Tag Archives: finance

One of the largest AMCs in India, DSP has been helping investors make sound investment decisions responsibly and unemotionally for over 25 years. DSP is backed by the DSP Group, an almost 160-year-old Indian financial giant.  The family behind DSP has been very influential in the growth and professionalization of capital markets and the money management business in India over the last one-and-a-half centuries. https://www.youtube.com/shorts/35bgR0Abv4w Let us talk about the consumer product – DSP Small Cap Fund.  About the DSP Small Cap Fund  Investment objective: The primary investment objective is to seek to generate long-term capital appreciation from a portfolio substantially constituted of small-cap companies' equity and equity-related securities.  Investment process:  DSP Small Cap Fund invests in some of the smallest, fastest growing & innovative Indian companies.   It considers companies with strong business models in high-growth sectors and efficient management teams focused on utilizing resources wisely to unlock high-growth potential eventually.  Some of these companies could be just starting out and still in the early stages of proving their business plans- generally under-owned, under-researched & under-valued.  Portfolio composition:  The portfolio holds significant exposure in small-cap stocks at 86%, and major sectoral exposure is to Industrial Products, which account for roughly 14% of the portfolio. The top five sectors hold more than 50% of the portfolio.  Note: Data as of 28th Feb. 2023. Source: DSP MF  Top 5 Holdings for DSP Small Cap Fund Name Weightage % Cyient Limited 4.09 Suprajit Engineering Limited 3.66 Ratnamani Metals & Tubes Limited 3.56 Triveni Engineering & Industries Limited 3.29 K.P.R. Mill Limited 2.95 Note: Data as of 28th Feb. 2023. Source: DSP MF  Performance:  If you had invested 10,000 at the fund's inception, it would now be valued at Rs 1,09,789.   Note: Data as of 28th Feb. 2023. Source: DSP MF  Since its inception, the fund has generated a CAGR (Compounded Annual Growth Rate) of 16.46% Fund Manager  Vinit Sambre has been managing this fund since June 2010 as a Co-Fund Manager. Vinit joined DSPIM in July 2007 as Portfolio Analyst for the firm's Portfolio Management Services (PMS) division, which manages discretionary accounts and provides advisory services to institutional clients. As a research analyst, he focused on sectors like Pharmaceuticals, Power Utilities, Chemicals, Fertilizers, and Textiles. Vinit specializes in the small and mid-cap space and has over 16 years of relevant work experience. Vinit is a Chartered Accountant from the Institute of Chartered Accountants of India.  Resham Jain has been managing this fund since March 2018 as a Co-Fund Manager for the Equity portion. Resham joined DSP Investment Managers in March 2016 as Assistant Vice President of the Equity Income Team. He has over nine years of experience. Before joining DSP Investment Managers, he worked for B&K Securities (I) Private Limited, Jaihind Projects Ltd & Arvind Ltd.  Abhishek Ghosh has been managing this fund since March 2013 as a Co-Fund Manager. Abhishek has a total work experience of 14 years. Abhishek joined DSP investment managers in September 2018 as Assistant Vice President of the equity team. His prior experience includes working in Motilal Oswal, IDFC Securities, BNP Paribas, B&K securities, and Edelweiss Financial Services. He has an MBA in finance and holds a Bachelor's in Electronics Engineering.  Jay Kothari has been managing this fund since March 2013 as a Co-Fund Manager. Jay Kothari, Vice President & Product Strategist -Jay has been with DSP Investment Managers since May 2005 and has been with the Investment function since January 2011. Before joining DSPIM, Jay worked for Standard Chartered Bank for a year in the Priority Banking division. Jay completed his Bachelor of Management Studies (Finance & International Finance) from Mumbai University and an MBA in Finance from Mumbai University.  Who should invest in DSP Small Cap Fund?  Consider this fund if you  Are you looking to tactically allocate 10-15% of your portfolio to high-risk opportunities?  Understand that very high risk is involved in this category of funds in the quest for high returns.  Have the patience & mental resilience to remain invested for a decade or more.  Recognize market falls as good opportunities to invest more.  Why invest in this Fund?  This high-risk, high-return strategy offers the potential to 'earn big' returns.  It can help you beat the impact of rising prices over the long term.  It can be a suitable choice for tactical allocation.  Time Horizon  One should look at investing for at least ten years or even more.  Investment through Systematic Investment Plan (SIP) may help in tackling the volatility of the broader equity market.  Conclusion  The DSP Small Cap Fund has a proven track record of more than 15 years, where it has delivered a CAGR (Compounded Annual Growth Rate) of 16.6%. Thus, it is the best option for investors who are willing to take small-cap exposure with high risks for a long-term time horizon.   Disclaimer: This is not recommendation advice. All information in this blog is for educational purposes only. 

One of the largest AMCs in India, DSP has been helping investors make sound investment decisions responsibly and unemotionally for over 25 years. DSP is backed by the DSP Group, an almost 160-year-old Indian financial giant.  The family behind DSP has been very influential in the growth and professionalization of capital markets and the money management business in India over the last one-and-a-half centuries. Let us talk about the consumer product – DSP Value Fund.  About the DSP Value Fund  Investment Objective: The primary investment objective of the scheme is to seek to generate consistent returns by investing in equity and equity-related or fixed-income securities which are currently undervalued.  Investment Process   This fund is designed on fundamental value-investing principles & forms its portfolio through a carefully constructed framework.  It aims to invest in 'good' Indian & international companies at 'good', reasonable prices.  It aims to allocate up to 35% to global 'value' stocks via internationally renowned value managers like Berkshire Hathaway, Lindsell Train, Harding Loevner, Veritas, etc.  Portfolio Composition  The portfolio holds major large-cap stocks and global funds exposure at 36% and 26%, respectively. Significant sectoral exposure (apart from the mutual funds) is to Pharmaceuticals & Biotechnology, which account for roughly 10% of the portfolio.  Note: Data as of 28th Feb. 2023. Source: DSP MF  Top 5 Holdings of DSP Value Fund Name Weightage % Veritas Global Focus Fund 7.06 Berkshire Hathaway Inc - Class B 6.87 Harding Loevner Global Equity Fund 5.55 Lindsell Train Global Equity Fund 5.39 WCM GLOBAL EQUITY FUND 5.15 Note: Data as of 28th Feb. 2023. Source: DSP MF  Performance  If you had invested 10,000 at the fund's inception, it would now be valued at Rs 13,075.   Note: Data as of 28th Feb. 2023. Source: DSP MF  The fund was launched on 10th Dec. 2020. Since it has been only two years, investors must stay invested longer to see the fund outperform the index.  Fund manager  Aparna Karnik has been managing this fund since May 2022. Aparna Karnik is Head-Quantitative Investments and Analytics (QIA). Aparna has 17 years of experience in investment, credit and operations risk management. Before joining DSP, she worked with CRISIL Ratings in their Structured Finance Division, Large Corporates Group.  She holds a Masters's in Management Studies from Jamnalal Bajaj Institute of Management Studies.  Prateek Nigudkar has been managing this fund since May 2022. Prateek Nigudkar is a Quantitative researcher at DSP Investment Managers Pvt. Ltd. (DSPIM). Before joining DSPIM, Prateek headed a team of Quantitative analysts in the Equity Smart-Beta team for State Street Global Advisors (SSGA) in India. Prateek holds a Master's in Quantitative Finance from the University of Washington and is FRM certified. He has also cleared all three levels of the CFA examination from the CFA Institute.  Jay Kothari has been managing this fund since December 2020. Jay Kothari, Vice President & Product Strategist -Jay has been with DSP Investment Managers since May 2005 and has been with the Investment function since January 2011. Before joining DSPIM, Jay worked for Standard Chartered Bank for a year in the Priority Banking division. Jay completed his Bachelor of Management Studies (Finance & International Finance) from Mumbai University and an MBA in Finance from Mumbai University.  Who should invest in DSP Small Cap Fund?  Consider this fund if you  Are a first-timer or a relatively new equity market investor?  Have the patience & mental resilience to remain invested for a decade or more.  Recognize market falls as good opportunities to invest even more.  Accept that equity investing means exposure to risk.  Do not chase the highest possible returns at all times.  Why invest in this Fund?  Offers the potential to earn relatively risk-free, stable returns higher than those from pure fixed-income investments.  Get the benefit of equity taxation despite the low-risk orientation.  Time Horizon  One should look at investing for at least ten years or even more.  Investment through Systematic Investment Plan (SIP) may help in tackling the volatility of the broader equity market.  Conclusion  The DSP Value Fund is a good option for those who believe in the principles of value investing. Investors investing in this fund should remain invested long to reap the benefits of compounding.   Disclaimer: This is not recommendation advice. All information in this blog is for educational purposes only. 

The Netherlands has long been known for its high-quality higher education system, with a strong reputation for research and innovation. However, studying in the Netherlands can often come with a high price tag, making it a less accessible option for some students. Fortunately, there are several affordable universities in the Netherlands that offer excellent education without breaking the bank.   These universities offer a range of programs taught in English, from bachelor's to master's and Ph.D. degrees, with tuition fees often significantly lower than those of other institutions in Europe and the US. Along with affordable tuition, these universities offer various scholarship opportunities, making studying in the Netherlands an achievable goal for students from all backgrounds. In this article, we will explore some of the most affordable universities in the Netherlands and the opportunities they provide for students looking to study in this beautiful country.  Top cheap universities in the Netherlands for International students  The Netherlands is a popular study destination for international students, but tuition fees can often be a major hurdle. Luckily, there are several affordable universities in the Netherlands that offer excellent education at a reasonable price. In this article, we will highlight 6 of the cheapest universities in the Netherlands for international students.  1. Delft University of Technology  Delft University of Technology, also known as TU Delft, is a public university and one of the most affordable universities in the Netherlands. As the largest technical university in the country, it has a strong reputation for engineering education. TU Delft is committed to combining research, innovation, and technology to create cutting-edge inventions, and it challenges its students to pursue advanced solutions. In addition to several master's programs in Chemical Engineering, Electrical Engineering, Biomedical Engineering, Aerospace Engineering, Civil Engineering, Construction Management, and Engineering, the university offers a variety of popular undergraduate programs in Nanobiology, Aerospace Engineering, Industrial Design Engineering, and Molecular Science and Technology.   The average tuition fees for undergraduate and postgraduate programs at TU Delft are 15,200 EUR per year and 19,600 EUR per year, respectively.  2. Maastricht University  Maastricht University is a highly regarded public university and one of the affordable options for international students studying in the Netherlands. With over 50% of its students coming from abroad, it is also one of the most international universities in the country. The study programs at the university have an international focus and are created to prepare students for their future careers. A number of well-known master's programs are available at Maastricht University, including Business Research, Data Science for Decision Making, Dutch Law, Digital Business and Economics, Economic and Financial Research, and Economics. Biomedical sciences, economics and business economics, European Studies, the European Law School, and data science and knowledge engineering are some of the university's most well-liked undergraduate programs.   The average tuition fee for undergraduate and postgraduate programs at Maastricht University is 8,221 EUR per year and 12,331 EUR per year, respectively.  Affordable Universities in the UK READ MORE 3. Radboud University  Radboud University is a public university located in Nijmegen and is one of the most affordable universities in the Netherlands. While the majority of its programs are for graduate students, the university also offers around 15 undergraduate programs. Radboud University provides a wide range of programs including American Studies, Business Management, Chemistry, Artificial Intelligence, and Molecular Life Studies. Some of the popular undergraduate programs at the university include B. An Arts and Culture Studies, BSc Psychology, B.An International Business Communication, BSc in Computing Science, BSc in Artificial Intelligence, and BSc in Chemistry. For postgraduate students, the university offers several master's programs, such as MSc Artificial Intelligence, MSc Cyber Security, MSc Information Sciences, MSc Business Administration, and MSc Economics.   The average tuition fees for undergraduate programs at Radboud University are 2,143 EUR per year, while for postgraduate programs, the fees range from 12,500 to 16,500 EUR per year.  4. University of Groningen  The University of Groningen is a public university and one of the affordable options for international students studying in the Netherlands. It provides various programs to over 6,000 international students and is organized into 11 faculties of study, including multiple graduate schools and several elite research institutions. The university offers a wide range of disciplines, including law, economics, business, humanities, social sciences, life sciences, and more. The University of Groningen is popular for its undergraduate programs such as American Studies, Media Studies, Art History, International Business, Medicine, and Astrology. The university also offers several master's programs such as master's in psychology, European Studies, Linguistics, Finance, and Information Science.   The average tuition fees for undergraduate programs at the University of Groningen are 9,000 EUR per year, while for postgraduate programs, the fees are 13,220 EUR per year.  Affordable Universities in NewZeland Read More 5. University of Twente (UT)  The University of Twente (UT) is a public university and a leader in implementing educational design reforms in line with the new bachelor's and master's degree structures. The university is internationally appreciated for its expertise in public policy studies and applied physics to biomedical technology. UT is one of the most affordable universities in the Netherlands, offering numerous programs to international students across its five different departments. The university offers various popular undergraduate courses such as Applied Mathematics, Advanced Technology, Biomedical Technology, Chemical Science & Engineering, Civil Engineering, Communication Science, Electrical Engineering, and Health Sciences. Similarly, the postgraduate courses offered by UT include Applied Physics, Biomedical Engineering, Business Administration, Civil Engineering & Management, Computer Science, Educational Science & Technology, Embedded Systems, and European Studies.   The average tuition fees for undergraduate programs at UT are 8,200 EUR per year, while for postgraduate programs, the fees are 12,750 EUR per year.  6. Utrecht University  Utrecht University, a public university in the Netherlands, is well-regarded for research and technology across its seven departments and three institutes. With over 90 Master's programs and 12 bachelor's programs, Utrecht University is known for its quality education at a reasonable tuition fee, making it one of the most affordable universities in the Netherlands for international students.   Popular courses include economics and business economics, global sustainability science, and MSc in infection and immunity, with an average tuition fee of 11,000 EUR/year for undergraduate programs and 17,500 EUR/year for graduate programs.  In conclusion, the Netherlands offers a range of cheap tuition fees for universities for international students. Among these, Maastricht University, Radboud University, University of Groningen, University of Twente, and Utrecht University stand out as popular choices for students looking to pursue their higher education in a dynamic and internationally oriented environment. These universities offer a variety of bachelor's and master's programs across disciplines such as business, engineering, humanities, and sciences. With affordable tuition fees and high-quality education, these universities provide an excellent learning experience to students from all over the world. 

Students may show potential employers through a dual degree program that they have what it takes to excel in a global setting. In this blog, we will discuss the best undergraduate and master’s dual degree programs and how to use an abroad education loan to fund a dual degree program. What are dual degree programs? Due to the ability to study in two distinct nations, dual degrees, also known as double degrees or combined degrees, allow you to obtain a more thorough understanding of a certain subject. Although pursuing a dual degree is important and may be highly advantageous, it does need a little more dedication and self-control. It also calls for outstanding time management skills as you adjust to different teaching methods and go beyond language obstacles. How to use an abroad education loan to fund a dual degree program? Given that it combines two fields, a dual degree could cost a bit more than a regular one. Following are the ways to use an abroad education loan to fund a dual degree program: 1. Financial planning An effective loan application is a crucial component of a careful financial strategy created to pay for your dual degree program abroad at the lowest possible cost. Scholarships, grants, past savings, and student loans are important parts of the strategy. Spend some time weighing the correct loan amount against the cost of redeeming your investments. 2. Tuition fees The tuition fees levied by foreign universities make up one of the two primary components of education loans for studying abroad. An education loan is meant to help students who are studying abroad with the expense of their tuition. Tuition is paid on all student loan repayments. So, while deciding on the overall amount of your student loans, you should give top priority to covering your tuition costs. 3. Living expenses Several items can be referred to as "factors" in this sentence. Rent or room and board, food, and expenses for other daily essentials like transportation to and from school, a security deposit for accommodation, etc., are the primary living expenses for a student. Your living expenses should be taken into account when calculating the overall cost of your study abroad program. 4. Health insurance Several foreign institutions commonly ask international students to get health insurance. Because it is one of several expenses students must pay to study abroad, this particular expense is covered by an education loan. So, health insurance might be considered when applying for a student loan. 5. Study aid If the offer letter from your institution abroad specifies that you are responsible for paying for field trips and other extracurricular activities throughout your degree, this information can also be included in the education loan specifications. Students can also factor the cost of items like books, laptops, and other study aids into their overall expenses. Best undergraduate dual degree programs to study abroad Ever consider continuing your passion for music while pursuing a business degree? Or how about combining a Bachelor of Law with a Bachelor of Biotechnology? When looking for jobs, having two college degrees provides you with an advantage over the competition. Moreover, you can combine requirements for two distinct master's programs or occasionally a Bachelor's degree with a Master's. The most well-liked undergraduate dual degree programs to study abroad are as follows: BS in biology/BS in chemistry BA in liberal arts/BFA BA in business administration/BA in marketing BSN/BS in healthcare management BA in public health policy/BS in public health science BS in computer science/BA in game design BS in computer science/BS in software engineering BA in international relations/BA in a foreign language BA in psychology/BA in criminal justice BA in economics/BA in political science BA in economics/BS in mathematics Top bachelor's-master's dual programs BSN/MSN (also known as a BSN-to-MSN program) BS in social work/MSW BA in business/MBA BS in computer systems engineering/MS in computer science BS in public health/MPH BS in statistics/MS in applied math and statistics BA in international relations/MA in international affairs BA in justice and law/MA in counterterrorism and homeland security BA in political science/MPA BA in business administration/MBA Top dual degree universities to study abroad Following are the most popular universities to pursue dual degree programs abroad: Arizona State University Auburn University Benedictine University California University of Pennsylvania California Western School of Law Capella University Colorado Christian University Columbia University Cornell University Dallas Baptist University Many additional opportunities become available with a dual degree program. It enables you to pick your core area of study, experiment with others that fit your objectives or preferences, and discover your passion. TALK TO AN EXPERT

UTI is one of the pioneers of the Indian Mutual Fund Industry. With over Rs 2.4 Lakh crore, the AMC is one of the most trusted names in the mutual fund space. The UTI Mutual Fund offers products across asset classes. Let us talk about the flagship product – UTI Dividend Yield Fund.  UTI Dividend Yield Fund  Investment Objective: The objective of the scheme is to generate long-term capital appreciation and income by investing predominantly in dividend-yielding equity and equity-related securities. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.  Investment Process:    The UTI Dividend Yield Fund would follow a bottom-up approach for stock picking following a value investment style and maintaining a well-diversified portfolio. By virtue, the fund tends to be less aggressive (less risky) than other types of funds, such as growth stock mutual funds.  Portfolio Composition  The portfolio holds the major exposure in large-cap stocks at 69% and sectoral major exposure is to Information Technology, which accounts for roughly one-fourth of the portfolio. The top 5 sectors hold more than 70% of the portfolio.  Note: Data as of 28th Feb. 2023. Source: UTIMF  Top 5 Holdings in UTI Dividend Yield Name Sector Weightage % Infosys Ltd. Information Technology 8.01 ITC Ltd. Consumer Goods 6.49 NTPC Ltd. Power 6.06 Tech Mahindra Ltd. Information Technology 5.43 Mphasis Ltd. Information Technology 4.38 Note: Data as of 28th Feb. 2023. Source: UTIMF  Performance Since Inception  If you had invested 10,000 at the time of inception of the fund, it would be now valued at Rs. 1,02,531, whereas the benchmark (Nifty 500 TRI) would have fetched you Rs1,06,452. Note: Performance of the fund since launch; Inception Date – 03rd May 2005 Source: utimf.com   The fund has underperformed against the benchmark. Investors have to be invested for a longer investment horizon to see the fund outperforming the benchmark.  Fund Manager  The fund is ably managed by Mr. Amit Premchandani. Mr. Amit Premchandani is Senior Vice President & Fund Manager - Equity. He holds a PGDM from IIM Indore and a CFA charter from CFA Institute, USA. He has completed a CA from ICAI. He graduated with a Bachelor of Commerce in 2001 from Heramba Chandra College, Kolkata. Amit joined UTI AMC in 2009 as a Senior Research Analyst and has covered Banks, NBFCs, telecom, and cement in his research role. In addition, he took up portfolio responsibilities in June 2014. He has over 13 years of experience.   Who should invest?  Investors looking to  Supplement their core equity portfolio with a differentiated portfolio strategy  Increase their equity allocation with the intention of relative downside protection  A twin benefit of capital appreciation as well as dividend yield Investment Horizon  Why Invest?  The Fund endeavor to benefit from investing primarily in dividend-yielding equity shares at the time of investment.  The advantage of a portfolio with a 'value' style is that it provides a significant upside potential when a revival results in value unlocking.  Dividend-yielding stocks tend to have higher downside protection. Being rich in cash generations from their business result in a fair amount of stability and tend to be less aggressive (less risky) than other types of funds, such as style-based or market cap-based funds.   Probable twin benefit of capital appreciation and dividend yield from the fund.  Horizon  Ideal for investment with a time horizon of, preferably, five years or above   Investment through Systematic Investment Plan (SIP) may help in tackling the volatility of the broader equity market.  Conclusion The UTI Dividend Yield Fund has delivered consistent returns in the long run. Investors looking for relatively less risky funds with consistent dividends and capital appreciation returns can consider this fund.  Disclaimer: This is not recommendation advice. All information in this blog is for educational purposes only. 

The role of study abroad insurance in protecting your investment in your education and how it can be funded with an abroad education loan. Many Indian students want to pursue further education in developed nations like the United States, the United Kingdom, Canada, Australia, etc. While relocating to a new nation while you're young is exciting, challenges are involved. Be sure to purchase a study abroad insurance policy and all the other things you need to arrange for. What is a study abroad insurance? Travel insurance for studying abroad might help if something goes wrong while you're away from home. You'll need to get a separate medical insurance policy to cover these, as most policies do not cover medical problems. Travel insurance for students may provide coverage for the following: Theft or loss of your personal belongings The cost of the course if you have to drop it Destruction to your place of residence missing passports Certain things, such as musical instruments Flights being canceled Why get study abroad insurance? Even though studying abroad ought to be amazing, things might go wrong. With a strong insurance plan, you can recover any money you lose due to theft or other unavoidable events. Be sure the insurance coverage you choose provides adequate protection to cover your possessions. It's also crucial that you thoroughly study the policy so you know what you're covered for. Look for additional coverage, for instance, if your laptop is worth £1,000, but your electrical equipment is only insured up to £100. Most plans include exclusions, which means that you won't be protected in some situations. For instance, if you wreck property while intoxicated or if you leave your lodging unlocked. Most policies have exclusions that mean you won't be protected under certain circumstances. For instance, if you damage property while under the influence of alcohol or if you forget to lock your accommodation. https://www.youtube.com/shorts/Hm8Iimib-iw How can you select the best travel health insurance plan? The institution, a foreign insurance company, or a local insurance company can help students purchase their chosen insurance plan. Notably, domestic insurers charge around one-third less for premiums than colleges or insurers in other countries do. The following are the different ways to choose the best travel health insurance plan:  1. Selecting the right policy Make sure you add up all the criteria given by your university and the visa because, occasionally, they might vary significantly depending on the program level. 2. Compare terms and conditions All insurance companies differ in at least a few respects. Make sure you meet their agents or compare them online to acquire crucial information regarding claims. With Policybazaar, you may compare several insurances as well. 3. Make a checklist Be sure that your policy recognizes and covers those areas if your institution or visa requirements have any particular criteria (often for the amount insured and covered); otherwise, it won't be helpful. 4. Do not skip policy wording Although it may be tedious, knowing any situations or conditions your insurance will not cover is crucial. This will ensure clarity along the road. 5. Check for add-ons If your university has any unique criteria, you can satisfy them by comparing the extra coverings you can purchase for a small charge. By choosing a more costly comprehensive insurance plan, you can personalize your coverage while saving money. https://www.youtube.com/shorts/RRDhhStcV8Q How can study abroad insurance be funded with an abroad education loan? The insurance coverage should cover the student's life for the length and amount of the loan when you apply for financial aid for college. If the applicant so chooses, the loan amount may include the cost of the insurance premium. Where can you get study abroad insurance? It is good to compare prices to find the best bargain. Don't, however, pick the least expensive choice. Verify the insurance terms, what it covers, and that it is appropriate for you. You should consider the following places for overseas study insurance: Banks: Several banks pair student bank accounts with study insurance. Internet insurers: There are several websites on the internet devoted to studying abroad insurance. Universities and colleges: Several colleges provide insurance to visitors who want to study there. Private insurers: Study abroad insurance is available from several specialized insurers. Try high-street insurers and travel agencies. Although several insurance companies provide study abroad education insurance policies, it is important to pick the one that is ideal for you. Compare the coverage, benefits, premiums, inclusions, exclusions, exemptions, and other aspects of various policies. Finally, thoroughly read the policy wording and its terms and conditions before purchasing study abroad education insurance coverage, whether you do it online or in person.

To find out if a professional is a suitable fit for you when you're looking for someone to manage your money, you should ask them certain questions. You may make an informed choice if you are aware of an advisor's experience, area of specialization, and typical client age range.  Integrity is possibly the most important quality a financial counselor can have. In addition to managing your personal and family savings, they will also have access to and knowledge of your most private data. This is why it's crucial to choose a reliable employee.  You'll have concerns about how your money is being managed by your financial advisor, as well as how you can spend, save, and invest intelligently, even after you've found one you can trust.  Discover the most crucial inquiries to make at your yearly or quarterly sessions with your advisor. Let’s find out some questions you should be asking your financial advisor in the first meeting. Interview questions to ask prior to hiring  An interview can help you determine whether you are a good fit with a financial advisor who has your best interests in mind by giving you an idea of their experience and potential working relationship. 1. What do you qualify for?  The advisor's credentials and position as a professional are the first things you'll want to find out. No two financial advisors are alike because there are so many different certifications available. It is best to find an advisor whose profession is customized to your particular aims because one may focus on a different area or expertise than the other.  2. Describe your payment structure Secondly, learn the fee schedule the financial advisor will use to cover costs. As an illustration, some advisors charge a flat cost and never accept commissions, whilst others may do both.  The following are typical payment strategies used by financial advisors:  Fee-only: never charges a commission, simply an hourly or set amount for specific services receives commissions for recommending products like insurance and annuities.  Fee-based: mostly collects fees for services while also taking commissions. Charges are made based on the percentage of your assets that are under management (AUM).  3. How will we cooperate?  You'll also want to ask how the relationship will function. Will you meet with your financial counselor, for instance, every year or every three months? Will they be available on weekends and virtually? It's crucial to understand their preferred mode of contact, how they intend to meet with you, and any preferences they may have for scheduling meetings.  4. What investing Philosophy Do You Adopt?  A qualified advisor understands how to deal with your level of risk tolerance and helps you navigate unforeseen obstacles, like inflation or a recession. Inquire about the procedures and data-driven approaches they have in place for circumstances like this.  5. Do you owe fiduciary owes?  Fiduciaries must always behave in their client's best interests, even when doing so is not in their own best interests. Examples of fiduciaries include banks and law firms. Before choosing to hire a financial advisor, it's critical to understand whether they are held to the fiduciary standard as not all financial advisors are or are required to be.  6. Do You Collaborate with Lawyers?  You might require a tax attorney in addition to a financial counselor if your financial position is more complicated and involves company or estate planning. Thus, an advisor who is willing to work with an attorney or who can recommend one to you can help you identify the best candidates.  7. Will you agree to sign a contract outlining your compensation?  In any case, before you work with them, a fee-only planner should feel at ease discussing and signing an agreement outlining the compensation and services that will be offered.  8. May I speak to some of your former or present clients?  Financial advisors ought to be at ease providing you with references of customers whose money they have handled. If they're not, this might be a red flag.  These are some of the best questions to ask your financial advisor before you start working with them!  

Investing money for monthly income can be a great way to generate a steady stream of cash flow. However, it is important to carefully consider your options and create a diversified portfolio that meets your income needs and risk tolerance. If you have saved up to 25 lakhs and are ready to invest it, it is the best way of earning a passive income, as it can be a great way to earn extra money without having to put in a lot of work. Investment can be the best and easiest way to earn money if done properly. Tips on how to invest INR 25 lakhs for monthly income 1. Understand your income needs Before investing, it's important to have a clear understanding of your income needs. Consider your monthly expenses, your long-term financial goals, and any other sources of income you may have. This will help you determine how much income you need each month and what type of investments to consider. 2. Consider fixed-income options Now, addressing the concern of where to invest 25 lakhs for monthly income, there are a few options. Fixed-income investments like fixed deposits and debt mutual funds can offer a steady stream of income. These investments provide a fixed rate of return and can be a good option for conservative investors who want a predictable source of income. However, keep in mind that fixed-income investments may not offer high returns and may be subject to inflation risk. 3. Invest in dividend-paying stocks Dividend-paying stocks can provide a steady source of income through regular dividends. These stocks are typically issued by stable, established companies that have a history of giving out dividends. Investing in dividend-paying stocks can be a good option for investors who want to generate income and also participate in the potential for capital appreciation. Consider investing in a diversified portfolio of dividend-paying stocks to minimize risk. Types of Investment available in India Read More 4. Consider rental property Investing in rental property can be a good option for a stable monthly income. Rental income can provide a steady source of cash flow, and the property may appreciate in value over time. However, investing in rental property requires a significant amount of capital and comes with additional risks like property management and tenant turnover. Hence, so be sure to do your research and work with a professional to ensure that your investments are successful. 5. Bonds as an investment  Bonds are another popular option for generating monthly income. When you buy a bond, you are essentially lending money to the issuer in exchange for regular interest payments. You can invest in individual bonds or in bond funds, which are mutual funds that invest in a variety of different bonds. Keep in mind that bonds are subject to interest rate risk, so their value may fluctuate based on changes in interest rates. Why investing is important? Read More 6. Invest in mutual funds Mutual funds that invest in a combination of equity and debt securities can be a good option for generating monthly income. These funds provide diversification and can offer a balance between income and growth potential. Look for income-oriented mutual funds and a systematic withdrawal plan. Consider investing in hybrid mutual funds or monthly income plans that are designed to provide regular income. Diversify your investments and reinvest dividends and capital gains. Start Investing in Mutual Funds 7. Invest in annuities An annuity is a contract between you and an insurance company that provides a guaranteed stream of income over a set period. There are different types of annuities, but fixed annuities can be a good option for generating monthly income. With a fixed annuity, you pay a lump sum upfront, and the insurance company guarantees a fixed rate of return for a period of time. 8. Consult a financial advisor Investing Rs. 25 lakhs for monthly income requires careful planning and consideration. It's a good idea to consult a financial advisor who can help you create a diversified portfolio that meets your income needs and risk tolerance. A financial advisor can also provide guidance on tax-efficient investment strategies and help you create a comprehensive financial plan. Our team at EduFund has efficient financial advisors constantly available for your help and advice, whether it is about how to invest 25 lakhs for monthly income in India or any other financial concerns you may have. Conclusion  In summary, there are different ways to invest money for monthly income, but investing Rs. 25 lakhs for monthly income requires careful consideration and planning. Consider fixed-income options, dividend-paying stocks, rental property, and mutual funds, and consult a financial advisor to create a diversified portfolio that meets your income needs and risk tolerance. With smart investment decisions, you can generate a steady stream of monthly income and achieve your long-term financial goals. And for any issue regarding these investments, our team of financial advisors is just a call away.

ICICI Prudential Mutual Fund is the second-largest asset management company in India. With over Rs 5 Lakh crore, the AMC is among the most trusted names in the mutual fund space. The AMF offers products across asset classes. Let us talk about the flagship product – ICICI Prudential Bluechip Fund.  ICICI Prudential Bluechip Fund Investment Objective To generate long-term capital appreciation and income distribution to investors from a portfolio predominantly invested in equity and equity-related securities of large-cap companies.  Investment Process   The scheme aims to maintain a minimum exposure of 80% towards equity and equity-related instruments of large-cap companies, selected based on a bottom-up approach focusing on long-term wealth creation.  Portfolio Composition  As per its investment objective, the equity exposure is majorly in large-cap stocks at 91.35%. Significant sectoral exposure is to banks that account for roughly one-fourth of the portfolio. The top 5 sectors hold nearly 58% of the portfolio.  Note: Data as of 28th Feb 2023. Source: ICICI Pru AMC  Top 5 Holdings for ICICI Prudential Bluechip Fund Name Sector Weightage % ICICI Bank Ltd Financial Services 9.34 Reliance Industries Conglomerate 8.02 HDFC Bank Ltd Financial Services 7.08 Infosys Ltd. Information Technology 6.65 Larsen & Tubro Ltd. Construction 6.55 Note: Data as of 28th Feb. 2023. Source: ICICI Pru AMC  Performance over 16 years  If you had invested 10,000 at the fund's inception, it would now be valued at Rs 66,660.  Note: Fund performance since launch; Inception Date – 23rd May 2008.  Source: icicipruamc.com  The fund has given consistent returns and has outperformed the benchmark over 15 years by generating a CAGR (Compounded Annual Growth Rate) of 13.77%. Fund Manager  The fund is ably managed by   Anish Tawakley – Managing this fund since Sep. 2018 & has overall 26 years of experience.  Vaibhav Dusad - Managing this fund since Jan. 2021 & has an overall nine years of experience  Who should invest?  The scheme is suitable for investors who wish to invest in large-cap stocks   That is relatively less volatile than other stocks,  Have a well-proven track record and solid fundamentals, and can deliver consistent long-term returns.  Why invest?  The scheme provides diversification to investors who wish to park their funds across various themes and sectors.  The benchmark sector-neutral approach gives investors confidence that the funds parked are invested in line with the benchmark.  Horizon  One should look at investing for a minimum of five years or more.  Investment through Systematic Investment Plan (SIP) may help tackle broader equity market volatility.  Conclusion  The fund has consistently outperformed its benchmark. Also, since it is a large-cap fund, it has the potential for capital appreciation with less volatility than small-cap and mid-cap funds. Hence, investors seeking to invest for a long-term time horizon intend to generate good returns with relatively lesser risk.  Disclaimer:This is not recommendation advice. All information in this blog is for educational purposes only. 

Is it possible to reduce the cost of studying abroad as a student? With thousands of Indians going abroad and opting for education loans to finance their dreams, it is a pressing question.   The cost of studying abroad can be higher for Indian students, especially since the currency is weaker than Euro or dollar. So how can you go abroad without hurting your pockets? Let’s find out.  Students should prepare for their study abroad adventure with thorough research and a methodical plan to reduce costs while studying abroad. Suggestions to help you cut costs 1. Choose your country of study from those that are the cheapest  The cost of the curriculum is greatly influenced by location; the cost of living is not the same everywhere. Due to their generally low cost of living, Asian nations, especially those in the southeast, are among the least expensive to study in. India, the Philippines, and China are a few of these. Due to their location at the opposite end of the cost-of-living spectrum from Japan and South Korea often have higher prices than the ones stated above. Consider looking at South American nations with program costs that are in the middle, such as Peru, Ecuador, and Brazil, if you desire to study there.  Sadly, studying abroad in Europe is not a cheap option. Even if you choose more affordable study-abroad locations in Europe, the overall cost of living there will still be comparable to that of life at home. But, keep in mind that even while your daily living expenditures would be cheap, some more distant locations may cost you more in flights. It's all about striking a balance, so keep that in mind as you calculate the expense of your study abroad.  Tips to arrange study abroad funding READ MORE 2. Recognize any potential unforeseen expenses  Before committing, it's also a good idea to investigate any additional costs associated with studying abroad. Although some programs may appear to be inexpensive at first sight, they may include additional costs that must be paid in person. Check that the pricing includes all expenses before submitting an application, including tuition, books, lodging and board, meals, excursions, orientation, and visa processing. Instead, if you want a more independent (and hence less expensive) study abroad program, make sure they won't charge you extra for unanticipated services once you're overseas.  At the absolute least, confirm that the expenses you believe you have covered are covered, and be ready to pay the balance as you go. Ask the service provider or school you are applying to without hesitation.  https://www.youtube.com/shorts/Dhe2ezcmKJw 3. Don't stay in upscale accommodations  You can choose from a variety of accommodation alternatives that are likely to be provided by your study abroad program provider. Be aware that more opulent accommodations typically entail higher study abroad costs. It costs less to live in university housing (like an international student dorm). If you're seeking a cheap housing solution, think about sharing a student apartment provided by the program. They can provide a little extra room for you without emptying your wallet like a single apartment or a protracted hotel stay.  Homestays, in which you live with a family for the duration of your study abroad program, are an additional choice to take into account. Hey, the price of a homestay is way higher than other options not great for my study abroad cost estimate but hear us out. Because homestays often include 1-2 meals per day, you'll reduce your overall expenses while also enjoying great home-cooked cuisine and forming connections that will probably last a lifetime. Not bad considering the cost, eh?  Finding your own apartment is a third alternative to think about, but it can be expensive, time-consuming, and difficult to negotiate in a foreign real estate market. There can be higher upfront costs or even worse things like burst pipes or undetected insect infestations. Blech. Even if you DO find an independent choice that is cheaper, sometimes the peace of mind regarding the quality of accommodation and accessibility to assistance (in relation to your program provider) more than justifies the price difference.  The financial impact of borrowing education loans to study abroad Read More 4. Go overseas to school in a tiny city  Large cities have expensive prices. Here's another illustration of a geographic choice YOU may make that can ultimately impact the bottom line. We know you adore Paris or that you would give anything to live among the Tokyo lights, but perhaps you should postpone those long-term experiences until you are older (and have more of a disposable income). You can still go on weekend excursions in the major cities, and as noted, you can always go back eventually (perhaps as an expert or while working as an English teacher abroad after graduation!).  The affordability of smaller, more rural cities is like Iowa's cost of living is lower than Chicago's. Manchester is exchanged for London, Milan for Rome, and Xian for Beijing. You get the picture.  5. Avoid going on weekend trips  If weekend excursions need an additional fee that is optional, skip them and do the same thing on a shoestring budget. In addition to giving you extra money to spend on (well-deserving) indulgences if you complete a similar journey successfully without their assistance, it will be a pleasant exercise in your own travel planning abilities.   Good tip: If you're laid back, walking is always free and a lot of fun. Walking around your new city will help it seem more like home while also saving you money. Consult an expert advisor to get the right plan TALK TO AN EXPERT

Many investors panic when the whispers of a slowdown or recession start to take place. The fear of recession stops them from investing, and because of this, they lose a significant opportunity to accumulate good investments at cheap or reasonable valuations. In this article, we will dig deeper into whether it is good to invest in mutual funds during a recession and see the best recession investments so that your portfolio is protected. Is it good to invest in mutual funds during a recession?  Economies go through a cycle. There will be phases of booming as well as downturn. During a slowdown or recession, businesses with weak fundamentals suffer the most, and those with strong fundamentals protect your portfolio. In such scenarios, diversification plays a crucial role. If you have invested your entire money into a single stock with weak fundamentals just because it delivered impressive returns during good times, it can cost your life's savings. Because of this, mutual funds, which are well-diversified investments, can help you to protect your portfolio in tough times.  Mutual funds are professionally managed investments where funds are invested in various stocks and not just one company. Due to this, you get exposure to all the companies in which the mutual fund has invested when you invest in that mutual fund scheme. This reduces your risk significantly and gives a shield to your portfolio. By investing in mutual funds during the recessionary phase, you can accumulate good investments which would reap the benefits when the economic conditions improve. Hence, a mutual fund is a good investment option during a recession.  Best investments during a recession  You might also come across these questions – “Which are the best investments during a recession” or “which are the recession-proof investments?” To answer these questions, you can consider the following points.  Small companies, companies with weak fundamentals, and companies having large debt on their balance sheet are the ones likely to suffer the most during tough times.  Large companies that have substantial market share and companies that sell products that are non-discretionary and have strong demand are expected to perform better than the others.  During hard times, corporate governance and management competence decide the fate of the businesses. Hence, investing in businesses that are professionally managed and run with good business ethics is essential.  Apart from equities, gold is considered a hedge against inflation and holds its value even during a recession.  Debt funds with low risk or Gilt funds can provide you with some capital protection during the short term of difficult times.   Best funds to invest in during a recession  Considering the factors mentioned above, well-diversified large-cap mutual funds and consumer staple funds provide the opportunity to protect your portfolio and can be the best recession investments. Also, one can consider investing in dividend yield funds during the recessionary phase because these companies are supposed to have strong balance sheets; otherwise, they won't be able to pay high dividends. Small-cap funds can be a good option for aggressive investors with long-term time horizons. A risk-averse person can consider investing in a multi-asset mutual fund as it invests in various asset classes such as stocks, gold, debt, etc. Investing in various asset classes reduces the overall risk and can protect you in the downturn. Other points to be considered during the recessionary phases  It is essential to keep investing, no matter the economic condition. Yes, the investment strategy may be changed, but stopping to invest will harm you in the long run. This is because money loses its value over time, and only investing in the proper manner and asset classes can save you from inflation. Another point to note is that keeping a long-term view while investing is essential. Because economic conditions do not always remain the same, you will see bear markets followed by bull runs. It becomes imperative to have a long-term time horizon while investing. And lastly, you should review and rebalance your portfolio periodically.  Conclusion  Continued investments are the best strategy for investing, and investors should keep investing rather than waiting for the best investments during the recession. And if you still need clarification, consider calling us for a discussion.  Consult an expert advisor to get the right plan TALK TO AN EXPERT

The process of transferring an abroad education loan from one school or program to another and when it might be necessary to do so. You must thoroughly examine a loan provider's terms and conditions for loans for international education before choosing them. But what if you wind up taking out an education loan from a lender with extremely high interest rates, whose loan repayment terms are inconvenient for you, or if you wish to switch schools or programs? If you find yourself in such a circumstance, there is a solution that you may learn about by reading this article. Can I transfer my education loan from one bank to another Moving high-interest debt from one lender to another with a much lower interest rate and better repayment terms is an education loan transfer. Lenders, in this case, include banks and NBFCs. Banks like SBI, Union Bank, and Bank of Baroda offer takeover loan programs to transfer student loans. You may effortlessly switch your expensive education loan to SBI through the takeover loan program to lower monthly EMIs. The highest loan limit for this is INR 1.5 crores, with no processing cost. 3 Steps on how Education Loan works? Read More Eligibility Criteria for Education Loan Transfer Only if the loan applicant meets the following requirements may they apply for an education loan transfer: There should be no more loan disbursements from the existing lender for the applicant. It indicates that no more money may be borrowed from that lender because the disbursements have already been made. The borrower's CIBIL score and the repayment of the previous loan must have begun in the form of EMIs. Go here to learn more about the CIBIL score. The financing has to be a new takeover. Applying for Education Loans Read More Process of Education Loan Transfer Your former lender will offer you a statement regarding the outstanding loan amount that has to be repaid after you decide to transfer your loan. The bank offering the student loan refinancing must then get the presented statement. After receipt of this statement, the loan application procedure will start as usual. When the loan has been approved, the new bank will send a check to pay off any outstanding debts owed to the previous lender. Because the risk component connected with the new bank is relatively minimal, takeover loans always have lower interest rates than new loans. https://www.youtube.com/shorts/Icp7ASAGrjw Other Terms and Conditions for Education Loan Transfer The new bank will take over the current collateral if you move an education loan with collateral. In contrast, if you want to move a non-collateral loan to a public bank that typically provides loans based on collateral, you will need to provide the specific public bank with valuable collateral. The collateral will secure no loan margin and a 100% loan amount. Because of the lower interest rates and better repayment options, moving student loans from one bank to another is usually advantageous. Nonetheless, to prevent any losses, think about researching previous patterns in loan transfers before making the decision. https://www.youtube.com/watch?v=9EAyvncisU4 Can we transfer education loans from one university to another? Certainly, but you must inform the bank about the change and provide the necessary paperwork. You could now wonder, "If I switch universities, would I have to refund any loan amounts?". The short answer is no. You won't be required to repay any loan sums if you switch universities. But, to take advantage of the most current modifications, you must speak with the bank. You must also present the necessary paperwork, including a letter of acceptance from the new school, proof of any scholarships you may have earned, and other records specified by the bank. How long will it take for the bank to approve my request to switch universities? Depending on the bank's internal procedures and the intricacy of your request, the time it takes to accept your request to move universities may change. It is advised that you contact your bank as soon as possible to establish a rough schedule. Which bank is best for education loans abroad  Finding the best bank for school loan programs might take a lot of work because so many banks provide these loans. Following are the best banks and education loans to study abroad: The State Bank of India: SBI Global Ed-Vantage Scheme The Bank of Baroda: Baroda Scholar Scheme The Punjab National Bank: PNB Udaan Scheme Canara Bank: IBA Model Loan Product For Higher Studies Abroad There is no such thing as a sure thing, and during your time studying abroad, you can decide that you want to switch colleges or countries after your loan has been approved and occasionally disbursed. You won't need to worry about the changes afterward.

Filing the Income Tax Return (ITR) can be a cumbersome and tedious task. You need to fill in information about hundreds of things, especially when you have more than one source of income. In this article, we will see about the applicability of ITR-2, who can file ITR-2, how to fill long-term capital gain in ITR-2, and what information is required to be given in this return restricting our discussion to things related to Capital Gains.  What is ITR-2?  ITR-2 in India is nothing but a form in which you must fill in the information regarding the income you have earned in the financial year and the applicability of taxes on it. The income tax department has notified seven different forms of ITR based on different categories. You must fill in the form which applies to you.   ITR-2 is a form where information regarding all the heads of income can be filled in except business or profession. If you want to file a capital gain ITR form and fulfill the conditions below, then you can file ITR-2, and this article will help you.   Who can file ITR-2?  The following are the conditions for being eligible to file ITR-2.  An Individual or HUF only can file ITR-2.  That individual or HUF can be Resident, Resident but Not Ordinarily Resident (RNOR), or Non-Resident (NR).  The assessee can have income under all the heads of income except Profits and Gains from Business or Profession. Meaning, if you have any income from any business or profession, then you cannot file ITR-2.  If anyone is eligible to file ITR-1, he cannot file ITR-2. ITR-1 is for resident individuals whose total income is composed of salary, income from one house property, and saving interest, and the total income does not exceed Rs. 50 lakhs.  So, if you fulfill all the conditions mentioned above, only you can file ITR-2.  After seeing who can file ITR-2, let us see what information is required to be given under this return.  Information to be given in ITR-2:  ITR-2 requires you to give information regarding various matters. The matters regarding information that are asked for can be classified as follows:  General information  Information regarding all the heads of income except Profits and Gains from Business or Profession  Details regarding capital gains, if any.  Information regarding set off and carry forward of losses.  Information regarding deductions under various sections like 80C, 80D, 80G, etc.  Information for various other matters like clubbing provisions, tax relief for taxes paid outside India, AMT, and b/f Credit, TDS, etc.  How to fill Long Term Capital Gain (LTCG) in ITR-2?  As mentioned earlier, we will restrict our discussion in this article to capital gains.  In ITR-2, you can fill all the details regarding your capital gains, whether short-term or long-term, whether earned from the sale of land or building or equity mutual funds, or any other capital asset. The information regarding capital gains can be divided as follows:  All other capital gains include gains arising on the sale of capital assets like land or building, gold, debentures, etc., whether short-term or long-term.  Under short-term capital gains, you have to give the details of sale consideration received expenses incurred wholly and exclusively in connection with the transfer of the asset, cost of acquisition, and various other details depending on the type of asset.  How to fill long-term capital gain in ITR-2?  The answer to this question can be divided into three parts:  LTCG on sale of land or building or both: For LTCG on the sale of land or building, you have to give property-wise details (in case you have sold multiple properties qualifying long-term capital asset) regarding consideration received, stamp duty value, indexed cost, details of the property, details of buyer and deductions, if you want to claim any.  LTCG on sale of equity share or mutual fund unit on which STT is paid: For this type of LTCG, you have to give the details regarding the date of acquisition, name of the company or MF unit, ISIN, quantity, cost of acquisition, FMV as on 31st Jan. 2018 in case the security was acquired before that, sale price per unit, etc. Remember, these details are to be given security-wise. To give these details, you need to ask for a Capital Gain statement from your broker for the whole financial year.  LTCG on all the other assets: For the remaining types of assets, the details are to be given depending on the type of asset. But in general, you need to give details regarding consideration received, cost of acquisition, indexation (if applicable), etc.  Modes of filing ITR-2:  ITR-2 can be filed online over the Income Tax Portal and offline by downloading the utility from the portal.  If you were searching for a capital gain ITR form and found yourself eligible for ITR-2, I hope this article gives you the relevant information and helps you fill out the return.