This website including the ‘[EduFund]’ platform is owned, operated and maintained by Helena Edtech Private Limited, a company incorporated under the laws of India. The platform and the services thereunder are provided on an "as is" basis. Use of the service and the platform is at your own risk. Company makes no warranty that the use of the service and the platform will be continuous, uninterrupted, bug-free, error-free, virus-free, free of defects, free of technical problems, nor that it will meet all of your needs. To the extent permitted by applicable law, Company expressly disclaims all other warranties, conditions, results, guarantees, or representations with respect to the service and the platform, whether express or implied, including, but not limited to, the implied warranties of merchantability, merchantable or satisfactory quality, fitness for a particular purpose, non-infringement of third party rights, or arising from the course of performance, course of dealing, or usage of trade.
Investment in securities market are subject to market risks, read all the related documents carefully before investing. The valuation of securities may increase or decrease depending on the factors affecting the securities market.
EduFund and the EduFund App are the brand and product of Helena Edtech Private Limited
“An affiliate of the Company, i.e. Samyama Advisors Private Limited, is registered with the Securities and Exchange Board of India (SEBI) as an investment adviser under the SEBI (Investment Advisers) Regulations, 2013 bearing the registration number [INA000015321]. Samyama Advisors Private Limited may provide investment advice to the clients through the Company's platform.”
Registered Address: 30, Omkar House, Near Swastik Char Rasta, Navrangpura, Ahmedabad Gujarat, India – 380009
Transaction Platform Partner : BSE Star MF (with Member code-51573). CIN No: U67100GJ2020PTC112589. RIA Number: INA000015321 GST No: 24AAFCH2122L1ZU
What Is The 15 * 15 * 15 Rule In Mutual Funds?
What if we told you that you could be a crorepati without going to KBC or without winning a lottery? Would you want to follow that mantra and build a huge corpus for yourself?
The Mantra is called *drum roll* the 15 x 15 x 15 rule of investing!
It means that, if one follows a diligent financial discipline of investing Rs 15,000 for 15 years in a mutual fund that offers returns of 15% – one would be building a huge corpus which would be greater than Rs 1 Cr. Upon investing Rs 27 lakhs, one creates wealth of over Rs 73 lakhs!
If one continues this financial discipline and continues to invest for another 10 years – the corpus would build to Rs 4.86 Cr i.e., 4X times in another 10 years. If you want to maintain this for another 15 years i.e., the entire period of investing would be 30 years – the corpus would be over Rs 10.38 Cr which is 10X times what one would have obtained for being invested for 15 years.
Compounding has a magical effect on our investments by growing our small contributions into a large sum. Hence, it is always advisable to start the magic early – because “Kal kare so aaj kar aur aaj kare so ab” applies even to your portfolio of investments.
Consider that you would like your child to study in a reputed Ivy league school or a grand college in the States (US). The current tuition and fee for a Public 4-year program is $10,560, which is Rs 7.65 lakhs after $/Rs conversion rate (1 $ = Rs 72.59). However, this is for a resident of the state.
For Indian students or out-of-state students, the fees would be $23,890/year – for 4 years it would be $95,560 which is Rs 69 lakhs. The tuition and fees have increased by 16% over a period of 2011-21 (inflation-adjusted). This implies that after 20 years the fees would rocket to over Rs 1 Cr.
Hence, one would have to take this factor of “educational inflation” into consideration when one is saving for their little one’s education. Similar to all investments, it is always better to start as early as possible to reap the benefits of compounding.
If your child is to pursue his/her higher education after 15 years, you could follow the 15-cube mantra (15*15*15) to fund the dreams of your little one.
There could be cases where you have a higher time frame for your child.
For example: If your child is 2 years old, and would fly off for pursuing his or her education after 20 years, the amount that you should be saving to fund his/her education effortlessly would be as shown in the table.
Hence as a parent, you would have to save Rs 7000/month to fund your child’s education. The easy way to do this is by downloading the EduFund app and getting started on your investment journey to fulfil your child’s dreams.