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UTI is one of the pioneers of the Indian Mutual Fund Industry. With over Rs 2.4 lakh crore, the AMC is one of the most trusted names in the mutual fund space. The AMF offers products across asset classes.   Let us talk about the flagship product – UTI Long-Term Equity Fund.  About UTI Long-Term Equity Fund  Investment Objective The primary objective of the scheme is to invest predominantly in equity and equity-related securities of companies across the market capitalization spectrum. Securities shall also include fully/partly convertible debentures/bonds.  Investment Process  The UTI Long Term Equity Fund carries a top-down approach for sector selection and a bottom-up for stock selection. It follows a blended style of investing with a preference for companies with consistent cash flow generation, healthy balance sheets,s and reasonable valuations.  Portfolio Composition  The portfolio holds the major exposure in large-cap stocks at 76% and sectoral major exposure is to financial services which account for roughly one-third of the portfolio. The top 5 sectors hold nearly 75% of the portfolio.  Note: Data as of 30th Sep 2022. Source: UTIMF  Top 5 holdings Name Sector Weightage % ICICI Bank Financial Services 8.53 HDFC Bank Financial Services 7.58 Infosys Information Technology 6.35 Axis Bank Ltd. Financial Services 4.58 Bharti Airtel Ltd. Telecommunications 3.73 Note: Data as of 30th Sep 2022. Source: UTIMF   Performance over 22 years  If you would have invested 10,000 at the time of inception of the UTI Long Term Equity Fund, it would be now valued at Rs 2.22 Lakhs whereas the benchmark (Nifty 500 TRI) would have fetched you Rs 1.89 Lakhs. Note: Performance of the fund since launch; Inception Date – Dec 15, 1999 Source: utimf.com   The UTI Long Term Equity Fund has given consistent returns and has outperformed the benchmark over the period of 22 years generating a CAGR (Compounded Annual Growth Rate) of 14.65%.  Fund Manager  The fund is ably managed by Vishal Chopda. Vishal Chopda is the Vice President and Fund Manager in the domestic Equity Division of UTI Asset Management Company Ltd. Vishal joined UTI AMC in January 2011. After joining UTI, he has worked for the past 7 years in the Department of Fund Management as Research Analyst. He has previously worked with CARE Ratings (Credit Analysis and Research Ltd). He is a CFA Charter holder from The CFA Institute, USA, and also holds a PGDM from Management Development Institute, Gurgaon. He has completed his B.E. from Mumbai University.  Who should Invest in UTI Long-Term Equity Fund?  Investors looking for  Equity Linked Savings Scheme (ELSS) that aims to generate long-term capital appreciation by primarily investing in equity and related securities.  a long-term wealth creation vehicle investment horizon. Why Invest in UTI Long-Term Equity Fund?  Provides tax deduction up to the limits specified u/s 80C of the Income Tax Act, 1961.  The fund attempts to invest in businesses having healthy return ratios, cash flows, and sound management, with an aim to provide superior risk-adjusted return  Horizon  One should look at investing for a minimum of 5 years or more  Lumpsum is a better way to invest in ELSS to avoid a prolonged lock-in period on your SIP investments.  Conclusion  The UTI Long Term Equity Fund is the oldest fund with a proven track record of 22 years and has delivered 14.65% CAGR consistently. Thus, suitable for even first-time equity investors who want to earn better risk-adjusted returns and avail of tax exemptions at the same time.  DisclaimerThis is not recommendation advice. All information in this blog is for educational purposes only. 

Can US inflation affect your INR Savings? We know inflation causes the rise in the prices of vegetables, fruits, cars, houses, and even education.   Education inflation is not the sole factor affecting the rising cost of education. Other factors like cost of living, transportation cost, and dollar appreciation affect the cost of education.  Let’s find out the answer!   The rising cost of foreign education  Countries like US & UK are the most preferred countries among Indian parents and students. After China, India is the second largest source of international students. With a growing demand for foreign education and inflation, these universities have increased their tuition fees.  Over the years, the average cost of studying higher education in the United States rose by 1200% (from 1980-2020); which is far more than the rate of normal inflation in the same period.  In fact, numerous overseas universities have hiked their college tuition fees for 2022-2023. The University of Pennsylvania announced a 2.9% increase in its tuition fees, while Arizona State University announced that tuition fees would increase by 5% for international students.  Impact of Dollar Appreciation on INR Savings  When you plan to send your child to pursue higher education overseas, you should be aware of currency depreciation and appreciation. The planning to pursue higher education from abroad must consist of saving in dollar value So that you don’t lose out on the value of dollar appreciation. Let’s understand it in detail.  Suppose you are required to pay $1,00,000 dollar as tuition fees for your child's higher education. And currently $1=82INR, then you need to save INR 82,00,000. But, let’s say, the dollar appreciated and now trades at $1=85INR, in that case, you need to save INR 85,00,000. If you had saved in dollar values then, you would not have needed any extra penny to pay. But, if you have saved it in INR values, then you need an extra INR 3,00,000 to pay. So, if you are planning to send your kids abroad to study then, you should start saving in dollar value. Impact of US Inflation on INR Savings  Studying abroad not only means paying tuition fees, it means paying for other expenses as well like living costs, the cost of books, the cost of stationary, and the cost of transportation, etc. If inflation in the US is rising then the cost of other things will become costly as well. US inflation and dollar appreciation will have a direct impact on your INR savings. Suppose, the living cost in the US is $1000 per month currently and the dollar is trading at $ 1=82 INR. Then you need Rs 82,000 per month as living expenses. But let’s say inflation in the US has caused an impact on living expenses by 5%, then the cost of living will be $1050. At the same time, the dollar has also appreciated and now one dollar is trading at 90 INR. So, the overall impact on INR savings will be 15.24%. Now, you need to pay 94,500 INR per month as living expenses.  How can you protect your savings from US inflation?  Most parents do not realize the rising cost of higher education until it’s too late. They have little option left at the end – either to compromise on the quality of education or opt for education loans that take years to pay off. Both these options can drastically impact your child’s future and potentially risk their careers  Saving and investing early is the right way to protect your child’s higher education. The sooner you start saving and investing, the better it is. The time horizon will help you to determine when you need the money, how much you need it, and how to reach the goal.   The country you desire to send your child to can determine which asset class you should be investing in. If you are planning to send them abroad, then considering US ETFs and US equities is highly beneficial as this will provide you with geographical diversification in terms of investing, which will also cover the purchasing power parity in the future when your child starts spending in dollars or pounds.     Conclusion  If you are planning to send your child abroad start saving and investing in dollar value, and also start as early as possible.  TALK TO AN EXPERT

The affordable living expenses in Germany, a stable economy, high-class living, and numerous job opportunities make the country one of the premier destinations for quality education and successful careers.  The cost of living in Germany depends on the location of the university because some cities are relatively more expensive than others. It is important to be flexible if a student wants to thrive on a limited amount. The average living expenses in Germany for Indian students vary between 10,200 EUR – 12,000 EUR (nearly INR 8.1 lakhs – INR 9.5 lakhs) every year.  Students should be aware of their living expenses before traveling abroad as it is helpful in creating a budget for living expenses. The college cost calculator on the Edufund app is a blessing as it helps to get an estimate about the future living expenses besides the education costs and create a personalized financial budget based on needs and requirements. Semester contributions Most of the universities in Germany are state-run; hence the education cost is a bare minimum. Students, however, have to contribute between EUR 175 – EUR 250 (nearly INR 13,993 – INR 19,990) per semester for administrative fees and student amenities.  Students can also apply for a public transport pass or a semester ticket that costs between EUR 25 – EUR 200 (nearly INR 1,999 – INR 15,992) for six months, based on the type and location of the university. They will not have to pay for transport for the next six months.   Private institutions in Germany charge tuition fees, especially for non-EU citizens. Additional read: Education loan process for Germany Living expenses in Germany for Indian Students 1. Accommodation (average monthly cost) An important chunk of the living expenses goes towards accommodation costs, which depend on the location of the university and the type of accommodation the student prefers.  The preferred accommodations and their average cost per month are. 2. Food (average monthly cost) Students have access to restaurants and cafes on the university campus, where they can eat at discounted prices. For students that live off-campus, local street vendors and food trucks are an option.  The living expenses in Germany are manageable for Indian students as there are Indian stores that can provide ingredients to cook authentic food items. Students who have to rely on restaurants need to remember that eating out on a regular basis will prove expensive.  Self-cooking is the best way to manage funds because the cost of basic food and beverages is affordable.  Average costs on some of the common food items include. 3. Transportation  The daily public transport facilities in Germany cost around EUR 20 (nearly INR 1,599) and a monthly pass will cost EUR 200 (nearly INR 15,992). Students can apply for student passes or choose to move around via rented bicycles at a nominal fee. 4. Health insurance International students must have health insurance in Germany. Students who are studying degree programs are eligible for a public health insurance plan that costs between EUR 70 – EUR 80 (nearly INR 5,597 – INR 6396) per month. Whereas students above 30+ should have private health insurance that costs between EUR 400 – EUR 500 ((nearly INR 31,984 – INR 39,980) per month. 5. Utilities and Bills Students living off-campus have to pay for water, electricity, garbage, and heating. In some cases, the bill is included with rent, otherwise; it costs nearly EUR 29.42 ((nearly INR 2,352) for a kilowatt-hour. How to save more as an international student in Germany?  Keep a fixed budget for the month Studying abroad means, you will be away from your parent and you’ll be alone so you need to have a budget for everything.  Talk to locals  Talk to locals around you because they know that place more than you. They will tell you the best deals around you in restaurants, cafes, and all.  Cook for yourself Go to the local grocery market and cook for yourself. Eating outside daily can cost you way more than cooking for yourself.  Get a flatmate/roommate Sharing space and your accommodation mean that you will be able to cut costs. It will save you money. Staying alone in a flat or room means you will spend more. If you get a flatmate/roommate, the price of that place will be half. You will end up splitting utility costs as well.   Do a side hustle Earn money by doing some part-time jobs or a side hustle. By doing that you will learn and also earn extra for you.   Use public transportation or a bicycle Using public transport daily is the best way to save money in countries like Germany. Private cabs and rentals can be very expensive for students. If you live in a small town, then opting for a bicycle to roam the city is the most cost-effective method.   Go secondhand Cut costs wherever you can and the best way to do this is by opting for second-hand products. Suppose you need a bicycle, no need to get a new one! Buy it from a second-hand market or from someone who doesn’t want his/her bicycle anymore.  Save money wherever you can Cut off your unnecessary plans. There is Wi-Fi everywhere so instead of buying data plans use them. You should also unsubscribe from OTT subscriptions you are not using anymore. Or any auto-debit subscription that is not in active use.  FAQs How can international students save money in Germany? Here are some tips on how to save money in Germany: keep a maintained budget  Talk to locals  Cook for yourself   Get a flatmate/roommate  Do a side hustle  Get a bicycle  Go for secondhand  Save on your mobile bills  Is it expensive to live and study in Germany as an international student? In comparison to other countries and cities, Germany is one of the places which is less expensive. How much money can international students earn in Germany? You can earn around 450 euros (Rs 37,000) per month by doing part-time jobs. How much money do I need as a student in Germany? On average around 870 euros (Rs 71,000) for a month is all you need for your expenses. Conclusion Prestigious universities and reasonable living expenses in Germany make the country an excellent choice for studying abroad. If you are in a dilemma about the cost of living, then consult with the counselors on the Edufund app to know more about it in detail. Consult an expert advisor to get the right plan TALK TO AN EXPERT

Similar to how one might set up a systematic mutual fund investment plan, one can create a systematic withdrawal plan to get a stream of regular income from investments on a specific date each month. In this blog, let’s talk about SWP in mutual funds. What is SWP (systematic withdrawal plan) Bank fixed deposits or postal deposits are frequently the default choice for investors who want a consistent cash flow from their assets. Investors are now concerned about their future needs for income due to the falling interest rates on these programs. SWP, a mutual fund product, provides a remedy for this. SWP, or systematic withdrawal plan, is a mutual fund investing strategy that enables investors to take fixed distributions from their mutual fund investments at predetermined intervals, such as monthly, quarterly, or yearly. The AMC will credit the amount of the withdrawal to the investors' bank accounts on the day of the month, quarter, or year they specify. The SWP Plan redeems mutual fund scheme units at the specified frequency to produce this cash flow. As long as there are still available units in the plan, investors may continue with SWP. Benefits of SWP The following are the top benefits of SWP:  Flexibility: A SWP plan gives the investor the freedom to select the amount, frequency, and date in accordance with his or her needs. The investor may also stop the SWP at any moment, make additional investments, or withdraw money in excess of the fixed SWP withdrawals. Regular Income: SWP in mutual funds makes investing easier for investors by generating a consistent income from their holdings. For people who want constant cash flow to cover ongoing expenses, this becomes very beneficial and convenient. Capital appreciation: SWP in mutual funds makes investing easier for investors by generating a consistent income from their holdings. For people who want constant cash flow to cover ongoing expenses, this becomes very beneficial and convenient. No TDS: There is no TDS on the SWP amount for domestic individual investors. Tax efficiency through SWP When units are redeemed to get the SWP amount, the gains from the selling of the units are subject to capital gain (if the redemption NAV is higher than the purchase NAV). Depending on the factors listed below, a capital gain may be defined as short-term or long-term: Equity-Oriented Funds: These are considered short-term gains if redeemed within a year of the investment date and are subject to a 15% tax. Gains realized more than a year after the date of investment are considered long-term gains and are exempt from tax up to Rs 1 lakh every financial year. Only 10% of long-term capital gains over Rs 1 lakh are subject to tax. Non-Equity Funds: If redeemed within 36 months (treated as a short-term capital gain) from the date of investment, the gains are added to the investor’s income and taxed at the rate applicable to him/her. Gains made beyond three years are considered long-term and are subject to 20% taxation after indexation benefits. For domestic individual investors, there is no TDS on capital gains in mutual funds, unlike traditional savings (such as FDs and postal investments). In addition to TDS, interest income from FDs and the majority of post office modest savings plans are taxed at the investor's individual income tax rate. Since the AMC deducts TDS at a rate of 10% from the declared income, SWP in mutual funds is preferable to dividends in mutual funds. Additionally, investors must pay taxes on the dividends they receive. How can you withdraw from SWP?   In mutual funds, SWP enables investors to personalize their withdrawal schedules. A specific sum can be paid to a person every month, every six months, every three months, or every year. With an appreciation withdrawal, you can only take out the amount that has increased in value while leaving the rest invested to grow. Why is SWP a good investment? You can withdraw money from an SWP plan in accordance with your needs. An SWP might help with cash requirements if your plan calls for funding in stages. With an SWP plan, you can withdraw money in accordance with your demands. You can facilitate cash requirements with an SWP if your aim demands funding in stages. With regular withdrawals, an SWP can assist in preserving the value of your investment, particularly when the market is erratic. SWP plans are a tool that investors can use to plan their retirement income. It enables people to routinely get a fixed income on a set day to cover their cash needs. It may take some time to fully understand your alternatives when picking an SWP.  As a result, we advise you to weigh all of your options before making a purchase. The majority of mutual funds will let you create a schedule for withdrawals that you may follow FAQ What is SWP in mutual funds? SWP, a mutual fund product, provides a remedy for this SWP, or systematic withdrawal plan, is a mutual fund investing strategy that enables investors to take fixed distributions from their mutual fund investments at predetermined intervals, such as monthly, quarterly, or yearly. Is SWP better than FD? The benefit of investing in SWP in mutual funds is that you pay fewer taxes and you have more flexibility to change withdrawals. Can I stop SWP anytime? Yes, SWP investors can choose the amount they like. date of withdrawal, and amount. You can also stop and withdraw the money as well. Is SWP income taxable? SWP redemption is taxable. Consult an expert advisor to get the right plan TALK TO AN EXPERT

Are you looking for ways to start your investment journey? Are you confused between the lumpsum vs SIP investment route? Maybe mutual funds can be the right way of starting but which one you should choose?  Don’t worry, we’re here to help you!  Let’s get to know about Lumpsum and SIP: which is better and when to choose?  What’s lumpsum?  Investing in a mutual fund as lumpsum refers to investing a big sum of money to get locked up into a one-time investment. This is a one-time investment rather than spreading it out over time, like in SIP (Systematic Investment Plans).   Lumpsum investments are usually preferred by big players or investors who are actually dependent on company stocks for capital creation. For an investor with a massive funding quantity and a high-chance capacity, a lump sum mutual fund funding may be an amazing opportunity.  Suppose you get the whopping bonus at the end of the year and after settling all the expenses, you still have around Rs. 50,000 - 75,000 left! In this scenario, you can invest the money as a lump sum investment wisely as a lumpsum order in a fund of your choice. Benefits of lumpsum  With the lumpsum investment method, people can invest a large amount in one go. As a result, when the market shows a growth period, then the value which you have invested also increases.   Lumpsum investments are great for those who wanted to invest for the long term and have a bulk amount ready.   Lumpsum investments are great for the long term. If you are interested in a time horizon of nearly 10 years or more.  Investing in a long-term investment can be risky but still, it gives better returns.  While investing in long-term investment, gives the money more time to grow potentially. When to choose lumpsum investment?  If you have got a whopping bonus and after settling your expenses you can opt for lumpsum investment. If you are a freelancer and you’ve got a big amount after completing a big project then you can opt for a lumpsum investment. What’s SIP?  A Systematic Investment Plan (SIP), popularly called SIP, is a facility provided with the aid of using mutual funds range to the buyers to spend money in a disciplined way. SIP scheme allows investors to invest money at defined intervals in a selected mutual fund.  The starting Investment can be as low as Rs 500 and the defined interval can be weekly/monthly/yearly. It’s convenient as you can give instructions to debit the price every month.  SIP has been gaining a reputation amongst Indian Mutual Fund investors because it enables them in making an investment in a disciplined way without annoying marketplace volatility and timing of marketplace. Systematic Investment Plans presented by Mutual Funds are effortlessly an excellent manner to go into the arena of investments. Benefits of SIP  With SIP, you can even invest as low as Rs 500 each month and let it grow. SIP is super easy, easy to track, and also lets you save more.  The best feature of SIP is rupee cost averaging, where you can buy more, when the market is not at a peak point and buy less when the market is at a peak point. This is because of the built-in feature of SIP, where whenever the market is low, you can buy more which reduces your cost and gains more.  SIP provides amazing flexibility. Long-term investments are not that flexible. You can withdraw whenever you want to at your convenience. You can either withdraw the whole amount or half of it.  As compared to other investments, SIP provides you with better and higher returns.  SIP operates at the percept of receiving compound interest on your investments. In different words, a small quantity invested for the long term collects higher returns than a one-time investment.  When to choose a SIP?  If you are a person who earns every month or you are a salaried person then it can be suitable for you that you can save and invest every month. Or, if you earn very little then you don’t need to wait for a big sum of money, you can just start investing a little amount every month.  If you can’t opt for long-term investment or can’t invest a large sum of money then you can definitely go for SIP to start your investing journey. SIP vs Lumpsum Now that you know what is the lump sum vs SIP investment route, it's time to analyze which is better for you.  Investment as lumpsum or SIP has its own set of benefits and advantages. It’s hard to choose just one because both are good ways of investing.   The biggest difference between the two depends on how you are investing. In lumpsum, you need to invest in one go while in SIP, you can invest monthly.  Many investors choose SIP as it’s more convenient and more flexible. It is also a good choice for small investors who are just starting off and do not have a huge income. As a SIP investor, you can start saving with as little as Rs. 100 with certain mutual funds. Conclusion  You can never say that SIP is better than lumpsum or vice versa. There will be something in both of them which will be better than the others. An investor can never choose only one.   Both have similar benefits and differences. That’s the reason why it’s important to start investing early so that you can learn while investing in your journey.  It’s advised you to choose one which is better for you and suitable for you.  TALK TO AN EXPERT

What is digital gold? What are the benefits of Digital Gold as an investment? How is it better than buying traditional gold? Digital Gold refers to the process of buying and investing in gold virtually. You can do all of this online; there is no need to go to a jewelry store. It’s the more suitable way of buying gold.  Investors who want to sell or buy gold can do it without any problems with one click. The minimum cost of buying or selling gold can be as low as Rs 1. Benefits of Investing in Digital Gold  Safe storage: The best benefit is its hassle-free and secure storage, which can be guaranteed. The gold you buy will be stored in a secured vault.  The minimum limit for buying or selling gold: There’s no limit on buying costs. The minimum cost can be as low as Rs 1. The person who buys the gold will have it registered under his name.  Collateral: If you are looking to take out a loan, then you can keep the digital gold as collateral for the loan.  Authenticity: Virtually all gold bought today is 24 karats, and that’s why it’s 99.99% pure. The chances of fraud are low.  Easy exchange: Another advantage is that digital gold can be exchanged anywhere, anytime, for physical gold or coins.  Gifts: It can be the perfect gift for someone’s wedding or birthday day. You can gift anyone the digital gold you brought without worrying about its safety and physical transfer. Disadvantages of digital gold  The price at which you have invested doesn’t increase. It doesn’t increase your invested money.  There’s a maximum amount in which you can invest, which is Rs 2 lakh.  Even though when buying digital gold, you don’t need to pay making charges, you still have to pay 3% GST with it.  There is no regulation by SBI or SEBI.  Who should buy digital gold?  Anyone who cannot buy physical gold or cannot invest large sums of money at once can choose digital gold.  You can buy digital goods without worrying about their safety. You can buy digital gold in the Edufund app too. Link for the app (URL)  You can buy digital gold from any other source too.  Digital gold can be bought and sold anytime at market price without going to a jewelry shop.  You can buy other types of digital gold, such as gold bonds or ETFs. This is the best way to invest in gold.  Indians are in the second position in terms of buying gold. More than 100 million consumers own digital gold. FAQ Is investing in digital gold worth it?  Buying and storing digital gold makes it much easier, more useful, and more secure than buying physical gold How long can I not sell my digital gold?  Five years. Is there GST on digital gold?  There is a 3% GST on digital gold.Digital gold can be a good option for those who want to start their investment journey but are not ready to invest too much. One of the best benefits of digital gold is the flexibility and convenience of buying and selling

Living expenses in Canada for Indian students are very high and aspiring applicants need to be aware of them before traveling abroad for the desired study course. Canada is the preferred study hub because of its growing economy, cultural diversity, access to seamless medical care, and unlimited job opportunities.  The country is known for its excellent education system, distinctive curriculum, numerous study courses, and reputed colleges and universities. A promising future encourages Indian students to travel to Canada for higher studies but what about the living expenses?  There has been a lot of speculation about the living cost in Canada hence let us find the answers to the queries related to the cost of essential expenses. Living expenses in Canada for Indian students The average living expenses in Canada for Indian students vary between 15,000 CAD (nearly INR 8.9 lakhs) – 20,000 CAD (nearly INR 11.9 lakhs) every year based on individual lifestyles and different cities across the country.  The essential living expenses that an Indian student has to incur include- 1. Accommodation (average monthly cost) The most popular options for accommodation are dormitories which house many students and townhouses which house three to six students. Both on-campus accommodations have several facilities like hot water, internet, and heat. Other popular choices are shared apartments and unfurnished rental apartments. The average monthly living cost of the accommodations is-  Dormitories 350 CAD – 600 CAD (nearly INR 20,958 INR 35,928)Townhouses 250 CAD – 650 CAD (nearly INR 14,970 - INR 38,922)Shared Apartments 400 CAD – 800 CAD (nearly INR 23,942 – INR 47,904)Unfurnished Rental Apartments300 CAD – 500 CAD (nearly INR 17,964 – INR 29,940) Master's vs. PGDM in Canada? Read More 2. Food (average monthly cost) It is easy to get an estimate of food expenses by going through the rates of some of the most common food items. Water (1.5 liters)1.84 CAD (nearly INR 110)Rice (1kg)3.74 CAD (nearly INR 224)Apple (1 kg) 4.24 CAD (nearly INR 254)Cheese (1kg)12.99 CAD (nearly INR 778 )Milk (1 Liter)2.46 CAD (nearly INR 147)Eggs (12)3.63 CAD (nearly INR 217) How to finance a child's master's in Canada? Read More 3. Transportation (average monthly costs) Students use public transport in Canada as it is quite safe and easy to navigate. You can get student discounts by showing your student ID card. The average monthly costs of using some of the common modes of transportation are –  Bus 100 CAD – 150 CAD (nearly INR 5,988 – INR 8,982)Subway65 CAD – 99 CAD (nearly INR 3,892 – INR 5,928)Taxis per km40 CAD -50 CAD (nearly INR 2,395 – INR 2,994) Canada University Fee Structure Read More 4. Health Insurance (average annual premium) Every international student must have a health insurance policy in Canada. The coverage depends upon the province where one lives. Some popular medical insurance plans with their costs are BC MSP Program74 CAD/month (nearly INR 4431)iMED 225 CAD for 3 months (nearly INR 13,473) 5. Miscellaneous (average monthly cost) It is important to factor in personal expenses like clothing, laundry, toiletries, etc. which are part of everyday spending and depend upon an individual’s lifestyle.  Other important expenses include Electricity (average monthly costs) – 50 CAD (nearly INR 2,994) Phone bill - (average monthly costs) – 40 CAD – 100 CAD (nearly INR 2,395 – INR 5,988) Internet (average monthly costs) – 30 CAD – 50 CAD (nearly INR 1,796 – INR 2,994) Tenant’s Insurance (average monthly costs) – 15 CAD – 30 CAD (nearly INR 898 - INR 1,796) Cost of living in some of the cities of Canada The cost of living for Indian students depends upon their lifestyle and the city they live in. Some of the popular and most costly destinations for students and the average cost of living in that city are mentioned below- City The average cost of living every yearToronto37,000 CAD (nearly INR 22 lakhs)Montreal 25,000 CAD (nearly INR 14.9 lakhs)Ottawa20,000 CAD (nearly INR 11.9 lakhs)Calgary26,904 CAD (nearly INR 16.1 lakhs)Vancouver38,484 CAD (nearly INR 23.08 lakhs) 10 Tips to save money in Canada 1. Try to save money Save money whenever you can. If you find alternatives to doing something on your own then instead of spending it, save the money.   2. Apply for scholarships Every college has scholarships. Canadian universities offer amazing scholarships to potential students, so take advantage of them.     3. Keep a budget To save money as a student, you need to keep a budget for everything. When there’s no budget maintenance, people tend to spend more. Have a fixed budget for the month and don’t spend more than it.  4. Cook your meals University campuses are filled with food stalls and fast food joints and when you are hungry, you buy them, and then your bank balance drops.  So cook for yourself.    5. Claim student bank discounts and offers All bank in Canada has offers for students. Take advantage of them. Save every penny.   6. Buy second-hand stuff if you can You might need something but you don’t need to buy everything new. You can buy them in any second-hand marketplace and you can find anything there.  So instead of buying everything new or on amazon search it in these marketplaces.  7. Don’t use credit cards Credit users tend to spend more as they think they have enough money but you spend more than they need.  So cut them off.  8. Start doing a side hustle  Start earning!   Start doing a hustle so that you can earn more. Then you don’t have to worry much about your expenses. There are too many ways to earn more.   9. Use a bicycle If you need to travel daily and it’s a short distance then buy a bicycle instead of using public transport and spending more money.  10. Lower your party days Party is okay, everyone loves to party but don’t do too much of it too. Set a monthly budget for it.   FAQs How can I earn money in Canada? Students can work up to 20 hours per week off-campus in Canada. You can take up some internships or part-time jobs or start a side hustle. International students on a student permit are legally allowed to work and earn a living in Canada to help with finances.   What is the average living cost in Canada? The average living expenses in Canada for Indian students vary between 15,000 CAD (nearly INR 8.9 lakhs) – 20,000 CAD (nearly INR 11.9 lakhs) every year based on individual lifestyles and different cities across the country.  Is living in Canada expensive? Canada is considered one of the most expensive countries to live in. The most expensive city in the country is Toronto. How much money do you need to live in Canada comfortably? As a student, you need roughly 15,000 CAD (nearly INR 8.9 lakhs) – 20,000 CAD (nearly INR 11.9 lakhs) every year. What problem an International student can face? Problems like cultural shock, new language, new people, accommodation, money management, etc. There are many student accommodation scams and foreigner scams that you need to be aware of so that you do not end up losing your hard-earned money. Conclusion Canada is no doubt an expensive country and it is challenging to manage the education and living costs simultaneously. A well-structured financial plan can be a blessing in disguise but you need an expert who can formulate such an organized plan for you.  Knowing about the living expenses in Canada for Indian students is important especially when they are preparing for overseas education. The college cost calculator on the Edufund app takes into account the future living costs so that the students can be aware of the average total cost of studying abroad and plan accordingly. 

A crucial first step to achieving financial security is to set short-term, mid-term, and long-term financial objectives. But what do these goals stand for? What are the differences between short-term and long-term goals? Keep reading to find the answer. What are short-term goals? Anything that can be accomplished in less than two years is considered to be a short-term goal. Although this is a useful generalization, where to draw the line between short-term and long-term objectives is ultimately fairly arbitrary. A goal accomplished in one and a half years and one accomplished in two years and a month have no discernible differences.For instance, a short-term goal for your child’s education needs can be a laptop or a phone. You can select the best funds and a time horizon to save up for the cost and accomplish your goal easily. This is a short-term goal which means you plan to accomplish it in the next 1 or 2 years. Click here to start a short-term goal for your child’s education dreams. What are long-term goals? In contrast, anything that takes more than five years is considered a long-term goal. Long-term objectives include things like paying off a mortgage and saving for retirement. The terms "short term" and "long term," nevertheless, aren't always sufficient. Some people favor including medium-term objectives as well. These objectives usually take two to five years to complete. Despite their apparent opposition, the two temporal periods complement one another. Long-term goals shape your short-term goals. For instance, a long-term goal can be your child’s dream college. Long-term goals generally require a long-term horizon. If you are planning to save for your child’s college then starting 10-15 years in advance is the right way to go. This gives you enough time to save up and make the right corrections over the years to get the right amount by the time they go off to college. Use the college cost calculator on the EduFund App and start saving for your child’s long-term goals! Key short-term goals Your more pressing expenses are those for short-term aims. These are the things you'll often spend money on within a few months or years, though timing varies. The following are some top key short-term goals: 1. Establish a Budget By reading through your bank statements and bills from the previous few months and classifying each item with a spreadsheet or on paper, you may make a budget the old-fashioned way. You can decide better where you want your money to go in the future when you can see how you are spending your money and are directed by that information. You can try to find methods to eat out less frequently or save money by following certain practices etc. 2. Build an emergency fund The cornerstone of creating financial goals is an emergency reserve. If something unforeseen occurs, it's what keeps the rest of your strategy from falling apart. Without an emergency fund, one unforeseen expenditure, such as a busted water heater, medical expenses, auto repairs, or a job loss, might cause all of your other objectives to fall through the cracks. Your emergency fund has to be sufficient to pay for three to six months' worth of costs. You may wish to save even more if you are paid on commission or have a fluctuating income. Make a budget and, if necessary, cut spending so that you can afford to set aside some of your money. 3. Open a life insurance policy By purchasing life insurance, you guarantee that your loved ones will be compensated in the event that you die away and are unable to support them. A cash lump amount is often used for this, serving as a safety net to replace your income. Life insurance coverage is crucial for defending yourself and others who depend on you, much like an emergency fund. Even though nobody likes to consider the worst-case scenarios, anything may happen tomorrow. Key long-term goals It can take years or perhaps decades to accomplish these aims. Long-term objectives often require more resources and ongoing care than short-term objectives. The following are some top key long-term goals: 1. Consider your dreams Long-term objectives might also include objectives like purchasing a primary residence or, eventually, a vacation property. Maybe you already own a home and want to give it a considerable upgrade, or maybe you want to start saving for a bigger house. Other examples of long-term objectives include saving for college for your kids or grandkids, or even for when you do have kids. Once you've chosen one or more of these objectives, start estimating how much money you'll need to put aside to make progress toward achieving them. 2. Plan for retirement Retirement savings goals are among the most long-term-oriented in terms of planning. Finding out how much money you need and how close you are to that objective is the first step in this process. Then, you may reach your destination through a variety of retirement plans, which is a perfect illustration of how long-term goals ultimately need to be divided into more manageable goals. How to prioritize your goals? You'll probably need to strike a balance between a number of short-term and long-term ambitions. Plan your objectives around your regular spending, putting necessities like food and shelter first. Contributing to emergency and retirement accounts is a top priority; after paying off debt, do so. After that, you may choose how to divide the remaining funds between your demands and other savings objectives. The most essential thing is to stay consistent. Don't be upset with yourself if you have to withdraw money out of your emergency fund one month because you have an unanticipated auto repair or medical cost; that's why the fund is there. Just get back on track as soon as possible.

Which is the better investment option for a daughter -  MFs or girl-child schemes?  Indian parents are often on the lookout for the right kind of investment schemes that will lessen the financial burden of education and marriage expenses of their girl child. They want to safeguard their child’s future and hence try to create a financial corpus as security for the days to come.  Before entering into a discussion about MF vs Girl Child Schemes, let us know about each of them in brief. What is Mutual Fund or MF? Mutual Fund refers to investment vehicles that accumulate money from several investors for buying a portfolio of various securities. The portfolio includes several options like real estate, bonds, stocks, or a combination of different investments.  Investing in mutual funds is considered beneficial in recent times because of the high returns on investment. The most common drawback of a mutual fund is the high fees of the investor but this can be mitigated by choosing the right investor.  You can take the help of the EduFund App to reduce excessive charges with the help of saving experts.  What are Girl Child Schemes? Girl child schemes are investment plans that offer benefits to the girl child. These are divided into two categories: State Government Schemes and Central Government Schemes. Some of the highly popular ones are Sukanya Samriddhi Yojana, West Bengal Kanyashree Prakalpa, and Dhanlalakshmi Scheme.   The girl-child investment plans help parents to accumulate money so that it can later meet the financial requirements of the girl child. Mutual fund vs Girl child schemes Both Mutual funds and Girl Child Schemes serve the same purpose and that is to act as investment vehicles. Parents often take the help of either of these or both to create an appropriate portfolio that will be able to meet the desired needs of their girl child.  Let us make comparisons and also see the difference between the two based on certain parameters. 1. Interest rates Both schemes offer higher interest rates that lead to more savings. Girl child schemes generally offer a return of 7% to 8.6% whereas mutual funds offer returns of 12% to 14% easily in the long run.  2. Saving on taxes Gains on equity funds, LTCG, ELSS, and dividends received on mutual funds can be claimed as tax-exempt as mutual fund investments up to INR1.5 lakh per annum are under tax deduction. All the girl child schemes are exempted from tax to benefit the girl child. 3. Low minimum investment  Both schemes have the option of low minimum investment. Some investors have waived the minimums and individuals can now invest as low as $1 or INR 100. There is already a fixed minimum value for a girl child scheme be it INR 200 0r INR 500 or INR 1000 and investors have to start with that amount only.  The Edufund App gives its investors the option of starting mutual fund schemes or SIP at INR 100 only.  4. Terms and conditions The terms and conditions of the girl child schemes are straightforward with no room for any assumption. Mutual fund schemes are subject to market change and should be read properly by investors.  5. Limitation of amount The minimum and maximum amount of investment in girl child schemes are pre-decided and you cannot go above or below the said amount. Mutual funds on the other hand give the option of deciding the minimum and maximum amount by yourself as per your ability.  6. Flexibility Girl child schemes do not offer any flexibility whereas investors can choose from a broad spectrum of mutual funds schemes.  7. Premium In several girl-child schemes, the premium is waived off in case the policyholder dies prematurely, whereas that is not the case with a mutual fund. 8. Safe and secure Although mutual funds are considered safe investments with greater returns, in the long run, girl-child schemes are a better option for conservative investors who are more concerned with the safety of their investments than high returns.  9. Partial Withdrawals Several girl child schemes allow investors to withdraw partially after a specific period but mutual funds schemes have a specific lock-in period and cannot be withdrawn partially.  Conclusion In the discussion between MF vs Girl Child Schemes, both the schemes are meant to benefit the investor at the end of the day. If the investor is ready to take a certain amount of risk with their investment then they can create a financial corpus of a good amount through mutual funds. But, if they are looking for a safe investment vehicle then girl-child schemes are the best option. Consult an expert advisor to get the right plan TALK TO AN EXPERT

Mutual fund companies offer flexibility to invest in their schemes through SIP (Systematic Investment Plan). While some choose the date of SIP based on their salary credit, others may try to time the market by selecting specific dates based on different factors one may choose to invest at the end of the end because of the high volatility and F&O expiry of the month-end contract. So, is there a best date for SIP investment? In this blog, we’ll see whether the date of SIP will make a huge difference or not. Read on!! We have analyzed the data of the past ten years, from Jan’11 to Sep’22, of BSE Sensex based on daily returns to understand it in a better way. Note: When there is a holiday, the date of the previous/next working day has been considered.Source: BSE, EduFund Research Team The above calculation shows that there is hardly a marginal difference in returns based on the period under observation. So, there is no strong relationship between the SIP date you choose and the returns. Any date will work if you are investing through SIP. Experts suggest that one should never try to time the market; instead, remain invested with discipline over a longer period to get the most benefit of compounding. SIPs are designed to deal with the volatility in the market. SIP helps your investments to average out the cost of buying, which is called rupee cost averaging. This helps investors to buy mutual fund units at lower prices and higher, which averages out the cost of buying the units. What is Compounding? Compounding works as a multiplier in your investment. You not only get the returns on the invested amount but also get the returns that keep getting added back to your invested amount. In short, earning returns on principal & returns as well. The best thing about compounding is that at one point your amount of returns will be more than your invested amount. What is the rupee-averaging cost? In this concept, a fixed amount is invested at regular intervals. This allows you to buy more units of a mutual fund when prices are low and fewer units when prices are high. Over the period, this averages out the cost of buying. Timing the market is challenging. The market goes through different phases, and you never know when the market is going to rise or fall. So, disciplined investing will help you to accumulate wealth over the period. When we try to time the market, we invest with emotions which can lead to wrong decisions. SIP helps to ignore all these factors and helps to invest regularly. Conclusion SIP can do wonders with your investments if you do discipline and regular investing over a longer period without thinking of the date, by Just following the normal process. Consult an expert advisor to get the right plan TALK TO AN EXPERT

The Indian markets recovered and boomed in November 2021, followed by a sharp decline of 9-10% from January 2022 until June 2022. The fall continued, with the single most significant fall of 2.5% in September 2022. Investors have been cautious about what the D-street will offer them during Samvat 2079 Muhurat. Let us see how the market has performed for every Samvat Samvat se Samvat Tak - Nifty performance Note: According to the Hindu Calendar, the Vikram Samvat calendar is 56.7 years ahead of the solar Gregorian calendar. Hence, when the Gregorian is in 2022, it is the beginning of Vikram Samvat 2079, which will be post-Diwali next week Source: Economic Times, EduFund Research For global equities, Samvat 2078 turned out to be a challenging year, given headwinds including rate hikes, the energy crisis, the Russia-Ukraine conflict, continued supply disruptions, outflows from foreign investors, and heightened inflation.  What does the index indicate this Diwali?  India’s equity market is likely to outperform its global peers in the upcoming Hindu year of Samvat 2079. This will be on the back of improving corporate earnings. Cumulative profits of the top 500 companies as a percentage of the country’s gross domestic product (GDP) hit an 11-year high of 4.3 percent in 2021-22 (FY22). This has been a positive sign of revival after the massive destruction caused by COVID-19.  Corporate earnings to GDP ratio – an all-time high for India with a sharp rebound post-COVID.Note: According to the Hindu Calendar, the Vikram Samvat calendar is 56.7 years ahead of the solar Gregorian calendar. Thus, when we are in 2022, it is the beginning of Samvat 2079 which is after Diwali next week. Source: Economic Times, EduFund Research   Going by the GST and advance tax collections, for the second quarter of FY 2023, the aggregate revenue for the Nifty 50 companies is likely to witness a healthy double-digit growth of up to 20% year-on-year. This will be a massive improvement for the seventh quarter in a row and will be led by strong credit offtake. A revival in private capital expenditure due to stocking up of goods before the festive season.   Amid inflation concerns and higher input costs in India, some of the factors which have worked well for the Indian economy are healthy GST collections, the highest GDP growth in the Asian region, an above-normal monsoon, and strong earnings. These factors are likely to keep the economy in better shape when compared to other emerging economies, particularly at a time when there is a lot of uncertainty around the global market.   On the FII and DII movement, the market has seen a heavy withdrawal in 2022 particularly in Q1 and Q2 of CY 2022 due to non-competitive interest rates, geo-political issues, inability to beat inflation, and better return opportunities in other markets. However, the FIIs generally love pouring money during Muhurat trading due to its favorable market conditions and there have been signs of declining FII withdrawal from the Indian market in Q3. This is likely to provide the much-needed impetus to the Indian market.  How has the FII/DII participated in the market?  Note: Net Purchase / Sales of FII/DII in Cash Source: Moneycontrol How are the valuations?  With the recent correction in the market, and the improving earnings of India Inc. the valuation as defined by the P/E ratio has fallen in line with the long-term average for CY22. This makes the market more attractive from a long-term investor point of view. Note: Simple Average is taken for the yearly P/E ratio Source: Nifty PE Ratio, EduFund Research  Particularly for 2022 after April, the valuations have been becoming attractive owing to improving earnings and also correction in the market.  Note: Data for Nov and Dec 2022 is not available Source: Nifty PE Ratio, EduFund Research   What should you do?  The Indian markets have faced a significant hit and have performed the worst in September 2022 due to rising inflation and interest rate hikes. However, we believe any correction in the market is inevitable and should be used as an opportunity to acquire more units of investment to make the most of the opportunity.   The Indian benchmarks are currently trading at rich levels, and we have an optimistic view with regard to the Indian economy’s growth. This is primarily due to the reforms the government and the Central Bank are taking to beat the rising inflation and improve private capex. Additionally, we are bullish that several multinational companies have been moving their units from China to India, with Apple starting its facility in India.   Having said this, one cannot ignore the harsh reality of high inflation, declining currency value, and rising geopolitical issues with tensions between the US and North Korea and Russia and Ukraine. Also, with a high probability of another rate hike by the US Fed later this year and the depreciating rupee, Indian inflation is likely to stay high next year.   Thus, it would help if you focused on single names that perform well in a volatile environment and are undervalued, as highly valued stocks are less likely to perform during periods of inflation and high-interest rates. For investors who are less adaptable to a volatile environment, mutual funds work the best, particularly in the hybrid category with a dynamic asset allocation approach.  DisclaimerThe Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this content constitutes a solicitation, recommendation, or endorsement. Please consult your advisor before investing. Mutual Funds are subject to risk, read the offer documents carefully before investing.

Equity vs Debt Funds which one is better is an ongoing discussion between investors who are interested in mutual funds as their investment vehicles. Although both these funds are good investment schemes each of them behaves differently when it comes to various parameters like returns, taxation, duration, and investments.  The selection of a specific fund depends upon personal preference, risk appetite, and the financial goal of the investor.  Some investors find it difficult to distinguish between equity funds and debt funds. Let us get a better understanding of both investment options so that the knowledge can help to make viable decisions. What is an Equity Fund? Equity funds are mutual fund schemes with investments in company shares and related securities like derivatives (futures and options) that trade in the stock market and have the potential to grow rapidly. The objective is capital appreciation and dividend-paying stocks that provide an income to the investor.  Equity funds are categorized as large-cap, small-cap, mid-cap, and thematic funds. When a fund manager invests more than 65% of the portfolio in stocks it is considered an equity fund. What is a Debt Fund? Debt funds are mutual fund schemes with investments in securities and money market instruments that generate fixed income. These are corporate bonds, commercial papers, treasury bills, non-convertible debentures, certificates of deposit, and government securities.  Debt funds are secure investments, with lower returns and a fixed maturity period. Differences between Equity vs. Debt Fund 1. Instruments Equity funds invest in company shares traded in the stock market and securities and derivatives like options and futures whereas debt funds invest in debt and money market instruments like corporate bonds, commercial papers, treasury bills, non-convertible debentures, certificates of deposit, and government securities.  2. Return on investment Equity funds yield higher returns in the long run whereas the return on investment in the case of debt funds is low to moderate when compared with equity funds.  3. Tax saving options Investors can save taxes by investing in ELSS mutual funds up to INR 150,000 per year. There is no such tax-saving option for investors in debt funds. 4. Risk appetite Investors with moderately high to high-risk appetites opt for equity funds whereas investors with low to moderate-risk appetites choose debt funds as their investment vehicle. 5. Timings The timings of both buying and selling of equity funds are very important as they are dependent upon the stock market which is known for its volatility. The timings of buying and selling in the debt funds are not as important as it is for equity funds. The duration on the other hand is more important than the timing for a debt fund.  6. Expense Ratio In equity vs debt funds, the expense ratio of equity funds is much higher as it is managed by fund managers whereas the expense ratio of debt funds is lower when compared with equity funds. 7. Taxation Investors have to pay a 15% tax on capital gains from equity funds that are held for less than 12 months. The capital gains on equity holdings for more than 12 months are tax-exempt up to an amount of INR 1 lakh. All the gains beyond this amount are taxed @ 10%.  In equity vs debt funds, if investors are holding debt funds for less than 36 months then they will have to pay short-term capital gains tax and it will be taxed as per the tax bracket of the investor. When the debt holding is for more than 36 months investors can avail of indexation benefits and post it the long-term capital gains are taxed at 20%.  8. Investment duration Equity funds are investment options for the long run as they help investors to meet long-term financial goals. Debt funds are investment options for the short run as the duration ranges from 1 day to several years. These are often used as alternatives for savings and fixed-deposit bank accounts. How can one invest in equity or debt funds? Investors can take the help of financial advisors at the Edufund App for informed decisions as the platform offers an option to choose from 4000+ mutual funds in both equity and debt fund categories. The platform guarantees transparency and secured transactions because of top-class 128-SSL security.  Moreover, the value-added benefits like zero commission, no hidden charges, free advisory, and tracking investments through Edufund’s scientific fund tracker help to save a good amount that can be invested further in either or both equity and debt funds.  Conclusion In the discussion between equity vs debt funds, it is important to note that these are tax-efficient investments when compared with other asset classes. Both are mutual funds that help investors to meet their investment goals effectively. FAQ Which is better debt fund or equity fund? Equity funds generate slight higher results Which is riskier debt or equity? Debt has a real cost to it, the interest payable Is SIP in debt fund good? All debt funds are not suitable for SIPs Are debt funds good for the long term? Investors should invest in long-term debt funds if they have an investment time frame of more than 3 years TALK TO AN EXPERT

To guarantee a bright financial future for your kids, you must have a solid financial strategy. It's crucial to base your investments on the aspirations of your children and anticipated cash flow needs. In this blog, we have discussed the key milestones to plan for your child's investment plans. School When budgeting and preparing their investment for their child's education, parents should expect the primary school tuition price, and expenses like uniforms, books, extracurricular activities, transport fees, yearly vacations, picnics, etc., to be between (INR 1.25 - 2 lakh per year). Higher Education While planning for your child's higher education The yearly cost of study and living is the first and most important element that one has to take into account before enrolling in college. Universities offer housing on their campuses for both domestic and international students. However, if the institution you have selected to attend does not provide this amenity, you may simply obtain personal accommodations. Following are the estimated costs of studying UG and PG courses from India and abroad:  Govt Colleges in India will cost around Rs 5-6 lakhs. Private Colleges in India will cost around Rs 8-10 lakhs. Studying Abroad can cost up to INR 1 crore. Marriage Although it is stated that marriages are created in paradise, they take place on Earth and require a lot of money to make them memorable. You arrange your "Big Day" to be a special occasion for both you and the family that attend the ceremony. The Indian wedding market is presently worth over Rs. 1,000 crores and is expanding quickly, at a pace of 25–30% annually. The average cost of a wedding in India ranges from INR 20 lakhs to 5 crores. According to estimates, the average Indian spends one-fifth of his lifetime earnings on his wedding. Also, you need to assemble a skilled team, including event planners, florists, caterers, and fashion designers, to make your special day extraordinary. Therefore, before investing in a child investment plan, you must make plans for each of these milestones for your children. Below, we have included the investment strategy and several investment options for your kid's future. 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 approaches, reduce your stock exposure to lessen the likelihood of adverse market changes. Different investment options for your child Fixed deposits and other traditional products might not be enough to cover your child's college costs. Other products like equities funds, balanced funds, and shares should be taken into account. You can select one of the following investment strategies depending on your time frame: The best option is debt mutual funds if your child will need the money within five years. Such funds can provide liquidity while producing returns that are more than the rate of inflation. You can mix several financial products for long-term aims. You have the option of investing in gold, stocks, and debt. Although exposure to the stock market is hazardous, investing in equities allows investors to generate larger profits over the long run. PPF is one of the greatest investment options for financing a child's education. To establish a sizable corpus, you must begin this early and invest steadily. Numerous insurance providers provide a range of kid-focused solutions. When your child needs the money to pursue further education, you may choose to implement more mature policies. FAQ Which investment is good for a child's future? When your child is still small and you have at least 15 to 20 years till retirement, it is excellent to begin investing in equities mutual funds. This enables you to withstand shocks like stock market collapses and volatility. Why is future planning important for children? The best way to guarantee money for your children's future needs is through child plans. Many modern plans come with a variety of features that can help you develop your assets and ensure that your kids have money for college. Without having to deal with the pressure of a large investment, you may frequently make little investments. When is the best time to buy a child's education plan? Generally speaking, it is best to get a kid's education plan as soon as possible. This is so that you can leverage the benefits of compounding if your investment has more time to develop.  Investment plans for children help you and your child prepare financially for growing education costs, unanticipated illnesses, and bad circumstances. Planning for your child's future must begin as soon as feasible. This spreads out the risks involved and gives your assets more time to flourish TALK TO AN EXPERT