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What is the right time to invest in mutual funds? 

What is the right time to invest in mutual funds? 

Planning the investment journey is an important decision that one makes in their lifetime. All of us invest to achieve important goals such a buying a house, buying a car, financing children’s education, getting married, retirement planning and many more. Apart from the financial element here, these goals are also emotionally important to us. As such, we make sure to put in the best research and invest our money. Mutual funds are a popular choice amongst investors, given their returns, liquidity and professional management. An important question that comes up in the minds of us investors here is, ‘What is the right time to invest in mutual funds? At the outset, let us answer this question – the moment you decide to start your investment journey is the right time to invest in mutual funds. Before we delve further into this, it is important we understand more about mutual funds. Let us begin with the basics! Investment in mutual funds can be done in 2 ways! SIP - Systematic Investment Plan   Lumpsum.  SIP – is a pre-decided amount that will be deducted periodically from the registered bank account on the specified date.  Lumpsum: a single sum of money, typically invested at one time rather than in smaller, periodic instalments.  Now let us look at the parameters that one should bear in mind before planning their investments (Note: these parameters are not all-inclusive but are among the important ones).  Purpose of Investment:  When you start investing; the investment objective should be clearly defined. Distinguish if your goal and its time horizon are definitive or flexible. If you aim for higher long-term returns, you should be open to taking on more risk and might consider investing in pure equity funds. On the contrary, if your goal is capital protection, you can consider low-risk investments that offer relatively lower returns.  Investment Horizon:  Different categories of mutual funds are available depending on your time horizon, with debt funds suitable for short-term and pure equity funds for a long-term horizon. Mutual funds do not come with any lock-in period except ELSS funds, which have a lock-in period of three years. An aggressive or riskier portfolio can be built if your investment horizon is longer, but if your investment horizon is relatively shorter, then conservative funds are more apt.  Let us understand the different horizons (Note: these serve only as a general point of reference and can vary based on personal factors)  Short-term Investment Horizon: The short-term investment horizon refers to an investment expected to last about one to two years. This investment would be appropriate for investors whose retirement is near, may need large sums of cash soon and need to park their money. Debt funds can be a suitable choice for this type of horizon as they are relatively less risky and can be liquidated more easily.   Medium-term Investment Horizon: The medium-term investment horizon refers to an investment expected to last about three to six years. This investment would be appropriate for investors who want to save for their personal goals such as buying a car, school/college fees or marriage. Given a medium-term horizon, hybrid funds can be considered suitable investments as they provide exposure to both equity, which provides higher return potential and debt, which provides portfolio stability.  Long-term Investment Horizon: The long-term investment horizon refers to an investment expected to last six or more years. Goals such as wealth creation, buying a house and a child’s education planning are generally considered long-term. Pure equity funds are appropriate instruments in the long term as volatility smoothens out, providing balanced risk-adjusted returns.   Risk tolerance: Every fund has different risk characteristics. Few asset classes are risky, such as pure equity funds, whereas other asset classes, like debt funds, are relatively less risky. Depending on its category and style of management, each mutual fund carries a unique amount of risk. An investor should decide which asset he can invest in depending on his risk appetite and financial ability.  Coming back to our primary argument of ‘What is the right time to invest?’ and why it is advisable to start as early as possible. The answer is simple – Compounding. Postponing the investment diminishes the power of compounding.  Let us understand the power of compounding with a simple example of three friends who invest Rs. 2000 per month. Their retirement age is 60, but they start investing at different ages.  Person Age Investment term (years) Investment Amount (INR) Future Total Value at Retirement (INR) A 25 35 8,40,000 1,29,90,538 B 30 30 7,20,000 70,59,828 C 35 25 6,00,000 37,95,270 Source: EduFundNote: Assumed rate of return is 12% p.a.  Even though they have all earned the same rate of returns per annum on their investment, A, who started investing early, has a considerably higher corpus at retirement. Another surprising fact is if ‘A’ stops his SIP when he is 55 (i.e. a 30-year period) and leaves that amount to compound till he is 60, he still would have a higher corpus than ‘B’ and ‘C’ of Rs. 1,24,41.828. Therefore, starting the investment journey early is a boon if you want to build a considerable corpus for your financial goals.  Join our WhatsApp community to learn more! To conclude, there is no perfect time that is ideal for an investment. We should cultivate the habit of investing regularly and with discipline. The two mantras to achieve your financial goals are: The best time to invest is now, and the best way to invest is regularly.  Start Early, Invest Now!
Which investment is best for your child’s future? 

Which investment is best for your child’s future? 

Financial planning is crucial when discussing the ideal investment to secure your child's future. Parents strive to provide their children with the best financial stability. Rightly planning out costs and selecting suitable investment options is one of the most effective techniques for achieving this goal.   The cost of education in India has been rising significantly. Studies suggest that the inflation in the education sector has been between 11-12 % annually over the last decade. These figures indicate that the costs of school can double every six to seven years. Creating a robust financial cushion is the best approach to beat this growing education inflation. Several options in India are designed specially to cater to the needs of children.   Investing in your child's future is a significant responsibility of a parent. It is crucial to make informed decisions while selecting any option. Here are the investment options available.  Sukanya Samriddhi Yojana: This Yojana is a government supported initiative and it was launched as a part of the “Beti Bachao, Beti Padhao” campaign. Here, the investment value is a Minimum of 250 and a Maximum of 1.5 lakh per annum. The current interest rate is 8.2% per annum. The maturity duration is 21 years from the account opening or upon the daughter's marriage. Investors get tax benefits under Section 80C, and also the interest and maturity values are tax-free.  Real Estate: Apart from investing only in property, one can now invest in REIT (Real Estate Investment Trust) and Real Estate Funds. Investing in REITs provides substantial dividend income and delivers steady capital appreciation over the long term.  Gold: Indian households are famous for investing in physical gold. Alternatively, parents can also choose between gold ETFs and sovereign gold bonds (SGBs) as a promising avenue for long-term investment. These avenues can be more profitable than physical gold as one saves costs on making charges and misses out on the 2.5% annual interest received on SGBs (2023-24 series IV SGBs).   Bank deposits: Historic tools of investment available in the market to earn regular and steady returns. Parents can invest for a more extended period; however, the return on it will not beat the rising inflation with the nominal return it delivers.  Mutual Funds: In mutual funds, we have options based on individual financial position, time horizon and risk tolerance. Equity mutual fund investments rank high among children's investment plans. As we know, mutual funds deliver better returns than other investment options available in the market. Historically, it has provided 12%-15% annualized returns.   Join our WhatsApp Community! We'd like to point out that mutual fund investments offer distinct advantages over real estate, gold, and fixed deposits. They provide diversification, liquidity, and professional management, reducing risk while potentially offering higher returns. Unlike real estate, mutual funds require a lower initial investment and entail no maintenance costs. Compared to gold, they tend to offer greater returns and accessibility. Additionally, mutual funds typically outperform fixed deposits, offering the potential for inflation-beating returns over the long term.  With proper planning and strategies as an investor, one can make decisions that accurately reflect investing goals. An investor can set a step-up SIP to get better returns. With mutual funds, the longer you stay invested, the better you will get.  Learn about asset allocation in 2 mins! Benefits of investing in a mutual fund Mutual funds are managed by fund managers who have professional expertise. A fund manager continuously monitors the investors' investment and rebalances the portfolio to meet the objectives.   Mutual fund investments offer an easy way to diversify your investment portfolio. With the benefit of diversification, the risk associated with one security is countered by others. By investing here, investors will ensure they are not putting all their eggs in one basket.  For many investors, investing directly in an asset class requiring large amounts can be daunting. A mutual fund provides the benefit of investing in small amounts. An investor can start investing with as little as 100 rupees investment in a mutual fund.  Mutual funds are also on the liquid end of the spectrum; an investor can redeem the amount quickly if required. Redemptions are settled on a T+3 basis. Mutual funds also provide tax benefits under section 80C of the Income Tax Act, 1961, if you choose to invest in ELSS funds. Mutual fund investments are tax-efficient when held for a longer period.  Join our WhatsApp community to learn more! If you read this, you would have understood that there is no single definition of 'best investment for kids'; instead, it is based on your future financial requirements, time horizon, and risk appetite. As a parent, remember to diversify, rebalance, and reallocate your investments periodically. Doing this will significantly reduce the effect of market volatility on your portfolio. If you are a young parent and starting the investment journey for your kids, consider investing in equity as an early investor to get relatively higher returns. Remember to bring discipline to savings and stay invested for the longer term.  If you are a parent looking for the best investment options for your kid's future, you are at the right place. Please book your meeting and connect with our wealth advisor.   Happy investing! 
Money Saving Tips for Housewives!

Money Saving Tips for Housewives!

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

Boarding School or Day School: Advantages and Disadvantages

Your child needs a good school to be educated and gain skills to manage life challenges and become a better person. But it's tough to decide which is the best school for your child. The dilemma strikes between choosing a boarding school or day school.  The boarding school or day school debate is not new but is an essential pillar to choosing what is best for your child. Before we compare both the categories, let us have an understanding of what a boarding school and a day school are.  What is a Boarding school? A boarding school refers to an academic institution where students can stay full-time and do all their school activities. The students and teachers both stay within the school campus in their particular hostels.  A boarding school pays attention to holistic student development apart from academics. There are also girls-only or boys-only boarding schools within India that cater to the education of a particular gender.  Best International Boarding Schools in India Read More What is a Day school? A day school refers to an educational institution where students study within their particular classes throughout the day hours. They involve themselves in all the co-curricular, sports, and academic activities while staying in their houses.  The general day schools run from morning and go up to afternoon when teachers impart education with the primary focus of polishing the academic background of the students. Once school is finished, students can go back to their respective homes and spend time with friends and families.  Benefits of Day Schools Read More Boarding school or Day school? Boarding school and day school debate has been constant in the field of education. As the two institutions of giving education are different, parents often remain conflicted when it comes to choosing a school for their child.  The central and most important aspect of education refers to the round development of students. It is something that both these schools and boarding schools can ensure. But, there is an additional breakdown of boarding schools or day schools that may just help you make an informed decision as a parent.  Pros of Boarding school Let us begin by taking a look at the advantages of a boarding school for your child:  A boarding school provides round-the-clock development and education. They are strict about homework so you can rest assured that your children are getting it done in an environment free from destruction.  Boarding schools help foster independence. It cultivates self-reliance and gets the children used to the concept of staying away from home.  It is a perfect solution when it comes to busy parents. It provides the ideal solution for career-concentrated parents who are conscious that their kids are adequately supervised and encouraged to take part in many out-of-school activities.  Cons of Boarding school Now, let us understand the disadvantages of boarding schools:  Homesickness is going to strike the students at some point. They will stay away from home in an unfamiliar environment for the first time and it will take some time for them to get used to the new situation.  The cost of boarding schools is significantly higher. It costs a lot more than day school.  Parents think that they will be less involved in the upbringing of their children. They will relinquish many decisions that they would normally consider about their child. Pros of Day school Let us turn our attention to the day schools now. Here are some of the advantages:  You are going to see your kids every night and every morning when they wake up. Your kids can discuss any concerns with you.  The cost of day school is much more affordable than boarding school. It is one of the major arguments when it comes to the favor of sending your kids to day school apart from boarding school which is quite cheaper.  Cons of Day school What comes with advantages also comes with some disadvantages. Here are some of them:  Day school puts more demands on your time. This indicates that if you are a career-oriented person it will make it challenging for you to put the required time into taking care of your children.  Day schools also anticipate more parental involvement in parent-teacher meetings and other such occasions.  Daily transportation costs and daycare activities are other factors to consider when sending your child to a day school. How to make a decision: Boarding school or Day school? If money is not a restriction for you and you look forward to your kid being entirely immersed in the educational environment, a boarding school has much more to offer and is worth considering. On the other hand, a day school is the right option for you if you want to be more involved in daily educational activities!  FAQs Is boarding school better than day school? Boarding schools are a great option for parents who are constantly moving and want to offer their kids stability. Boarding schools provide a holistic learning environment and can do wonders for your kids' routine and, development growth. Both have their advantages and disadvantages, based on your preference you can opt for the type of schooling that agrees with your kid and your lifestyle. What are the advantages of day school than boarding school? The biggest advantage of day school is that your child can spend more time with you at home. They can develop hobbies after school, enroll in classes, and even develop social skills and networks separate from their school life. Is boarding school good or bad? Boarding schools have their pros and cons. Pros: They are great learning institutes that teach independence, and routine and contribute greatly to one's development and growth. Cons: Students may experience peer pressure, and separation anxiety and may experience loneliness because they are away from their parents and family.
Top Boarding Schools in Switzerland for International Students | Fees Listed

Top Boarding Schools in Switzerland for International Students | Fees Listed

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

India's Priciest Schools: Top Picks

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

Guide to Spending Wisely: College Student Edition

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

What is the cookie jar method of investing?

Earlier we talked about what are the top 10 best investment options in India. In this article, let's look into what is cookie jar method of investing is. There are many rules of investing that help investors make good money. The cookie jar investing method allows you to pour your savings and investments into different areas (called jars) for specific purposes. The technique aims at allocating money purpose-wise for disciplined and continuous investment.   The multiple buckets of investments are earmarked for different purposes. You can consider it to be just like a child saving pennies in jars to buy their favourite toys.  What is the logic behind the cookie jar method of investing?  The Mental Accounting method’s logic is applicable here this enables you to mentally allocate and distribute your savings into different buckets and invest accordingly. This way your expenses can also be managed efficiently as you do not spend for one goal out of the savings you collected for another goal. When you have varied goals in life, you need to prepare for those goals in different ways with special efforts towards achieving those goals. Once these steps are taken, everything gets very simplified.  Once the goals are specified, the next step is to find which investing instruments will be favorable and for which purpose.   This needs careful consideration because the kind of instruments you invest in will determine how much returns will be generated in the future. This separation of funds for investing towards specific purposes is termed bucketing.   Once your investments are aligned with your goals, you will be able to get good returns.  Example to understand the cookie jar method of investing Consider that you have these three goals  First, to buy a costly smartphone this year Second, to buy a car worth 4 lakhs in the next five years  Third, to pay for your child’s education after 15 years Since it is a concise term for your first goal, you can save some cash from your salary and buy the smartphone soon. To buy a car, you need to put the required monthly investment amount into a semi-liquid type of fund, like debt funds or even ETFs with stable returns. This will help you save enough money to buy your car after five years.   Finally, the last goal, funding your child’s education after 15 years, is a mammoth task because it actually is a more costly affair than you first imagine it to be. So you must plan this investment with utmost care and invest early and in instruments that serve this purpose well. How to use the cookie jar method for investing? Similar to how budgeting works, for saving too, you should ideally create jars for separate objectives. For example - Emergency Fund, Wedding Fund, Children's Education Fund, Retirement Fund, etc. 1. Emergency fund It is meant for any unforeseen situation that may arise. The Thumb rule says it is good to have three months of expenses as an emergency fund for your rainy days. This money should be in liquid or fixed deposits and safe from volatility. 2. Retirement fund Plan for your retirement when you start earning. You will thank us later. If you start at 25 and assume you have 35 years ahead of you to work before retiring, a small monthly contribution can help you save big. But if you start late, the monthly contribution for the same amount will be exorbitantly high. Goal10 Cr10 CrTenure35 yrs20 yrsSIP/monthRs 6,750Rs 67,500Returns15%15% Similarly, it would help if you planned for other goals such as a car, house, child's education, child's marriage, holiday, etc. These can become your separate jar and would be dedicated to that specific goal. FAQs What is the cookie jar approach to investing? The cookie jar investing method allows you to pour your savings and investments into different areas (called jars) for specific purposes. How do you use cookie jars? Consider you have a goal of buying a car in the next 5 years. To buy a car, you need to put the required monthly investment amount into a semi-liquid type of fund, like debt funds or even ETFs with stable returns. This will help you save enough money to buy your car after five years.  This approach to investing is called cookie jars when you see each goal differently. What is the logic behind the cookie jar method of investing?  The Mental Accounting method’s logic is applicable here this enables you to mentally allocate and distribute your savings into different buckets and invest accordingly. This way your expenses can also be managed efficiently as you do not spend for one goal out of the savings you collected for another goal. What financial goals can you use the cookie jar investing approach? You can use it for long-term and short-term goals. Whether it's buying a car or financing your child's education, you can have a separate jar and investing approach based on how much you need, when you need it, and your risk profile. Need help planning and saving towards your child's education? Consult an expert advisor to get the right plan TALK TO AN EXPERT
What is there in the Budget for F.Y. 2024-25? 

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

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

Expenses under Education Loans

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

Tips to Get Education Loans for Abroad Studies

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 16 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 facilities and a good credit history. 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 and international lenders, 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 the 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% 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!
A comprehensive guide on applying for an Education Loan with EduFund

A comprehensive guide on applying for an Education Loan with EduFund

India has the largest youth population in the world. In the past few years, a tremendous number of students have joined higher education and a majority rely on education loans for paying the fees and cost of living. The demand for education loans has spiked up making the process more selective for the average Indian student. To make this process easier and less burdensome, apply for an education loan with EduFund is the answer. Here is a step-wise guide on securing the right loan for your college degree.    https://www.youtube.com/watch?v=gbPJ_XjILUA Understanding EduFund Before we embark on the journey of understanding the application process, let us take a moment to familiarize ourselves with the ethos and mission of EduFund. As a trusted and reputable education planning platform, EduFund is deeply committed to empowering students by bridging the financial gap between their aspirations and the resources needed to achieve them. EduFund offers 3 different financial products to help Indian parents and students achieve their dreams: Investments in the Indian market, Scholarships, and Education Loans. Benefits of applying for an education loan with EduFund 1. Research and planning The first and foremost step in successfully applying for an education loan with EduFund is conducting thorough research and meticulous planning. This initial phase involves exploring EduFund's website in detail, where you will find a wealth of comprehensive information pertaining to their loan offerings, interest rates, repayment options, and eligibility criteria. Take the time to carefully peruse the website and make note of any specific requirements or documents needed, based on the course or institution you intend to pursue. 2. Eligibility criteria EduFund's education loan program has been thoughtfully designed to cater to a wide range of students hailing from diverse backgrounds. To determine your eligibility, it is imperative to take into account various factors such as academic performance, the chosen course and institution, financial background, and any collateral that you may be able to provide. By thoroughly reviewing these criteria, you can ensure that you meet the necessary requirements before proceeding with the loan application process, thereby maximizing your chances of approval. Apply for Education Loans 3. Online application process EduFund has meticulously crafted an intuitive and user-friendly online application process, ensuring that applying for an education loan is a hassle-free and accessible experience for all prospective borrowers. To initiate the application process, simply visit the EduFund website and navigate to the dedicated loan application section. Once there, fill in the required information accurately, providing comprehensive details pertaining to your personal information, academic background, the course you wish to pursue, and an estimated cost of education. https://www.youtube.com/watch?v=4gTQkdePOWM 4. Document submission Once you have completed the online application, the subsequent step entails gathering and submitting the requisite documents. These documents may include proof of identity, address, academic records, admission letter from the educational institution, an estimate of the cost of education, income proof of co-borrower (if applicable), and any collateral documents, should you possess them. It is of utmost importance to ensure that all the documents are properly attested and prepared for submission, as this expedites the loan processing and verification stage. https://www.youtube.com/watch?v=fufyFB9aMQI 5. Loan processing and approval Upon receipt of your application and accompanying documents, EduFund promptly initiates the loan processing and verification procedure. Their team of experienced professionals meticulously assesses your application, verifies the provided information, and evaluates your creditworthiness. It is crucial to note that this process may take a few weeks, as EduFund adheres to a meticulous and diligent approach to ensure a fair and accurate assessment. During this period, it is essential to maintain open lines of communication with EduFund, remaining proactive and responsive to any updates or additional requirements that may arise. https://www.youtube.com/watch?v=tdwqQH0xkFw 6. Loan disbursement and repayment Congratulations! Upon approval of your loan application, EduFund proceeds with the disbursement of the loan amount directly to the educational institution, in accordance with the agreed-upon disbursement schedule. It is imperative to familiarize yourself with the terms and conditions of repayment, including the interest rate, repayment tenure, and monthly installment amounts. EduFund prides itself on providing flexible repayment options, tailored to suit your individual financial capabilities. Additionally, they offer a grace period for repayment, allowing you to settle into your post-graduation phase before commencing repayment in earnest. 7. Regular communication and support Throughout the entire loan application and repayment process, EduFund places great emphasis on establishing and maintaining regular and transparent communication with its borrowers. Their dedicated customer support team is readily available to address any queries, concerns, or updates that you may have. It is highly recommended to remain in close contact with EduFund and promptly inform them of any changes in your circumstances that may potentially impact the repayment of the loan. By fostering open lines of communication, you can ensure a smooth and mutually beneficial partnership with EduFund. Applying for an education loan with EduFund is an empowering and transformative step toward realizing your educational dreams. No hidden fees or processing hassles, you get the right education loan for your degree without the daily bank visits! CONNECT WITH OUR STUDY ABROAD EXPERTS
Real truth behind winning scholarships!

Real truth behind winning scholarships!

With the cost of studying overseas rising higher, students dream of winning a scholarship that would cover their fees and overseas stay. But there are some truths about winning scholarships that you should be aware of if your child is planning to travel for studies abroad. There are several misconceptions surrounding winning scholarships, such as your child needs to be a straight A student or athlete. However, there are many scholarships available for minorities, meritorious individuals, athletes, and many others. Apply for Scholarship Program Tips on how to beat high school fees! https://www.youtube.com/watch?v=j5uKaYCAbco&t=2s The truth about winning scholarships https://www.youtube.com/watch?v=Motf8zBtf4c 1. Only for the Meritorious Being a straight A-student is not enough to win a scholarship. While good grades do help, international universities look for the all-round development of the student when considering applicants for scholarships. 2. Extra-curriculars matter Scholarships for students with extracurricular achievements. There are separate scholarships for students with accomplishments in sports, theatre, music, art, and volunteering activities. Most Indian students are unaware of these options and miss out on going to a great university thinking that a lack of ‘A grades’ means no scholarship. 3. Minority Scholarships Check if you qualify for the many minority scholarships. These are usually categorized under gender, race, and sexual orientation. There is a lot of impetus being given to women in the STEM fields, and there are Scholarships for Asian students that your child may qualify for. So make it a point to explore the many options available out there today. 4. Different types of scholarships There are scholarships for students from every stratum of society, not just the economically backward. Do your research and see which categories of scholarships your child is eligible for. Apply for as many as you can. This will improve your chances of winning the scholarship. 5. Country-specific scholarships In most countries, universities offer government and private scholarships. In most cases, government scholarships are reserved for students of the said country. But if your country of origin has diplomatic arrangements that facilitate higher studies across borders, there may be scholarships reserved for you. Make sure you check these out. 6. Need-based scholarships Some colleges review need-based benefits for students who enroll under scholarships. This could mean that if you get a scholarship, you may be denied other need-based benefits at the university. This may make you rethink your scholarship application. But you don’t have to. If you are really in need of the money, present your case to the university, and they often have the flexibility to sanction funds along with the scholarship if need be. 7. Competitive Don’t be put off by the effort required to apply for scholarships. Of course, you and your child will have to put in hours of research, meet the eligibility criteria, draft applications, send them out, follow up for confirmation of receipt, and submit a host of documents but you will find it is all worth it. The scholarship pay-out as the reward makes all the effort meaningful. Once your application is drafted, you can usually rework it slightly and apply to multiple colleges. So don’t shy away from the effort. You could save some serious money in the bargain. 8. Partial Funding Not all scholarships do not cover the cost of your entire study. This is one harsh truth of winning scholarships that people find out later in life most scholarships only cover a portion of your expenses. Some scholarships cover one-year tuition costs, some cover accommodation, and flight expenses while some may cover your books and research apparatus. Take the example of the Rhodes scholarship, it covers Oxford University course fees and gives an annual stipend. It does not cover the cost of your accommodation or living expenses.  While it would be great to win scholarships for study abroad, it is something you cannot count on. The parameters of the scholarships and academic and non-academic requirements of the universities are constantly being tweaked and upgraded. Keeping these variables in mind, it is important that you start saving for your child’s overseas education well in advance through various investment instruments. Apply for EduFund Scholarships! Some scholarships for Indian students Invest wisely and build an adequate education fund so that when your child finally does win the scholarship, it will be a delight and a bonus! You will have extra funds to use for other aspects of your child’s growth with what you would have saved. Learn More About Scholarships by EduFund! https://www.youtube.com/shorts/9Xy8ucfqczY FAQs What should I do to win a scholarship?   To increase your chances of winning a scholarship, start by researching available scholarships and their eligibility criteria. Then, focus on maintaining a strong academic record, participating in extracurricular activities, volunteering, and writing compelling scholarship essays. Make certain that you meet all application deadlines and conditions.  Is it hard to get a scholarship in Canada?   Scholarships in Canada are available for both domestic and international students. The competitiveness of scholarships can vary, with some being highly competitive, while others are more accessible. To improve your chances, maintain good academic performance, research scholarship opportunities, and meet application requirements diligently.  Which scholarship has the highest amount?   The scholarship with the highest amount can vary significantly by country and institution. Prestigious international scholarships like the Rhodes Scholarship, Fulbright Scholarship, or Gates Cambridge Scholarship often offer substantial financial support for studies abroad. The specific amount can change from year to year.  Is there any chance to get a scholarship?  Yes, there are numerous scholarships available for various categories of students, including academic achievements, financial need, specific fields of study, and more. Your chances of getting a scholarship depend on your qualifications and how well you match the scholarship criteria. 
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