How to start sip investment on the EduFund app?

SIP is a Systematic Investment Plan that allows one to invest a fixed small amount every month in a preferred mutual fund scheme.   For example, if you save ₹5000, subtracting all other discretionary and necessary expenses from your income, you could contribute it to a SIP fund. Setting up a SIP, the particular fund gets …

How much should you borrow in student loans?

Student loans (commonly known as education loans in India) are a financial tool to help students pursue higher education. The biggest question to ask before availing of any loan is how much should you borrow in student loans. This is because taking on a loan is a huge responsibility; you need to pay the monthly …

Scholarships in Singapore to fund your child’s college

The city-state of Singapore is an ideal destination to pursue higher education. The state-of-the-art standards of education, a solid focus on the research base, and an exceptionally high standard of living attract students from around the world. There are hundreds of scholarships in Singapore to fund your child’s college and ensure quality education. Why consider …

Complete guide: Ways to save money in a middle-class family?

Saving money in a middle-class family is stressful. Lack of finance knowledge, poor budgeting, relying on a single-income family member, and increasing prices of daily goods and services are some of the biggest barriers to saving money in a middle-class family.  Another core barrier is saving in FDs over investing. Most Indian middle-class families prefer …

Ultimate guide: Financial mistakes you are making as a parent

It’s crucial to raise children and make plans for their future. However, it may be difficult to balance a family’s requirements and aspirations with considerations like savings, pensions, and budget. In this blog, we will address the financial mistakes you are making as a parent. 1. Not tracking finances It is challenging to set aside …

What is the minimum amount to invest in mutual funds?

For a new investor, the question that pops up the most is what is the minimum amount to invest in mutual funds? There are numerous types of mutual funds available in the market, all with varying minimum investments. Many of these mutual funds have a minimum investment requirement to be a participant, to ensure enough …

What is Collateral? How does it work?

Collateral is an item that a lender will accept in exchange for a loan. Collateral may take the shape of real estate or other assets, depending on the loan’s intended use. The collateral acts as a form of insurance for the lender.  In other words, if the borrower misses a payment on the loan, the …

How to avoid foreign education scams?

Every year thousands of Indian parents send their children abroad to study in hope of a better future. Planning this mega event is tedious and expensive, any obstacle in this plan can potentially delay your child’s future plans. Scams are one of the biggest obstacles. Let’s find out what are some major foreign education scams …

What are short-term goals? Benefits of short-term goals

Individuals should be aware of “short-term goals” as they are valuable in achieving long-term ambitions and stability.  Short-term goals are referred to as productive and doable plans as their tenure is very short, and it is easy to achieve them. They act as a viable bridge between where an individual is and where they want …

FD vs Savings account? Which one is better?

FDs and savings accounts are the two most common investment options for common masses. These are bank accounts that help individuals to deposit their surplus funds.  Both FDs and savings accounts are financial instruments that offer safe and stable returns. To understand which is the better option among FD vs savings accounts you have to …

Start your Journey with us Today!

Open your account today and find out how easy it is to invest in your child’s secure future!

Google Play store Apple Logo
Close
Mobile Mockup