet, you must be able to recall the name of Dubai. Due to its impending increase in trade, oil, and business, Dubai, one of the Emirates in the UAE area, is renowned as the "city of gold."  However, Dubai is home to many strange wonders, from camels to sports cars, from culture to the allure of its ruler, to vending machines to the obscenely wealthy locals.  It is comparable to a stand-alone metropolis that is ranked among the most advanced and sophisticated cities in the world, with top-notch amenities, infrastructure, and a commanding position in the global business community. 1. High standards for education  The United Arab Emirates consistently works to raise the caliber and effectiveness of its institutions of higher learning, and its universities are among the best in the world. Due to its high rankings in the QS Best Student Cities index's indices of attractiveness and student opinion, Dubai is a well-liked study location among students. Canadian University Dubai, one of Dubai's most esteemed institutions, is ranked 25th in the QS Arab Region University Rankings and among the top four universities in the UAE in the QS World University Rankings 2022. Also according to the most current QS World University Rankings, the university enrolls students from more than 120 different countries and is ranked sixth globally for its proportion of foreign students and seventh internationally for its proportion of international faculty members. 2. Employment opportunities You are already aware of Dubai's robust economy at this point. After finishing the course, you won't have trouble finding employment in such a market. As soon as you enter the city, you'll see that it is home to influential corporations with a global reach like the BBC, Sky News, AP, HP, Oracle, Microsoft, etc. As a result, after studying in Dubai, there are countless work prospects. 3. Many types of program options  Study abroad in the UAE as an exchange student (through a university partnership or ISEP), through a third-party provider (API, CIEE, IFSA-Butler), or as a visiting student who enrolls directly. You may enroll for a year or a semester, and you might even incorporate an internship before going back home. 4. Dynamic culture The presence of more than 100 different nations in one location, which results in individuals with various viewpoints, styles, philosophies, and dialects, cannot be denied. According to surveys, just 20% of the people in the territory's national culture made up Emiratis, with the remaining 80% being immigrants from all over the world. You could hear a variety of languages on the streets, including English, Arabic, Farsi, Urdu, Hindi, and even Tagalog. Students who study in Dubai return home with a wealth of priceless memories. 5. One of the fastest-growing economies What is the Brookings Global Metro Monitor, exactly? The simplest explanation is that it controls the largest metropolitan economies. Are you informed? Out of more than 300 metropolises, Dubai's economy is in the top five in the world for economic growth. The best feature is that you may study in Dubai, or perhaps I should say study in a country that is rapidly developing economically and socially. The acceleration of this economy's growth is due to the increase in trade and tourism, both of which are encouraged in Dubai. 6. Safety International students come to Dubai to improve their education. Students are treated well by the locals, and women are respected. In Dubai, people of various nationalities may comfortably follow their religions without facing any external threat. 7. Entertainment hub Due to its popularity as a tourist destination, Dubai draws a large number of celebrities, influencers, sports stars, and other inspirational figures from all over the world. It's safe to say that you won't have to deal with any dull moments here. For their festivities, which are normally open to everyone, the affluent emirs of the city also regularly hire the best entertainers. If you don't want to participate in these activities while you are a student in Dubai, you may still visit the water parks, beaches, shopping malls, multiplexes, and beautiful gardens. Studying in Dubai is fantastic. It provides learning opportunities that are quite difficult to get by elsewhere. You can study here if you want to learn more about this lovely city or if you just want to start exploring a new location to call home. It is simple to see why Dubai has been named the finest city in the world for ex-pats. The cost of living is low, there are many employment options, and Dubai would gladly provide you with a new house or apartment if you're seeking one. Consult an expert advisor to get the right plan TALK TO AN EXPERT

Inflation has been a buzzword globally since Covid19 pandemic was over. Almost every country has been witnessing high inflation, and some are seeing skyrocketing inflation in a few decades.   The rise in the price of cars, electronics, food, and fuel only reminds us how household goods and consumption items are becoming costlier. While discussing the fuel price has been all the rage, there are some items where inflation has been hovering around for quite some time and that too consistently.   This is nothing but Education. Unfortunately, this area needs to be spoken about more, as people are aloof about how it is not only making a hole in your pocket but also denting your aspiration.  Education inflation is the silent killer and is for real. But why is it so critical?  Because it can demolish the dreams of a brighter future when taken lightly. Here's an example that proves this powerful statement - Despite the pandemic, IITs increased their fees in 2021-22 from INR 90K to INR 200K. This is over 100%.   So, a financially unprepared parent will face the heat of the situation with their child for admission!   Why is education inflation scary?  Below is the list of different segments and inflation over the last ten years. Source: MOSPI, EduFund Research  The data highlights the reality that the rise in education costs has surpassed all other necessities and consumables in the last decade. This rise is partial because the government is looking to reduce funding grants. Additionally, there has been growth in living standards and services offered by the Educational Institutes and thus the premium.   In addition to headline educational expenses, many hidden costs hurt a parent. For instance, exam registration fees saw an approximate 6.7% hike last year. Additionally, transportation and student accommodation costs contribute significantly to the overall increase in education costs. And finally, food costs are another major contributor that needs to be highlighted while planning for higher Education.   Increasing tuition fees in India   College tuition fees in India have seen an enormous rise over the years. Here is some data on total course fees for specific courses that help paint a clearer picture of how fast the tuition fees have risen over the years.  Source: EduFund Research  The figures are staggering, and one of the main reasons students drop out of college midway. According to recent data, approximately 39% of students aged 20-24 drop out of college to help their family increase their household income. Therefore, it is becoming increasingly apparent that there is a need for proper education planning in India, as many parents need to be aware of the rising tuition fee and how to tackle it.   Education costs abroad on the rise  If you want to send your child abroad, the cost will be higher, and you must be prepared to shell out much more to pay.  But why?  Because, in addition to inflation or price hike, currency depreciation also hurts you.  So, even if the college abroad doesn't increase the fees, you will pay higher Indian Rupee terms because of the depreciating Rupee. And, if the colleges increase fees (which they have done every year), the cost increases further in Indian Rupees. Cost of Education in Indian Rupee when fees don't increase      Jan-22 Jan-23 Change (%) Fees USD 79,540 79,540 0% USD | INR Rs 74.51 82.74 11% Fees Rs Lakhs 59.3 65.8 11% Note: The Fees are considered for Princeton University (Undergraduate Admission). The Fees is for 2022-23 and include - Tuition: $57,410, Housing: $10,960, Food: $7,670, and Estimated Miscellaneous Expenses: $3,500.Source: https://admission.princeton.edu/   Fees in the United States increased to nearly 5x from what it was in 1985. The scenario is similar for destinations like the UK, Canada, and Australia.   Despite the pandemic, some universities abroad announced increasing the tuition fee for this academic year (2022-2023). The University of Pennsylvania announced a 2.9% increase in tuition fees, while Arizona State University announced that tuition fees would increase by 5% for international students. The international students at all three campuses of the University of Illinois are likely to see a 1.5 to 2.5% hike in their tuition fees.  How are you planning for your life's most considerable expense before retirement?  Unfortunately, the depth of the issue only hits you once you are close to paying for your child's college, which is one or two years before. And suddenly, you are left with only two choices- compromising on the quality of Education or opting for loans with a high-interest rate which eventually increases your overall cost of Education (after including the interest component on loan). Both decisions will have a significant impact on your child's future.   But you can avoid it. How?  You can avoid financial stress by saving early for your child's college. The sooner you begin investing in your child's education expenses, the more time you give your savings to grow. Here is an example of how you could create an education fund for your child by investing early:   Unit 5 yrs. 10 yrs. 15 yrs. SIP Rs/month 10,000 10,000 10,000 Annual Returns % Per Annum 15 15 15 Total Outflow Rs 6,00,000 12,00,000 18,00,000 Accumulated Amount Rs 8,96,817 27,86,573 67,68,631 Note: The returns here are hypothetical and do not guarantee performance. Source: EduFund Research Find the right investment tool that suits your educational goal and start investing to achieve the goal. If you are overwhelmed with the available options, seek a financial expert to help you with your education investments.  

The Aditya Birla Group is one of India's leading multinational corporations, with a diverse range of businesses including cement, metals, telecommunications, and financial services. As a part of their corporate social responsibility initiative, the Aditya Birla Group offers scholarships to deserving students who are in need of financial assistance to pursue higher education. Who can apply for the Aditya Birla Scholarship? The Aditya Birla Scholarship is available to students pursuing undergraduate and postgraduate studies in India. The scholarship is awarded based on academic merit, financial need, and overall personal characteristics and achievements. The scholarship is awarded for a period of one academic year and is renewable for a second year based on the student's academic performance. What are the eligibility criteria for Aditya Birla Scholarship? To be eligible for the Aditya Birla Scholarship, students must be Indian citizens and should have secured admission to a recognized university or college in India.  They should also have a good academic record, with a minimum aggregate of 60% in their last examination. In addition, students should come from economically and socially disadvantaged backgrounds and should have a demonstrated need for financial assistance to pursue their studies. What are the expenses covered by the Aditya Birla Scholarship? The scholarship provides financial assistance to cover expenses such as tuition fees, hostel fees, and other miscellaneous expenses. The amount of the scholarship varies depending on the student's individual needs and the cost of their education. How to apply for the scholarship? To apply for the Aditya Birla Scholarship, students must fill out an application form, which is available on the Aditya Birla Group website. They must also submit relevant documents such as their academic transcripts, proof of admission to a recognized university or college, and proof of financial need. The application process for the Aditya Birla Scholarship is competitive and rigorous, with a panel of experts from the Aditya Birla Group reviewing each application. The panel considers factors such as the student's academic record, personal characteristics, and financial needs before making a decision. The Aditya Birla Scholarship is a valuable opportunity for students in India who are in need of financial assistance to pursue higher education. It provides financial assistance to cover the costs of education and enables students to focus on their studies without worrying about financial constraints. The scholarship also allows recipients to develop the skills and knowledge necessary to succeed in their chosen field and make a positive impact in their communities. The Aditya Birla Group is committed to promoting education and empowering individuals to reach their full potential. Through the Aditya Birla Scholarship, the group is helping to create a brighter future for deserving students in India. Tips on how to apply for the scholarship! In addition to the basic eligibility criteria and application process, there are a few other key points to keep in mind about the Aditya Birla Scholarship: The scholarship is available to students pursuing a wide range of courses, including engineering, medicine, science, commerce, and arts. However, preference is given to students pursuing courses in science and technology. Students who are already receiving financial assistance from other sources are not eligible to apply for the Aditya Birla Scholarship. Along with the application form and required documents, students must also submit a personal statement outlining their academic and career goals, as well as their reasons for applying for the scholarship. The selection process for the Aditya Birla Scholarship is highly competitive, with only a limited number of scholarships awarded each year. Therefore, it is important for students to make sure that their application is as strong as possible. In addition to financial assistance, the Aditya Birla Scholarship also provides recipients with mentoring and career guidance to help them succeed in their studies and future careers. Recipients of the Aditya Birla Scholarship are also expected to participate in community service activities as part of the scholarship program. The scholarship is a great way for students to get support from the Aditya Birla Group, one of India's leading multinational corporations. This can open up opportunities for internships, networking, and future employment with the group. The Aditya Birla Scholarship is an excellent opportunity for deserving students in India who are in need of financial assistance to pursue higher education. The scholarship provides not only financial support but also mentoring and career guidance to help recipients succeed in their studies and future careers.  In summary, the Aditya Birla scholarship is a merit and need-based scholarship for Indian students pursuing undergraduate and postgraduate studies in India. The scholarship is awarded for a period of one academic year and is renewable for a second year based on academic performance. The applicants are selected based on their academic record, personal characteristics, and financial need through a competitive application process. The scholarship is an initiative of Aditya Birla Group as a part of their corporate social responsibility and it is a great opportunity for financially challenged students to pursue higher education. Consult an expert advisor to get the right plan TALK TO AN EXPERT

The Government of India has launched several schemes and programs to promote girl child education in the country. These schemes aim to provide financial assistance, scholarships, and other incentives to families and girls to encourage them to continue their education. Important government schemes for girl child education in India 1. Beti Bachao Beti Padhao (BBBP) Scheme Launched in 2015, Beti Bachao Beti Padhao aims to address the declining child sex ratio and promote the education of the girl child. The scheme focuses on the districts with low child sex ratio and provides financial assistance for the education and health of the girl child. The scheme is implemented in a convergent and collaborative manner with the State Governments/UTs and other relevant Ministries/Departments and stakeholders. The scheme is implemented through a three-tier structure: District, State, and National levels. The scheme has several components such as creating awareness and public mobilization, strengthening of function and delivery of ICDS, strengthening schools and education, and enabling girls' education. 2. Kasturba Gandhi Balika Vidyalaya (KGBV) Scheme  This scheme was launched in 2004 to provide education to girls from disadvantaged sections of society. Under the scheme, residential schools are set up for girls in areas with low female literacy rates. The schools provide education up to the 8th standard, and also provide hostel facilities. The scheme is aimed at providing educational facilities to girls belonging to Scheduled Castes, Scheduled Tribes, Other Backward Classes, minority communities, and families below the poverty line in difficult areas. The scheme is implemented through the State Governments/UTs and the KGBVs are run and managed by the State Governments/UTs. The scheme provides for a one-time grant of Rs. 5 lakhs to set up the school, and a recurring grant of Rs. 1.5 lakhs per annum for running the school. 3. Sukanya Samriddhi Yojana (SSY) Launched in 2015, Sukanya Samriddhi Yojana is a small deposit scheme for the girl child. The scheme allows parents to open a savings account in the name of the girl child and provides a high-interest rate of 7.6%. The money can be withdrawn when the girl child turns 18 to be used for her education or marriage. The scheme is available for girl children below the age of 10 years. The account can be opened in any post office or authorized bank branch by the legal guardian of the girl child. The minimum deposit that can be made is Rs.1000 and the maximum deposit per year is Rs.1.5 lacs. The scheme offers tax benefits under section 80C of the Income Tax Act. 4. National Girl Child Day  Every year on January 24, National Girl Child Day is celebrated in India to raise awareness about the importance of girl child education and the challenges faced by girls in India. On this day, various activities and programs are organized to promote girl child education and empowerment. The day is celebrated to raise awareness about the importance of education for the girl child, and to address the various challenges faced by girls in India, such as discrimination, violence, and lack of access to education. 5. National Means-cum-Merit Scholarship (NMMS) Scheme This scheme provides financial assistance to students from economically weaker sections to pursue higher education. Under the scheme, scholarships are provided to students who score well in the 8th standard examination. The scholarship is provided to the students for studying in classes 9th and 10th. The scholarship amount is Rs.12000/- per annum. The scholarship is awarded by the State Governments/UTs to the eligible students. The scholarship can be availed by students from economically weaker sections of society. 6. Rashtriya Madhyamik Shiksha Abhiyan (RMSA)  Launched in 2009, this scheme aims to improve the quality of education in secondary schools in India. Under the scheme, financial assistance is provided to schools to improve infrastructure, provide teacher training, and implement girl-friendly policies. The scheme is implemented by the State Governments/UTs and the funds are released to the schools through the State Governments/UTs. 7. National Scholarship for Higher Education of ST Girls  This scheme provides financial assistance to Scheduled Tribe (ST) girls to pursue higher education. The scholarship is provided to students who have passed the 10th standard examination and are enrolled in a higher education program. The scholarship amount In addition to the government schemes discussed above, there are also individual grants and scholarships available for girl child education in India. These grants and scholarships provide financial assistance to girls from disadvantaged backgrounds to pursue their education. Conclusion  The Government of India has taken several steps to promote girl child education in the country. These schemes and programs provide financial assistance, scholarships, and other incentives to families and girls to encourage them to continue their education.  These schemes are aimed at addressing the declining child sex ratio, promoting girl-child education, and providing education to girls from disadvantaged sections of society. However, it is important to note that the implementation and reach of these schemes still need improvement. There is a need for more awareness about these schemes and better access to them for families and girls in need.

The parents’ guide to education loans helps to make sense of the loan process and understand how they can mold the terms and conditions to suit their specific needs and requirements.  If you ask an Indian parent about his priority then the obvious answer will be providing a good education for his children. With education inflation at 11% - 12% and expenses escalating consistently, it is no longer a reality without the help of education loans.   Even after creating a sizable education corpus for their children, parents can fall short of the money. Taking out an education loan can bridge the shortfall, provide quality education, and offer tax benefits.  What is an Education loan? An education loan is a loan taken out for completing the studies. It can be either for studying in the home country or abroad at a foreign university.  The education loan includes tuition fees, caution deposit, travel expenses, cost of books, uniform if applicable, laptop if required, hostel fees, food expenses, and in some cases traveling and other miscellaneous expenses. https://www.youtube.com/watch?v=4gTQkdePOWM&feature=youtu.be&ab_channel=EduFund Guidelines for parents taking education loans Parents often worry about the burden of repaying the education loan at the beginning of their children’s careers but in reality, it is a good thing. Repaying the loan amount on time will create good credit scores and instill financial discipline in the students. Let us go through some of the important things that parents taking education loans need to look for beforehand.  1. Loan interest How much interest you have to pay on the education loan matters a lot and this is the first thing parents should find out. Private lenders, banks, and NBFCs are the perfect choices for an education loan hence parents should shortlist three to five lenders with the minimum loan interest. If the student has exceptional grades or has been admitted to a STEM course in a reputed and ranking university then parents can talk to the financial institution of their choice because banks often reduce 1% interest in such cases.  Choose from the multiple banks and NBFC partners at the Edufund App for higher loan amounts and lower interest rates.  2. Time or duration of the loan The lenders have extended the duration period from 7 years to 15 years. This means a minimum EMI which is easy to repay even if the initial salary of the applicant is low. Parents can choose the longest possible loan repayment duration as there is no penalty.  3. Collateral for the loan Defaults are very common in education loans hence financial institutions or lenders insist on the collateral if the loan amount exceeds INR 7.5 lakhs. The collateral can be fixed deposits or houses etc. Collateral often reduces interest costs. Take an education loan through the Edufund App as the hassle-free loan process does not require collateral for an amount up to INR 75 lakhs.  4. Co-applicant  Financial institutions insist on a co-applicant or guarantor so that the risk is divided in case of late payment or default. Parents, guardians, or elder siblings working in a reputed company should serve as guarantors or co-applicant as it will help in reducing the interest cost.  5. Margin money The margin money often depends upon the loan amount and the place where the university is located. It is better to know beforehand the contribution of the lender and how much margin money the parents will have to pay. Banks often charge 5% for loan amounts above INR 4 lakhs for studying in India and 15% for overseas studies.  Parents need not pay the margin money if they take out an education loan from the Edufund App.   6. Moratorium period The moratorium period lies between 6 – 12 months after the course study and it is important for parents to sort out beforehand that if the interest is paid in this period then the EMI will be based only on the principal amount and if not then it will be added up and EMI will be loan plus additional interest. 7. Documentation The parent’s guide to education loans emphasizes proper documentation. It is necessary to submit all the related papers and check the details with an expert to avoid any discrepancies.  8. Start the process as early as possible The loan application process takes time whereas the universities will give you little time to deposit the fees. Parents should start the process as early as possible to avoid any mishaps later on.  Conclusion Quality education ensures breaking the shackles of poverty with the help of a good job but it comes at a cost. The parent's guide to education loans refers to the guidelines that encourage parents to take the necessary step and apply for the loan.  Parents can apply for education loans through the Edufund App. Use the education calculator on the site to know about the required loan amount and talk to the counselors to compare loan offers and get a clear picture of why taking the loan makes sense. The best thing is that parents will not have to pay any fees for the consultation. Consult an expert advisor to get the right plan TALK TO AN EXPERT

An education loan is no longer a choice but a necessity for most students aspiring to study abroad. Although there are several financing options like banks, private lenders, and NBFCs open, it is not an easy feat to get the loan sanctioned. There are numerous criteria to meet that confuse the applicant.  In this blog, we will go through some of the important tips for maximizing your chances of getting approved for an abroad education loan so that the loan journey remains smooth, quick, and easy. 10 tips to consider before applying for an abroad education loans 1. Study courses and university  Financial institutions put a great deal of emphasis on the course a student wants to pursue and the university they have been admitted to. The most important tip for maximizing your chances of getting approved for an abroad education loan is that the study course should be accredited otherwise, the loan application can be rejected.  STEM courses like mathematics, engineering, and science have higher earning potential compared to arts, humanities, or commerce; hence the chances of a loan being approved are high. If you are considering the other courses, make sure you balance them out with a good and reputed university. It should be a top-notch place to study with a good reputation or ranking.   2. Academic history of the applicant Academic history matters as it will give a fair idea of the student’s capabilities, whether they are serious about their studies, and do they have the intelligence to get exceptional marks.  A student with consistently good grades has a better chance of loan approval than an average student or an applicant with an academic gap or backlog. Applicants seeking an overseas education should be serious about their studies from the word go, as it will improve their chances of loan approval.  3. Applicant and co-applicants age Financial institutions generally do not have an age limit for a secured loan, but for unsecured loans, the maximum age limit is 28 years. The co-applicant should not be close to the retirement age as lenders are hesitant in sanctioning them the loan. Applicants should be aware of the age criteria and apply for the loan accordingly.   4. Genuine and complete documents Fake or incomplete documents will result in the cancellation of the loan application; hence never try it. Read the guidelines carefully and submit each document as per the requirement. These include the loan application form, academic records and mark sheet, entrance test scores, address and identity proof like Aadhaar and Pan, admission letter from the university, and statement of costs.  5. Good CIBIL score CIBIL scores of the applicant and the co-applicant matter as a good score suggests that the previous loans have been paid on time and the chances of getting back the loaned money are high. A bad score means a delay in repayment or a cheque bounce. A good score will increase the chance of securing a loan; hence applicants should be conscious of maintaining a good CIBIL score from the beginning. https://www.youtube.com/watch?v=4gTQkdePOWM&feature=youtu.be&ab_channel=EduFund 6. Too many loan enquiries are harmful Students should not apply to numerous financial institutions as they, in turn, inquire with CIBIL Agency which mentions the number of enquiries in the credit report. This has an impact on the CIBIL score; thus, the applicants must research beforehand and apply for the loan at the appropriate place and at the right time after going through all the pros and cons. 7. Must fulfil the income criteria Applicants must find out the minimum income required by the lender and then fill out the loan application; otherwise, it will be rejected.  8. The repaying capacity Lenders will look at the repaying capacity of the applicant and their total income. In case the loan is passed and is mid-way, and the co-applicant has lost or left their job, the loan can still get rejected. 9. Types of collateral  Financial institutions have a list that defines which properties are considered collateral and which are not; hence applicants must go through the list before naming that property as collateral.  10. Meet the set policy Every lender has a specific set of rules, and the applicant must go through them in detail and then fill out the form and submit the required documents.  Conclusion Lots of students apply for an education loan every year, but only a handful of them manage to get it sanctioned. In most cases, the applicants are not even aware of the true reason for the loan rejection. Knowing about the above-mentioned tips can maximise your chances of getting approved for an abroad education loan.  Reach out to the counsellors or experts on the Edufund app for an abroad education loan, and they will guide you through the whole process in quick and easy steps. Consult an expert advisor to get the right plan TALK TO AN EXPERT

A student loan serves as the ideal link between academic hopefuls and high-quality education, enabling them to get a desired university seat and realize their academic goals. It is wise to get an education loan, but it's crucial to make your payments on schedule. Even if getting the loan could be easy, if it isn't planned well, repaying it could be difficult. Strategies for repaying your abroad education loans 1. Pay the variable rate loans first It is advisable to pay off the variable-rate loans first when you have several student loans to repay, some of which have variable interest rates and others that have fixed interest rates. Even if the variable rate is now lower than the fixed rate, this is delicate and changeable. You can be taken aback if interest rates suddenly increase as a result of economic developments. 2. Think about refinancing your education loan You likely have debt in addition to your school loan. For instance, you can also be responsible for paying off a car loan. If so, you might want to think about refinancing so you can handle your loans more effectively. If a lender gives you a cheaper interest rate, you might look into refinancing your student loan.  Your payments won't be a hardship this way. Due to unforeseen circumstances, you could incur unforeseen fees when making your school loan repayments. Therefore, even a tiny amount of money saved from interest may make a big difference in your situation. Examine your refinancing choices, and if you find a better bargain, move your loan. 3. Choose the right repayment plan Choosing the appropriate education loan repayment plan is the best method to manage student debt. Your lender will offer you a range of repayment options. Choose the approach that best fits your budget. You must be informed of the duration of your moratorium. Before your first EMI is due, you will know how much time you have left to find employment and save money. Think about your anticipated pay from your first job as well. You may determine the appropriate tenure and EMI with the aid of all of this. Without such careful planning, you can end up selecting an EMI that is too expensive for you financially. 4. Get a part-time job while studying It is advisable to work a part-time job that fits into your schedule while attending college or a university to further your knowledge. Saving money from your part-time employment will significantly speed up the loan payback procedure. Students studying abroad are most affected by this strategy. 5. Buy an insurance Banks require a term cover or insurance in the borrower's name as part of their policy. To ensure repayment in the event of any interruption due to either natural or manmade causes, the risk cover should be equal to the loan amount. 6. Loan forgiveness programs The release of the borrower from the obligation to repay a loan is referred to as loan forgiveness, also known as debt elimination or forgiveness in the financial industry (or a portion of a debt). Although theoretically any student debt might be forgiven, student loan forgiveness typically only applies to loans issued or sponsored by the United States government. 92% of the nation's total student debt is comprised of these loans.  In other words, even though the loans are designated for students, the well-recognized forgiveness programs do not apply to any privately issued loans. Borrowers may be able to get their loans canceled or forgiven in specific circumstances. Loan forgiveness applicants must apply, and they might need to continue making payments until their request is approved. https://www.youtube.com/watch?v=4gTQkdePOWM&feature=youtu.be&ab_channel=EduFund How to choose the right Education loan for higher education?  Research and thorough comparison are necessary while selecting the best education loan for higher education. Before choosing an Education loan, compare the interest rates and repayment options offered by several institutions. You may also get in touch with an expert. They can assist you in negotiating a lower interest rate and in organizing your repayment plan to help you save money. Before choosing to take out an education loan, ascertain how much money you require to fund your higher education. Our College Cost Calculator will help you determine how much additional money you'll need to live comfortably in your college city by providing you with information on the tuition and living costs there. When arranging the repayment of your student loan, keep in mind to account for all possibilities and outcomes to make the process simpler on both your wallet and your mind.  It may also be advantageous to invest to increase your current savings corpus if you haven't received a credit sanction yet and are still considering your ability to repay to minimize the amount of credit you require, which might then result in a shorter loan term or lower interest rate. Consult an expert advisor to get the right plan TALK TO AN EXPERT

Confusion while choosing a career occurs when you lack a clear idea about your options. The resultant stress can add to the clouding of judgment. This can, however, be avoided by conducting thorough self-scrutiny and simultaneously analyzing the current job market.  Choosing a career can seem like a mammoth task. Like all other mammoth tasks, the most efficient way to troubleshoot this is to divide it into smaller tasks. First, make a list of the things you need to consider while choosing a career. Second, prioritize them systematically by lining them up in the correct chronological order. Set short-term goals so that they are easily achievable. Here are some helpful pointers.  Ways you can choose the right career path? 1. Do I have one or more areas of interest? An ideal point to start is to consider your area of interest. This also means self-analyzing and deciding how interest-driven you are in life and at work. Choosing a career can befuddle you if you are not sure of yourself. If you have more than one area of interest, note them down serially. Not every interest can be monetized. Once you have all of them listed you can decide which would be ideal as a foundation for your career. A coach would be very helpful to help you gain clarity. 2. What are my skills & capabilities?  Skills are one of the most important factors when it comes to vocation. Being aware of what your capabilities are will make you not only confident about yourself but also offer clarity over what skills could be developed to become a better competitor in the job market.  It is also necessary to be well aware of your skills so that you can list them down in your curriculum vitae that are necessary for your job profile alongside your portfolio. Remember, not having a skill is not an obstacle. As long as you know about it, you can always train yourself to be better.  3. What is my level of education?  Education is another founding factor when it comes to career selection. This is why it is so important to think about future job options even while pursuing an academic course. Journeys are made purposeful by setting a destination. Similarly, your educational endeavor can be a rewarding experience when it has a good career as its destination point. A good career is also what makes the allocation of funds towards education fruitful because you have an estimate of the returns. Nevertheless, do not worry if you are way past your educational life and looking for jobs presently. All you need to do is consider what your level of education is and how it can help you land a good job.  4. What are my principles/work ethics?  Your values, principles, and work ethics are what make you exclusive and irreplaceable as an employee. Among other things, it takes into account your approach towards work- if you function well in stressful situations or are you most efficient in a stress-free environment.  Thus, it is important to check up not only on the work ethics and values of the company you want to work for but also your principles. If these two match, you might have the most wonderful experience of your life. However, if they do not, you might feel stuck in a work environment that does not help you grow as a person.  5. Are there many jobs I can choose from?  Analyzing the job market is one of the most indispensable steps while considering career options. It is advisable to start as early as possible. When you are deciding upon a course to study, keep an eye on the availability of jobs in that field.  Having more options means you can reduce the pressure upon yourself, to begin with. It also implies that once you land a few many jobs, your demand as a candidate increases. This might also get reflected as a positive influence on your future salary and enhance your prospects.  6. What are my financial goals?  Goals offer purpose to living. But financial goals are more than that. Other than making you purposeful, it also regulates your monetary habits. As such it is important to set out personal goals judiciously.  Your mindfulness while setting financial goals can come in handy while choosing a career. You might have short-term or long-term goals. Based on that, you can apply for jobs after considering their salary structure and thereby, formulate a plan of action for achieving your dreams. 7. Is my living style compatible with my career option(s)? You can expect life to not remain the same before and after employment. Nevertheless, you might want to consider jobs that are compatible with your current lifestyle. The other option is to be open to changing your lifestyle according to your job requirement.  You can start by asking questions like - is the job shift manageable or will it be too inconvenient for you? Carefully examine if you are comfortable with the job role. Some jobs require you to travel frequently. In that case, you can ask yourself if you are up for it. FAQs What are the 7 steps to finding the right career path?   Know your area of interest   Assess your skills and capabilities   Quality education   The right principle/ work ethic   Analyse the job market   Set your financial goal   Strike a balance between lifestyle and career option     How do I find my career path? Confusion while choosing a career occurs when you lack a clear idea about your options. Choosing a career can seem like a mammoth task. Like all other mammoth tasks, the most efficient way to troubleshoot this is to divide it into smaller tasks.   First, make a list of the things you need to consider while choosing a career. Second, prioritise them systematically by lining them up in the correct chronological order. Set short-term goals so that they are easily achievable. What are the 4 Ps of choosing a career? There are four significant things that an individual should consider while choosing a career- people, product, purpose, and potential.   What are the 10 steps to the right career path?   Identify your passion   Know your strengths and weakness   Prioritise quality education   Choose a suitable course   Acquire important skills during the internship   Design a winning resume   Do your research before applying for a job   Keep an eye on the job market   Assess your financial goal   Balance your lifestyle and career option   Conclusion In this capitalistic world, work and leisure are often segregated from each other. We tend to forget that enjoying your work can render you stress-free and make life ten times better. Choose a career that, while yielding desired returns, will not hamper your mental peace or restrict personal growth. Consult an expert advisor to get the right plan TALK TO AN EXPERT

Ever since the year 2020, the world has moved at a different speed. Due to the pandemic, the world almost came to a standstill. But then it got back on its feet again and started progressing at a faster pace to make up for the lost time. Some of the intrinsic social institutions like health and education have been most influenced by such drastic changes. Certain trends have emerged and solidified in the case of education and these are going to be quite noticeable in 2022.  1. Technology as a factor  First and foremost, after staying cooped up in our rooms for too long, humans were forced to take up interaction with the rest of the world through virtual media. Even kids are being deprived of their basic right to social development in a more open and public atmosphere, as they have to attend online classes.  Although Generation Z is born in the digital era, studies have indicated that such a drastic and paradigmatic change has affected children psychologically. Children staying at home all the time has made work-from-home slightly difficult for adults. Moreover, the added dependency on gadgets to get an education has extended their screen time exponentially.  But this new trend came with a silver lining- it made kids tech-savvy at a very young age. To make up for lost public time and space and to make social distancing bearable, new software applications have been developed. Some of them are devoted to instilling a sense of patience and concentration in kids getting into the new habit of getting a school education from home.  2. Social grooming  Human beings are social animals. Let’s just say, we have learned a new way of being social amidst the norms of isolation and social distancing. Developing soft skills is a major part of the social and cognitive development that kids partly learn from school, and partly at home.  Now the space we call home has to serve as both public and private, figuratively speaking. In a way, the pandemic has turned the world into an even smaller global village. Fortunately, digitization has made it possible to attain the closest experience to real-life socializing. Class presentations are still held for students on virtual platforms. Children can choose to indulge in group study projects through social media apps under their parents’ supervision.  3. Vocational engagements  After a few months into the Coronavirus pandemic, it became clear that time and tide stop for none. Once the governments of various countries started getting some level of control over the situation, the education sector also started reopening avenues virtually.  Soon developers on new virtual platforms realized that this was their chance to take advantage of the study-from-home culture. Courses began getting more and more job-oriented. Even websites known for finding job placements began offering certificate courses that would make one more eligible to apply for a particular vocation in the future. Understandably, a lot of the vocational skills are offered through these courses that last for a shorter duration. They are meant to prepare the new generation for work-from-home jobs since the pandemic has changed some things in a near-permanent fashion. 4. Going beyond the syllabus Another very popular trend that has emerged amid the pandemic is students enrolling for different courses from foreign universities. Since traveling across borders has now become more complicated due to COVID, grabbing every opportunity for distance education can be counted as a smart move. The internet has made it possible to introduce new and unconventional courses into the mainstream curriculum. Educators can now virtually assess and discuss the progress of a student with their parents. Students can also resort to technological aids for self-assessment, through data algorithms which means that the process is more objective and self-sufficient. This can, in turn, provide a self of self and purpose. It can drive kids to learn and develop skill sets that go beyond the prescribed syllabus.  5. Studying abroad is still as desirable as ever The idea of studying from anywhere virtually is taking hold but data suggests that college enrolments abroad have only increased in the past year. The reason is perhaps that a college education doesn't only include the syllabus but also the community, lifestyle, and campus life that all add up to overall personality development. Studying abroad remains as desirable as ever for Indian students wanting to get the best higher education. FAQs What are the new trends in education? The new trends in education include increased of technology, higher number of online classes, reliance of education-technology to teach in classrooms and going beyond the usage of books and reading material. What are the trends in Indian education? The growing trends in Indian education: Gamification Introduction of soft skills and hard skills Use of technology in classrooms What is the importance of trends in education? New and improved trends in education are important to deal with the changing world. For instance, the introduction of online classes helped thousands of schools and parents cope with the changing world. It allowed students to continue their education unhindered. Conclusion An optimistic way of looking at the changing trends in higher education in 2022 is acknowledging the fact that digitization has acted as a catalyst in changing the face of academia itself. The pandemic has wreaked much havoc but it has also prepared us for a brave new world.  Consult an expert advisor to get the right plan TALK TO AN EXPERT

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