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

Planning to teach kids about taxes? Then this blog is for you. Taxes are an integral part of human lives and every person must be aware of how to manage them from an early age. Children can understand financial concepts quite early in life and most of their monetary habits are also developed during these times. Every person on earth knows that taxes are inevitable and you cannot escape from them. So why not take a progressive step forward and understand how to teach your kids about taxes as it will prove beneficial for them in the long run? 6 basic ways to teach kids about taxes 1. Start the lessons from home The first step in how to teach kids about taxes is becoming their teacher at home and giving them lessons relevant to taxes. Some children are aware that we pay taxes, but the majority are unaware of the fact. Remember, it is the basic responsibility of every parent to make their kids aware of all the things that are relevant in their lives. Personal finance and taxes are important topics of discussion as kids should know how and why a portion of their earnings is given to the government and how it uses the said money for the welfare of its citizens. Start Investing in TAX Saving Mutual Funds 2. Start from the basics Explain the basic concepts of taxes; for example, what are taxes, and why are taxes levied on earnings? If your child has grown up, you can also discuss the various types of taxes levied by the government and related topics like income tax, property tax, sales tax, capital gains, deductions, and tax credits. Inform the kids about why taxes are important and how levying taxes helps the community on the whole. Tax Benefits on Child Education Fees Read More 3. Make it as real as possible  Make it as real as possible with the help of real-life examples because children learn more quickly when they have live demonstrations in front of them. Parents should apply the basic concept of taxes in everyday life to make the kids understand. For example, when you take your kids shopping, show them the price tag of a commodity and the price that is shown on the bill. Explain that the difference is the tax that every person has to pay the government. Familiarise your child with deductions and tax paperwork and how it impacts the total individual income. Making it real will help the child get a better grasp of the concept. https://www.youtube.com/shorts/p2Bj4VgVHgQ Source: EduFund 4. Explain why we pay taxes Teaching the kids about taxes from an early age gives them a solid foundation in the concept of finances and how to tackle the various types of taxes later on in life. Explain to them who pays the taxes and why they have to pay them. Point out the essential infrastructure that is maintained with the help of the taxes that the government levies on its citizens. Examples include parks, schools, hospitals, roads, post offices, etc. Make sure to use simple words and common examples to explain why we pay taxes so that the kids can understand the concept of taxes and the reasons behind why we pay them. Learn about Taxation in Mutual Funds Read More 5. Make it a fun game Sometimes the best way to learn about a topic is by making it into a fun activity. Parents can take the help of a simple piggy bank to explain their point. Make it a fun game as games are effective learning tools that kids can easily relate to. Whenever you pay your child’s weekly/ monthly allowance ask them to pay specific funds on allowance and expenses as tax. For instance, the child is given INR 2000 as a monthly allowance, then levy 1% tax on their total allowance. This will amount to INR 20. Ask them to deposit it in the piggy bank. Next, whenever they make an expense that is higher than INR 200, ask them to deposit INR 5 as tax.  This is a simple method that can help the kids to grasp the concept of taxes more easily. By now you must have gained a basic understanding of how to teach your kids about taxes. Take all the related points into consideration and start talking about taxes, personal finance, and how taxes impact human lives with your kids to create an engaging environment. https://www.youtube.com/shorts/wzl2t-Czh8o Source: EduFund FAQs What is a tax? A tax is a fee paid by citizens to the government that helps fund public goods and services. Why should you teach kids about taxes? Taxes are a big part of our lives. We pay taxes on the food we eat, the services we use, and the money we make. By explaining why we as citizens are responsible for paying taxes to the kids will help them become more informed and aware of the financial responsibility of every individual. It is also a good practice to help teach kids the value of money. What is the best way to teach kids about taxes? Use everyday examples to help your kids understand taxes. The income tax you pay, the toll tax on the roads, the GST on everyday items, and much more. This is a simple start to explain why we pay taxes and helps children understand the importance of money.

Market volatility is a hard fact and investors must be aware of ways to protect portfolio funds in a falling market. It is possible to limit loss, lock in profits and provide stability to your investments in adverse conditions with help of viable strategies.  Stock gains are steady over time but declines are often unexpected, freefall, and sudden.  Investors must ensure that their portfolio is well-positioned at all times so that it does not hamper overall growth. Making the right investment decisions is as important as protecting the portfolio fund during turbulent market conditions. 8 ways to protect portfolio fund in falling market An economic meltdown is a fact of the investment market that can wipe out hard-earned returns, savings, and retirement funds in hours. Investors must take appropriate steps early on to safeguard their portfolio fund in a falling market, market crash, or an economic depression through preplanned steps.  Some important ways to protect portfolio fund in a falling market are discussed below- 1. Diversification of portfolio funds Diversification of portfolio funds and spreading your money across different investment categories is one of the surest measures for shielding the portfolio fund in a bear market. Investors often invest in mutual funds, exchange-traded funds, and individual stocks expecting good returns. They must have a proper plan in place to move a good chunk of the investment into safer options at short notices Sometimes, the market fall is sudden and it does not give the investor enough chance to move high-risk funds to safe horizons. Individuals should invest in a wide range of investment schemes with different levels of risk. These include stocks, real estate, precious metals, cash value life insurance, bonds, derivatives, annuities, alternative holdings, cash, etc. Additional read: Questions cosigners should ask before taking an education loan 2. Fine-tune the portfolio funds Reassess the asset allocation to determine whether the current portfolio matches your specific risk tolerance. Do not take on more risks than your capacity as it might trigger panic selling during adverse conditions and result in heavy losses. Investors should always be prepared to face a bear market hence they must fine-tune their funds to create a portfolio mix that will match both financial needs and risk tolerance. 3. Take the help of financial advisors Financial advisors often have a better understanding of the market trends than investors. They go through the available data and related information to make better predictions of both good and bad times in the market.  Use the financial consultants at the EduFund App as an effective tool for knowing about the market and for an ideal fund allocation. The app will help to meet your risk appetite by minimizing the risk profile eloquently. 4. Do not liquidate all the stocks In a falling market, it is easy to panic and liquidate all the stocks. It is a wrong move as doing so will lock the losses and prevent earnings when the market recovers. Maintain a portion of the funds in the stocks even in a falling market to take advantage of the subsequent recovery whenever it occurs.  5. Rebalance and reinvest Stock market returns vary on a yearly basis but in the long term, it tends to offer positive returns. Investors whose risk tolerance is high or who have a long period before retirement have the option of investing heavily in stocks but people close to retirement must consider gradual transferring of funds to short-term or cash bonds with less risk.  Consider risk-based rebalancing through the EduFund App to minimize losses and by reinvesting in mutual funds, REITs ETFs, etc.  6. Consider defensive picks Consider market volatility as an opportunity to buy REITs with stable dividends and strong cash flows. One viable option is the EduFund REIT+ portfolio that includes quality REITs 7. Sell call options Financial advisors recommend selling call options to protect portfolio funds and soften the blow of a falling market.  8. Stay the course Investors must realize that the bull market will always follow the bear market. The falling market is a concern no doubt but the slump will pass. This is not the time for panic selling instead stay the course and stick to your investment plan.  Consider speaking to the wealth advisors on our platform to create a recession-proof strategy that will make your investment portfolio resilient to the upcoming falling market. FAQsHow do I protect my portfolio from a market downturn?   To safeguard your portfolio during a market downturn:  Diversify your investments across different asset classes.  Consider holding defensive stocks, like utilities and consumer staples.  Keep a long-term view and abstain from rash choices.  Utilise stop-loss orders or put options for downside protection.  Investing and your emergency fund should not be combined.  How do you prepare a portfolio for a market crash?   Prepare for a market crash by:  Reducing exposure to high-risk assets before a crash.  Increasing allocation to safer investments, such as bonds or cash.  Ensuring your portfolio is well-diversified.  Continuously monitoring and rebalancing your portfolio.  Having a well-thought-out exit strategy and sticking to it.  What is the safest fund during a market crash?  The safest fund during a market crash is typically a money market fund or a short-term bond fund. These investments are known for stability and liquidity, making them less susceptible to significant value declines during turbulent market periods.  What to do with a falling portfolio?   When your portfolio is falling:  Avoid panic selling; stick to your long-term investment plan.  Reassess your portfolio's asset allocation and risk tolerance.  Consider buying more assets at lower prices (dollar-cost averaging).  Take a look at your investment plan and make any required adjustments.  Seek advice from a financial advisor if you're uncertain about your next steps.  Conclusion Ups and downs are an integral part of markets that investors must be prepared for at all costs. Seasoned investors try to keep strengthening their portfolio fund to make it more robust for an upcoming recession.  In this article, you have come to know about the various ways to protect portfolio funds in a falling market. These are tried and tested strategies that provide ample protection against market volatility so that investors can preserve and protect their investments. Consult an expert advisor to get the right plan TALK TO AN EXPERT

Mutual funds, the stock market, and bank deposits are India's best beginner investment options. The majority of novice investors are young and just starting their careers. They will therefore be investing for the long term. Beginner investors should aim to maximize their investments as they have experience and time on their side. In this article, we will be discussing the following topics: Why should you begin investing right away? You may take full advantage of the benefits of a long-term investing horizon by starting to invest when you are young. You might use an aggressive approach to your investment methods because of your age. Even if something went wrong, you would still have ample time to recover and go on to make a profit. Therefore, the key to maximizing investment prospects is to start investing early. Investment options for beginners in India Here are some investment options for people with no background or experience in investing. These options have lower, moderate, and higher risks, and an investor can choose to invest in different investment vehicles based on their needs. 1. Bank deposits People who don't like taking risks should put money in a bank. Minimal-risk investments have equity runs, though. You should consider investing in fixed deposits assuming you have a lump sum available. The interest rates on fixed deposits are rather decent and, if invested for a long time, can return a large sum. You may invest in a recurring deposit if you can put aside a set amount regularly, such as monthly or quarterly. One thing to keep in mind is that the potential profits provided by mutual funds and the stock market never match those provided by bank deposits. 2. Stock markets Among all investment options, investing in stocks gives you the possibility to get the best returns. You may invest with a long-term investing horizon because time is on your side. By doing this, you will combat market volatility and gain long-term advantages. To invest in the stock market, you must have some market understanding, though. If not, you should avoid the stock market. Without market expertise investing in stocks is equivalent to gambling. Your investment would be worth Rs 4.75 crore now if you had invested Rs 55,000 in shares of Eicher Motors, the company that makes Enfield motorcycles, in the year 2001 ($17.50 per share). The stock market has that kind of power. Additional read: What is foreign direct investment? 3. Mutual funds If you have a long-term investment plan, you can invest in mutual funds and take advantage of the power of compounding. Additionally, you do not need to be market-savvy. Mutual funds are run by expert fund managers with a proven track record of running successful investment portfolios. You may invest in equity funds given that you are a young investor and that these are recognized for providing outstanding long-term returns. Although investing in hybrid and debt funds might reduce your profits, they are still attractive options. You can invest in an equity-linked savings plan to reduce your taxes (ELSS). With this money, you can defer up to Rs 46,800 in taxes each year as per Section 80C of the Income Tax Act of 1961. No other tax-saving investment provides the twin advantage of tax deductions and wealth building like ELSS mutual funds do. 4. Government schemes A few government programs are available for investment. The Public Provident Fund is the most well-liked government savings program (PPF). It has a 15-year lock-in period with returns of between 7% and 9% annually. Additionally, you can put money into a Voluntary Provident Fund (VPF) or National Savings Certificate (NSC) (VPF). Starting to invest early in life is the secret to being wealthy. This will provide you with the chance to build a significant amount over time, and you can rely on this to achieve different goals. 5. Savings Accounts and Certificates of Deposit (CDs): Savings Accounts and Certificates of Deposit offer low risk and are ideal for short-term goals or emergency funds.  6. Real Estate Investment Trusts (REITs): Real Estate Investment Trusts invest in real estate without owning physical property.  7. Robo-Advisors: Robo-advisors are automated platforms that create a diversified portfolio based on your risk tolerance. Starting your investment journey can help you build wealth, achieve financial goals, and beat inflation over time.  Important Considerations for New Investors:  Set Clear Goals: Establish your financial objectives and investment horizon.  Determine your level of comfort with risk by evaluating your risk tolerance.  Spread your investments among various asset types to lower risk through diversification.  Research: Learn about the investments you're considering and the market trends.  Costs: Be aware of fees, including management fees, commissions, and taxes.  Taking the long view: Investing is a marathon, not a race. Avoid reacting to short-term market fluctuations.  Emergency Fund: Have an emergency fund in place before investing to cover unexpected expenses.  Stay Informed: Keep up with financial news to regularly review your portfolio.  How Much Money is Needed to Begin Investing:  The amount of money needed to begin investing can vary widely depending on the investment option you choose and your financial goals. Here's a general overview of how much you might need to start investing in different asset classes in Indian Rupees (INR):  Stock Market: You can begin investing in stocks with as little as INR 500 to INR 1,000 if you choose to buy shares of individual companies. However, it's recommended to have a diversified portfolio, so having INR 5,000 to INR 10,000 or more is a better starting point. A lot of brokerage firms have no minimum investment requirements.  Mutual Funds: The minimum investment amount can vary depending on the fund and the fund house. It typically ranges from INR 500 to INR 5,000 or more. Some mutual funds offer systematic investment plans (SIPs), where you can invest smaller amounts regularly, often as low as INR 500 per month.  Index Funds: Like mutual funds, the minimum investment for index funds varies but is usually in the range of INR 1,000 to INR 5,000.  Savings Accounts and CDs: You can open a savings account with a minimal deposit, often as low as INR 1,000 or even less. Certificates of Deposit (CDs) may require larger amounts, typically starting at INR 10,000 or more.  Real Estate Investment Trusts (REITs): Investing in REITs often requires purchasing shares through a stock exchange, so the minimum investment amount would be like that of the stock market, varying from 500 to 5,000 or more Indian rupees.  Robo-Advisors: Robo-advisors typically have lower minimum investment requirements compared to traditional financial advisors. You might be able to start with as little as INR 5,000 or less.  Keep in mind that while these are general guidelines, the specific minimum investment requirements can vary among different providers and investment options. It is critical to conduct research and select assets that are compatible with your financial objectives and risk tolerance. Additionally, it's advisable to consult with a financial advisor before making any significant investment decisions to ensure they are suitable for your individual circumstances.  When deciding how much to invest, consider the following factors:    Your Financial Situation: Ensure you have an emergency fund and pay off high-interest debts before investing.  Investment Goals: Determine what you're investing in and your time horizon.  Risk Tolerance: Consider how much risk you're comfortable with; this can influence your initial investment amount.  Regular Contributions: Even if you start small, commit to regular contributions to your investments to benefit from compounding over time.  Costs and Fees: Be aware of any fees associated with your chosen investments; these can eat into your returns.  Starting with a small amount and gradually increasing your investments as your financial situation improves is a prudent approach. The key is to begin investing early, stay committed to your goals, and continuously educate yourself about investment options and strategies. Over a period of time, even small contributions can grow into a substantial portfolio.  FAQsWhat should I invest in as a beginner?  As a beginner, start with low-risk options like index funds or ETFs, offering diversification. These require minimal knowledge and provide exposure to the broader market.  How do I start investing if I don't know anything?   Start by educating yourself through books, online courses, or consulting a financial advisor. Then, open a brokerage account, begin with a small amount, and gradually increase your investments.  What is the simplest investment?   A savings account is the simplest investment. You deposit money, earn interest, and can withdraw it at any time without risk to the principal.  What is the smartest way to start investing?  The smartest way is to begin with a clear financial goal, assess your risk tolerance, diversify your investments, keep costs low, and invest consistently over time. Consider low-cost index funds or seek professional advice.  Conclusion There are various types of investment options in the market but only a few for people who don’t have enough knowledge to study their investments. Hence, you should compare the options available to know and find out the risks involved and whether they suit you. In any case, whenever you need advice or information regarding investment plans, reach out to a financial expert. TALK TO AN EXPERT

In June 2023, the USA was teetering on the edge of a debt default. Yep, you heard it right – the land of burgers and baseball almost stumbled into a financial abyss. With a debt mountain that could make your head spin ($32.7 trillion, a whopping 121.2% of GDP), the US barely scraped by, lifting the debt ceiling just in the nick of time.  But hold onto your hats, the story didn’t end here.  Fitch, the global ratings agency, downgraded the US credit rating from AAA to AA+ on August 2nd, 2023. Now, I know what you're thinking - did this downgrade have the stock market shaking like a leaf? Yes, this news sent shockwaves through global markets, reminding us that when the US catches a cold, the world sneezes. But guess who's shrugging off this chilly breeze? India, my friends!   Here's the cool part: India isn't bothered by all this chaos. In fact, it's thriving! Morgan Stanley says India is doing great and upgraded its rating to 'Overweight'. These folks reckon India's rocking economic growth, fueled by big investments and fatter profits. The same Morgan Stanley nudged India up from 'underweight' to 'equal weight' four months back. The twist is that not too long ago, these same experts called India part of the "Fragile Five" because they thought it was a risky place to invest. So, what changed?  India is undergoing a massive transformation. It's moving from being known for things like spices and beautiful sarees to becoming a middle-class powerhouse. This kind of transformation is super rare.  In the past, countries like Europe and the USA had their moments of amazing growth after big events like World War II. That's when famous brands like Chanel, Volkswagen, and Gucci became a big deal. Now, it's India's turn to shine.  So what changed for India? Let's talk about four exciting things happening in India: More Manufacturing  India's making more stuff, and that's going to boost its economy. It might even double its share of the global market for exports.  India's Share of Manufacturing is expected to increase to 21% of GDP by 2031 Source: Morgan Stanley Growing Middle Class  More people in India are joining the middle class, which means they have more money to spend. This is going to make India's economy grow even faster.  By 2047, if political and economic reforms have their desired effect, the Indian income pyramid will have a smallish layer at the bottom comprising the Destitute and Aspirer groups, a huge bulge of the middle class, and a big creamy ‘rich’ layer on top.  Note: Population in Million; Source: PRICE’s ICE 3600 Pan India Surveys India's Income Pyramid Note: Figures in percent, 2020-21Source: PRICE’s ICE 3600 Pan India Surveys Middle-class is the country’s biggest contributor in terms of income, spending, and savings Indian consumers are also likely to have more disposable income. India’s income distribution could flip over the next decade, and consequently, overall consumption in the country could more than double from $2 trillion in 2022 to $4.9 trillion by the end of the decade with the greatest gains going to non-grocery retail, including apparel and accessories, leisure and recreation, and household goods and services, among other categories.  Going Digital  India is getting super high-tech. They've been working on a digital identity system, and this is making things like payments and healthcare more accessible and affordable for everyone.  Over ten years ago, India started a cool project called Aadhaar. It's like a super secure ID card that uses your unique body features to prove who you are and where you live. Now, we have something called IndiaStack which is like a toolbox for all things digital. This toolbox helps people in India do things like spending money, getting loans, and even accessing healthcare more efficiently. IndiaStack is like a magic wand that's making digital life in India more convenient and affordable for everyone.   Energy  India is improving its energy system, and a lot of it will come from clean sources like wind and solar power. This is not only good for the environment but also helps create new jobs and opportunities.  So, why should you care? Well, if you're thinking about the ongoing volatility in the Indian market, think again. We believe the markets are as usual, and there will be risks like anywhere else, but India's growth story is looking exciting. So, keep an eye on India's journey!  Should you wish to start your journey now, feel free to connect with us at research@edufund.in

ICICI Prudential Mutual Fund is the second-largest asset management company in India. With over Rs 5 Lakh crore, the AMC is among the most trusted names in the mutual fund space. AMC offers products across asset classes. Let us talk about the flagship product of ICICI Prudential MNC Fund. ICICI Prudential MNC Fund Investment Objective The scheme primarily aims to provide capital appreciation by investing predominantly in equity and equity-related securities within the MNC space. Investment Process This is an open-ended equity scheme that follows an MNC theme, which falls under the thematic category. It invests in growing company stocks, which are selected based on extensive research and screening. Stocks selected for investment are reviewed periodically. ICICI Prudential MNC Fund broadly focuses on three approaches: 1. Indian Multi-national Companies - Companies incorporated in India with business operations across the globe. 2. Multi-national Companies listed in India - Foreign Companies having business operations in India and listed on Indian Stock exchanges. 3. Global Multi-national Companies - Foreign Companies having business operations across the globe but not listed on Indian Stock exchanges. Portfolio Composition The equity exposure is majorly in large-cap securities at 55%, followed by mid-cap and small-cap at 34% and 11%, respectively. The funds are invested across all the sectors without any specific sector being given more importance. The top 5 sectors hold nearly 53% of the portfolio. Note: 31st July 2023 Source: ICICI Pru Top 5 Holdings for ICICI Prudential MNC Fund NameSectorWeightage %Maruti Suzuki India LtdAutomobile8.70%Sun Pharmaceutical Ltd.Healthcare5.76%Infosys Ltd.Technology4.67%Hindustan Unilever LtdFMCG4.64%Bharti Airtel LtdTelecom Services4.12Note: Fund Performance since launch. Date: 17th June 2019Source: icicipruamc.com Invest in ICICI Mutual Fund Performance Since Inception Returns of ICICI Prudential MNC fund-Growth Option as of 30th June 2023. Particulars1 Year3 YearSince InceptionScheme20.4628.7920.20Nifty MNC TRI25.3419.8315.55Nifty 50 TRI 222.9124.5414.47Note: Fund performance since launch; Inception Date:17th June 2019.Source: icicipruamc.com The fund has given consistent returns and has outperformed both the benchmarks over the longer time horizon. If a person had invested Rs. 10,000 at the scheme's inception, it would now be valued at Rs. 21,020 against Rs. 17,923.78 in the NIFTY MNC TRI. Fund Manager The fund is ably managed by Roshan Chutkey, who has 28 years of experience and manages five funds in total. Who should invest in ICICI Prudential MNC Fund? Investors who aim to invest in a portfolio that invests primarily in securities within the MNC space and achieve goals like Wealth Creation. Why invest in ICICI Prudential MNC Fund? · High Quality & diversified portfolio: The scheme provides endeavors to invest in high-quality multi-national companies. · Flexibility: The scheme has the flexibility to invest across market caps and follow a sector-agnostic approach. · Bottom-up stock selection: The scheme follows a bottom-up approach while selecting stocks. Time Horizon · One should look at investing for a minimum of five years or more. · Investment through a Systematic Investment Plan (SIP) may help tackle broader equity market volatility. Conclusion ICICI Prudential MNC Fund provides access to well-researched multi-national companies, which are an integral part of the global economy and can navigate challenging market conditions with relative ease. The fund has consistently performed and has outperformed its benchmarks in the long run. Hence, investors seeking to invest for a long-term time horizon to generate high returns with higher risk can consider this fund

HDFC Asset Management Company Ltd. (HDFC AMC) is one of India's largest mutual fund companies. It is among one of the most profitable asset management companies (AMC) in the country. The company manages assets of over Rs. 4.8 Lakh crores (excluding domestic fund of funds) as of 30th June 2023. https://www.youtube.com/watch?v=qy_EsYNTJU4 HDFC Multi-Asset Fund Investment Objective The objective of the Scheme is to generate long-term capital appreciation/income by investing in a diversified portfolio of equity & equity-related instruments, debt & money market instruments, and gold-related instruments. Investment Strategy Equity - The Fund follows a model whereby equity allocation is decided by factors such as TTM P/E, 1 Year Forward P/E, TTM PB, Earnings Yield/ G-Sec Yield, etc., with monthly rebalancing. Arbitrage - The Fund seeks to generate income through arbitrage opportunities. The arbitrage allocation ensures the fund is equity-oriented. Arbitrage allocation reduces the impact of equity drawdown. Debt - The Fund seeks to generate income by investing in debt securities based on credit quality, liquidity, interest rate, and outlook. Portfolio Composition The fund holds 54.07% equity, 13.29% debt, 13% commodities, 3.31% real estate, and 16.8% in Cash and cash equivalents. The significant sectoral exposure is to Financials, which account for over 16.68% of the equity portfolio. The top five sectors hold more than 34% of the equity portfolio. Date: 31st July 2023 Source: Value Research HDFC SIP Calculator Top 5 Holdings for HDFC Multi-Asset Fund NameWeightage %HDFC Gold ETF12.76%HDFC Bank6.26%ICICI Bank4.29%Axis Bank4.2%Bharti Airtel2.26%Date: 31st July 2023 Source: Value Research Invest in HDFC Mutual Fund Fund Managers for HDFC Multi-Asset Fund Currently, the HDFC Multi-Asset Fund is managed by the following fund managers. Mr Bhagyesh Kagalkar (Since 2nd February 2022): Collectively over 28 years of experience in Equity Research, investments, and Finance. Mr Srinivasan Ramamurthy (Since 13th January 2022): Collectively over 15 years of experience in equity research and fund management. Mr Anil Bamboli (Since 17th August 2005): Collectively over 28 years of experience in Equity Research, investments, and Finance Mr Arun Agarwal (Since 24 August 2020): Collectively over 23 years of experience in equity, debt, and derivative dealing, fund management, internal audit, and treasury operations. Mr Nirman Morakhia (Since 15th February 2023): Fund Manager and Dealer – Equities. Mr Priya Ranjan (Since 15th February 2023): Collectively, over 15 years of experience. Senior Equity Analyst and Fund Manager for Overseas Investments. Who Should Invest in HDFC Multi-Asset Fund? Investors looking to diversify their portfolio by gaining exposure to an actively managed portfolio across a variety of asset classes (like equity, gold, debt, etc.) under a single unified scheme may consider multi-asset allocation funds as a good option. However, investors should remain invested long-term to witness wealth creation. Past Performance of Regular Plan as of 31st July 2023. Full Name1Y3Y5Y10YSince InceptionHDFC Multi-Asset Fund (%)1416.0911.2911.179.89Benchmark Returns (%)14.1116.3812.4412.66NAAdditional Benchmark Returns (%)16.1822.7113.0214.5113.83 Conclusion The HDFC Multi-Asset Fund has been in existence for nearly two decades. It provides an opportunity to invest across various asset classes with the benefit of true diversification. So, investors looking to diversify their investments across various asset classes can consider this fund. DisclaimerThis is not recommendation advice. All information in this blog is for educational purposes only.

Did you know that international students have to pay college fees on top of tuition fees to study at Cambridge University? This is why you need to save to send your child to Cambridge University. UK’s oldest and top institute with the lowest acceptance rate and skyrocketing tuition fees – getting admission at this college is not enough. From expensive tuition costs to living expenses costing £12,400 on average (11-12 lakhs yearly), the need to invest and save is urgent! Suppose, if your child goes for an MBA in this university, he or she will have to pay Rs 58 to 59 lakhs per year for tuition fees. Similarly, if your child is going for BTech or MBBS here, he or she will have to pay somewhere around Rs 33 – 58 lakhs per year for tuition fees. How do you need to save to send your child to Cambridge?  1. Preparing an education fund  Preparing an education fund helps in growing your financial corpus. You can do this by investing in financial assets which have a longer-term plan. These plans include mutual funds, ETFs, and so on. Start by deciding your monthly budget. Choose an investment plan which suits your need and budget. Make sure that you do not invest in a plan which offers low returns. ULIPs are a really good option if you are saving up for your child’s education at the University of Cambridge.   Public Provident Fund is another great option that you can go for. Parents prefer going for PPF because it provides a specific interest rate and is extremely secure. Apart from this, you must always prepare a long-term investment option.   Start Investing in Mutual Funds 2. Balanced investment options  Fixed deposits are great ways to invest but do not beat inflation. You cannot rely on them for the long term since they provide fixed returns of 5-6% while inflation in the current economy averages around 7-8%. The chances are that as an investor, you will lose the opportunity to gain from the markets.   Equity funds will be a good option for you if you start early as a parent. Around eight to ten years are required for you to build the right amount of corpus. You can go for SIPs in equity funds because they have a good return value and do not require heavy sums of money in one go.   Equity exposure until five years to the date of maturity can prove to be extremely beneficial. In the last decade, equity mutual funds have delivered an average return of 15%.   If you consider yourself a moderate-risk investor, you can still invest 60% to 70% of your total investment amount in equities. Make sure that you have a sufficiently long investing horizon so that you can counter crashes and volatility. Remember investing is risky but a good plan and a great advisor can help you manage your money better even in the worst climate.    Start Investing in US Market 3. Aggressive investment options  Equity investment leads to higher risk but also good returns. If you want to add more options to your portfolio, you can go for aggressive investments. In such a type of investment option, the investor takes on more risk to that he or she can achieve a higher potential return. Investing in stocks is a way of doing so. Although it is quite volatile and requires daily inspection, it has the potential to offer a chance for greater gains when compared to other types of investment.   Some other types of aggressive investment options are stock mutual funds, real estate investment trusts, hedge funds, emerging markets, small-cap stock funds, private equity, foreign stocks, global funds, and so on.  There are many ways to save to send your child to Cambridge but all start with smart planning for the right cost with the right experts. If you want the best for your child’s education, connect with us!  FAQs What are the fees of the University of Cambridge in Indian rupees? Tuition fees - 21.57 - 56.31 lakhs. Is Cambridge expensive for students? Ans. Yes, the University of Cambridge is generally considered expensive for students due to tuition fees, living costs, and other associated expenses. However, scholarships, grants, and financial aid options are available to help mitigate the costs for eligible students. How much does it cost to go to Cambridge for 4 years? Ans. The expected four-year cost of tuition for members of the class of 2026 who were admitted in the fall of 2022 is $71,364. The anticipated four-year cost of enrollment, including living expenses and personal fees, is $132,625.

Investment is extremely important for your child’s future. But deciding the best investment tool is tough. Let’s look at Recurring deposits (RD) vs Mutual Funds to find out which tool can safeguard the future financial needs of your child.  Both Recurring deposits and Mutual Funds have their pros and cons. Let’s understand both of them in detail. What are Recurring deposits? Recurring deposits are a monthly financial commitment that provides customers with the flexibility to invest a specific amount. It follows a proper flow of saving money with ease. This facility is provided by most of the banks and NBFCs in India whose period can range somewhere between 6 months to 10 years. Key features of recurring deposits The schemes offering recurring deposits aim to habituate people to a regular saving pattern. The amount that can be saved depends from one bank to the other and it can be as small as rs 10. The minimum period for which you can avail of the scheme is 6 months and the maximum goes up to 10 years. The interest rate will the same as that of fixed deposits offered in the same bank. Interest rates vary from 5.8% to 7.8%. It provides an additional benefit of taking a loan against the deposit which acts as collateral. You can open an RD with your bank but remember that all RDs offer a fixed interest rate and are free of risk! Start Saving with EduFund What are Mutual funds?  Mutual Fund is a popular form of investment that acts as a financial tool that collects assets from different shareholders to invest in securities like bonds, debt, equity, stocks, and so on.   Each fund has a fund manager who looks after the performance, manages the risk, and allocates the fund’s assets.   Mutual funds are great for investors who cannot actively follow market performance and manage their investments on a daily basis. The fund manager acts as a custodian of your investments and takes calculated risks to provide maximum benefits! Key features of mutual funds Mutual funds manage a portfolio that contains stocks, bonds, and other types of securities. Mutual funds invest in different markets, industries, and companies. They offer market exposure to new investors who can reap the benefits of various professionally managed portfolios at a very low cost. There are different types of mutual funds such as equity, debt, hybrid, and gift funds. Mutual funds charge annual fees and a commission for managing the portfolio which might affect your overall returns. Debt funds are relatively safer than equity funds or hybrid funds. Invest in Mutual Funds Difference between recurring deposits and mutual funds  Frequency of Investment: Recurring Deposits require the investor to be regular and pay at fixed intervals of time whereas mutual funds involve frequencies like weekly, monthly, quarterly, and so on.  Returns: The returns in recurring deposits are based on the interest rate provided by the bank. In the case of mutual funds, the returns are variable and depend on the scheme which is opted by the investor.  Investment Schemes: There exists no schemes or options in the case of recurring deposits whereas there are various schemes available if you go for mutual funds.  Market Linked: Recurring deposits offer fixed interests at regular intervals of time because they are not affected by market performance. In the case of mutual funds, lumpsum, and SIP are subject to market risks. Hence, the returns are not guaranteed or fixed. How can these financial commitments be useful for your child? If your child is young and you have a low-risk appetite, then recurring deposits can be safe play for you. You can deposit a specific amount every month in his or her name which can be helpful for their higher education. It has no risk which assures that you will receive a good corpus at the end of your savings tenure. On the contrary, mutual funds are very effective if you consider the increasing rate of inflation in the domain of education. Equity is also a good option that you can go for. However, it is advised that you start these schemes well in advance so that you can counter volatility or crashes that may arise. Talk to an Expert FAQs Are mutual funds good for child education?  Yes, mutual funds can be a suitable investment option for funding a child's education due to their potential for growth over time. However, it's important to choose funds based on your risk tolerance and investment horizon.   Which mutual fund is best for child education?  To find out the best mutual funds for your child's education savings, you need to visit EduFund. You can find class-wise mutual funds for your child's future savings. For instance, if your child is in 1st grade then there are plenty of mutual funds selected by our experts that you can invest in for their college! What is the best way to invest in a child's education?  Investing in a mix of diversified mutual funds, specifically those with a long-term growth focus, can be a strong approach to funding a child's education. Regular contributions through SIPs, starting early, and adjusting risk as the child grows older are key considerations. Consulting a financial advisor is recommended.  

Many young adults’ first experience with financial management is in college. Parents must understand the value of this information, but some struggle to convey it to their children, and the majority of universities do not provide courses in this area. You can teach your children money management skills that they will need throughout their lives, and the money management habits they form in college are likely to stick with them for the rest of their lives. As parents, the lessons you teach about money management will give them the confidence to manage their finances in the future, save money, and stay out of debt by putting good money management skills into practice. Your children will be better prepared for the tension-free financial future they deserve if they learn how to manage money early. Long-term money management strategies As college students, they are always short on time as well as money and that is precisely why it is the right time to start building their financial habits. Some long-term strategies you can teach your child are- 1. Teach them how to budget Creating a budget is extremely important and it is something you should teach your child before sending them off to college. Recognizing the line between wants and needs is the key to budgeting. Make sure they fully portray their spending patterns by having them list their expected monthly costs for things like books, school supplies, laundry, eating outside, meal plans, and personal care products. Don't forget to include recreational activities. They will be on the right path to the future with better money management by establishing these limitations in advance. 2. Emergency savings fund Starting an emergency savings fund is essential for anyone's long-term financial stability, whether they are students or not. An emergency fund acts as a safety net that one can rely on for those "rainy days" when they find themselves in a financial crisis. They will be able to recover thanks to their emergency money. It is up to them how much money they save each month. No matter how tiny the amount may appear at first, they must save something each month. 3. Finding cheap housing Housing is a significant and inevitable expense in college. If you are preparing your child to manage their funds and create a budget on their own, encourage them to explore the options available on campus. The most affordable option to have the entire college experience is to live on campus. When it comes to housing, living with roommates is also a great way to save money. Your child needs to interact with the students around them who are also looking for a place to live. Who knows, maybe they'll find some of their closest friends! Money Management Tips for HomeMakers Read More Try to Save Money as Much as Possible Saving money isn't just a financial practice; it's a mindset that sets the tone for responsible adulthood. Even as a young adult, adopting a disciplined saving approach can yield substantial benefits over time. Here's how you can lay the groundwork for a successful savings journey:  Set Clear Goals: The foundation of effective saving is setting specific goals. Whether it's building an emergency fund, planning for a dream vacation, or saving for a down payment on a house, having well-defined objectives provides direction and motivation.  Automate Savings: Capitalize on automation by setting up automatic transfers from your checking account to your dedicated savings account. Treating saving as a non-negotiable expense encourages consistency.  Start Small, Think Big: It's not the initial amount but the consistency that matters. Even if you can only save a small percentage of your income initially, remember that small contributions compound over time to create substantial savings.  Embrace the 50-30-20 Rule: Divide your income into three categories: necessities (50%), discretionary spending (30%), and savings and debt repayment (20%). This balanced approach fosters responsible spending while prioritizing saving.  Build an emergency fund with enough money in it to cover three to six months' worth of expenses. This cushion safeguards you against unexpected financial shocks.  Start Investing in Mutual Funds Keep Track of Your Debts Effectively managing your debts is a pivotal aspect of financial stability. Proactively addressing your debt situation during your early adult years can avert future financial turmoil. Here's how you can navigate the complex terrain of debt management:  Catalog Your Debts: Start by creating a comprehensive list of all your debts, ranging from student loans and credit card balances to any outstanding loans. Note down interest rates and minimum payment requirements for each.  Prioritize High-Interest Debts: Tackle high-interest debts with unwavering focus. By paying off these obligations first, you're effectively minimizing the total interest you'll end up paying overtime.  Punctual Payments: Ensure that you meet at least the minimum payment requirement for each debt on time. Timely payments not only prevent late fees but also bolster your credit score.  Prudent Borrowing: Exercise discretion when considering new debt. Only borrow when it's necessary and within your means. Keep in mind that every debt you take on affects your future financial commitments.  Start Investing in US Market Stop Spending on Unnecessary Things Disciplining your spending habits is pivotal for maintaining financial equilibrium. Developing the ability to differentiate between essential needs and superfluous desires is a hallmark of fiscal prudence:  Create a Budget: Formulate a comprehensive budget that outlines your monthly income and expenditures. This provides clarity regarding your financial standing and empowers you to allocate funds judiciously.  Practice Delayed Gratification: Cultivate the habit of delaying purchases. This approach offers a cooling-off period that helps you evaluate whether a purchase is truly essential or merely impulsive.  Prioritize Quality Over Quantity: When making purchases, quality gives precedence. Investing in a few high-quality items that endure over time is more cost-effective than buying numerous lower-quality products.  Opt for Cash or Debit: Minimize reliance on credit cards. Opting for cash or debit cards makes you more mindful of your spending and curbs the tendency to overspend.  Guard Against Lifestyle Inflation: As your income increases, resist the urge to immediately inflate your lifestyle. Instead, continue living within or below your means, allowing you to save and invest more substantially.  https://www.youtube.com/shorts/jjXF-KC9iWI How to earn while in college? Your child will be able to cover their costs while in college and gain valuable work experience that will benefit them in the long run. They will be able to avoid future debt by making some income themselves. Students have a lot of work opportunities at universities. Your child should find out about working at the school bookstore or as a (resident assistant) RA. College students may also be eligible for additional employee benefits from several nearby businesses. Ask them to think about applying for summer jobs if work becomes a burden while studying. 1. Daily money-saving strategies You can teach your child a variety of money management techniques to help them become more frugal while they are in college. Here are a few daily financial management techniques. 2. Meal plans Ask about the college's meal plans. Teach your child to make the most of what they have by using it to the fullest. They should buy snacks they could use the next day if they have any spare cash left. 3. Student discounts A student ID card has a lot more uses than just serving as identification, including various ways your child can use it to save money. You should advise them to call ahead the next time they want to go watch a movie, get school supplies, or go for a haircut to see if the business provides any student discounts for nearby college students. They will have access to all campus facilities, including the gym, pool, library, etc., with their student ID card. 4. Cooking at home Teach them how to cook and how to utilize ingredients. Cooking their own food will help them save a lot of money that they’d be spending if they ordered or went out for meals. These are great skills they will value for life. They can also make cooking a fun activity by inviting their friends over and trying out new recipes. 5. Public transportation If your child does not live close to their college, they should take public transportation instead of driving there. They will be able to save money and avoid the stress of crowded school parking lots thanks to public transport. They will also save on the cost of car insurance, gas, and university parking passes. FAQs How do I teach my child to manage money? Start with simple concepts like saving, spending, and giving. Use clear jars for each purpose. Set an allowance, encouraging saving for goals. Involve them in budgeting decisions. Teach about needs vs. wants. As they grow, introduce bank accounts, investments, and wise spending. Be a role model for responsible money habits. What are the best money management tips? Create a budget, track spending, and prioritize saving. Pay off high-interest debt. Build an emergency fund. Invest for long-term goals. Live below your means. Avoid impulse buying. Comparison shop and look for deals. Continuously educate yourself about personal finance. Regularly review and adjust your financial plan. How do I teach my 4-year-old about money? Introduce coins and their values through play. Use a clear jar to show savings. Associate coins with small rewards. Teach basic needs vs. wants. Keep conversations simple and age-appropriate. Use stories or games to explain money concepts. Be patient, reinforce lessons, and set a positive example of smart money choices. How can a 10-year-old save money? A 10-year-old can start by setting a savings goal, like buying a toy or game. Help them create a simple budget and allocate a portion of their allowance or gifts to savings. Use a piggy bank or a savings jar to visually track progress. Encourage patience and celebrate milestones together. Conclusion The main conclusion is that although college is expensive, there are ways to lessen the financial pressure. Early financial management in college will help your child set themselves up for success in the future. Money management will make it easier for them as well as you while they’re studying in college. If they have the basic knowledge of how to handle their finances before going to college, they will be able to do it stress-free and be able to learn better with time. TALK TO AN EXPERT

All investments are associated with risks. Yet, the risk is not uniform, and it's essential to be aware of the different levels of risks linked with all types of investment instruments. This is why the first thing to consider before investing is how much of a risk appetite has – how much risk one is willing to take. Want to know the best investment options for risk-averse investors but still generate good returns? Continue reading this article to know more! What is risk averse? Risk-averse refers to an investor who chooses to preserve the capital over and above its potential to generate returns that are higher than the average. Risk can refer to many factors – volatility, currency, market, credit rating, etc. Risk-averse can also refer to a conservative investor. Low risk symbolizes stability in investments. A low-risk investment generates guaranteed reasonable returns, if not outstanding, above benchmark returns. But chances are near zero that the principal investment amount will be lost. Whereas a high-risk investment option may gain or lose money over time. Risk-averse investors are unwilling to accept market volatility. They prefer their investments to be highly liquid - readily available to be withdrawn. Such investors usually include old investors or retired individuals who depend on their savings for their daily expenses. Start Investing in Mutual Funds Is FD a good option for risk-averse investors? One should constantly adjust their returns against the current inflation rate. The current Fixed Deposit interest rates are 5-7% p.a. on average. But the current inflation rates are around 6-8% p.a. Give these figures a thought. The price you pay for your everyday goods and services is rising at 6-8%, whereas your FD investments are growing at only 5-7%. FDs do not increase the value of your money over time. In fact, you actually lose money or its purchasing power over time. Do you think FDs are the safest investment option? Banks defaulting on payments is rare but definitely possible. The Deposit Insurance and Credit Guarantee Corporation (DICGC) guarantees Rs. 5 lakhs per person per bank if the bank defaults. Let's not forget the liquidity part of this instrument. Fixed deposits can have a lock-in ranging from 3-5 years. Banks penalize the investors for withdrawing money before the lock-in is over. This penalty is in the form of a reduction of interest rate by a certain percentage. Download App and Start Saving for Child Education What are the best investment options for risk-averse investors? The market is filled with many investment options for investors with varying risk appetites. Let's look at some of the best investment options for risk-averse investors: 1. Short-term bond fund The best alternative for investors who do not want exposure to FDs or volatile instruments. Short-term bond funds – bond funds with low maturity and a high potential to offer better returns. Debt Funds with longer maturity are subjected to interest rate risk. But short-term bonds have a lower interest rate risk as their maturity period is much lower. 2. Municipal and Corporate Bonds State and local governments and companies usually raise money by issuing bonds to the public. Bonds offer lower risk than stocks. When a company is winding up, the bondholders are given first preference in the payment and settlement order. 3. Other debt funds Other debt funds include banking and PSU Funds, ultra-short duration funds, Dynamic Bonds, etc. You could always invest a lump sum in these debt-based mutual funds and opt for a Systematic Withdrawal Plan (SWP). This would ensure that along with the returns being generated on your investments, you would also get a monthly income from these investments. This investment option is one of the best options for older people who want a monthly income. 4. Liquid funds Invest in top-rated liquid funds to avoid loss of capital with a higher degree of safety for your primary investment. Also, when the market moves up, your investment performs better and generates higher returns in line with the market. 5. Dividend growth stocks Stocks are not as safe as cash, savings, or other debt-based instruments. But they are safer than options and futures. Dividend-paying stocks are considered safer than high-growth ones as they minimize volatility, if not eliminate it. You don't depend on the value of the stock as you get a dividend as a regular income on your investment. Apart from debt-based investments, you could also apply a staggered investment approach in equity-based mutual funds for a long-time horizon. A periodically rebalanced portfolio helps you minimize your portfolio volatility and ensures efficient capture of up-market and down-market movements even with equity exposure.  Take the help of an Investment Advisor who will guide you through goal-based planning and help you choose the investments that are most suitable to your goals and objectives and your risk appetite. FAQsWhat type of investments do risk-averse investors prefer?  Risk-averse investors typically prefer conservative investments with lower volatility and more predictable returns. These may include government bonds, high-quality corporate bonds, certificates of deposit (CDs), and stable dividend-paying stocks. These options aim to preserve capital while providing modest growth, aligning with the risk tolerance of such investors.   What are 3 high-risk investments?  Three high-risk investments include investing in individual stocks of volatile and speculative companies, trading in cryptocurrencies known for their price volatility, and investing in startups or early-stage ventures that have higher failure rates. These investments offer the potential for significant returns but also carry a substantial risk of loss.   Which investment is the riskiest for investors?  Investing in highly speculative and unproven assets like cryptocurrencies, especially in lesser-known or new coins, can be among the riskiest options for investors. The volatile nature of these assets can lead to substantial financial losses due to sudden price fluctuations and lack of regulation.   Which investment has the highest return without risk?  No investment offers guaranteed high returns without any risk. Investments with potentially higher returns often come with varying degrees of risk. While some low-risk options like government bonds or savings accounts provide stability, they usually offer lower returns. Diversification and a clear understanding of risk are important for any investment strategy.  TALK TO AN EXPERT

Securing an education loan for abroad studies opens the door to a world of academic and personal growth. Let’s break down the process for getting educational loans for abroad studies and find out the eligibility criteria, documents needed, how to get an education loan, and much more. Education Loans for Abroad Studies In an increasingly interconnected world, pursuing education abroad has evolved from being a mere aspiration to a transformative experience. The exposure to diverse cultures, cutting-edge academic programs, and unparalleled opportunities for personal growth has made international education a sought-after endeavour. However, the costs associated with studying abroad can be overwhelming. This is where investment in education loans comes to the rescue, acting as a bridge between dreams and reality. https://www.youtube.com/watch?v=4gTQkdePOWM Are you eligible to get a study loan abroad? To be eligible, applicants often need to meet certain requirements that the bank has set. For instance, if you are applying for a study loan to study abroad from India then here are the basic eligibility criteria that you need to meet. The applicant must be 18 years old and an Indian citizen Co-applicants must be an Indian citizen Ability to offer collateral for certain cases Co-borrower(s) must have a bank account in any bank in India with cheque writing facilities Confirmed admission to the colleges before disbursement Admission Confirmation: Having an admission offer from a recognized foreign institution is a prerequisite for applying for an education loan. The institution's reputation and the chosen course play a role in determining loan approval. Co-Applicant/ Guarantor: Many lenders require a co-applicant, usually a parent or guardian, to share the responsibility of repaying the loan. The co-applicant's financial stability can influence the loan's terms. Collateral: Depending on the loan amount, lenders might ask for collateral as security. Property, fixed deposits, or other priceless assets can be used as collateral. Eligibility criteria differ on the basis of your nationality. Co-Applicant Education Loan Guide Read More How should you apply for an education loan abroad? Navigating the education loans for abroad studies application process can be overwhelming, given the multitude of options and procedural complexities. To get an education loan, you can visit public and private banks, find out the interest rate and start the process with your chosen provider. Rather than visiting all the banks, you can opt for an education loan counselor. An educational loan counselor is an expert who serves as an intermediary between aspiring students and financial institutions, helping them find the best loan options tailored to their needs. They streamline the loan application process, help with documentation, and get your fast approval. Education loan counselors can help you save both time and effort. https://www.youtube.com/watch?v=fufyFB9aMQI Documents you need for an Education Loan When applying for an education loan, the documentation process is a crucial step. Commonly required documents you must have: Loan application form Passport-size photos PAN card and Aadhar card Indian passport (if you are going abroad) Marksheets for 10th, 12th & Graduation Entrance exam results (like IELTS, GMAT, GRE, TOEFL, etc.) Offer letter or a conditional admission letter (if received) Work experience proof (if any) In the case of self-employed co-applicant 8-month bank statements of savings & current account 2- years ITR statement Collateral documents (if needed) In the case of salaried co-applicant6-month bank statements of the salary account of the co-applicant2-year ITR / FORM 16 co-applicant3-month salary slips Collateral documents (if needed) How to use Education Loan Calculator for abroad studies? An education loan calculator is a way to find out the monthly payments you will be making to close your student loan! An education loan for abroad studies is a huge responsibility and the calculator helps you find out the EMIs you will potentially be repaying, the duration of repayment, and the total payable amount after adding the interest. It’s very easy to use and can help you determine the future EMIs on your loan. For instance, you decide to take a loan of Rs. 25,00,000 at an interest rate of 10%. The decided loan tenure is 10 years. If you put all these details in an educational loan calculator, it will tell you the exact EMI amount, which is Rs. 33,038, the total payable amount, that is Rs. 39,64,522 along with the payable interest amount (Rs. 14,64,522) on top of the principal amount of Rs. 25 lakhs. An education loan calculator is a powerful tool that helps you prepare for the future, let's gauge the estimated costs you will be repaying and helps you budget for it in advance. What is the interest rate of education loans abroad? The interest rate depends on many factors. The interest rate of education loans for abroad studies is determined by the bank, individual profile, co-applicant history, and whether it’s a secured or unsecured loan. If you are applying with EduFund, you can get low and attractive interest rates starting from 9.85% with the top loan providers like Prodigy Finance, IDFC First Bank, ICICI Bank, Axis Bank, and many more. Things to Know Before Choosing an Education Loan Selecting the right education loan requires a careful evaluation of several factors: Interest Rate: The interest rate significantly impacts the overall cost of the loan. For the best deal, compare the rates provided by several lenders. Repayment Tenure: Longer repayment tenures might result in lower monthly installments but higher overall interest payments. Choose a tenure that aligns with your financial plans. Processing Fees: Understand the processing fees associated with the loan application. Some lenders might have hidden charges that could affect your repayment burden. Tax Benefits: In some countries, education loan interest payments are eligible for tax deductions. Familiarize yourself with the tax implications of the loan. Prepayment Terms: Check if the lender allows prepayment without penalties. This can help you save on interest payments if you have the means to repay the loan early Higher interest rate of education loans for abroad:  While investing in education loans serves as a lifeline for many students aspiring to study overseas, the interest rates can vary significantly. Factors like the bank's policies, the applicant's credit history, and the loan type (secured or unsecured) play a role in determining the interest rate, exchange rate fluctuations, repayment challenges in foreign currency, and the global economic scenario. https://www.youtube.com/watch?v=TJ4qgFj46Uw Importance of selecting the right repayment plan Choosing the right repayment plan for your education loan is a critical decision that can significantly impact your financial well-being post-graduation. Financial institutions often offer various repayment options, such as fixed, variable, or income-based plans. Understanding the nuances of each plan and aligning it with your future income projections and financial goals can ensure a smoother repayment process and alleviate undue stress. Partnering with EduFund: Shaping a Bright Future for International Education Pursuing education abroad is a transformative experience that opens doors to academic and personal growth. However, the costs associated with international education and education loans for abroad studies can be daunting. Amidst this process, EduFund stands as a reliable partner, offering attractive interest rates and partnering with esteemed institutions to make the dream of studying abroad a reality. EduFund provides access to a range of loan providers, each with its own interest rate structures. Keeping in mind that lower interest rates can significantly reduce the long-term financial burden, applicants should strive to secure the best possible rate for their circumstances. With EduFund's support, students can embark on their educational journey confidently, knowing that their financial needs are well taken care of. Talk To An Expert FAQs Can I apply for a loan before receiving the admission offer? It's recommended to have an admission offer in hand before applying for a loan, as lenders often require it for processing. What's the typical loan repayment grace period after completing the course? What's the typical loan repayment grace period after completing the course? Does a good credit score essential for loan approval? While a good credit score can enhance your chances of approval, some lenders offer loans to students with co-applicants who have strong credit profiles. What happens if I'm unable to secure a job immediately after completing the course? Some lenders offer extended grace periods or flexible repayment options for students who face challenges in finding employment Can I get a loan for living expenses in addition to tuition fees? Some lenders do offer education loans that cover both tuition fees and living expenses. Check with the lender for specific terms. An education loan for abroad studies bridges the financial gap between your aspirations and the realization of international education. EduFund aims to help you bridge that gap by offering low and attractive interest rates on your education loan. EduFund connects you with India’s top lenders, helps you compare loan plans, and even get collateral-free education loans up to Rs. 1 crore

United States is known for its top-notch universities, improved academic facilities, easy options for paying tuition to study in the USA, and incredible lifestyle. While tuition fees and accommodation are expenses most parents save for, there are many hidden costs of sending your child to the USA that you may have overlooked. Let’s look at how much you need to save to send your child to the USA! 6 Hidden costs of sending your child to the USA From visa fees to health insurance to flights, there are a lot of costs that parents do not consider while saving and investing in their child’s education. Let’s look at some hidden costs of sending your child to the USA: 1. College application fee A non-refundable application fee must be paid by students when submitting their application forms. The cost will vary depending on the university. However, the majority of application fees are in the INR 5,000 – INR 8,000 range. Cost of Studying LAW in the USA Read More 2. Entrance exams Depending on the degree studied, students needed to take and pass entrance exams. ExaminationsExam FeesMCAT₹25,000NEET₹1,600IELTS₹15,500TOEFL₹14,200GRE₹17,000GMAT₹20,000SAT₹7,700 3. Fees for SEVIS The Student and Exchange Visitor Information System (SEVIS) is a database that houses all data on international students, including their main reasons for visiting the United States. They will share the SEVIS number on the I-20 with your child once they’ve been admitted to their ideal university. Before submitting the paperwork for a visa application, students need to pay the SEVIS cost, which is around ₹28,000. Apply for Education Loans to Study Abroad 4. Visa Application Fees It is typical for students to apply for an F1 visa alone. Students who enroll in undergraduate, graduate, or study courses with more than 18 hours of study time each week should take note of this. Students have to pay a visa application fee of between ₹10,000 and 15,000. 5. Health Insurance One of the most crucial things to think about when estimating the study costs in the USA is health insurance. It is more economical for your child to receive medical care in the nation if they have health insurance. In the USA, getting health insurance costs between ₹40,000 and ₹80,000 a year. 6. Flight tickets The cost of the airfare ranges from ₹30,000 to 1,05,000 one-way to the US. This amount may vary depending on the type of journey taken, the airline chosen, the dates of booking, the location from which you're departing, the location in the United States where your child will be landing, etc. Invest in US Market Cost of studying in the USA One of the most significant and initial costs of studying in the united states is the tuition fees. Our college cost calculator estimates the average tuition for an undergraduate program in the USA to be between ₹1.6 to 1.9 crore. The cost of attending an American university varies depending on several variables, including the course, chosen, the kind of degree program, the type of university, etc. The USA offers a variety of scholarship alternatives to international students who are struggling financially. Students can apply for the best scholarship based on the criteria. Most regular costs like tuition, living expenses, etc. Are covered by these scholarships. https://www.youtube.com/shorts/AokbOsD5nC8 Living costs for students in the USA The price of living in the US is the next element that affects how much it will cost Indian students to study there. The cost of living in the USA typically ranges from 70 lacks to 1 crore. The place your child chooses to reside in the United States, the type of accommodation, the mode of transportation they use to get around, the restaurants they frequent, and most significantly, the lifestyle they lead, all affect the cost of living. Yearly living expenses include paying for apartment housing including utilities (₹13 - 14 lakhs), food (₹5 - 6 lakhs), dormitory housing (₹6 - 9.5 lakhs), food for dormitory (₹1.6 - 2 lakhs), books and supplies (₹65,000 - 75,000), and miscellaneous expenses (₹5 - 6 lakhs). Check out our college cost calculator to find out the cost of studying in the USA! It becomes simple to enjoy the academic and cultural life in America if your child can control the tuition they pay while studying there. The USA has consistently been ranked among the top places for studying abroad, and now that you know how much it would cost you to send your child to college there, it will be simpler for you to arrange their expenses. FAQs What is the cost of college applications for US universities? However, the majority of application fees are in the INR 5,000 – INR 8,000 range. Some universities do not charge application fees whereas some are willing to refund the application fee if you meet their criteria. What is considered a hidden cost or charge of studying abroad? Hidden charges or implicit charges are those that parents or students have to pay for once they start the application process. These costs are not accounted for as the actual cost of attendance and are costs or expenses that one has to bear in order to start the process. For instance, application fees, test exam fees, visa fees, health insurance, travel insurance, and even fights. What are some hidden charges for sending your child to the USA? Here are some hidden costs of sending your child to the USA for higher education: College application fee Entrance exams Fees for SEVIS Visa Application Fees Health Insurance Flight tickets