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Time slips through our fingers like grains of sand. In the blink of an eye, days turn into years. Parents cherish the childhood of their children. But as said, we don’t realize how time passes. Kids grow up, and as they grow up, the expenses also increase especially the education-related costs. And if you have a kid between the ages of 10-15 years, you will have to prepare for your child's college. The post-graduation is in the line. In this article, we will guide you on preparing for these expenses.  If you have a kid between the age group of 10-15 years, his/her college will be due in the next 3-5 years. Apart from that, there may be expenses such as application fees, expenditures on electronic gadgets like laptops or tablets, etc. There will be living expenses that you will have to incur. And after 6-8 years, you might have to incur the expenditure for post-graduation.   https://www.youtube.com/watch?v=tdwqQH0xkFw Education inflation comes under the top category, i.e., one of the highest among all the categories. Adding to the burden, if your child plans to go abroad, rupee depreciation increases your cost.  The only way to prepare for this expenditure and save your child's future is to start investing. As the Chinese proverb says, "The best time to plant a tree was 20 years ago; the second-best time is now." Similarly, it would help if you had started the investing journey much before. But if you have not, then do not waste your time. Start investing right now. Something is better than nothing. But how to do that? Let us see.  First, you need to identify the expenses you will incur along with their expected timing. As mentioned earlier, these can be graduation expenses, living expenses, etc. Using the college cost calculator, you can approximately estimate how much it will cost in the future to pursue the desired course for your child.   To estimate the other expenses, you can take the help of our SIP calculator by using which you can estimate how much you will be required to pay in the future and the required amount to invest monthly to reach your goal in the future by considering the inflation.   After identifying the expenses and their timing, you should bifurcate them as per the estimated timing of those expenses, like expenditure to be incurred within a year, in 1-3 years, after three years, etc. This bifurcation will help you determine how much risk you can take while investing. It is considered that an investor can take a higher risk while investing for the long term, and the risk appetite reduces as the time horizon decreases. There is a simple reason behind this. A long-term time horizon allows you to recover in case anything goes wrong.  The only thing that remains is to start investing as per your risk appetite. But how to select funds? As said earlier, you need to determine your risk appetite, and accordingly, you can invest. You cannot take the risk aggressively for expenditure to be incurred within a year. So, debt funds such as liquid or money market funds should be considered. For expenditure to be incurred after one year but within three years, you can take a little more risk.   Hence, you can consider investing a small portion of your investments into equities. This can be better done by investing in hybrid funds such as conservative funds or balanced advantage funds. An aggressive investor can consider investing in multi-asset funds as they provide allocation to various asset classes such as equities, debt, gold, etc. And lastly, for expenditures to be incurred after three years, such as post-graduation expenses, you should consider investing in equity mutual funds. Equity mutual funds provide excellent growth potential with reduced volatility over the long term. Small cap, mid cap, flexi cap, or focused funds can be good options for investing for the long term.  This is how you can start investing in your child's education. However, you need to keep in mind a few points.   First, you need to monitor your portfolio regularly and rebalance it. As you come closer to your goal, you will have to reallocate your money from high-risk funds to low-risk funds.   Second, if your child wishes to go abroad for graduation or post-graduation, it will be better to invest in USD as your exchange rate risk mitigates automatically. The procedure to estimate the expenditure and amount of investment remains the same.   And lastly, if you are too late to start investing, you might be required to look for an education loan.   However, you should start investing even if you are late so that you can create at least some corpus for your child's education rather than nothing.           Hopefully, this article has given you some insights and helps you plan better for your child’s education. Start investing!  Talk To An Expert

What is a mutual fund?  A mutual fund is an investment program that is expertly managed by Asset Management Companies (AMC), which act as middlemen for ordinary investors. The AMC collects funds from numerous individuals and invests them in bonds, money market instruments, equity shares, and other securities. According to the amount invested in the fund, a certain number of units are allocated to each investor in turn. In proportion to his investment in the fund, the investor shares the fund's gains, losses, income, and expenses.   The money of the investor will be managed by the fund manager in accordance with the scheme's stated investment goals. Capital growth is his objective. The fund manager's mission is to meet the investment objectives of the mutual fund scheme by the wise selection of financial instruments, which can result in capital growth or dependable income.   For instance, an equity mutual fund will invest in equities so that investors can benefit from long-term capital growth. The debt fund will invest in government assets to earn a larger return based on changes in interest rates as well as fixed-income securities to provide investors with a steady income. To provide a higher return on investment and safeguard the portfolio during a downturn in the stock market, the balanced fund will invest in a combination of equity and bonds/fixed income. What is a mutual fund calculator?  You may determine the returns from mutual fund investments using the mutual fund calculator, which is a simulation. If you make an investment in a lump sum or even via a SIP, you can figure out its maturity value.   Even before you invest the money, a mutual fund calculator is a simple-to-use tool that enables you to obtain a sense of the maturity value of the mutual fund investment. Given that you already know how much money you will receive upon maturity, it enables you to plan your spending and meet your financial objectives. To calculate the maturity amount for an estimated rate of return, input the SIP amount, duration, and frequency. How to calculate mutual fund returns? For instance, you made a one-time investment of 1 lakh rupees in a mutual fund program for 10 years. The rate of return on the investment, according to your calculation, will be 8% annually. The following formula can be used to determine the investment's future value:  Future Value = Present Value (1 + r/100)^n  Present Value (PV) = Rs 1,00,000  r = Estimated rate of return of 8% = 8/100 = 0.08  n = Duration of the investment which is 10 years.  At maturity or after 10 years, you must determine the Future Value (FV) of the mutual fund investment.  FV = 1,00,000 (1+8/100)^10  FV = Rs 2,15,892.5.  Hence, at an estimated return of 8%, the future value of the mutual fund investment after 10 years is Rs 2,15,892.5.  Source: Pexels The mutual fund calculator can also be used to determine the maturity value of SIP investment.  Use the formula:  FV = P [(1+i)^n-1]*(1+i)/i  FV = Future value or the amount you get at maturity.  P = Amount you invest through SIP  i = Compounded rate of return  n= Investment duration in months  r = Expected rate of return  For instance, you might use a SIP to invest Rs 1,000 each month in a mutual fund scheme. The investment has a 10-year term and an expected annual return rate of 8%.   You have I = r/100/12 = 8/100/12 = 0.006667. (You must multiply the rate of return by 12 to get the monthly amount.) Additionally, you have n = 120 months or 10 years.  FV = 1,000 [(1+0.006667)^120 – 1] * (1+ 0.006667)/0.006667  FV = Rs 1,84,170.  So, at an estimated rate of return of 8%, the future value of a SIP investment of Rs 1,000 each month for 10 years is Rs 1,84,170.  How to compare two mutual funds? Read More Nature of investment (SIP/Lumpsum)  Money can be invested in mutual funds in two different ways. You have the option of making a lump-sum investment or a SIP.  1. Lump-sum investment You are allowed to invest a substantial amount of your available funds in the mutual fund plan of your choice. The profit from the sale of an asset or an inheritance can also be invested. The risk is increased when investing a lump sum, though. It is therefore always advised to use the SIP method.  2. Systematic investment plan (SIP)   In a Systematic Investment Plan, you tell the bank to take a set amount each month out of your savings account and invest it in a mutual fund plan. You won't have to worry about waiting until the ideal moment to enter the market because you can buy units continuously with this method. Additionally, you can profit from rupee cost averaging and take advantage of compounding. FAQs What is the formula for ROI calculation?   The formula for ROI (Return on Investment) calculation is:  ROI = (Net Profit / Cost of Investment) x 100.  How to make 5 crore in 5 years?  Making 5 crores in 5 years is a challenging financial goal that typically requires significant investment, entrepreneurship, or successful business ventures. It may involve high-risk investments, real estate development, or starting a profitable business. Success is not guaranteed, and careful planning and risk assessment are crucial. Consult with financial experts for personalized advice.  How do you calculate 100% ROI?  To calculate a 100% ROI, you need to double your initial investment. The formula for ROI is:  ROI = (Net Profit / Cost of Investment) x 100  If the ROI is 100%, it means that the net profit is equal to the cost of investment. In other words, you have earned back the entire amount of your initial investment, resulting in a 100% return on your investment.  TALK TO AN EXPERT

Starting a new school year can be an exciting time, but it can also be nerve-wracking, especially if you're attending a new school or transitioning to a higher grade level. The first day of school can set the tone for the rest of the year, so it's important to prepare as much as possible. https://www.youtube.com/watch?v=tdwqQH0xkFw Eight tips to help you prepare for the first day at school 1. Get organized Getting organized is one of the best ways to prepare for the first day of school. Make a list of all the supplies you need, such as textbooks, notebooks, folders, pens, pencils, and other materials. Gather all the necessary supplies and put them in a designated spot, such as a drawer or backpack. This will help you stay organized throughout the school year and ensure that you have everything you need for each class. 2. Review your schedule and school map If you have received your class schedule, review it carefully. Make note of the times, locations, and teachers for each of your classes. Familiarize yourself with the layout of the school, including where your classes are located, where the restrooms and cafeteria are, and any other important locations. This will help you feel more confident and less lost on the first day of school. 5 Tips to Apply for ART School Read More 3. Practice your routine If you're starting at a new school or taking a different route to school, practice your routine before the first day. Wake up early, get dressed, and leave the house at the same time you would on a school day. This can help you get into the habit of waking up early and ensure that you arrive at school on time. 4. Connect with classmates If you know other students who will be attending the same school or class as you, try to connect with them before the first day. This can help you feel more comfortable and less alone on the first day of school. You can connect through social media platforms or arrange to meet up with them before school or during lunchtime to catch up and get to know each other better. https://www.youtube.com/watch?v=VJ0F69KTZgs 5. Talk to acquaintances from the same school If you don't know anyone at your new school, don't worry. You can still connect with other students and make new friends. Consider reaching out to acquaintances or friends of friends who attend the same school. You can ask for advice, tips, and recommendations on how to navigate the school and make new friends. 6. Set goals Before the first day of school, take some time to set academic and personal goals for the upcoming year. This can help you stay motivated and focused throughout the year. Be sure to set realistic goals that are specific, measurable, and achievable. For example, you may want to aim for a certain GPA or to get involved in a specific extracurricular activity. Start SIP for Child Education 7. Be ready to face surprises No matter how much you prepare for the first day of school, there may still be some surprises. For example, you may have a substitute teacher on the first day, or your schedule may change unexpectedly. Try to stay flexible and open-minded, and don't be afraid to ask for help if you need it. 8. Get plenty of rest Finally, it's important to get plenty of rest before the first day of school. This means going to bed early and getting at least eight hours of sleep each night. Getting enough rest can help you feel more alert and focused on the first day of school, which can help you perform better academically. Conclusion In conclusion, the first day of school can be a daunting experience, but with the right preparation and mindset, it can be an exciting and enjoyable time. By following the tips outlined above, you can ensure that you are ready for the challenges and opportunities that lie ahead. Remember to take the time to get organized, review your schedule and school map, practice your routine, connect with classmates and acquaintances, set goals, be ready for surprises, and get plenty of rest.  The first day of school is just the beginning of a new academic year, and it's important to approach it with a positive attitude and an open mind. Embrace the opportunities to learn, grow, and make new friends, and don't be afraid to ask for help if you need it. With the right mindset, preparation, and support, you can make the first day of school a success and set yourself up for a great year. Good luck! FAQs How can I feel less lost on the first day of school? Review your class schedule and school map beforehand. How can I be on time for school on my first day? Practice your morning routine, including waking up and leaving at the usual school time. What should I do to prepare for my first day of school? Set goals for the year, get enough sleep, and be open to surprises on the first day. Talk To An Expert

In the previous article, we discussed foreign investment. In this article, we will discuss SIP investments. SIP, also known as a Systematic Investment Plan, is a facility offered by mutual funds to investors to invest in a fund properly. With a SIP facility, investors can invest a fixed amount of money in pre-defined intervals.   Note that the fixed amount of money can be as low as INR 500. The SIP route to investment is necessary as it helps you to invest in a time-bound manner. There is no need to worry about market dynamics when you are investing via SIPs. What is SIP investment?  Currently, Indian Mutual Funds have currently about 5.5 crore SIP accounts through which investors invest in various schemes. A SIP is one of the two ways in which you can invest in a mutual fund scheme. The other way to invest in mutual funds is through a lump sum amount. In a SIP, you essentially invest a fixed amount of your money on a specific date.   Note that every mutual fund comes with its own minimum investment amount that you have to strictly adhere to. To achieve financial success in our lives, we typically tend to work harder. And it is only by working hard that we can achieve our objectives in life. But with a SIP, your success is always in progress.   SIP allows you to invest in mutual funds monthly, quarterly, and step-by-step. It is essential to note here that SIP averages out your cost of investing. Moreover, with SIPs, you can benefit from the power of compounding. What makes SIPs stand out is their ability. SIP plans for child's education Read More Top 10 mutual funds for SIP to Invest in 2023 Here are the top ten mutual funds for SIP to invest in 2023:  Name of the Fund Asset Class Category DSP Tax Saver Fund Direct Plan Growth Option Equity India Fund: ELSS DSP Flexi Cap Fund Direct Plan-Growth Equity India Fund: Flexi Cap Quant Active Fund Growth Option Direct Plan Equity Multi-cap Axis Midcap Fund Direct Plan-Growth Equity Mid-cap Navi Nifty 50 Index Fund Direct-Growth Equity Index Fund - Nifty Navi Nifty Next 50 Index Fund Direct-Growth Equity Index Fund - Nifty Next 50 Axis Small Cap Fund Direct-Growth Equity Small Cap ICICI Prudential Technology Fund - Direct Plan-Growth Equity Thematic - Technology ICICI Prudential Balanced Advantage Fund Direct Plan-Growth Hybrid Dynamic Asset Allocation Tata Hybrid Equity Fund - Direct Plan-Growth Hybrid Aggressive Hybrid     https://www.youtube.com/watch?v=wEA3dKj7q5U How to invest in SIP?  Investing in a SIP has become pretty simple. As an investor, you can invest in SIPs right from the comfort of your home. Here are the necessary steps to follow while investing in a SIP.   1. Keep all the Necessary Documents Ready   You have to ensure that all the essential documents are ready before starting to invest. Since it is a long procedure, you can keep all the important documents handy like PAN card, ID proof, and address proof. Also, ensure that your bank account and PAN details are correct.   2. Get your KYC Done   Comply with KYC norms before investing in any financial product. For KYC registration, you can also apply online.   3. Register for a SIP   To start investing in a SIP, you need to register with financial advisors or institutions. After registering, you can choose from a large number of funds.   4. Select the Right SIP Plan for Good Returns   Selecting the right SIP plan is one of the most crucial aspects. If you fail to choose the right plan, it will be tough to get a good return on your overall investment. Before investing in a SIP, consider the below-mentioned parameters.   Risks associated with the SIP   The number of units involved in a SIP investment   The type of investor you are   Select the Amount: Select the amount you want to invest in the scheme How can you invest in SIP using EduFund?  Saving for your child’s education is easy when you have a financial partner to help you. From calculating the cost of education in different countries for different courses to saving via SIPs in 4000+ mutual funds from top AMCs like TATA, Navi, and DSP; you start at just Rs. 100!   Here is how simple it is to save with EduFund  Using the College Cost Calculator, find out how much you need to save for your child’s education   Once you know much you need, start saving via SIP or Lumpsum. You can get the monthly amount based on your budget and explore the customized funds that can help you get closer to your goal  After selecting the funds, allow the SIP mandate from your bank account or make a lump sum order. That's it! You are ready to fund your child’s dream education in no time!  SIP is a great way to reach long-term and short-term goals. You can start a SIP for saving up for your child’s college to his/her laptop by deciding how much you need to invest every month and when you need the funds for your set goal. Make the most of the financial instruments and start saving!   FAQs What does an SIP means? Systematic Investment Plans or SIPs is a popular way of investing in investment tools like Mutual Funds, ETFs and stocks. SIPs build financial discipline, help one build wealth for the future and a steady corpus for emergencies. You can start small and invest monthly in mutual funds. Is SIP better than FD? SIPs offer higher interest rates than FDs. Both are great investments to build future wealth. Which SIP is best for 1000 per month? Here are some good mutual funds to consider: DSP Tax Saver Fund Direct Plan Growth Option Equity India Fund: ELSSDSP Flexi Cap Fund Direct Plan-Growth Equity India Fund: Flexi CapQuant Active Fund Growth Option Direct Plan Equity Multi-capAxis Midcap Fund Direct Plan-Growth Equity Mid-capNavi Nifty 50 Index Fund Direct-Growth Talk To An Expert

Incorporated on December 10, 1999, HDFC Asset Management Company Ltd. is among India's most popular fund houses. HDFC Mutual Fund launched its first scheme in July 2000, and ever since it has been ambitious about offering a stable performance of funds across all the variants of schemes it offers. The HDFC Mutual Fund is managed by HDFC Asset Management Company (HDFC AMC) Limited.  Let us talk about the consumer product – HDFC Flexi Cap Fund  HDFC Flexi Cap Fund  Investment Objective The primary objective is to generate capital appreciation/income from a portfolio, predominantly invested in equity & equity-related instruments.   Investment Process  The fund follows the following approach to investing.  Focus on fundamentally strong companies with growth drivers in the medium to long term.  Focus on competitive position, corporate governance, and industry outlook.  Emphasis on valuation to assess risk-reward and provide a reasonable margin of safety.  A holistic approach to valuations without relying solely on traditional parameters like P/E or P/B.  Portfolio Composition  The fund had invested 90.85% of its assets in equity & equity-related stocks, 3.21% in real estate, and 5.94% in cash and cash equivalents. The significant sectoral exposure is to Banks, which account for roughly one-fourth of the portfolio. Note: Data as of June 30, 2023. Source: HDFC MF Top 5 Holdings  Name Weightage % ICICI Bank Ltd. 9.13 HDFC Bank Ltd. 5.62 State Bank of India Ltd. 5.28 Bharti Airtel Ltd. 4.71 Hindustan Aeronautics Ltd.  4.63 Note: Data as of June 30, 2023. Source: HDFC MF  Performance    This Fund S&P BSE 500 TRI Equity: Flexi Cap 1 Year 27.01% 18.66% 19.43% 3 Years 32.43% 24.46% 23.48% 5 Years 16.91% 13.71% 13.63% 10 Years 17.92% 15.33% 16.50% Note: Data as of June 30, 2023. Source: Value Research  Fund Manager  Ms. Roshi Jain (Since July 29, 2022) has over 17 years of experience in research and fund management. Before joining HDFC Asset Management Co Ltd in December 2021, she worked with Franklin Templeton India AMC Ltd. as a Vice President & Portfolio Manager. Ms Jain earned her Post Graduate Diploma in Management from the Indian Institute of Management, Ahmedabad, in 2002. She earned her Chartered Accountancy from the Institute of Chartered Accountants of India in 1998 with an All-India Rank 2. She is also a Chartered Financial Analyst (CFA) charter holder.   Who Should Invest in HDFC Flexi Cap Fund?  The fund is suitable for investors willing to invest across market cap. However, investors need to understand the aggressive risk exposure of this fund.  Why Invest in this Fund?  The fund provides an opportunity to invest in companies of various market caps.  Aims to provide diversification to an investor’s overall equity mutual fund portfolio.  Experienced fund management and research teams with a track record of managing equity assets across market cycles.  Emphasis on risk management – portfolio diversification across stocks and sectors; focus on good quality businesses.  One of the largest funds in the flexi-cap category.  Ideal Time Horizon  One should look at investing for at least three years or even more.  Investment through Systematic Investment Plan (SIP) may help in tackling the volatility of the broader equity market.  Conclusion  The HDFC Flexi Cap Fund has a proven track record of over 25 years, with an Asset Under Management of ₹36,345.36 Cr as on June 30, 2023. The fund has consistently outperformed both the benchmarks and the category average also. Therefore, investors looking to generate wealth over the long term can consider this fund with an understanding of high risk. 

In the previous article, we discussed CAGR in mutual funds. In this article, we will discuss what are index funds. If you are looking to benefit from the upward market movement, index funds are a great way to achieve that. Index funds are passive funds that follow specific market indices like the Bombay Stock Exchange or the National Stock Exchange of India. For instance, if an index fund is benchmarked against the BSE, its portfolio composition will mirror the holdings of the BSE. This implies that it invests in companies similar to BSE. This enables the index fund to move up and down as BSE does.   You must note that these funds are managed passively, and the fund manager simply replicates the movement and changing composition of the benchmark. No new research or analysis is brought in to evaluate whether investing in a certain company will help the fund in the long term.   Index funds are formulated and popularised on the basic premise that in the long run, stock markets will rise, and hence the index fund that closely mimics the original benchmark will also rise and bring growth to the investor portfolio. There are index funds that are benchmarked against different stock market indices and against different sectors. These give you the option to choose the segment of your interest. What makes index funds different?  According to Warren Buffet, index funds are a great place to park your money if you are looking at safe yet growth-oriented stock market options. This advice is based on a couple of facts that make index funds attractive to investors who do not want to shift their funds around very aggressively:  Index funds are passively managed  Index funds have a low expense ratio  Index funds match the profits and losses of the markets at large. And usually tend to perform equivalent or slightly lower than the benchmark  Index funds are invested on the premise that the market will always outperform any single stock  Investments in index funds will over a period of time keep your investments safe and growing at a steady pace as the economy and the market grows. Hence, these are recommended for investors close to retirement as good long-term investment options. What is the Russell 2000 Index? Read More How to invest in an index fund in India?  Investing in an index fund is similar to investing in any other mutual fund. It is important for you to understand what you are investing in, and not just put your money into some random investments.   As index funds are usually long-term investments and passively managed, it is important for you to be sure that the fund you select mirrors the stated index well.   Research: Research and analyze the index fund’s performance over the past few years against the benchmark index.   Check up on future opportunities: Look at how the market/industry you are planning to invest in is expected to grow in the future. You must understand the opportunity for the segment that your index fund will be investing in.   Map your investment goals: Check whether the overall portfolio composition of the fund matches your own investment expectations: high growth, safety, assured returns, and so on. Pick the one that is closest to your investment and returns expectations.   Check on fund expenses: Fund expenses must be studied and understood carefully especially if you are looking to shift large funds. High fund expenses could increase your trading costs unnecessarily over time. Simplified Guide to Index Funds Read More Risks and costs associated with index funds  Index funds move as the market moves, so it hardly ever outperforms the market.  It has little flexibility in cases of market crashes, the fund manager is not typically permitted to trade as a reaction to falling markets.   If the index fund does not truly mirror the benchmark index, it could affect your returns in the long run. This makes prior research very important.   It is worth noting that index funds with the lowest expense ratios track the benchmark index more accurately than others in the market. Word of caution Balance your portfolio with a combination of index funds and actively managed funds. This will help even out any major downsides that come with falling markets and bring more stability to your returns.   Be prepared to remain invested for up to a minimum of 7 years in the index fund if you wish to see some decent returns.  A few examples of popular index funds in India are:   IDBI Nifty Junior Index Fund Growth   ICICI Prudential Nifty 50 Index Plan Direct-Growth   UTI Nifty Next 50 Index Fund Direct-Growth  Index funds are a great tool to build your child’s education corpus fund. With the Indian economy growing, these funds will give you the growth that comes with the expanding markets. Start today, but make sure you do your due diligence before you part with your money.   FAQs What is an index fund and how does it work?  An index fund is a type of investment fund that aims to replicate the performance of a specific market index, such as the S&P 500. It works by holding a diversified portfolio of assets, mirroring the index's composition.  Is Nifty 50 an index fund?   No, Nifty 50 is not an index fund. Nifty 50 is a stock market index in India, comprising the 50 largest and most actively traded stocks on the National Stock Exchange (NSE). An index fund would be an investment fund that aims to replicate the performance of the Nifty 50 index.  What is an index fund in simple terms?   An index fund is like a basket of investments designed to follow the performance of a particular market index, such as the S&P 500. Instead of trying to beat the market, it aims to match its returns by holding a mix of assets like those in the chosen index.  Are index funds a good way to invest?   Ans. Yes, index funds are generally considered a good way to invest due to low costs, diversification, and potential for long-term growth.   Are index funds tax-free?   Ans. Index funds are not inherently tax-free. Investors may still incur taxes on capital gains and dividends when selling or receiving distributions from the fund, depending on their country's tax laws and individual circumstances.    What is a SIP in an index fund?   Ans. A SIP in an index fund involves regularly investing a fixed amount at predetermined intervals, promoting disciplined and gradual investment over time.    TALK TO AN EXPERT

Parenthood is a beautiful journey full of smiles, joy, and love. Every child is a prince or princess for the parent. Like in any fairy tale, every parent wants their child to live the life of the prince or princess. In real life, royal life means sending your child to the best school, graduating from top-quality universities, going abroad, and settling anywhere in the world. And to achieve this, parents are ready to do anything. But come to reality. Inflation in education is among the highest. Another major obstacle is rupee depreciation if you want the child to go abroad for education. So how can a parent do all this? https://www.youtube.com/watch?v=tdwqQH0xkFw Well, every parent can fulfill all the dreams of the child. How?  The answer lies in investing.  Let us see how parents can save and invest for their children between the ages of 1-5.  Money grows with time. The earlier you start, the more advantage you have. A slight delay in investing can result in a considerable difference over the long term. Hence, it is advisable to start saving as soon as possible. "Start early and invest properly" is the appropriate approach every parent needs to follow to make their child's dreams a reality.  But how to invest for the kids in the age bracket 1-5?  Investing depends on the risk appetite of the investor. How much risk you can take will determine how you should invest. And the risk appetite depends on the time you have in your hand. The time when you require the money will determine your risk-taking ability.  Generally, it is considered that the more time you have in your hand, you can take a higher risk and vice versa. When investing for the long term, you can take the risk aggressively. As the time in hand reduces, your risk-taking ability reduces, and you need to reallocate your money to safer avenues.  This can be better understood with the help of the following example. Suppose your child is 1-2 years old. Let us first list down what expenses you will have to incur. It will be fees for kindergarten, school fees, graduation, post-graduation, electronics such as a tablet or a laptop, living expenses, and the list continues. Investment Options Under 10 Lakhs Read More You need to identify the expenses that will be incurred in less than one year, three years, 3- 5 years, and after that. After identifying the expenses, you can decide how much risk you can take.  For the expenditure to be incurred in less than a year, liquid funds can be considered. A gilt fund or corporate bond fund can be a good choice for expenses to be incurred after one year but within three years. One can consider even a conservative fund. Aggressive funds, balanced advantage funds, or multi-asset funds can be suitable in the case of 3-5 years. And for expenditures beyond five years, equity funds will be the best option. Small-cap funds, mid-cap funds, flexi-cap funds, focused funds, etc., generate good returns over the long term. However, as you come closer to your goals, you need to move the funds from high-risk to less-risky ones.  It should be noted that the allocation should be based on the risk-taking capacity of the individual investor. The above are general rules of thumb. One can choose to invest based on his or her risk appetite. E.g., an aggressive investor might consider investing in a balanced advantage fund for expenditure to be incurred within three years.  Generally, investing for kids between the age group of 1-5 gives the luxury of having an ample amount of time in hand. As said earlier, the sooner you start, the less you need to save, and it becomes easy to reach your goal. E.g., if you want Rs.10,00,000 after five years, you need to start a SIP of Rs.11,290 only assuming an expected rate of return of 15%. However, you need to save Rs.15,330 per month to reach the same goal if you delay your investments by one year. So, start investing as soon as possible. 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 among 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 Equity Savings Fund.  https://www.youtube.com/watch?v=44SZNc03zBM UTI Equity Savings Fund  Investment Objective The investment objective of the Scheme is to provide capital appreciation and income distribution to the investors using arbitrage opportunities, investment in equity/equity-related instruments, and debt/money market instruments.   Investment Process   For Equity Investments: Sector selection combines top-down and bottom-up approaches going through short-term challenges and trading below long-term averages. Stock selection mainly involves Stocks trading at a deep discount to their intrinsic value and with signs of value unlocking. The focus lies mainly on stocks below their long-term averages or when it is cheap relative to market aggregates. Arbitrage opportunities arising out of mispricing in cash & future market. Opportunities that can provide regular accruals.  For Debt Investments: Debt portfolio is based on accrual strategy, focus on good credit quality, focus on low duration, tactical allocation on G-sec based on in-house view. Portfolio Composition  As a hybrid fund, the funds are allocated to equity, long-term debts, government securities, and non-current assets. The equity fund allocated 96.2% to large-cap funds, 3.8% to mid-cap. Note: Data as of 30th June 2023.Source: UTIMF Top 5 Active Stock Positions  Name Sector  % HDFC Bank Ltd. Banking 3.1% Infosys Ltd IT 2.9% ICICI Bank Ltd Banking 2.4% Larsen & Toubro Ltd Construction 2.1% ITC Ltd FMCG 1.9% Note: Data as of 30th June. 2023. Source: UTIMF  Performance Since Inception Note: Fund performance since launch; Inception Date – 30th Aug. 2018. Source: UTIMF Invest In Fund Fund Manager  Mr. V. Srivatsa is an Executive Vice President & Fund Manager –Equity at UTI AMC Ltd. He is a B. Com graduate, C.A., CWA, and has a PGDM from IIM, Indore. He has been with UTI AMC since 2002. Before joining UTI, he worked with Ford, Rhodes Parks & Co., Chartered Accountants for two years, and as Officer-Audit in Madras Cements Ltd. He started in the securities research department at UTI AMC, covering varied sectors such as Information Technology, Capital goods, and metals. He was promoted as fund manager offshore in December 2005 after a three-year stint in the DOSR. He was given additional responsibilities for the equity portion of hybrid funds in October 2009. He reports to the Head – Of equities for both the domestic & hybrid equity schemes.  Mr. Sunil Patil is Executive Vice President & Fund Manager – Debt. He joined UTI AMC in October 1989. He has 28 years of experience in Primary Market Investment / dealing and Fund Management.  Who Should Invest?  Investors looking for overall portfolio diversification.  Investors who want growth with limited downside risk to their portfolio  Investors looking for tax-efficient returns  Retirees looking for moderate and stable returns with low volatility  First-time investors to the Mutual Fund  Why Invest?  Diversified portfolio construct that limits the volatility   Aims to create long-term wealth creation by investing in companies that generate economic value   Portfolio management within well-defined investment philosophy & investment process Around 27 years of Performance track record  Tax efficiency due to equity taxation   Competitive expense structure   Ideal Time Horizon  Ideal for investors with a time horizon of three years and above.   Investment through Systematic Investment Plan (SIP) may help in tackling the volatility of the broader equity market.  Conclusion  The equity portion of the fund's portfolio is managed actively with both top-down and bottom-up stock-picking approaches. In contrast, the debt portion is managed with a focus on good credit quality and low duration. The fund has underperformed the benchmark since its inception. Hence, investors should remain invested long-term to witness alpha generation. 

As a grandparent, you have a unique opportunity to shape your grandchildren's lives, including their financial well-being. By offering guidance and support, you can empower them to make wise financial decisions and build a secure future. In this blog post, we will explore practical tips to help your grandchildren financially.  Whether it's teaching them about money management, fostering good saving habits, or providing educational resources, these tips will equip your grandchildren with the tools they need to thrive. Secure Their Future: 7 Ways to Support Grandchildren Financially 1. Start early  Teaching the basics of money management and financial education is a lifelong journey, and the earlier it begins, the better. Introduce your grandchildren to basic concepts like budgeting, saving, and spending wisely.  Help them understand the value of money and the importance of setting goals. Encourage open discussions about finances and make it a point to answer their questions patiently. By instilling these fundamental principles early on, you lay a solid foundation for their financial future. Start Saving with EduFund 2. Encourage saving habits  Saving is a crucial habit that can benefit your grandchildren throughout their lives. Encourage them to save by setting up a savings account or piggy bank specifically designated for their goals. Teach them the concept of delayed gratification, where they save for something they desire rather than giving in to impulsive spending.  Consider matching their savings contributions or offering small incentives to motivate them. By nurturing their saving habits, you teach them the value of patience, discipline, and long-term planning. Reasons to Start Saving Early Read More 3. Introduce the power of compound interest Teaching your grandchildren about compound interest is a valuable lesson that can greatly impact their financial future. Explain how their money can grow exponentially over time by earning interest on both the initial amount and the accumulated interest.  Illustrate this concept through examples or interactive activities to make it more relatable and engaging. Encourage them to start saving early to take full advantage of the power of compound interest. Start SIP with EduFund 4. Support financial education  In today's digital age, there are numerous resources available to enhance financial literacy. Encourage your grandchildren to explore online courses, podcasts, books, or videos that cover various financial topics. Consider gifting them educational books on personal finance or subscribing to a financial magazine or newsletter that can provide valuable insights. Additionally, you can help them navigate through complex financial terms and concepts, ensuring they have a solid understanding of financial matters. SIP Plans for Child Education 5. Teach responsible credit card usage  Credit cards are a useful financial tool, but if used irresponsibly, they may also result in debt. Talk to your grandkids about the benefits and drawbacks of credit cards, emphasizing the necessity of making prompt, complete payments in order to avoid incurring interest fees.  Teach them to utilize credit cards for convenience instead of reckless spending. Inform them of the possible repercussions of taking on debt and the long-term effects it may have on their financial stability. https://www.youtube.com/watch?v=tdwqQH0xkFw 6. Start a fund for their college Introduce the idea of investing to your grandkids, as well as the possibility of building long-term wealth. You can start a small fund for their college to encourage them. Teach them about investing choices, including stocks, bonds, and mutual funds. Starting an education fund for them will help them a lot in the future. They can use those funds to sponsor their entire college education. This is a great financial relief because often students end up taking big loans that they have to pay off for years after their college ends.  Set Short Term and Long Term Goals 7. Teach the value of budgeting  Making efficient use of a budget is a crucial skill that your grandkids may develop. Show students how to make a budget by keeping track of their earnings, costs, and savings. Explain the difference between needs and wants, highlighting the need of giving priority to necessary costs and making thoughtful financial decisions.  Introduce them to applications or tools for budgeting that can make the process easier and promote ongoing budget evaluations. Early budgeting practices provide your descendants with the capacity to make wise financial decisions and avoid needless debt. College Student Guide To Budgeting Read More 8. Write them into your will If you're a grandparent, you undoubtedly want what's best for your grandkids. You want them to be happy, healthy, and equipped with all they need to thrive in life as they grow up. Additionally, if you're a typical grandmother, you want to be prepared to assist them when necessary. But here's the thing: there are certain things we don't know about, like how to give them money or how we can help financially, when it comes to aiding your grandchildren financially. How then can you ensure that your grandchildren receive the necessary financial support? You should include them in your will as one of your actions. They will receive all they are due when you pass away and your inheritance is distributed in accordance with your desires, regardless of the mischief they got themselves into in the interim. You may have a big effect on your grandchildren's financial situation by using the advice in this article. Building a solid financial foundation requires taking several important actions, including starting young, teaching money management skills, encouraging saving behaviors, and supporting financial education.  Your descendants will have the skills and attitude necessary to successfully manage the complexity of personal finance and ensure a wealthy future if you inculcate these principles and information in them. Keep in mind that your advice and encouragement might have a long-lasting impact on their life. Talk To An Expert

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. ICICI Prudential Mutual Fund offers products across asset classes. ICICI Prudential Banking and Financial Fund  Investment Objective The scheme's primary objective is to generate long-term capital appreciation to unit holders from a portfolio that is invested predominantly in equity and equity-related securities of companies engaged in banking and financial services.  Investment Process   Portfolio construction: The scheme will invest a minimum of 80% of its total assets in stocks of companies engaged in the banking and financial services sector, including banking, broking, asset management, wealth management, insurance, non-banking financial companies (NBFC), and other companies that may be engaged in providing financial services.  Benchmark agnostic: While the Scheme’s performance is benchmarked against Nifty Financial Services TRI, it may opportunistically invest in companies outside the same.   Investment Approach: The scheme invests across market capitalizations and uses a combination of growth and blend investment style.  Portfolio Composition  As per its investment objective, the equity exposure is significant to stocks of companies engaged in the banking and financial services sector. The funds are invested primarily in large-cap companies with approximately 81% exposure to large-cap stocks, approximately 15% to mid-cap stocks, and the remaining 4% to small-cap stocks. Note: Data as of 31st May. 2023. Source: ICICI Pru AMC, Value Research  Top 5 Holdings for ICICI Prudential Banking and Financial Fund Name Sector Weightage % HDFC Bank Ltd. Bank 17.41 ICICI Bank Ltd. Bank 17.16 State Bank of India Ltd. Bank 9.34 Axis Bank Ltd. Bank 8.09 HDFC Ltd. Finance 5.3 Note: Data as of 31st May 2023. Source: ICICI Pru AMC Performance Since Inception  If you had invested 10,000 at the fund's inception, it would now be valued at Rs 95,580. Note: Fund performance since launch; Inception Date – 22nd August 2008.  Source: icicipruamc.com The fund has performed consistently and has generated an annualized return of 16.4% since inception. It has outperformed its benchmark except for the five-year period.  Invest in the fund Fund Manager  The fund is ably managed by Roshan Chutkey, who has over 12 years of experience and manages five funds.  Who Should Invest in ICICI Prudential Banking and Financial Fund?  This scheme is suitable for investors who aim to invest predominantly in companies engaged in banking and financial service and achieve goals like tactical solutions and wealth creation.  Why Invest in ICICI Prudential Banking and Financial Fund?  The banking and financial services sector proxies India's growing economy since every aspect of the economy is influenced by it.   It allows investors to invest in companies engaged in the banking and financial services sector across all market caps.   Time 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 scheme provides access to well-researched companies engaged in the banking and financial sectors that provide a higher return potential. This allows investors to have exposure to one of the most critical sectors that play a crucial role in the development of any economy. Also, the fund has consistently outperformed its benchmark except over five years. Hence, investors seeking to invest for a long-term time horizon to generate high returns with higher risk through exposure to the banking and financial sector can consider this fund. DisclaimerThis is not recommendation advice. All information in this blog is for educational purposes only.

Your child’s expenses do not remain constant all the time. As the child gets older, the expenses start to increase. Expenses like school fees, tuition fees, living expenses, and expenses incurred on other necessities of education such as stationery, electronic gadgets, etc. All these increases as your child grows older.    Parents need to follow the right investing approach to keep pace with potential costs. If not appropriately invested, you may end up having insufficient funds when required, and the stakes can be huge since it is the question of your child's future. Hence, in this article, we will explore what would be the correct approach to investing and how the investments should be made by parents having kids between the age group of 5-10 years.  https://www.youtube.com/watch?v=tdwqQH0xkFw What should be the correct approach to investing, and how to invest?  If you are a parent having a kid between the ages of 5-10 years, you need to be very serious about your investments because you are going to witness a sharp increase in the education expenditure of your child.   The reason is that in the next 4-6 years, your child will complete his secondary education and then be required to take admitted to college. College fees are not the only significant expenditure that you will incur. It is only the tip of the iceberg. Apart from the college fees, you may have to pay the class fees, especially if your child is willing to pursue courses such as engineering from IIT or an MBBS or an MBA from IIM.   Since the courses mentioned generally require the entrance exams to be cleared, the preparation starts much earlier, and you may incur significant outflow from your savings. And remind you; education inflation is among the highest of all the categories. Therefore, you should start investing as soon as possible.   Smart Investment for Kids 1 to 5 years Read More How to do that?  Step 1: First, identify the expenses that you will be required to incur and bifurcate them based on when they will be incurred, such as expenses to be incurred within a year, within 1-3 years, after three years, etc.  Step 2: Once you bifurcate the expenses into these categories, you need to quantify the expenditure. Since the expenses will always be increasing due to inflation, you need to find out how much you will be required to pay; otherwise, you might end up having insufficient funds due to investing less than the required amount. To estimate the education expenditure, you can use the help of our cost calculator.  Step 3: After estimating the amount and timing of expenditure, you need to estimate how much you need to invest to reach the goal. You can do so by using the SIP calculator.   Step 4: Once you find out how much you are required to invest every month, the next step is to determine where to invest. Generally, the longer the duration, the higher the risk-taking ability, and vice versa. A longer duration gives you a chance of recovery if something goes wrong. This is not the case in case of expenditure to be incurred within one year. Hence the risk tolerance decreases as the time horizon reduces.  For long-term time horizons such as 3 to 5 years or even more, investors can consider investing in small cap, mid cap, flexi cap, or focused funds. These funds provide good potential for capital appreciation over the long term. And the volatility also reduces over the long term. For investments with a time horizon of 1-3 years, hybrid funds such as conservative or balanced advantage funds can be suitable since they provide the advantage of both portfolio stability and limited growth potential. Also, an aggressive investor can consider investing in a multi-asset fund that provides diversification across various asset classes such as equities, debt, gold, etc. At the same time, a risk-averse person can consider the debt funds such as gilt-edge funds or dynamic bond funds for the said time horizon. And lastly, debt funds such as liquid funds should be considered for expenditure to be incurred within a year.  Please note the allocation to various types of mutual fund schemes depends on the individual's risk appetite. You need to determine how much risk you can take, and accordingly, you need to select funds for investing.  Step 5: The last step is rebalancing. You just cannot start investing and leave it as it is. It would help if you rebalanced your portfolio from time to time. As you come closer to your goal, you need to reallocate your investments to lesser risky funds since you cannot take high risks as you come closer to your goal.  So, this is the step-by-step guide for investing in your child. Hope you found this article useful. Thanks for reading!  Talk To An Expert

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. DSP Global Innovation Fund of Fund This is an International Fund of Funds, FoFs (Overseas/ Domestic) fund with MSCI ACWI Net Total Return as its benchmark. It was launched in February 2022 and had an AUM of more than Rs. 501 crores as on May 31, 2023. The risk level for this fund is categorized as Very High Risk.  Investment objective  The primary investment objective of the scheme is to seek capital appreciation by investing in global mutual fund schemes and ETFs that primarily invest in companies with innovation themes having the potential for higher revenue and earnings growth. The scheme may also occasionally invest a certain portion of its corpus in money market securities and/or money market/liquid schemes of DSP Mutual Fund to meet liquidity requirements.  Investment process  DSP Global Innovation Fund Fund invests globally in the innovation theme via companies that are either market-leading dominators, game-changing disruptors, or connecting enablers through a mix of different investing styles, market-caps & fund managers.  It does this by investing in international funds across the active & passive space, which in turn invests in companies across multiple innovation themes and sectors such as Biotech, Aerospace & Defence, Fintech, E-Commerce, Mobility, Internet & interactive media, Semiconductors, and more.  Portfolio Composition  The fund had invested approximately 97% of the assets in equity, and the remaining were held in cash and cash equivalents.   Note: Data as of May 31, 2023. Source: DSP MF Performance:  If you had invested Rs.10,000 at the fund's inception, it would now be valued at Rs 10,355. Note: Data as of May 31, 2023. Source: DSP MF The fund has given a return of 15.04% in one year and has generated a CAGR (Compounded Annual Growth Rate) of 2.74% since inception. Since the fund was launched just a year ago, investors should remain invested long-term to witness wealth creation. Invest in the Fund Fund Manager Jay Kothari  Jay Kothari, Vice President & Product Strategist -Jay has been with DSP Mutual Funds since May 2005 and has been with the Investment function since January 2011. Jay joined the firm as a Sales team (Banking) member in May 2005. Before joining DSPAM, 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.  Kedar Karnik  Kedar joined DSP Mutual Funds from Axis Asset Management and has over 17 years of investment experience. He has done his Masters in Management Studies from Jamnalal Bajaj Institute of Management Studies. He has over a decade of investment experience. He has previously worked with HSBC Asset Management and CRISIL Ltd.  Who Should Invest in the DSP Global Innovation Fund of Fund?  Consider this fund if you:  Are you an experienced Indian investor with a well-set core portfolio, looking to diversify no more than 10-15% of your portfolio internationally?  Love the theme of innovation & its investment potential and recognize that the future is powered by those focused on re-imagining the world.  Value international diversification & want to hedge your bets.  Have the patience and mental resilience to remain invested for a decade or more.  Do not always chase the highest possible returns.  Why Invest in this Fund?  To participate in cutting-edge next-gen themes like Artificial Intelligence, Machine Learning, Robotics, Cloud Infrastructure, Social Media, OTT, Digital Transformation & more.  To own companies that have demonstrated higher growth & also have higher earning growth expectations.   To get access to international companies that may be difficult for Indian investors to invest in directly- especially since major innovations have happened outside India.  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 Global Innovation Fund of Fund gives investors exposure to international companies engaged in the technology sector. Thus, it is the best option for investors seeking long-term capital growth and investment in units of overseas funds that invest primarily in equity and equity-related securities of technology companies with high risks. Investors need to stay invested long-term to reduce volatility and witness the benefits of compounding. DisclaimerThis is not recommendation advice. All information in this blog is for educational purposes only. 

Incorporated on December 10, 1999, HDFC Asset Management Company Ltd. is among India's most popular fund houses. HDFC Mutual Fund launched its first scheme in July 2000, and ever since it has been ambitious about offering a stable performance of funds across all the variants of schemes it offers. The HDFC Mutual Fund is managed by HDFC Asset Management Company (HDFC AMC) Limited. HDFC Trustee Company Limited is the trustee of the mutual fund. The HDFC Mutual Fund is sponsored by the Housing Development Finance Corporation Limited (HDFC Ltd.) and Standard Life Investments Limited. HDFC Capital Builder Value Fund  Investment objective The scheme aims to achieve capital appreciation/income in the long term by primarily investing in undervalued stocks.   Investment process   Undervalued stocks are generally those that are trading at prices below their intrinsic value as measured by potential earnings or asset values and/or future cash flow growth.  The scheme endeavors to maintain a minimum of 60 % of the portfolio in companies that are trading at multiples lower than the Median P/E (Price/Earnings) or Median P/B (Price/Book Value) of the NIFTY 500 Index or below the five-year historical average of own trailing P/E or P/B.  Portfolio composition  The portfolio holds significant exposure in equity & equity-related instruments at 99.19%, and significant sectoral exposure is to Banks, which account for roughly 29.37% of the portfolio. The top 5 sectors hold more than half of the portfolio. Note: Data as of May 31, 2023. Source: HDFC MF Top 5 Holdings for HDFC Capital Builder Value Fund Name Weightage % ICICI Bank Ltd. 9.70 HDFC Bank Ltd. 9.07 Infosys Ltd. 6.82 Axis Bank Ltd. 5.11 Bharti Airtel Ltd.  4.66 Note: Data as of May 31, 2023. Source: HDFC MF   Performance   This Fund Nifty 500 TRI Nifty 50 TRI   CAGR CAGR CAGR 1 Year 14.46% 12.74% 12.94% 3 Years 28.03% 27.61% 26.02% 5 Years 9.58% 12.35% 12.89% 10 Years 14.92% 14.19% 13.33% Since Inception 13.97% NA 10.90% Note: Data for Regular Plan as on May 31, 2023. Source: HDFC MF  Invest in Funds Fund Manager  Mr. Gopal Agarwal (Since December 10, 2021) has over 19 years of experience in Fund Management and 2.5 years in Equity Research. Before HDFC AMC, he worked at DSP Investment Managers Private Limited, TATA Asset Management Company Limited, and Mirae Asset Global Investments (India) Pvt. Ltd.   Who Should Invest in HDFC Capital Builder Fund?  This scheme is suitable for investors who  Intend to invest in undervalued companies.  Would like to invest in a diversified portfolio with a long-term horizon.  Want twin benefit of earnings growth as well as re-rating of valuation multiples.  Are looking for a sound and disciplined approach to investing in volatile times.  Why Invest in this Fund?  The fund follows a diversified multi-cap strategy with a value bias.  There is an emphasis on investing in undervalued stocks with a reasonable margin of safety.  Investors with long-term horizons can benefit not only from earnings growth but also from the re-rating of multiples.  The fund is an actively managed diversified equity portfolio that invests across sectors without a market cap bias.  Time Horizon  One should look at investing for at least 3-4 years or even more.  The fund is open-ended. One can invest any time in this fund.  Conclusion  The HDFC Capital Builder Fund has outperformed both benchmarks consistently except for a five-year period. With an Asset Under Management of ₹5,534.27 Cr as on May 31, 2023, it is one of the largest funds in the value category. Therefore, the fund is suitable for investors looking for long-term wealth creation with an understanding of high risk. However, investors must remain invested for a long-time horizon to witness wealth creation.   DisclaimerThis is not recommendation advice. All information in this blog is for educational purposes only.