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UTI is one of the pioneers of the Indian Mutual Fund Industry. With an AUM of more than 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. https://www.youtube.com/watch?v=tdwqQH0xkFw UTI Nifty50 Equal Weight Index Fund  Investment Objective The investment objective of the scheme is to provide returns that, before expenses, correspond to the total return of the securities as represented by the underlying index, which is Nifty50 Equal Weight TRI, subject to tracking error.  Investment Process   UTI Nifty50 Equal Weight Index Fund follows a passive style of investing; that is, it invests in all the companies forming part of the Nifty50 Equal Weight Index (the underlying index) in the same proportion of the underlying index to earn a return as much as the underlying index, before expenses.     Portfolio Composition  The scheme had invested 98.52% of its assets in equities, and the remaining were cash and cash equivalents as of June 30, 2023. The scheme had significant exposure to financial services, followed by Automobile and Auto Components and Information Technology.  Note: Data as of June 30, 2023. Source: UTIMF, Value Research  https://www.youtube.com/watch?v=mVTKhy6XJME Top 5 Holdings Name Sector Weightage % Sun Pharmaceuticals Industries Ltd. Healthcare 2.03% Infosys Ltd. Information Technology 2.02%  Bajaj Auto Ltd. Auto and Auto Components 2.02% Tata Motors Ltd. Auto and Auto Components 2.02% JSW Steel Ltd. Metals and Mining 2.02% Note: Data as of June 30, 2023. Source: UTIMF Performance Since Inception  If you had invested 10,000 at the fund's inception, it would now be valued at Rs. 10,242, whereas the benchmark (Nifty50 Equal Weight TRI) would have fetched Rs. 10,501. Since the fund was launched just a month ago, monitoring how the fund tracks the underlying index in the long term will be essential.  Note: Performance of the fund as on June 30, 2023, since launch; Inception Date – June 07, 2023. Source: utimf.com Invest in Fund Fund Manager Sharwan Goyal is Fund Manager and Head - Passive, Arbitrage, and Quant strategies at UTI AMC. He is a CFA Charter holder from CFA Institute, USA, and holds a post-graduate degree in Management (MMS) from Welingkar Institute of Management, Mumbai. He has over 16 years of experience in Risk Management, Equity Research, Portfolio Analysis, and Fund Management at UTI AMC.  Who Should Invest?  This product is suitable for investors who are seeking:  Capital Growth in tune with Index returns.  Passive investment in equity instruments comprised in Nifty50 Equal Weight TRI.  Why Invest?  The index offers exposure to the Top 50 large companies on the NSE with equal weight (~ 2% to each stock) with quarterly rebalancing.  The index aims to benefit from the growth opportunities across stocks/ sectors rather than just relying on the performance of a few heavy-weight stocks/sectors.  The index represents smart and intelligent investing through "Auto Quarterly Rebalancing" and thus enables "Auto Profit Booking."  Ideal Time 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  Investing by replicating Nifty50 Equal Weight TRI is a better approach to investing in large-cap companies. Historical data shows that the Nifty50 Equal Weight TRI has generated better returns than the Nifty 50 with lesser volatility. Therefore, this scheme suits investors looking for a simple yet smart way of investing in the Top 50 companies. However, monitoring how efficiently the fund tracks the underlying index over the long term will be crucial. DisclaimerThis is not recommendation advice. All information in this blog is for educational purposes only. 

Small-cap funds are flooded with funds. Investors are heavily pumping money into small-cap equities in the hope of high returns. Investors have put in more than Rs. 33,040 crores in small-cap funds from April-2022 till June-23. Net inflows in mutual funds It can be inferred from the data released by AMFI that the investors are taking aggressive bets by flocking into high-risk funds such as small-cap, mid-cap, and thematic funds. The reason behind such a huge increase in small-cap investments is the returns given by small companies in the recent past. Nifty 250 TRI Rolling Returns The average returns delivered by small-cap funds in the last 1 year is 30.92% compared to the average return of 20.96% of the large-cap funds. Clearly, the returns delivered by small caps are way higher than the large caps. But, what about the risk? Aren’t the small cap equities too risky compared to the large caps? Let us see what the data says.  Volatility in price As can be inferred from the above graphs, the returns delivered by small caps are well above the large caps and contrary to the general perception, the volatility in the prices is not significantly higher than the large caps. After looking at this, now the question arises whether investors should continue to invest in the small-cap funds, or should they hit a pause on investing in the small-caps and book some profits. Let us try to find out.  Valuations: The first parameter the investors look at is the valuation. Are the small-cap companies overvalued? Let us look at the P/E ratio.  Nifty small cap 250 PE Although P/E alone cannot be used to conclude whether the companies are overvalued or not, it can be used to get a quick idea about the relative valuations of the companies. And as can be seen in the above chart, the current state of P/E does not suggest that small-cap companies are extremely overvalued.  Small Cap Premium: In a paper titled “The Relationship Between Return and Market Value of Common Stocks,” Rolf W. Banz concluded that the common stocks of smaller firms outperformed the common stocks of larger firms on a risk-adjusted basis. Many have argued that the inference drawn in the said paper does not hold good in today’s world. However, this has always been the case for developing economies like India where smaller companies have outperformed the large caps by a significant margin.  India’s Growth Story: India is a developing nation, and we are growing at the fastest rate. Small-cap companies are expected to benefit disproportionately higher than large-cap companies from such high growth. The primary reason behind this is the smaller base of the small companies which translates into higher growth in relative numbers. And secondly, it becomes difficult for large companies to grow faster due to their large size.   Volatility: As seen earlier, the volatility of small-cap companies reduces significantly over a longer period. Hence, small-cap companies are not as volatile in the long run as we generally perceive.  Conclusion  Small-cap equities offer tremendous growth potential over the long term, especially in a growing economy like India. However, it is possible that investors might not see extremely high returns in the short term. But stopping investments based on this rationale implies nothing but trying to time the market and doing so may prove to be harmful if the markets do not correct. Hence it is advisable to continue to invest for the long term keeping in mind the said factors

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. 

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

Investing is an art, a game of numbers and strategy that has the power to shape our financial futures. But when it comes to investing, one size doesn't fit all. Every individual has unique goals, preferences, and risk tolerance which determine the type of investor they are.  Are you an adventurous risk-taker, or do you prefer a more cautious approach? Are you actively involved in managing your investments, or do you prefer a hands-off approach? By identifying your investing style, you can make more informed decisions and tailor your portfolio to suit your individual needs. What type of investor you are? 1. Risk-Averse Investor For some individuals, the thought of losing money is enough to keep them awake at night. They prioritize the preservation of capital over high returns. Risk-averse investors tend to choose low-risk investment options, such as government bonds, money market funds, and certificates of deposit (CDs). They give importance to stability and are more comfortable with predictable, albeit lower, returns. 2. Risk-Tolerant Investor On the other end of the spectrum, we have risk-tolerant investors. They are thrill-seekers, willing to take on higher levels of risk in pursuit of higher rewards. Risk-tolerant investors are often attracted to aggressive investment options, such as growth-oriented mutual funds, individual stocks, and alternative investments like real estate or commodities. They understand that with higher risk comes the potential for greater returns, but also the possibility of significant losses. 3. Active Investor Active investors are hands-on participants in the investment process. They actively research, analyze, and monitor their investments. They make frequent trades, seeking to take advantage of short-term market fluctuations. Active investors often enjoy the thrill of the chase and the potential for quick gains. They keep a close eye on market news, company earnings reports, and economic indicators to make informed decisions. Guide to Investing in US ETFs Read More 4. Passive Investor In contrast to active investors, passive investors prefer a more laid-back approach. They believe in the efficiency of the market and aim to match the overall market returns rather than trying to beat it. Passive investors typically invest in index funds or exchange-traded funds (ETFs) that track a specific market index, such as the S&P 500. They benefit from diversification and low fees, and they tend to have a long-term investment horizon. Note: Finding your investor type is not a one-time decision but a reflection of your evolving financial goals, circumstances, and risk appetite. It's essential to understand that your investor type can change over time as you gain more experience or undergo life changes. Moreover, a balanced approach to investing can often yield the best results. 5. Assessing Your Risk Tolerance Apart from determining your investment style, understanding your risk tolerance is crucial for successful investing. Risk tolerance refers to your ability to endure market volatility and the potential loss of capital. While aggressive investors are comfortable with higher levels of risk, conservative investors prefer lower-risk investments to protect their principal. It is important to strike a balance between your risk tolerance and investment objectives to ensure your investment strategy aligns with your financial goals. https://www.youtube.com/watch?v=tdwqQH0xkFw Introducing EduFund: Investing Made Easy for Parents Now that you have explored the various types of investors, it's important to mention EduFund, a platform designed to empower parents in their investment journey. Investing is not limited to individuals; it extends to families and their futures. As parents, we strive to provide the best opportunities for our children, including their education. EduFund understands the importance of investing in your child's future and empowers parents to become smart investors. EduFund offers a comprehensive solution that educates parents about the risks and benefits of investing. The platform provides valuable resources such as blogs, quizzes, and weekly insights to help parents deepen their understanding and make informed decisions. Whether you are a risk-seeking adventurer or a risk-averse cautious investor, EduFund caters to your unique needs. What sets EduFund apart is its commitment to empowering parents with knowledge and resources. Through the EduFund app, parents have access to a wealth of educational materials, including blogs, quizzes, and weekly insights. These resources help parents understand various investment concepts, debunk myths, and make informed decisions. One of the key advantages of EduFund is its emphasis on autonomy. Parents have full control over their investment decisions, allowing them to align their investments with their financial goals. However, EduFund also recognizes that investing can be daunting, especially for those new to the world of finance. That's why they provide expert guidance whenever needed. Parents can seek assistance from experienced professionals who can answer their questions and address their concerns. Investing in your child's education is an investment in their future success. EduFund helps you navigate the world of investments with confidence, ensuring that your child's educational aspirations are within reach. Join EduFund today and embark on a journey toward securing a bright future for your child. Understanding your investor type is crucial for achieving your financial goals. By reflecting on your risk tolerance and level of involvement, you can align your investment strategy with your unique preferences. Whether you identify as an adventurous risk seeker or a cautious capital preserver, EduFund is there to support you every step of the way, providing education, autonomy, and expert guidance. Begin your investment journey with confidence and empower your child's future through the power of EduFund.

Every year, schools increase their annual fees in India. The average school fees in India range between Rs. 50,000 to 1,00,000 per annum. The increase in response to the rising cost of all goods and services (that is the result of education inflation!). It’s tough to keep up with these costs, especially in a competitive world where your child deserves all the advantages they can amass. Since education is unavoidable and an integral aspect of a child’s development, here are some tips to save for your child’s school fees. 5 ways to save for your kid's dream college! https://www.youtube.com/shorts/N6RKPu_zoY8 1. Cut costs and budget Cost cutting and budgeting is the first step to saving. Create a monthly budget, and find out how much you need to cover your major expenses like rent, utilities, emails, travel, and food. Once you know where your money is going, you will be able to control your expenses and figure out the areas where you overspend and where you can cut costs! Removing small expenses from your budget can make a huge difference in your overall budget. Cost of School Education in India Read More 2. Government schemes and scholarships Another way to deal with the rising school fees is to make use of government scholarships and schemes. Schemes like the PM Young Achievers Scholarship Award Scheme (Yasasvi), Beti Bachao Beti Padhao schemes, and Girls Hostel Scheme for available for young children and encourage them to access quality education. There are other schemes like sibling discounts that private schools may offer if you enroll more than one child at their schools, this can either be in the form of fee waivers or concessions. Apply for Scholarships 3. Passive income Creating passive income is a great way to save up for your child’s school fees. Passive incomes can help you take care of small and big expenses Some quick ways to generate a passive income stream is by renting a spare room, apartment floor, or your car. Take up consultancy jobs or freelancing to create a secondary income that can over time become a passive income for you and your family. 4. Stocks: Indian and US Investing is another option for parents whose children are in school. Investing in stocks can help you expand your savings and beat inflation. Investing in us stocks offers even more benefits – it is an opportunity to invest in big companies with global reach and get returns in dollars. Stocks are risky instruments and the potential to gain is as high as loss – understand the risk and consult professionals before investing your life savings. 5. Mutual Funds Mutual funds are a great way to save up for the future education is a definite event and you need to save for a child’s fees. Mutual funds offer great returns and are highly liquid-able which means you can withdraw your money whenever you want but be aware of the exit fees that may be charged on premature exit. Consult a professional to find out the best mutual funds, and explain your time horizon, risk appetite, and how much you can spare monthly. Once you know these answers, you can invest in the funds based on your financial goals! Start Investing in Mutual Funds 6. Public provident funds It's always good to balance your portfolio. If you are investing in risky instruments then consider tools like PPF, FDs, or RDs to save up some school fees or other expenses. You can use the interest generated on these instruments to pay for certain expenses. These are risk-free investments with fixed interest rates which makes them ideal for long-term risk-averse individuals! To avoid financial worries later, start saving sooner! Connect with the best advisors from EduFund to make saving and investing easier for your child’s higher education. https://www.youtube.com/watch?v=OQlg-E5rhBM&t=4s FAQs How to save for your kid's school fees? There are many ways to save for your kid's school fees. Some of them are investing for your child's education expenses, you can use mutual funds, US stocks, and Indian stocks, and even opt for FDs and PPF schemes. Another is to look for schemes and scholarships that can help you reduce the cost of studying at schools and colleges. Why are school fees increasing rapidly? The reason why school fees are rising is due to education inflation, privatization, lack of government control, demand for private schools, and high competition. As Ashneer Grover said, the demand for coveted schools is higher than the current supply, which gives existing schools an advantage in terms of raising their fees and demanding high annual tuition every year. What is the best way to save for your child's school? The best way is to start a SIP in a mutual fund that can help you manage the costs of your child's education. EduFund offers class-wise buckets for saving for school fees. So if your child is in 5th grade and you want to invest then you can choose the 5th grade investment bucket designed by experts and start saving.

Investing isn’t about beating others at their game. It’s about controlling yourself at your own game.  -By Benjamin Graham  When it comes to investing, many investors restrict themselves to only India. This may be because of a lack of knowledge, expertise, a certain perspective, and/or many other factors. Let’s simplify the equation of whether should you consider investing in the US market or not.  When you invest in the US market, there are two returns that an Indian investor gets:  Returns from rupee depreciation Return that the US market is generating Rupee depreciation against the Dollar  When the rupee becomes less valuable with respect to the dollar, that means the rupee has depreciated. This means that to buy 1 USD, we need to pay more rupees than we used to pay earlier.   Due to Interest Rate Parity, inflation is likely to be higher in emerging economies like India because of the growth and inflation in developed counties will always be lower. Because of this difference in inflation and interest rate, the currency of an emerging economy is likely to depreciate. So, if we look at the rupee, it has depreciated by almost 4% annually in the last 10 years. If we look at the graph below, we can see that every year the rupee has depreciated.   Source: EduFund Research Team Note: Period understudy is between Jan’12-Dec’21.  Therefore, the Indian investor will be benefitted from the rupee depreciation of approximately 4% annually. And we should not rule out that this 4% depreciation in the rupee is compounding. If you invested $1000 (Rs.53000) in the year 2012 when USDINR was at Rs.53/Dollar, it would have now become Rs. 75000, without even considering the returns of NASDAQ.  NASDAQ performance  Now, let’s look at the performance of the NASDAQ compared to the Sensex Index, Mid-cap Index, and Small-cap Index.   Source: EduFund Research Team Note: Period understudy is between Jan’12-Dec’21. When we look at the Indian market, we say that better returns are generated in mid-cap & small-cap sectors, where the risk is also high. when compared to the large-cap sector.   In the above graph, if we compare the performance, we can say that NASDAQ has given better returns than the BSE mid-cap & BSE small-cap index in the past 10 years, whereas the risk is also low when investing in NASDAQ (Index). NASDAQ has generated more than 17% CAGR (Compounded Annual Growth Rate) over the past 10 years whereas BSE Sensex, and BSE Mid-cap BSE Small-cap have given CAGR of 13%, 15%, and 16% respectively. The US market is generating more returns than the Indian market when compared with the benchmark.  Let’s talk about the US market  Some of the companies’ size is more than double the economy of some developing countries. For example, the revenue of Amazon and Apple both surpassed the value of the GDP of Pakistan (296 $ billion) by almost 90 $ billion and 69 $ billion, respectively.   Source: EduFund Research Team  Companies like Amazon & Apple; have achieved economies of scale and their traction in the market is constant. Despite excellent performance over the years, these companies are still generating wealth for investors. Amazon and Apple have given 1525% & 953% returns in the last 10 years.  The story doesn’t end here There are some large companies across the globe like Alibaba & Industrial & Commercial Bank of China (ICBC), with a market size (capitalization) of $314.76 Bn. & $254.65 Bn., respectively. So, investing in these companies is also possible through investing in US ETFs, which gives global exposure. Having said that, investing in the US market not only helps you to generate good returns but also helps to diversify the risk.   An opportunity for Indian Investors  Interest rates in India are likely to increase, which is a cause for concern. Due to this, many foreign investors are pulling out their money from India to their home country because many attractive asset classes are present outside India. All this will also lead to demand in the US market.  After the Covid rally in the market, it has bottomed out, and there are high chances that the US market will see a rebound.  Let’s consider three scenarios:  Best scenario – If we look at the past returns of NASDAQ, which has delivered 17% annually, and the rupee depreciation which is depreciating at 4% annually. Then, the Indian investors will get 21% returns, which is most likely to continue.  Average scenario – Even if the rupee doesn’t depreciate, the returns that NASDAQ has delivered are higher than the BSE Sensex, BSE Mid-cap, and BSE Small-cap.  Worst scenario – Even if NASDAQ doesn’t deliver or delivers fewer returns, then the rupee depreciation will help to generate the returns, which is likely to happen.  FAQs What are the benefits of investing in US market from India? When you invest in the US market, there are two returns that an Indian investor gets:  Returns from rupee depreciation Return that the US market is generating A chance to invest directly in big companies like Apple, Microsoft, Netflix, etc What does Nasdaq stand for? Nasdaq is an American stock exchange. It stands for National Association of Securities Dealers Automated Quotations. It compromises of US's top 20 companies like Apple, Amazon, Google, Meta, etc. Some of these companies have a market value bigger than of countries like Pakistan and even India! How can you invest in the US from India? You can invest in the US market from India by downloading the EduFund App. Open your US account on the App in a seamless process with no extra charges. Click here to know how US stocks! Therefore, the rupee will work as a hedging tool with no extra cost and risk while investing in the US market.  If you are investing in the US market (dollar currency) either of the three things is going to happen, which is in your favor. Start investing in the US market as the market has bottomed out, and the market will see a rebound. 

Goals that individuals plan for themselves before marriage can vary from person to person. Sometimes the goal is to have a fit body that looks amazing in a wedding dress and at other times, the goals are more long term like buying a house of their own or a car.  Marriage is a big event in anybody’s life and it is normal to divide your goals into pre and post-marriage. However, it is not enough to just have goals. You should plan out how you are going to lead your life post-wedding to achieve these goals While money is not the only important factor in a marriage, setting concrete and judicious financial goals becomes crucial to leading a happy married life.  Below is a list of things that you can do as a married person to lead a better financial life after marriage. 1. Open a separate bank account You might already have a joint account with your spouse but that is not enough. It is always advisable to get another bank account that will be solely devoted to your monetary expenses as an individual. Having a bank account exclusively for this purpose serves many purposes other than keeping you from mixing up your finances.  It might bear witness to how independent and responsible you and your partner are. Offering each other time and space can be as important as contributing to your relationship, financial or otherwise. In the long run, it bears testimony to how invested you are in your marriage.  Moreover, being in a marriage does not have to mean that you don’t have any personal goals anymore. These individual goals can be for yourself, your parents, your child, and so on. Having a separate bank account will also prove how invested you are in yourself despite being married.  2. Talk about finances  It goes without saying that in any relationship, communication is key. In a marriage, too, it is important to keep your partner in the loop, as you have decided to live your life together. Among other things that partners should talk about, money is one of the most significant. Being actively involved in marriage also means that partners should stay aware of each other’s monetary difficulties like debts. If your partner is trying hard to pay off debts, home loans, education loans, and the like, it should be a priority to help them overcome it. Romantic gestures need not just be about taking your partner out on dates or handing them a bunch of flowers. Being the person they can depend on in times of adversity can strengthen your bond tenfold.  3. Make a priority list  One of the most important steps in navigating finances is to make lists that state your financial priorities in order. Sit down with your partner and discuss at length if rent should come first or debts, or retirement savings.  Financial planning takes into account things like emergency funds and the first step to start planning these is to place them on your priority list. Ideally, emergency funds should come before investment plans. You should also start clearing up your debts as soon as you can. This way your EMI money will be ready to be spent whenever you need it.  4. Get started with budgeting immediately  Budgeting is indispensable if you are looking to manage your finances effectively. In marriage, you need to go about every step of budgeting along with your partner as you are managing a household together. Budgeting includes your daily expenses and putting away a part of your income as savings every month.  Planning is key, be it for expected or unexpected expenses. Put aside money on regular intervals for expenses you are expecting - those can be a phone or car upgrades or even getting a new house. For unexpected expenses, save money every month as part of an emergency fund. Be in constant touch with your partner about their financial goals so that you can find out how to be compatible.    Surveys often indicate that couples might face stress in their married lives over their unregulated spending habits. Creating separate buckets of savings for different expenses is the healthiest and most systematic way of budgeting. It saves you and your partner the extra tension and ensures happy married life.  FAQs How finances are best handled in marriage? The best way to handle finances is to have an open discussion around money and expenses. Talk about the shared expenses and individual expenses. Whether you have dependents like children, siblings and parents? Try to have two separate accounts for personal expense and a joint account for shared expenses. Plan and save for major events like raising a child, their education, buying a house and trip. What is the best way to budget in a marriage? The right way to budget in a marriage is to discuss the income resources and expenses with each other. Divide the expenses, find out how much you and your partner can contribute and follow the 50-30- 20 rule. Herein you can dedicate 50% of your shared income towards household needs, 30% towards wants and 20% towards savings. Who should be in charge of the finances in a marriage? Both partners should be equally in-charge and responsible for finances in a marriage. Its important to budget, save and investment as partners and discuss the well of contribution towards shared expenses openly. Conclusion Managing finances together with your spouse might not always be easy because as individuals you might have different monetary goals and spending habits. Nevertheless, keeping judgments at bay and instead, helping each other overcome their unhealthy lifestyles and financial adversities can go a long way in securing your marriage.  You can start your investment journey right away with your partner by downloading the EduFund app. Consult an expert advisor to get the right plan TALK TO AN EXPERT

A full and fruitful life necessitates a high-quality education. For several, it is the equivalent of graduating from a prestigious university. However, the cost of education is increasingly rising. In reality, the price of attending a reputable university is already very high. Parents who plan their child’s education in advance and want to provide them with the best opportunities possible to invest their money in mutual funds (MFs), fixed deposits (FDs), and unit-linked insurance policies (ULIPs). However, amid all of this, there could be a financial shortfall. In such a situation, an education loan plays a critical role in bridging the gap between the amount in hand and the total amount needed. According to research, education costs are rising at a rate of 15% per year on average. In 15 years, the cost of an MBA is expected to rise from Rs 2.5 lakh to Rs 20 lakh. So, if a couple saves Rs 2,500 per month for 15 years at a rate of 12%, they would have saved about Rs 12.5 lakhs. Now, you all must have some questions in your mind regarding the intricacies of availing of an education loan. We have tried to answer a few commonly asked questions to enhance your understanding Apply for Education Loans 1. Who can apply for the loan? The primary creditor is a student. A co-applicant may be a parent, partner, or sibling. 2. What is covered by a student loan? It includes the basic course fee and other costs such as (college) housing, exams, and other miscellaneous expenses. 3. To whom is the loan being extended? It is available to students who wish to study in India or further their education outside of the country. The overall sum available for studies in India and abroad differs from one bank to the next. 4. For what courses can the loan be availed? It is available as a full-time, part-time, or vocational course leading to graduation or post-graduation in engineering, management, medical, hotel management, architecture, and other fields. Is it advisable to opt for Education Loans for an Online Degree? Read More 5. What are the eligibility criteria and documentation requirements? To be eligible for the loan, one must be an Indian citizen who has been accepted into a college or university that is recognized by a competent authority in India or abroad. The applicant must have completed his senior high school education. Some banks provide a loan even before a student has been accepted to a university. The Reserve Bank of India (RBI) guidelines state that there is no upper age limit, but some banks may impose them. Additional documents such as the institution's admission letter, fee structure, and Class X, XII, and graduation (if applicable) mark sheets are required by the banks. The co-income applicant's records, such as salary slips or income-tax returns (ITR), are also needed. 6. Is collateral required for financing the loan? Depending on the number, banks will fund up to 100% of the loan. There is currently no margin money available for loans up to Rs 4 lakh. To study in India, the applicant must contribute 5% of the necessary funds. The needed margin money for international studies, on the other hand, rises to 15%. Banks may also need collateral for loans exceeding Rs 7.5 lakh. For loans up to Rs 4 lakh, financial institutions currently do not need any collateral or third-party guarantee. A third-party guarantee is required for loans between Rs 4 lakh and Rs 7.5 lakh. For loans exceeding Rs 7.5 lakh, a security deposit is required. According to the fee structure, when a loan application is approved, the banks send the funds directly to the college or university. 7. What is the rate of interest charged on the education loan? To set an interest rate, banks use the Marginal Cost of Funds Lending Rate (MCLR) which in India ranges anywhere from 7% to 8% plus a spread (about 1-2.5%). The additional distribution is currently in the 1.35-3 percent range (as of 2017). 8. What is the process of repayment? The individual availing the loan for their education is responsible for repaying the loan. In most cases, repayment begins when the course is completed. Some banks also give you a six-month grace period after you get a job or a year after you finish your studies before you have to pay back your loan. The repayment period is usually between 5 and 7 years, but it may also be extended. The bank charges a basic interest rate on a loan over the repayment period. The student's equated monthly installment (EMI) burden for future repayments is reduced by paying basic interest during the course duration. 9. What precautions should one take while applying? When availing of the loan, one must consider bank fees such as transaction fees, pre-payment fees, late EMI payment fees, and so on. The majority of lenders charge a processing fee of 0.15 percent of the total loan amount. 10. Are there any tax benefits? The interest paid on the repayment is deductible under Section 80E of the Internal Revenue Code. This tax benefit is only available to people who are paying interest on a personal loan. The whole amount of interest charged is deductible from your taxable profits. This deduction can be taken for up to 8 years. There are no tax deductions available for the principal sum. FAQs What is an education loan? An education loan is a type of loan given to students who wish to pursue higher education but fall short of finances. Its primary goal is to help students sponsor their higher education. The eligibility criteria for education loans is simple, it requires students to be above the age of 18 and must have an offer letter. Is collateral required for financing the education loans? There are two types of education loans, one with collateral and the other one without collateral requirements. Depending upon the loan amount, banks may require the applicant to submit collateral as security. Loans below 4-5 lakhs do not require collateral, however, the policy may differ based on the issuing party. What are some precautions one should take before taking an education loan? When availing of the loan, one must consider bank fees such as transaction fees, pre-payment fees, late EMI payment fees, and so on. The majority of lenders charge a processing fee of 0.15 percent of the total loan amount. Conclusion Good education is extremely important in the present dynamic world which not only boosts self-confidence in students but also equips them with skills that in turn help them lead their best lives. Hence, taking a loan might look frightening but in the long run, it definitely pays off provided the student is focused and makes the best of the opportunity. You can fill in a simple form to get started with your education loan application. Also, since an education loan is a person's first loan, it aids in the creation of a good credit score. If you repay the loan on time and without defaults, it will be easier for you to obtain a home loan, car loan, or any type of loan in the future.

Student credit Card is meant for students and their expenses. They are extremely helpful with daily payments, offer rewards on shopping and travel, and can help a student build their credit score over the years. While the concept of student credit cards is literally new in India, it is fast emerging as a tool for financial independence and growth. Let’s find out what is a student credit card, how it works, and its benefits. What is a Student credit card and how does it work in India?    A student credit card is a credit card meant exclusively for college students. Students must be above the age of 18 years of age to avail of this card. Only some specific banks like SBI and HDFC banks offer this facility in India. A majority of college students going abroad generally opt for credit cards or forex cards. It is a new and emerging financial concept in the country.  Some state governments help students get student loans at a concessional rate and have also launched Student Card Schemes such as the West Bengal Student Credit Card Scheme and the Bihar Student Credit Card Scheme.   In order to apply for these cards, students must be above the age of 18 and enrolled as a student in a recognized institution. These cards are valid for 5 years with minimal or no annual fees. Banks do not charge a maintenance fee for student credit cards. Student credit cards have a relatively low credit limit so that students do not end up overspending.  It is a great way to help your child learn finances and budgeting. Maintaining their credit limit and credit score can help them create a healthy financial record over a long period of time.   Who can apply for these cards?     The basic criteria for student credit cards are age and enrolment. A student needs to be above the age of 18 years and must have a valid student ID from a recognized university/institution. Being enrolled in college is one of the most important criteria for acquiring this card. Why should you get a Student credit card? There are many reasons to get a student credit card, Let’s look at some of them:    Student credit cards help build creditworthiness and credit score. Students can start building a financial record and gain financial independence. It helps them understand the importance of limit utilization, regulate their spending habits, and understand reward features, and repayment mechanisms while building a strong credit score for their adult lives.   Student credit cards can be a backup and an emergency plan. If you as a student are in need of funds but don’t have cash reserves, then you can use your credit card immediately. It allows you to make the repayment later and fulfill your financial obligations  Helps in saving money and using discounts. A student credit card can get you amazing offers and discounts. It can help you minimize your expenses since books, stationery, and gadgets can be expensive. Many platforms offer exclusive offers exclusively to students. This can help you stay on budget and build savings for yourself as well.  Another reason to get a student credit card is to gain financial independence and learn budgeting. As a cardholder, you will be responsible for all your expenses and repayments. This will help you analyze your spending habits and understand how to stay on track. Defaults on credit cards reflect poorly on your credit score and history, this is a good incentive to manage your repayments and spending carefully.  List of best student credit cards    Here are some of the best student credit cards in India    SBI Student Plus Advantage Card  Axis Bank Insta Easy Credit Card    ICICI Bank Student Travel Card  HDFC Bank's ISIC Student ForexPlus Card  What is the application process for student credit cards in India?     You do not require a list of documents to apply for a student credit card in India. Here are the following documents you must provide along with an application form given by the bank:  PAN or any other government-approved photo ID    Aadhaar Card or any other government-approved address proof    Birth Certificate    College Identity Card or any other proof of enrolment    Passport-sized photographs    Evidence of Education Loan and or Fixed Deposit (as per the credit criteria of the bank)    TALK TO AN EXPERT FAQ What is a student credit card? Student Credit Card is meant for students and their expenses. They are extremely helpful with daily payments, offer rewards on shopping and travel, and can help a student build their credit score over the years. What are the eligibility criteria for a student credit card?  The basic criteria for student credit cards are age and enrolment. A student needs to be above the age of 18 years and must have a valid student ID from a recognized university/institution. Being enrolled in college is one of the most important criteria for acquiring this card. What are the benefits of getting a student credit card? Student credit cards have many benefits, they help with the following:  Provide financial independence  Helps you learn budgeting and financial management   Builds credit history and score  Have a reward system   Useful during emergencies What are some of the best credit cards in India?  Here are some of the best student credit cards in India:    SBI Student Plus Advantage Card   Axis Bank Insta Easy Credit Card     ICICI Bank Student Travel Card   HDFC Bank's ISIC Student ForexPlus Card  Student credit cards are the best teachers of financial management and spending. They have a relatively low credit limit and students are less likely to misuse the financial tool. It helps them learn about budgeting and build creditworthiness for borrowing funds in the future. In the modernized world, the advantages of student credit cards are unlimited, they help students make transnational payments and come in handy during emergencies.

Parenting is difficult. There are too many things going on at once. Without a doubt, you devote a lot of time to caring about the safety, academic success, and social skills of your children. To help them achieve great things, you need to start setting money aside for your child's education as soon as possible. But in order to save effectively, you need a plan and a cautious estimate of future costs. The following formula can be used to determine how much money you should set away for your child's education. How much do you need for your child’s higher education? Let's look at the price of several well-known courses in India at prestigious institutions and estimate their future cost 15 years from now, assuming inflation at 10% p.a., to determine the amount of the Investment Corpus necessary. How to invest in child investment plans? If you want to be completely prepared for any circumstance, you should invest time and effort into your child's future. When deciding when to begin investing, the following factors should be taken into consideration. The length of time you intend to continue making the commitment is one of the most crucial factors to take into account when planning future investments, therefore you must decide on the time frame for your investment. The advantages are frequently greater as the time horizon gets longer. The second factor to be taken into account is the typical expense of your child's future education. Although this varies by school, costs for postgraduate study might occasionally be more than those for graduation. Consider whether you want your child to have a local or a global education as well. You may also take into account your child's graduation from high school in your own country and their following post-graduation in a different country. You must first assess your existing condition before formulating future goals. Consider all of your options carefully before making a decision. If you're investing a portion of your money in a child plan, you should be fully aware of its current worth. Knowing the current worth of an investment may help you avoid overspending on other financial goals, such as retirement. Please don't utilize the Child plan for other low-priority expenses like home improvements. It's a good idea to always be ready for the unexpected. Other expenses, such as rent and pocket money, might be included. In addition to school and tuition fees, there are a number of other considerations after your child reaches high school. Even if these amounts initially seem small, they could wind up costing you more over time. It is much more crucial if your child intends to pursue graduate or postgraduate education abroad. Different investment options for your child It's possible that fixed deposits and other conventional products won't be sufficient to pay for your child's education expenses. It is important to consider other products like shares, balanced funds, and equity funds. Depending on your time range, you can choose one of the following investing strategies: If your child will want the cash within five years, debt mutual funds are the best choice. Such funds have the ability to produce returns that are higher than the rate of inflation while also supplying liquidity. For long-term objectives, you can combine several financial instruments. Gold, equities, and debt are all investment options available to you. Although being exposed to the stock market might be risky, buying stocks allows investors the possibility to make more money over time. One of the best investment alternatives for supporting a child's education is the PPF. You must start this early and invest continuously in order to build up a sizeable capital. A variety of kid-focused services are offered by several insurance companies. You may decide to put more responsible rules into place when your child needs the money to pursue further education. Investment strategy for children's investment plan List specific goals upfront, such as the child's preferred education and related costs. After paying all of your regular costs, you'll be able to estimate how much you can afford and how much you'll need to set aside each month. However, you must remember that loans can also be utilized to fund your education. As a result, you do not have to sacrifice other expenditures like healthcare and retirement to save for your child's education. As the financial goal draws near, reduce your stock exposure to lessen the likelihood of adverse market movements. Children's investment plans can assist you in preparing financially for rising education costs, unexpected illnesses, and unfortunate circumstances. As soon as you can, you should start making plans for your child's future. By doing this, the associated risks are dispersed and your assets have more time to grow. Consult an expert advisor to get the right plan TALK TO AN EXPERT