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Before enrolling at an IIM, students need to know about the cost of studying in IIMs beforehand to take appropriate steps to arrange the college fees. As education inflation has reached its peak, the cost of educational expenses is also on the higher side. What are IIMs? The Indian Institutes of Management, commonly referred to as IIM, is a public business school owned by the central government of India. The IIMs offer several study courses like MBA Executive, doctoral, postgraduate, and undergraduate, as well as business administration-related additional courses.  The flagship program of IIM is the MBA or Master of Business Administration program, which is offered as a one-year global MBA program or a two-year Postgraduate Program in Management (PGP).  Create Education Goal to Study in IIM Average Cost of Studying in IIMs There are several IIMs in India, the prominent three being IIM Ahmedabad, IIM Bangalore, and IIM Calcutta also referred to as IIM-A, IIM-B, and IIM-C, respectively. The MBA fee structure of all the IIMs varies between INR 16 Lakh and INR 27 Lakh.  The IIM MBA fees for the top three institutes are the highest and range between INR 24 Lakhs and INR 27 Lakhs, and for newly opened institutes, the fee varies between INR 16 Lakhs to INR 19 Lakhs.  There is a distinct difference between the fee structure of older and newly built IIMs because the new IIMs are financially backed by the government, unlike the older ones, which bear the maintenance and other expenses by themselves. Components of MBA Fees: IIM Fee Structure The IIM fee structure includes Tuition fees Traveling expenses Boarding fees Personal expenses Library fees Cost of Eating in the Mess  Internet expenses Cost of books and course materials Computer/laptop cost Study tours Alum activity Miscellaneous expenses Students can pay the total fees at one go or opt for a semester-wise payment schedule, whichever they find comfortable. Cost of studying in Top 10 IIMs IIM CampusTotal Tuition FeesIIM AhmedabadINR 24.61 lakhIIM BangaloreINR 24.50 lakhIIM CalcuttaINR 25.00 lakhIIM LucknowINR 20.70 lakhIIM KozhikodeINR 20.50 lakhIIM RaipurINR 16.10 lakh (excluding boarding fees)IIM UdaipurINR 19.00 lakhIIM RohtakINR 17.60 lakhVisakhapatnamINR 17.58 lakhIIM TrichyINR 19.5 lakh An overview of the top 3 IIMs  1. IIM Ahmedabad  IIM Ahmedabad is the country's most popular and most expensive IIM, offering Business & Management Studies. The institute offers several facilities like a hostel, library, cafeteria, labs, gym, music room, wi-fi campus, auditorium, medical facilities, sports complex, and a/c classroom.  The total tuition fee structure for the different courses is. CourseTotal Tuition FeesDurationMBA/PGDM (3 courses – 50 seats)INR 12 lakh - INR 24.61 lakhFor 16 months – 2 yearsExecutive MBA/PGDM (1 course – 140 seats)INR 31.5 Lakh 1 yearMMS (1 course)INR 20 lakh2 yearsCertificate (2 courses – 60 seats)INR 1.57 lakh4 – 6 months 2. IIM Bangalore Established in 1973 with NIRF ranking two and a 100-acre campus area, the IIM fee structure covers fees for personal accident insurance and medical insurance besides the regular fee structure offered by almost all the IIMs. Statistics of Bangalore placement 2022 show that 137 companies visited the campus and made 662 offers. The median and average package offered was INR 31.20 lakh per annum and INR 33.82 lakh per annum, respectively. CourseTotal Tuition FeesDurationMBA/PGDM (4 courses – 635 seats)INR 12.5 - INR 24.5 lakh1 year – 2 yearsCertificate (79 courses)INR 65 k – INR 17.75 lakh2 days – 15 monthsExecutive MBA/PGDM (1 course – 75 seats)INR 23 lakh1-year 3. IIM Calcutta IIM Calcutta ranked 3rd under the NIRF rankings and was the first to be established under IIM legacy. According to the available statistics for 2022, the placement percentage of the institute last year was 100%, as 190+ companies visited the campus, and 631 offers were made to the students.  CourseTotal Tuition FeesDurationMBA/PGDM (3 courses)INR 23.2 lakh – INR 25 lakh2 yearsExecutive MBA/PGDM (2 courses)INR 13.5 lakh to 31 lakh1 yearCertificate (35 courses)INR 2.5 lakh – 12.89 lakh6 months – 1 year Balance the Books by Comparing the Cost of IIMs! An elite collection of management schools in India known as the Indian Institutes of Management (IIMs) are renowned for their demanding academic curricula and superior management education. In India, there are 20 IIMs, each with special qualities and advantages. Here are the IIMs available in India: IIMLocationAnnual Fee for PGP (Latest Available)IIM AhmedabadAhmedabad, GujaratApproximately INR 30 lakhsIIM BangaloreBangalore, KarnatakaApproximately INR 24 lakhsIIM CalcuttaKolkata, West BengalApproximately INR 31 lakhsIIM LucknowLucknow, Uttar PradeshApproximately INR 19 lakhsIIM KozhikodeKozhikode, KeralaApproximately INR 19.5 lakhsIIM IndoreIndore, Madhya PradeshApproximately INR 20 lakhsIIM ShillongShillong, MeghalayaApproximately INR 14.3 lakhsIIM RohtakRohtak, HaryanaApproximately INR 16.9 lakhsIIM RanchiRanchi, JharkhandApproximately INR 16.3 lakhsIIM TrichyTiruchirappalli, Tamil NaduApproximately INR 19.5 lakhsIIM KashipurKashipur, UttarakhandApproximately INR 17.3 lakhsIIM UdaipurUdaipur, RajasthanApproximately INR 20.4 lakhsIIM RaipurRaipur, ChhattisgarhApproximately INR 16.5 lakhsIIM NagpurNagpur, MaharashtraApproximately INR 18 lakhsIIM VisakhapatnamVisakhapatnam, Andhra PradeshApproximately INR 18.2 lakhsIIM Bodh GayaBodh Gaya, BiharApproximately INR 15.5 lakhsIIM AmritsarAmritsar, PunjabApproximately INR 17 lakhsIIM SirmaurSirmaur, Himachal PradeshApproximately INR 11.75 lakhsIIM SambalpurSambalpur, OdishaApproximately INR 13 lakhsIIM JammuJammu, Jammu and KashmirApproximately INR 17 lakhs Let’s have a look at the Top 10 IIMs with their Annual Fee. Remember, IIMs often provide scholarships and financial assistance to eligible students based on various criteria, so prospective applicants are encouraged to check the most up-to-date fee structures and financial aid options on the respective IIMs' official websites. Fees for Indians and foreign Nationals at IIMs 1. IIM Ahmedabad One of India's top business schools is IIM Ahmedabad. The PGP (Post Graduate Programme) and PGP-FABM (Post Graduate Programme in Food and Agribusiness Management) are only two of the postgraduate programs it provides. The annual cost of the PGP program is around INR 30 lakhs for Indian citizens and USD 85,000 for foreign students. 2. IIM Bangalore Another esteemed IIM, IIM Bangalore is renowned for its demanding academic programs. The PGP, PGPEM (Post Graduate Programme in Enterprise Management), and PGPPM (Post Graduate Programme in Public Policy and Management) are all programs offered by the institute. The annual cost of the PGP program is around INR 24 lakhs for Indian citizens and USD 85,000 for foreign students. 3. IIM Kolkata One of the original IIMs, IIM Calcutta is well known for its management programmes. It provides a variety of management courses, including the PGDM (Post Graduate Diploma in Management). For Indian citizens and overseas students, the average yearly cost of the PGDM program is roughly INR 31 lakhs and USD 92,500, respectively. 4. IIM Lucknow The academic offerings and research initiatives of IIM Lucknow are renowned for their variety. It offers courses including PGP, WMP (Working Managers Programme), and IPMX (International Programme in Management for Executives). The yearly cost of the PGP program is around INR 19.25 lakhs (for Indian citizens) and USD 63,500 (for students from other countries). 5. Kozhikode IIM The unique programs and instructional strategies used at IIM Kozhikode are well-known. It provides the PGP, EPGP (Executive Post Graduate Programme), and PGP-BL (Post Graduate Programme in Business Leadership). The yearly cost of the PGP program is around INR 19.50 lakhs (for Indian citizens) and USD 60,000 (for students from other countries). https://www.youtube.com/shorts/SRkKqX7IQF4 6. IIM Raipur One of the most recent IIMs, IIM Raipur, is rapidly rising to prominence. It offers the Executive Fellow Programme in Management (EFPM) and PGP. For Indian nationals, the PGP program's annual cost is around INR 16.5 lakhs. 7. IIM Udaipur The picturesque campus and management programs of IIM Udaipur are well-known. The PGP and PGPX (Post Graduate Programme for Executives) are available there. For Indian nationals, the PGP program's annual cost is around INR 20.4 lakhs. 8. IIM Rohtak The IIM Rohtak is renowned for its dedication to top-notch management education. It offers the Post Graduate Programme (PGP), Integrated Programme in Management (IPM), and Executive Post Graduate Programme (EPGPX). For Indian nationals, the PGP program's annual cost is around INR 16.90 lakhs. 9. IIM Visakhapatnam IIM Visakhapatnam, one of the most recent IIMs, is expanding quickly. The PGP and FPM (Fellow Programme in Management) are available. For Indian nationals, the PGP program's annual cost is around INR 18.20 lakhs. 10. Tiruchirappalli's IIM Trichy The management programs and emphasis on research at IIM Trichy are well-known. Both the PGP and FPM are offered. For Indian nationals, the PGP program's annual cost is around INR 19.50 lakhs. FAQs Which is the cheapest IIM? The cheapest IIM is IIM Sirmaur with its PGP course charging 11 lakhs per annum. Why IIM fee is high? IIM fees are high because their private bodies fund their institute primarily through tuition fees. They off highly popular because of their brilliant ROIs and advance programmes. The institutes offer quality education for MBA courses that are extremely sought after. It is one of the hardest universities to get admission to due to the rigorous admission process and intense competition. What are IIMs? The Indian Institutes of Management, commonly referred to as IIM, is a public business school owned by the central government of India. The IIMs offer several study courses like MBA Executive, doctoral, postgraduate, and undergraduate, as well as business administration-related additional courses

Did you know that actor Akshaye Khanna, Ram Charan, Vijay Menon, and entrepreneur Anand Mahindra - Chairman & MD, Mahindra Group, and writer Arundhati Roy have one thing in common? They all are famous alumni of The Lawrence School, Lovedale, Ooty. Although expensive, these schools are quite popular among the masses. Many of these schools offer day as well as boarding residential facilities and charge upwards of 14 lakhs/ annum. Let us see what makes them so expensive. Top 10 Schools in Ooty  These schools are counted among the best and are in the top category. Below is a small brief about their average fees and facilities that make them an excellent choice for your child’s education.  1. The Lawrence School “The Lawrence Asylum” was built in the year 1856 as a memorial to Major General Sir Henry Montgomery Lawrence, an ADC to Queen Victoria. Thereafter, it was established as a school in the year 1858 and handed over to the Government of India in May 1949.  It is a co-ed boarding school (Grade 5 up to Grade 12) affiliated with the CBSE board. Apart from offering Counseling and Career Development services, it also provides extra-curricular activities such as Horse riding, Art, needlework, Guitar classes, Dance, Piano, Sculpture and Pottery, Piano, Vocal Art, Yoga, etc. The campus is divided into Prep (Grades 5 & 6), Junior (Grades 7 & 8), and Senior (Grades 9 – 12) housing classrooms and dormitories. Average Fees: Upwards of 6 lakhs per annum Expensive Schools in Gwalior for Child Education Read More 2. The Nilgiris Matriculation Higher Secondary School (N.M.H.S.S) Established in the year 1979, N.M.H.S.S is the oldest matriculation school in the Nilgiris, situated at Lovedale. It is a day as well as a co-education boarding school and has classes from kindergarten to Grade 12. It boasts of smartboard-equipped classrooms and well-equipped science laboratories. It is affiliated with Tamil Nadu Matriculation (Grade 1 – 10) and Tamil Nadu State Board (Grade 11 & 12). Average Fees: Not Disclosed Expensive Schools in Dehradun Read More 3. St. Hildas School and Junior College Founded by the sisters of the Church Extension Association in 1895, the school is located at Nilgiris 300 feet above the lake. It is a day as well as a boarding school affiliated with ICSE/ ISC boards and State board CBSE and is a girls' school. However, they have introduced boys' schools from the academic year 2021-2022 and have classes from Grades 1 to 10. Music is an essential part of the school and it also provides music tuition for the same. Average Fees: Rs. 1,30,000 - 2,00,000 per annum. 4. The Blue Mountains School Founded in 1961 by the late F. G. Pearce, the institution was established under the F.G. Pearce Educational and Charitable Trust. He was a well-known educationist and a pioneer of the Indian Public-school Movement. It is a co-ed school open for classes from Pre-nursery to Grade 12 and affiliated with CISCE and CIE boards. It is a day cum boarding school. Co-curricular activities such as trekking, hiking, walking, field visits, etc. are conducted every weekend for students. Classes and workshops on Art, singing, needlecraft, woodwork, gardening, and cooking are conducted throughout the week. Classes are held twice a week for students interested in learning music, piano, guitar, and keyboard. Average Fees: Rs. 5,00,000 per annum Schools in Mussoorie for Child Education Read More 5. JSS International School Established in the year 1991, it is a co-educational day cum boarding school affiliated with CBSE and CIE boards catering to students from Grades 1 to 12. Along with games and sports, the school offers a variety of co-curricular activities such as Art, Dance, Musical band, Sculpture, Yoga, Karate, and Bhajan. They also offer coaching to students in tennis, football, cricket, basketball, volleyball and badminton. Activities such as nature walks, boating, and camping are conducted regularly. Students are also taken to visit wildlife sanctuaries like Madumalai in Tamil Nadu and Bandipur in Karnataka.  Average Fees: Not Disclosed 6. The Good Shepherd International School This school was established in the year 1977 and is a co-ed boarding school affiliated with ICSE/ IGCSE/ IB/ CAMBRIDGE/ ISC boards. The fee structure varies depending on the Grade and on the board you select. They also provide co-curricular activities like sports, games, Rifle shooting, Golf, Yoga, Athletics, etc. The school has a Library, Design Studio, Audio Visual Studio, Science labs, Math labs, Computer Center, etc. for its students. Beyond academics, they have the NASA Space Camp Programme, Model United Nations (GSMUN), Sea Cadet Corps, and much more.  Average Fees: For Grades 3 to 5 - 10 lakhs to 12 lakhs per annum For Grades 6 to 8 - 10 lakhs to 15 lakhs per annum For Grades 9 & 10 - 14 lakhs to 17 lakhs per annum For Grades 11 & 12 - 15 lakhs to 19 lakhs per annum 7. Hebron School Hebron School was established in 1899. It is a co-ed boarding school affiliated with the IGCSE/ Cambridge boards. Besides sports such as cricket, volleyball, basketball, tennis, table tennis, squash, and touch rugby, the school offers Visual and Creative Arts, Music and performances, Drama and productions, Tournaments, Library, Literature, and Debate. The school also conducts Spiritual activities for its students.  Average Fees: Rs. 4,00,000 up to Rs. 12,00,000 8. Woodside School Woodside is a day cum boarding school affiliated with the CBSE board. It caters to students from LKG to Grade 12. It offers sports activities as well as arts & Crafts, dance, Music, School band etc. Average Fees: For day scholars - Rs. 85,000 to Rs. 1,40,000 For boarding scholars - Rs. 2,50,000 to Rs. 2,85,000 9. Crescent Castle Public School Crescent Castle is also a co-ed school that offers day and boarding facilities. It is affiliated with the ICSE and ISC boards. This school has various cultural programs, performing Arts, trekking, excursions, etc. for its students.  Average Fees: Not Disclosed 10. Kendriya Vidyalaya Indunagar HPF A much-known name in the metro cities, Kendriya Vidyalaya is a co-ed day school having classes from Grades 1 to 12 affiliated with CBSE. The fee structure for all the Kendriya Vidyalaya schools remains the same. The school organizes various activities for the overall development of its students. Tuition Fees are exempted for girl students from Class 1 to 12.  Average Fees: Class 1 & 2 - Rs. 1500 (Per Quarter) Class 3 to 5 - Rs. 1800 Class 6 to 8 - Rs. 1800 Class 9 & 10 - Rs. 2400  Class 11 & 12 - Rs. 2850 (Commerce & Humanities) Rs. 3150 (Science) CBSE Schools in Ooty These are some of the best CBSE Schools in Ooty where you can send your children. CBSE is one of the most popular education boards in India. It offers holistic learning opportunities and the average fees for CBSE schools range between Rs. 85,000 to upwards of Rs. 6,00,000 per annum.  JSS International School - Avg Fees: Not Disclosed The Lawrence School - Avg Fees: Rs. 6,00,000 onwards The Blue Mountains School - Avg Fees: Rs. 5,00,000  Kotagiri Public School - Avg Fees: Not Disclosed  St Hildas Higher Secondary School - Avg Fees: Rs. 1,30,000 Hebron School - Avg Fees: Rs. 4,00,000  Kendriya Vidyalaya - Avg Fees: Rs. 3000  Woodside School- Avg Fees: Rs. 85,000 ICSE Schools in Ooty ICSE schools are also among the popular choices for parents for their child’s education. Here is a list of some of the popular ICSE Schools in Ooty.  The Good Shepherd International School: Avg Fees-Rs. 10,00,000 St Hildas Higher Secondary School: Avg Fees- Rs. 1,30,000 Crescent Castle Public School: Avg Fees-Not Disclosed  Brindavan Public School: Avg Fees-Not Disclosed International Community School: Avg Fees-Rs. 60,000 Riverside Public School: Avg Fees - Rs. 95,000 St Joseph’s College: Avg Fees- Rs. 1,30,000 The Laidlaw Memorial School and Junior College: Avg Fees-Not Disclosed IB Schools in Ooty The IB schools offer an education of international standards. The IB curriculum, though expensive, is still a perfect choice for your child because it focuses on learning that is applied and practical. It focuses on measuring students' knowledge and intelligence. The high costs involved in providing infrastructure to impart IB education prevent many schools from offering an IB curriculum. Only one school in Ooty offers the IB curriculum. https://www.youtube.com/watch?v=6jTgEWL5sXw&t=2 Boarding Schools in Ooty Boarding residential schools provide a healthy learning environment for your children. Apart from academics and co-curricular activities, it teaches the child to be independent and responsible. These schools offer some amazing activities as well. The Good Shepherd International School: Avg Fees -Rs. 10,00,000 Hebron School: Avg Fees-Rs. 4,00,000  The Lawrence School: Avg Fees-Rs. 6,00,000 The Blue Mountains School: Avg Fees -Rs. 5,00,000 Riverside Public School: Avg Fees -Rs. 1,00,000 The Laidlaw Memorial School: Avg Fees - Not Disclosed Brindavan Public School: Avg Fees - Not Disclosed Braeside School: Avg Fees - Not Disclosed St Hildas Higher Secondary School: Avg Fees - Rs. 1,30,000 FAQs Which is the most expensive school in Ooty? The most expensive school in Ooty is The Good Shepherd International School which has annual fees ranging from 10 – 16 lakhs. Keeping this amount in mind, it's best to start saving early on for your child’s future. Is Ooty expensive for child education? If you consider, on an average basis, Ooty is definitely expensive for your child’s education. However, with smart investment planning, especially with EduFund you can realize your dream early on. These are some of the most expensive schools in Ooty. Do you need help saving for these schools? Connect with EduFund savings experts and find out the best way to save and invest for your child’s future.

According to Money Control’s recent statistics, “education inflation in India rose by 10% from 2012-2021” It has disrupted the lives of parents and aspiring children to ensure ease of admission. The data shows that education costs rose above food and healthcare despite the hard-hitting pandemic. "IIT (Indian Institute of Technology)- all units in the country, doubled their fees by Rs. 90000 to Rs 2Lakh for all undergraduate courses in 2021." The worst figures are yet to blow the minds. According to the Economic Times, “parents will have to spend 1.5 crores on the child’s education.” To ensure parents do not struggle to meet the growing costs of raising a child, here are some ways to deal with rising college fees for your child!  https://www.youtube.com/watch?v=VvqzQx8kCpw Ways to deal with rising college fees for your child 1. Invest via SIPs SIPs are ideal if you wish to begin small in the market. In this, you can start by saving ₹5000 every month for ten years at 15% interest (assumed), and you can accumulate up to 7.93 lakhs for your child’s education. A SIP provides long-term gains and consistent savings. Continuously diversify your SIP investments in 2-4 equity-oriented mutual funds with a mix of large and mid-cap investments. Tap into equity-linked saving schemes to save for a child’s college fees and save on tax. The earlier you invest in SIP for a child’s education, you may reap more returns. Start Investing in Mutual Funds 2. Invest in US Stocks You can invest in US stocks from India in 2 ways, that is, Direct investments in stocks and Indirect investments in stocks through Mutual Funds In the case of Direct Investments, you can invest in stocks through an overseas trading account with a domestic broker or by creating an overseas trading account with an overseas broker. In the case of Indirect investments, you can invest in US stocks from India in the form of  Mutual Funds, or ETFs (Exchange Funds Transfer and Investing Applications. As per RBI guidelines under the Liberalized Revenue Scheme (LRS), one can invest up to 1.9 crores or 250000 dollars per year. Start Investing in US Stocks 3. Invest in PPF (Public Provident Fund) A PPF is a 15-year scheme that helps create a tax-free savings account for your child’s educational expenses. A guardian may withdraw some amount after 6 or 7 years of maturity. If your child wants, he too may contribute towards the fund after maturity. One can extend the account’s validity after maturity. Always remember, that PPF is a debt account. Hence, inflation blows might affect investments. The combined limit for the PPF account is 1.5 lakh per annum. Under Section 80C of the Income Tax Act, a PPF account with 1.5 lakh is eligible for tax benefits. One can leverage the use of interest and maturity amount tax exemptions. 4. Unit Linked Insurance Plan (ULIP)  Insurance companies provide ULIP with the flexibility to cover multiple investments under a single scheme for investors. With one policy, you can choose among high, medium, and low-risk investments. An investor can either choose a fixed sum or an investment premium. Evaluate the risk appetite and invest accordingly in the low, medium-, or high-risk investment options. In an unforeseen situation, investors can withdraw a sum after 5 years. The premiums offered are exempt from tax under section 80C. As per research, “A ULIP fund provides 10% returns on average.” For this, an investor must invest for 10 years in the ULIP funds. It is considered an ideal investment for a long-term child’s educational goals. 5. Fixed Deposit It is one of the safest options to eliminate the college fees blues regardless of inflation. Fixed Deposits provide guaranteed returns on investments. Always analyze the interest rates, yield, and interest compounding frequency from different providers before settling for one. The higher the interest rate you get on FD, the bigger the child education fund corpus. However, FD may not provide 10-15% returns, but it is a volatile-free debt instrument.  The current educational costs may vary significantly from future educational costs. EduFund eliminates the guessing game by providing a tangible view of investments through a trusted college calculator. The experts help design a personalized child education investment plan highlighting the guardian’s current income and future educational costs, hassle-free. FAQs What are some best ways to deal with college fees? While there is no one-size-fits-all solution, a few options can be explored depending on your monthly budget, your choice of college, and the stream your child wishes to pursue. Below are some of the best ways to deal with college fees.  Manage your Budget Creating a budget to manage your finances efficiently goes a long way in setting up a disciplined way of life. It helps in monitoring your spending, prioritizing essential expenses, and cutting down on unnecessary costs, thereby helping you save for your child’s education.  Invest Early Investing early on is a smart move as you get enough time to create a corpus of a substantial amount for your child’s education. This also saves you from borrowing money from relatives and taking on educational loans.  Invest in SIP (Small Investment Plan) Begin by investing small amounts in a smart investment plan. This will help you get comfortable with the idea of investing in education. A flexible investment plan is also a good option that allows you to increase your investment at a later stage.  Invest in US stocks You can invest in US stocks, either through Direct Investments or Indirect Investments.  Direct Investments allow you to invest in stocks through an overseas trading account with a domestic broker or by creating an overseas trading account with an overseas broker.  Through Indirect Investments, you can invest in US stocks from India in the form of Mutual Funds, or ETFs (Exchange Funds Transfer and Investing Applications).  Educational Loans An educational loan is also an option for those seeking to study abroad as well as for those who wish to educate their child in one of the expensive institutions in India. Edufund helps you in calculating your college costs along with living expenses providing you a transparent report of the expenses involved. Based on this, a suitable hassle-free loan option is provided.  Scholarship Programs Most educational institutions provide scholarships to students who excel in academics but are unable to bear the cost of expensive institutions. You can apply for the same after reading all the terms and conditions. The first step should be to avail yourself of a counseling session to deal with all the doubts and queries you may have. EduFund provides this first step in a very transparent and efficient manner. As mentioned above, solutions are provided based on your budget and requirements and you can choose the one that suits you the most. What is the best time to save for college fees? The best time to start investing would be as soon as you plan to have your child, or even earlier if possible. This helps in accumulating a decent amount by the time your child starts college. Having said that, it’s never too late to start investing. Begin your investment journey with right now! What are the 5 ways to save for college fees? Here are the 5 ways to save for college fees: Invest in SIPs (Small Investments Plans) Invest in US Stocks Invest in PPF (Public Provident Fund) Unit Linked Insurance Plan (ULIP) Fixed Deposit Why are college tuition costs rising so fast? There are several common factors which contribute to escalating tuition costs: Administrative costs: Many universities have seen significant growth in staff and expenses and investing in appropriate technology. Infrastructure costs: With growing competition, institutions need to keep adding or upgrading their existing infrastructure and facilities. Additional Services and Facilities: Additional services and facilities such as providing counselors, a robust medical service, and co-curricular activities such as sports, arts, trekking, excursions, etc. require additional manpower driving up costs for parents. Education inflation: Inflation that affects the general public also affects universities and institutions increasing operational costs. It increases the costs of studying and related education expenses. Technological costs: Technological advancement improves the overall education system, but it also drives up costs due to investment in infrastructure and equipment as well as in their usage training. Reduced Government Funding: The government can reduce its funding for several reasons and universities have to face the rising costs. It forces them to increase tuition costs to make up for the shortfall. What are the solutions to rising college tuition costs? Here are 2 solutions to the problem of rising college tuition costs:Invest in mutual funds: Mutual funds are the best way to beat the rising college tuition costs. They offer great returns and are often known to beat inflation. You can start an investment plan for your kid's future when they are in school and invest till they are off to college. Invest in US ETFs: Another way to beat college costs is US ETFs. They are great if you want to send your kid abroad to study. They can beat inflation, and rupee depreciation and they offer great returns in US dollars.

In the last 8-9 years, Canada has steadily grown in social standing as the desired location for higher education. It ranks among the most popular destinations for Indian students. Quality education, graduate assistantships, and many government policies regarding immigration are some of the reasons why you should consider Canada for your child’s higher education.  For students who are seeking programs that are cost-effective and shorter in duration, allowing them to cut down on living expenses, Canada has the most acceptable community education system in the world. https://www.youtube.com/watch?v=2d3XNHbB8II&t=84s Source: EduFund Major Benefits of Studying in Canada 1. Academic Skills Education is a federal responsibility, regional governments ensure that the standard of education is uniformly high across Canada, no matter what kind of institution - college/university. Regarding educational streams, all types of programs from different strands are accessible in Canadian academic institutions. Financing Children's Masters in Canada Read More 2. Developmental skills Co-operative work is a wonderful concept in Canada that supports students with employment options in their related sectors while attending university. As a result, an engineering student is granted the chance to participate in work for an engineering firm while studying. This gears up students for actuality by exposing them to a work situation early and instills professionalism with skill development. 3. Quality of life  Canada has repeatedly been graded as being among the world's safest countries. The Global Peace Index ranked Canada as the sixth most peaceful place in the world in 2018. International students enjoy the same entitlement as any other Canadian student. Standard of living also refers to necessities of life such as atmospheric air, safe drinking water, the feeling of space, and so on, as well as other life-related factors such as significant exposure to the best health care services, and strong educational infrastructural facilities.  Can your Child Study MBA in Canada for under INR 40 lakhs? Read More 4. Cultural diversity  Canada is a friendly and accepting community. Individuals from different countries of the world have been planning to migrate to Canada for a long time. This gives Canada a competitive advantage in terms of diverse cultures. Canadians respect other cultures and see them as a symbol of motivation and strength. Students can enjoy festivals of all racial backgrounds year-round, and the best part is that the festivities are not confined to the ethnic community. Still, the rest of the country embraces all festive celebrations. 5. Immigration opportunity  Since overseas students spend much time in Canada, they will become potential Canadians. They are given adequate opportunity to comprehend and adopt Canadian culture while studying and up to three years to recognize Canadian work culture. What it ends up in is likely to be prospering once the studies are completed. Indian students are opting for Canada for their university education, and interest in Canada is growing significantly yearly. https://www.youtube.com/shorts/x9B8449Iuw4 EduFund The number of Canadian college graduates between 2000 and 2019 From 2000 to 2019, the number of university graduates in Canada increased Number of postsecondary graduates in Canada in 2019, segmented by degree type Better paying jobs for children of Canadian immigrants According to a Statistics Canada report, the children of economic immigrants attend school longer and have higher-paying jobs than the typical Canadian-born employee. By the age of 30, the children of economic immigrants in Canada earn more than the average Canadian worker by 29.3%, commanding a median annual wage of $55,500 versus the $42,940 made by the average Canadian employee of the same age. Economic immigrants' children can command higher wages because they attend college or university at a higher rate than Canadians. International students in Canada International students enrolling in formal education increased from 142,170 in 2010/2011 to 388,782 in 2019/2020 in just ten years. As a result, by 2019/2020, the amount of international enrolled students improved from 7.2 percent to 17.8 percent. Within ten years, one out of every ten international students arrived in Canada in 2000 or became a landed immigrant. As a result, new ideas are being inspired, innovation is being boosted, and people-to-people relationships are being strengthened, all of which are important for international commerce and worldwide trade. The number of international students intending to study at the secondary and primary school levels has been declining in recent years. Meanwhile, that has been countered by an increase in the percentage of individuals planning to study for a college or master's degree. More advantages of studying in Canada 1. Affordable and Quality Education Compared to other options such as the US and the UK, Canada offers a highly affordable and quality education for its students. Education fees may differ depending on your chosen university, but you can still save a lot of money while studying in Canada. These universities and colleges offer high-quality academic programs and research opportunities and are consistently ranked among the top global institutions.  2. Cost of Living A single person's monthly cost is approx Rs. 83,307.6 (1,347.1C$) excluding rent.  Most institutions offer courses with tuition fees starting from CAD 15,000 (Rs. 9,03,999). The cost of living for a single student is around 880 CAD (Rs. 53,034) per month. Monthly expenses including rent are approx $1,708 per month per person and $3,911 for a family of four.  If we count accommodation, food, clothing, groceries, health, transportation, entertainment, travel, etc., a student will require approx Rs. 9,00,000 to Rs, 22,00,000 to cover all expenses. (CAD 18,340 approx). To counter this, students can apply for an International Student Identification Card upon their arrival in Canada. This provides many benefits to the global student community such as discounts for shopping, culture, food, access to student services and facilities internationally, etc. It helps prove your student status in over 130 countries since it is the only internationally recognized proof of full-time student status endorsed by UNESCO.  3. Standard of Living After reading about the cost of living in Canada, you might say it is expensive, however, the standard of living here makes it all worth it. High-quality education, lucrative job opportunities, cultural diversity, and accessibility of public services on par with its own citizens make Canada one of the countries with a high standard of living.  4. Safety and Security Canada takes its student safety very seriously, particularly for international students. Students living on campus have a 24-hour security measure in place for them. Canadian citizens on the other hand are warm and welcoming and respect diverse cultures making these students feel comfortable in their home country. There are many safe options for student accommodation outside the campus as well.  5. Work opportunities for students  The study permit in Canada allows international students to work up to 20 hours/ week, which helps them supplement their income. Apart from the opportunity to earn extra income, students also get to experience the professional environment of working in Canada. However, be mindful of not violating the terms of this study permit which can lead to loss of student status and permission to work in the future.  6. Job Opportunities Canada provides a Post Graduate Work Permit (PGWP) to its international students which allows them to work for up to 3 years after the completion of their course. However, a PGWP is issued only if you have graduated from a Designated Learning Institute. Also not all Designated Learning Institutes and programs of study make you eligible for PGWP. There are several other criteria you need to fulfill. Go through them carefully then make an informed decision.  Several immigration policies also allow students to apply for permanent residency and work while they study.  FAQs How much does it cost to study in Canada? The cost of studying in Canada depends on your chosen institution, your type of education/ course, as well as your living expenses. However, the cost would be approximately CAD 36,000 (INR 22,00,000) a year for international undergraduate students and CAD 21,100 (INR 13,04,434) a year for international graduate students.  Is it safe for female students to study in Canada? According to the Canadian Bureau of International Education (CBIE) annual international student survey of 2021, 79.2% of respondents consider Canada to be a safe and stable country. Plus, the on-campus 24-hour security measure allows you to be tension-free regarding the safety of your child. So, yes it is safe for girl students.  Which are the best places to study in Canada? Montreal, Toronto, Vancouver, Ontario, and Quebec City are some of the best places to study and work in Canada. These places also offer several part-time job opportunities for international students.   What is a Letter of Intent (LOI) and do I need to submit it to study in Canada? A Letter of Intent is a document that states your reasons for studying in Canada, your professional and academic goals, and your past qualifications in your home country.  Yes, you need to submit the LOI to acquire a study permit in Canada.  Can students work while studying in Canada? Yes, the study permit in Canada allows you to work for 20 hours/ week. You have to be careful not to violate the terms of the study permit.  One of the main reasons students like to study in Canada is the high quality of education. Many Canadian universities offer cutting-edge innovative exploration and new technologies. Canadian universities typically hold the highest international rankings and offer amazing placements and a chance to live in the world’s most peaceful cities in the world. Hence, considering Canada for your child's higher education is a good choice.

Money-saving tips for housewives are essential for effective budget management. With the right strategies, you can stretch your budget and maximize your resources. In this article, we'll explore various money-saving tips tailored to housewives. Additionally, we'll delve into the benefits of Post Office schemes, providing you with valuable insights on how to make the most of your savings. Discover practical advice to help you achieve financial stability and security.  Money Saving Tips for Housewives  Managing household finances effectively is a crucial task for any housewife. Whether you're a stay-at-home mom or managing the home front alongside your career, finding ways to save money can greatly benefit your family's financial stability. Here are some valuable money-saving tips tailored specifically for housewives: 1. Create a Household Budget  Start by putting together a thorough budget that lists all of your monthly revenue and outgoing costs. Sort your spending into categories to find places where you might make savings. Having a clear budget allows you to track your money and allocate resources more efficiently.  2. Plan Your Meals  Meal planning not only helps you provide nutritious meals for your family but also saves you money by reducing impulse grocery purchases and food waste. Create a weekly meal plan and make a shopping list to stick to when you visit the supermarket.  3. Buy in Bulk  Consider purchasing non-perishable items and household essentials in bulk to take advantage of discounts and reduce the frequency of shopping trips. Just be sure to check expiration dates and storage requirements.  4. Embrace DIY  Learning basic home repair and maintenance skills can save you substantial amounts of money over time. From fixing leaky faucets to sewing minor clothing repairs, these DIY skills can reduce the need for costly professional services.  5. Explore Second-Hand Shopping  Thrift stores, consignment shops, and online marketplaces offer a treasure trove of gently used items at a fraction of the cost of new ones. Consider buying second-hand clothing, furniture, and appliances to save on expenses.  6. Cut Down on Energy Usage  Establish energy-saving practices, including utilizing energy-efficient appliances, shutting off lights when not in use, and properly insulating your home. Lowering your energy bills not only saves money but also benefits the environment.  7. Comparison Shop  Before making any major purchases, research and compare prices from multiple retailers or online stores. Take advantage of sales, discounts, and cashback offers to secure the best deals.  8. Save on Transportation  Opt for carpooling, public transportation, or biking whenever possible to reduce fuel and maintenance costs. Properly maintaining your vehicle can also extend its lifespan and minimize repair expenses.  9. Create an Emergency Fund  Setting aside a section of your savings for emergencies could prevent you from going into debt when unexpected expenses arise, such as medical bills or home repairs.  10. Utilise Post Office Savings Schemes  Explore the various savings and investment options offered by the Post Office. These schemes, designed for individuals seeking safe and reliable investment avenues, can help your money grow over time.  By implementing these money-saving tips, housewives can contribute to their family's financial well-being while managing the household with confidence and efficiency. Remember that small changes in your spending habits can lead to significant savings over time, ultimately providing greater financial security for you and your loved ones.  Parenting Tips for Child Education Read More Post Office Savings Schemes: A Financial Lifeline for Housewives Housewives play a pivotal role in managing the household, often juggling a multitude of responsibilities. Amidst busy life, financial stability remains a critical concern. Fortunately, Post Office Savings Schemes provide a reliable and secure avenue for housewives to grow their savings and secure their family's future.  Understanding Post Office Savings Schemes  Post Office Savings Schemes are government-backed financial instruments offered by the Indian Postal Service, catering to the diverse financial needs of individuals, including housewives. These schemes are renowned for their safety, attractive interest rates, and accessibility, making them an excellent choice for those seeking to build wealth.  Popular Post Office Savings Schemes for Housewives  Post Office Savings Account: This is the most straightforward and accessible savings option. Housewives can open a Post Office Savings Account with a minimum deposit and benefit from competitive interest rates.  Public Provident Fund (PPF): It is a long-term investment scheme that offers tax benefits. Housewives can contribute regularly and build a substantial corpus over time.  Senior Citizens Savings Scheme (SCSS): While not exclusive to seniors, this scheme provides a higher interest rate and regular payouts, making it a suitable option for those seeking steady income.  Monthly Income Scheme (MIS): MIS offers a fixed monthly income, making it ideal for housewives looking for a regular source of funds to meet household expenses.  Sukanya Samriddhi Yojana (SSY): SSY is tailored for the girl child's future, allowing housewives to invest on behalf of their daughters and secure their education and marriage expenses.  Benefits of Post Office Savings Schemes for Housewives  Safety: These schemes are backed by the government, offering a high level of security for your investments.  Attractive Interest Rates: Post Office Savings Schemes typically offer competitive interest rates, ensuring your money grows steadily.  Flexibility: With a range of schemes to choose from, housewives can select the one that aligns best with their financial goals and risk tolerance.  Accessibility: Post Offices are widespread in India, making it easy for housewives to access these schemes, even in rural areas.  Tax Benefits: Some schemes, like the PPF, offer tax benefits under Section 80C of the Income Tax Act, helping housewives reduce their tax liabilities.  Tips for Housewives Using Post Office Savings Schemes  Set clear financial goals to determine which scheme suits your needs.  Regularly contribute to your chosen scheme to maximize returns.  Keep track of maturity dates to make informed decisions about reinvesting or withdrawing funds.  Consider diversifying your investments by combining multiple Post Office Savings Schemes to meet various financial objectives.  In conclusion, Post Office Savings Schemes are a financial boon for housewives, offering a safe and reliable way to save and invest their hard-earned money. By leveraging these schemes wisely, housewives can secure their family's financial future and enjoy peace of mind amid their myriad responsibilities.  Create Goals for Child Education Money Saving Tips for Indian Housewives  Managing finances can be a challenging task for Indian housewives, who often juggle multiple responsibilities while ensuring their family's well-being. Here are some unique money-saving tips tailored to the Indian context that can help housewives make the most of their resources:  1. Embrace Traditional Cooking Methods  Indian cuisine is rich and diverse, but it can also be expensive if you rely heavily on processed foods. Embrace traditional cooking methods like grinding spices at home, making your own yogurt, and preparing snacks from scratch. Not only will this save money, but it can also lead to healthier meals.  2. Practice Sustainable Living  Incorporate eco-friendly practices into your daily life. Reduce water wastage, segregate and recycle waste, and explore ways to reduce electricity consumption. Sustainable living not only benefits the environment but also lowers utility bills.  3. Grow Your Own Herbs and Vegetables  If you have some outdoor space or even a few pots and containers, consider growing your own herbs and vegetables. This not only reduces grocery expenses but also ensures fresh, chemical-free produce for your family.  4. Buy Seasonal and Local  Opt for seasonal fruits and vegetables, which are not only fresher but also more affordable. Additionally, support local farmers and markets to save money and promote sustainable agriculture.  5. Learn Basic Home Repairs  Basic home repair skills can save you a significant amount of money in the long run. From fixing leaky faucets to minor electrical repairs, knowing how to handle common household issues can prevent costly service calls.  6. Explore Government Schemes  India offers various government schemes aimed at supporting women, including housewives. Investigate programs related to financial assistance, skill development, and entrepreneurial opportunities that can boost your family's income.  7. Practice Mindful Shopping  Before making purchases, ask yourself whether you truly need the item. Avoid impulsive shopping and take advantage of sales and discounts. Additionally, consider shopping online, where you can often find better deals and cashback offers.  8. Invest Wisely  While saving is essential, consider investing your savings in financial instruments like fixed deposits, mutual funds, or government savings schemes to grow your wealth over time. To make wise selections, seek the advice of a financial expert.  9. Share Resources with Neighbours  Forming a cooperative or sharing resources with neighbors, such as carpooling for school runs or buying groceries in bulk, can lead to significant cost savings for everyone involved.  10. Teach Financial Literacy  Teach your family members about financial literacy, especially the younger members. Instil the value of money, budgeting, and saving from an early age to ensure responsible financial habits in the future.  Incorporating these unique money-saving tips into your daily life can help Indian housewives navigate their financial responsibilities more effectively. By being resourceful and adopting sustainable practices, you can contribute to your family's financial well-being and long-term prosperity.  Talk To An Expert FAQs What is the 30-day rule? The 30-day rule is a budgeting strategy that involves waiting for 30 days (about 4 and a half weeks) before making a non-essential purchase. If after a month you still want or need the item, you can buy it. This rule helps prevent impulse buying and allows for more thoughtful spending decisions. What is the 50-30-20 rule? The 50-30-20 rule is a popular budgeting guideline. It suggests allocating 50% of your income to necessities (like housing and utilities), 30% to discretionary spending (like entertainment), and 20% to savings or debt repayment. It provides a simple framework for managing your finances effectively. What is the 90-day rule? In finance, the 90-day rule refers to a strategy used in budgeting and financial planning. It involves evaluating your financial decisions and commitments over a 90-day period before making significant investments or purchases. This timeframe allows individuals to assess their cash flow, expenses, and potential financial risks more comprehensively. By adopting the 90-day rule, one can make more informed and deliberate financial choices, ultimately leading to better fiscal stability and reduced impulsive spending.

Education inflation, just like rising prices in daily life, is quietly reshaping our future. Education inflation talks about the rise of education costs like tuition fees as well as secondary costs like transport, books, accommodation, and living expenses. The overall cost of attendance for any school or college has drastically increased by 10% over the years.   It's a financial challenge we can't afford to ignore. Let's go through this article and get to know about education inflation in-depth, how it affects Indian parents and how can you deal with it. Education Inflation: What is it?  Education inflation refers to the steady and consistent increase in the cost of education over time. Like general inflation, where the prices of goods and services rise, education inflation specifically pertains to rising expenses related to schooling, college, and educational services. This includes tuition fees, textbooks, school supplies, and other educational expenses. Education inflation can put a strain on students and their families, making it increasingly challenging to afford a quality education. https://www.youtube.com/watch?v=jjXF-KC9iWI Understanding Education Inflation with Examples   Education inflation is when the cost of going to school or college keeps going up over time. It's like when the price of your favorite snacks or toys increases, but in this case, it's about the price of education. Here, we'll explore why school and college fees are getting more expensive and why this trend is likely to continue.  Examples of Increasing Fees  1. School Tuition Fees  In India, school tuition fees have been steadily rising due to education inflation. Private schools have seen significant fee hikes. For instance, a prominent private school in Mumbai raised its annual tuition fee from INR 1 lakh to INR 1.5 lakh within just a few years.  2. College Tuition Fees  College fees have also been affected. Many Indian universities have increased their fees to cope with rising costs. A prominent engineering college in Delhi raised its annual tuition fee for undergraduate programs from INR 50,000 to INR 80,000 in just three years.  Start Investing in Mutual Funds The Future of Rising Fees  As education inflation continues, it's likely that school and college fees will continue to increase. The demand for quality education remains high, and institutions must invest in resources to meet these demands. Moreover, with the ongoing impact of inflation on the economy, institutions may need to raise fees to maintain their financial stability.  Why Education Inflation is Rising? Read More Why Education inflation will continue?  Education inflation is likely to persist for several reasons:  1. Growing Population: As India's population continues to rise, more students will seek admission to schools and colleges, increasing demand.  2. Advancements in Learning Tools: As technology keeps evolving, schools and colleges will need to invest in newer tools and resources to stay competitive, which can lead to higher fees.  3. Economic Pressures: With the ever-changing economic landscape, schools and colleges might raise fees to cope with inflation and maintain quality. Impact of Education Inflation Read More Factors driving Education Inflation  There are a lot of factors which are responsible for the education inflation rate in India:  1. Increased Demand for Education: As more and more people want to get an education, like going to college or sending their kids to school, the demand goes up. This means colleges and schools can charge higher fees because they know many people are willing to pay for it.  2. Economic Inflation: General inflation in the economy makes everything more expensive, including education. When the prices of goods and services rise, schools and colleges often adjust their fees to keep up with the higher cost of living Addressing Education Inflation with EduFund's Products  Education inflation is a growing concern, and finding ways to manage the rising costs of education is crucial. EduFund offers a range of products and services designed to help students and families address this challenge effectively. Here's how EduFund's products can contribute to tackling education inflation:  1. EduFund Savings Plans: EduFund provides savings plans tailored to educational goals. These plans allow families to set aside money specifically for education expenses, helping to mitigate the financial burden of rising tuition fees. By starting early and saving consistently, families can accumulate funds to cover future educational costs.  2. Scholarship and Financial Aid Services: EduFund offers guidance and support in finding scholarships and financial aid opportunities. Scholarships can significantly reduce the overall cost of education, making it more affordable for students. EduFund helps students identify and apply for scholarships that match their qualifications and interests.  3. Education Loan Assistance: For students who require loans to finance their education, EduFund offers assistance in navigating the loan application process. They can provide information on different loan options, interest rates, and repayment plans, helping students make informed decisions about borrowing.  4. Investment Strategies: EduFund provides investment advice and strategies to help families grow their educational savings over time. Through careful investment planning, families can potentially earn returns that outpace the rate of education inflation, ensuring their savings keep up with rising costs.  5. Financial Planning Workshops: EduFund conducts workshops and educational sessions on financial planning for education. These workshops equip students and parents with the knowledge and tools to make sound financial decisions, manage education expenses, and avoid unnecessary debt.  6. Personalized Education Funding Solutions: EduFund understands that every student's situation is unique. They offer personalized solutions that take into account a student's academic goals, financial circumstances, and aspirations. This tailored approach ensures that families can address education inflation effectively while meeting their individual needs.  Conclusion Education inflation is a pressing issue that demands our attention. To combat this challenge, consider proactive steps like saving and investing wisely. One such solution is EduFund, which helps you secure your educational future. Start planning today to ensure that quality education remains accessible for generations to come. 

I am a father and I want to save for my child's gadgets. How do I start? We have an easy solution for it! Electronics have evolved into a vital component of our day-to-day lives. It's crucial to teach your kids how to use technology responsibly in today's digitally driven world and to develop the knowledge and behaviors that will help them succeed as digital citizens. The latest gadgets for youngsters are rarely inexpensive and often appear out of reach. Are you looking for methods to save money on your child's gadgets? This article will assist you in planning your desired gadget without trying to empty your bank account. Follow these simple recommendations to keep your child's new tech costs low. Ways to save for child's gadgets 1. Start a SIP  Start a SIP plan to meet your short-term and medium-term goals. SIP allows an investor to invest a certain amount of money in a mutual fund scheme at predetermined intervals. SIP allows you to acquire units on a set date each month in order to create a savings strategy for yourself. EduFund assists parents in budgeting for electronic gadget purchases. It has a separate section dedicated to saving children’s electronic gadgets. The app also shows you different gadget options and provides you with savings plans to start saving for the gadgets on the app.  Electronic device prices have been skyrocketing, and with the Covid-19 outbreak, electronic prices are rising even further. EduFund addresses the financial needs of parents since electronic gadgets have become essential for children’s education in today's society. Start SIP with EduFund 2. Do your research Before actually buying electronic gadgets, it is essential to research. It is a good practice to look around at wide varieties and brands. Examine both offline and online retailers to gain a comprehensive analysis.  If you wait until your old equipment cracks, you'll feel compelled to purchase a brand-new one without looking around or looking for a good deal. When you browse online, you can instantly comprehend the pricing and position yourself for a good deal when it arises. Track the progress of the valuations of the gadgets you want to buy to save money on electronics. 3. Return old gadgets The need for reconditioned technology has increased exponentially in recent years. In addition to global supply chain disruptions, customers have been convinced to buy used technology owing to price considerations, environmental considerations, and the accessibility of lifetime management solutions. While purchasing new gadgets, parents should look to return their old gadgets and concentrate on a buyback offer. They can exchange old products with the purchase of new products. Useful Gadgets for Students Read More 4. Request a price match or a discount Many retailers meet their competitors' electronics market prices on the same product. If you're loyal to a favorite retailer, find out if they can fit the competition's offer. You can also participate in a membership program that will earn you points or discounted rates once you connect.  If the seller fits a competitor's offer, you could use that membership program to get electronics at a cheaper rate. If you can't obtain a comparable object for a reduced price, it Is better to negotiate.  Most traditional retailers might not provide the same benefit; however, they might be more willing to cooperate with you to make a deal and discuss electronic purchases. 5. Warranties aren't worth it Numerous parents fear their child's new phone will end up in a pool of water or, even worse. Purchase extended warranties for their electronic gadgets. Read the fine print to avoid paying extra for something you don't need - or paying large amounts for a product that doesn't even protect against water damage.  A void warranty is a waste of money and certainly cause for concern. Choose a standard complimentary warranty over an extended warranty. The advantages of gadget use Children of all ages can benefit from technology, which offers tools that encourage learning via play, let them express their creativity, and keep them socially linked. For kids under the age of five, it serves as stimulation. It can be applied to speech as well as to encourage learning. The young ones' visual representation may help them develop their senses. The use of technology to play games fosters cognitive development and analytical abilities. This encourages the child to think more creatively, strategically, and generally to be more productive. Tech-savvy children will also be more equipped for a workforce that will be largely digital. A few fundamental parenting principles will assist you in establishing ground rules and preserving technological harmony at home. Conclusion Students nowadays rely heavily on technology. These devices are critical for children as they are required to boost their learning abilities and knowledge. Nowadays, independent learning is supported since children can study without the aid of teachers. Students use the internet for research and online libraries to complete their homework. As a result, technological devices have become unavoidable in the current world. FAQs Is it good to give gadgets to children? Yes, some gadgets are good for your children. However, you should have a time limit on how long they can use the gadgets in a day. Too much usage can affect your kid's attention span and even strain their eyes. How to save for your kid's gadgets? The best way to save for your child's gadgets is to start a goal and a SIP for it. Rather than buying or taking an EMI, you can start a SIP and save for the amount. You can do all this on the EduFund App. It helps you save for your kid's education expenses like buying a phone or a laptop. How can gadgets help children? Some gadgets are known for helping kids with motor skills, learning languages, and even sharpening their spatial knowledge.

Introduction The Fulbright scholarship for US education is one of the most prestigious awards offered by the US Department of state. The fully-funded merit-based program is administered by the Fulbright Commission along with the US embassies all over the global arena. The Fulbright Scholarship helps deserving students to continue with their academic endeavors. It is a brilliant way of promoting cross-cultural understanding and international collaboration because the scholarship is meant for both US students and international students. Fulbright scholarship program The Fulbright scholarship for US education is a fully-funded scholar program that includes two different scholarships. The first is for US students who want to travel abroad, and the other is meant for international students who want to travel to the US for further studies. Students who already have an undergraduate degree can apply for this scholarship program which covers funding for graduate studies, Ph.D. programs, Master’s degrees, or scholarly research. The program is for almost all fields of study like STEM fields, social sciences, business, agriculture, humanities, performing arts, etc. The Fulbright US student program is offered to 2,200 US students who want to travel to one of the 160 countries where the program is operational and 4,000 international students who want to travel to the US for higher studies. Important facts about the Fulbright scholarship program for US Education The Fulbright scholarship for US education is for an academic year only. Whether it is for the US academic year, which lasts from August to May, or the academic year of the host country depends on the course study. It is possible to extend the period to one more year only if the host country’s Fulbright Commission deems it necessary. The application form is available on the Fulbright Scholarship website, where the candidate has to select their country and fill it up with the necessary documents. The grant is fully funded, which helps students to lead a comfortable life without the worry of funds for the fee structure. The purpose of the grant is to support both US and international students who are interested in further studies but are unable to do so because of a lack of funds. The internationally acclaimed award encourages cultural exchange and cooperation between students of different countries. Additional read: Rhodes scholarship program Eligibility criteria for entering the Fulbright Scholarship Program The eligibility criteria for the Fulbright scholarship for US education include Applicants should be a citizen of the United States at the time of application, whereas international students entering the US must also be a citizen of their home country. Candidates who have served in the armed forces of the United States are given preference if their qualifications match the requirements and are equivalent to the qualifications of the rest of the candidates. Students in the US should have their bachelor’s degree, and international students should have an equivalent degree by the time they leave their place for further studies. Candidates must show proficiency to complete their study course or project. They must have experience in community service. Foreign applicants must not have any other degree in the US before they submit their application. Employer's endorsement is necessary for working candidates. Applicants have to be willing enough to represent their culture and serve as noble citizens of their country. Members and staff of the scholarship board, along with their immediate families, are not eligible for the Fulbright Scholarship Program. Is the Fulbright Scholarship program enough to meet the needs of your child’s US education? The Fulbright Scholarship Program is funded by the US Congress through an annual appropriation to the US Department of State’s Bureau of Educational and Cultural Affairs. It is also supported by host institutions, participating governments, various corporations, and different foundations from all over the world.  The Fulbright Scholarship grant includes Coverage of full tuition fees  Provides the required textbooks to the students Accommodation Two tickets from and to the country of study J-1 exchange visitor visa Monthly maintenance or living stipend Health insurance Settling-in-allowance Research materials and enrichment activities (optional) Computer (optional) Even though a Fulbright grant is a fully-funded program, it might not cover all the associated costs of studying abroad.  It is important to plan and save money for a study-abroad experience. The Edufund app helps Indian parents in the process of planning, saving, and managing money for their child’s education, be it abroad or in India.  FAQsWho is eligible for the Fulbright Program?   Eligibility criteria for the Fulbright Program can vary by country and program type. In general, applicants should be citizens or nationals of the participating country, hold at least a bachelor's degree, and have proficiency in English. Specific eligibility requirements will be available on the Fulbright Program website for each country.  What is the Fulbright scholarship?   The Fulbright scholarship is a prestigious international exchange program sponsored by the U.S. government. It provides opportunities for students, scholars, and professionals from various countries to study, conduct research, or teach in the United States and for Americans to do the same abroad. The initiative fosters intercultural dialogue and mutual understanding.  What is the Fulbright Program about?   The Fulbright Program is about fostering international cooperation and understanding through educational and cultural exchange. It offers a wide range of scholarships and grants to individuals from diverse backgrounds and fields, allowing them to engage in academic and cultural experiences abroad. The program emphasises promoting global peace and collaboration.  What is Fulbright Scholarship India? Fulbright Scholarship India refers to the Fulbright Program's opportunities and initiatives specifically tailored for Indian citizens. Indian participants can apply for various Fulbright scholarships, fellowships, and grants to pursue academic and professional experiences in the United States, such as research, teaching, or advanced study in their respective fields. These opportunities aim to strengthen ties between India and the U.S. through educational exchange.  Conclusion The Fulbright scholarship for US education is an educational exchange international program to build long-lasting connections between the US and other countries. The flagship program is one of the most effective ways of making dreams come true, enhancing learning, gaining diverse experiences, and unlocking innumerable opportunities for career growth. TALK TO AN EXPERT

According to an Indian Government survey, 44% of Indian students wish to move to the USA for higher education. Good quality of education, better job opportunities, and a healthy lifestyle are some reasons behind this demand.   However, there are many obstacles like high costs, limited seats, and intense competition. Let's look at 5 reasons why your child could miss their American dream! 5 reasons why your child could miss their American dream! 1. Lack of funds and savings Lack of funds is the top reason why your child could miss their American dream. The United States of America is home to some of the costliest universities in the whole world. Some of them are the University of Chicago, the University of Pennsylvania, Tufts University, Harvey Mudd College, and so on. The tuition fees of universities in the USA depend on which course you are pursuing. If you are pursuing an undergraduate degree in engineering, it will cost you around $40,000 to $80,000 per year (Rs 31,79,800 to Rs 63,59,600). Similarly, if you go for a medical or law degree, it will cost somewhere around Rs 1,98,73,500 if you go for a public institution and Rs 2,62,33,185 if you go for a private institution. Your child can apply for scholarship programs in the universities. If you feel that the cost is going beyond your budget, you can apply for a loan from a bank. Another solution is to start investing in long-term instruments like mutual funds if you have a time horizon of 8-10 years. You speak to a financial expert if you are looking at a shorter duration. Invest in the US Market 2. Not meeting the Eligibility Criteria  Another reason why your child could miss their American dream is eligibility criteria. To get admission to the respective university, you need to fulfill all their requirements. It is essential to understand the eligibility criterion so that your child might not face any problems later.   For example, if your child wants to get admission to Harvey Mudd College, then he or she needs to present a coalition application, school report, counselor recommendation, official high school transcript, and appropriate funds to cover the fees and cost of living. All the documents should be presented properly and your child should meet all their requirements.  3. Incomplete university applications   Application is one of the most important parts of the complete procedure. During this process, you should make sure that all your documents are ready beforehand and that your application form has no errors. The application form goes through a verification process in which every detail that you have filled in is checked. If the management of the university you are applying to finds out that the information you have provided is wrong, they might reject your child’s application.   Let’s take the example of the Massachusetts Institute of Technology. If you are applying to this university, you will have to fill out an online application which costs $75. They require you to present your past grade scores, coursework, competitive scores, and so on. Furthermore, they also expect you to take up competitive tests like SAT, PTE, TOEFL, and IELTS depending on the course you want to pursue.  USA University Fee Structure Read More 4. Not getting a US visa on time It is extremely important to get a USA student visa if you are going for higher education in the USA. Before you get a visa, a recognized university in the USA needs to accept your application which is certified by the student exchange and visitor program. Once your application gets accepted by the server, you will receive a form I-20 or DS-2019 which you will have to fill out accurately. The process can take weeks and the US visa office may require a set of documents that you need to provide to get the stamp. 5. Currency conversion rates   The rising cost of education is one of the major factors that can affect your child’s American dream. The inflation in education in the USA has been on the rise. According to EducationData.org, the inflation in higher education in the USA is 8% more than the annual retail inflation. The general living cost in the US is more than in India.   Furthermore, most of the parents make money in Indian Rupees rather than Dollars. The currency conversion rate provides 1 USD for every Rs 80. The currency rates alone can make US education far more costly for Indian parents.  These 5 reasons why your child could miss their American Dream should not stop you! Saving in dollars and preparing your child academically to impress the admissions committee – are two ways to support their dreams! Connect with our financial and education experts to turn this dream into a reality. FAQs How much does it cost to study in America? The USA is considered one of the most expensive destinations for studying abroad. : On average, public universities charge an annual tuition fee ranging from $8,000 to $35,000. Private universities in the USA charge between $25,000 to $55,000. The costs differ based on duration, university, and course. Is the USA cheap to study? No, the USA is not a cheap place to study. The costs can go up to Rs. 50 to 60 lakhs for many courses in the country. Is the USA good for Indian students? The USA is great for Indian students and the most preferred destination for Indians. It offers a wealth of opportunities to grow and make a successful career.

Planning to teach kids about taxes? Then this blog is for you. Taxes are an integral part of human lives and every person must be aware of how to manage them from an early age. Children can understand financial concepts quite early in life and most of their monetary habits are also developed during these times. Every person on earth knows that taxes are inevitable and you cannot escape from them. So why not take a progressive step forward and understand how to teach your kids about taxes as it will prove beneficial for them in the long run? 6 basic ways to teach kids about taxes 1. Start the lessons from home The first step in how to teach kids about taxes is becoming their teacher at home and giving them lessons relevant to taxes. Some children are aware that we pay taxes, but the majority are unaware of the fact. Remember, it is the basic responsibility of every parent to make their kids aware of all the things that are relevant in their lives. Personal finance and taxes are important topics of discussion as kids should know how and why a portion of their earnings is given to the government and how it uses the said money for the welfare of its citizens. Start Investing in TAX Saving Mutual Funds 2. Start from the basics Explain the basic concepts of taxes; for example, what are taxes, and why are taxes levied on earnings? If your child has grown up, you can also discuss the various types of taxes levied by the government and related topics like income tax, property tax, sales tax, capital gains, deductions, and tax credits. Inform the kids about why taxes are important and how levying taxes helps the community on the whole. Tax Benefits on Child Education Fees Read More 3. Make it as real as possible  Make it as real as possible with the help of real-life examples because children learn more quickly when they have live demonstrations in front of them. Parents should apply the basic concept of taxes in everyday life to make the kids understand. For example, when you take your kids shopping, show them the price tag of a commodity and the price that is shown on the bill. Explain that the difference is the tax that every person has to pay the government. Familiarise your child with deductions and tax paperwork and how it impacts the total individual income. Making it real will help the child get a better grasp of the concept. https://www.youtube.com/shorts/p2Bj4VgVHgQ Source: EduFund 4. Explain why we pay taxes Teaching the kids about taxes from an early age gives them a solid foundation in the concept of finances and how to tackle the various types of taxes later on in life. Explain to them who pays the taxes and why they have to pay them. Point out the essential infrastructure that is maintained with the help of the taxes that the government levies on its citizens. Examples include parks, schools, hospitals, roads, post offices, etc. Make sure to use simple words and common examples to explain why we pay taxes so that the kids can understand the concept of taxes and the reasons behind why we pay them. Learn about Taxation in Mutual Funds Read More 5. Make it a fun game Sometimes the best way to learn about a topic is by making it into a fun activity. Parents can take the help of a simple piggy bank to explain their point. Make it a fun game as games are effective learning tools that kids can easily relate to. Whenever you pay your child’s weekly/ monthly allowance ask them to pay specific funds on allowance and expenses as tax. For instance, the child is given INR 2000 as a monthly allowance, then levy 1% tax on their total allowance. This will amount to INR 20. Ask them to deposit it in the piggy bank. Next, whenever they make an expense that is higher than INR 200, ask them to deposit INR 5 as tax.  This is a simple method that can help the kids to grasp the concept of taxes more easily. By now you must have gained a basic understanding of how to teach your kids about taxes. Take all the related points into consideration and start talking about taxes, personal finance, and how taxes impact human lives with your kids to create an engaging environment. https://www.youtube.com/shorts/wzl2t-Czh8o Source: EduFund FAQs What is a tax? A tax is a fee paid by citizens to the government that helps fund public goods and services. Why should you teach kids about taxes? Taxes are a big part of our lives. We pay taxes on the food we eat, the services we use, and the money we make. By explaining why we as citizens are responsible for paying taxes to the kids will help them become more informed and aware of the financial responsibility of every individual. It is also a good practice to help teach kids the value of money. What is the best way to teach kids about taxes? Use everyday examples to help your kids understand taxes. The income tax you pay, the toll tax on the roads, the GST on everyday items, and much more. This is a simple start to explain why we pay taxes and helps children understand the importance of money.

How do education inflation and rupee decline affect the cost of studying in the USA? After remaining low during the first & second waves of the pandemic, education inflation is now emerging drastically.  According to the Ministry of Statistics and Programme Implementation, the rate of education inflation in India was approximately 0.63 percent until April 2021. In May 2021, it increased to 1 percent. But in 2022, the rate has increased to 4.12 percent! On the other side, the rupee depreciation continues to affect overseas education, from everyday items becoming pricer to skyrocketing tuition fees. How education inflation and rupee decline is affecting USA academic costs? According to reports, the rupee hit 79 against dollars. This means, that the rupee currency is falling, while the dollar is increasing. The fall in the currency can be a result of certain parameters, including: Emerging crude oil prices Higher current account deficit The rising educational cost cannot solely be attributed to higher tuition fees. Different parameters affect the overall academic expense in the USA. Some are: Accommodation cost: Students stay in hostels or pay guests. Nearly 50% stated that their living costs have increased around 1.5 times. Food expenses: Increased food prices lead to a higher budget on daily products a student spends each day. Because of the increased prices of travel expenses, food, and beverages, students abroad need to deal with expensive educational costs. Important factors that affect the educational expense in the USA Administration expenses Technological updates by academic institutions Transportation charges become another factor In short, the depreciating Indian rupee against US dollars directly impacts a student’s education. Learners who plan for higher education overseas in the US will bear the brunt of the sharp depreciation of rupees against US dollars.   They must determine the exchange rate fluctuations and plan their finances accordingly. Nonetheless, the ongoing rupee-dollar exchange rates shouldn't influence a scholar's dream of studying abroad. So, they must plan & evaluate the alternatives too. Outlining the impact: cost of living & tuition costs Tuition & living costs are two crucial elements that affect a scholar's overall expenditures while studying in the USA. In today's age, the rupee is losing streak, leading to higher cost of living and fees. So, an Indian scholar who had paid 65 rupees per dollar in 2017 has to pay 78.20 rupees for every dollar in 2022. How should parents support a child to overcome this situation? Managing the situation is the only step left for students who wish to study abroad. Aspirants and their parents set aside a value of the corpus for foreign education after factoring in the initial requirements. The calculation evaluates the total loan amount. Pupils who don't determine the charges of native currency fluctuation against the destination's currency may face difficulties in the future. The INR's depreciation against dollars impacts the burden of studying in the USA. Exchange rate fluctuations send financial planning downhill. And it adds to the overall financial stress. Parents who fund educational expenses can save in US stocks. On this note, the EduFund app comes in handy. The app is India’s first investment advisory application that focuses on higher education. It allows you to invest in the SIP mutual funds & build a more prosperous future for a child. Alternatively, loan schemes are also important for scholars. Students who manage their own finances may choose financial loans to cover tuition fees and their cost of living. They can also invest in secured education loans tied to the collateral's value or education expenses. They cover full tuition fees as determined by the university and the living cost. In addition, students can also apply for a second education loan when they have an existing loan. But in that case, additional funds are required to finance their overseas education.  Another striking way to escape the fluctuations is by getting a scholarship. Scholarships are a blessing in disguise for deserving candidates.  FAQsHow does inflation affect the education system?  Inflation can impact the education system by driving up the cost of tuition, textbooks, and other educational expenses. As prices rise, students and families may struggle to afford higher education, potentially limiting access to quality schooling and increasing student loan debt.  Why is education so expensive in the US?  Several factors contribute to the high cost of education in the US, including administrative expenses, faculty salaries, infrastructure, and the availability of federal loans. Additionally, a lack of strong government funding for public universities and the competitive nature of higher education can drive up tuition fees.  What is the inflation rate for higher education in the US? The inflation rate for higher education in the US varies from year to year but tends to exceed the general inflation rate. On average, it has been around 2-3% higher than the overall inflation rate, making college and university costs grow faster than other goods and services.  What is the correlation between inflation and rupee value?  Inflation can have an inverse correlation with the value of a currency like the rupee. When a nation experiences high inflation, the purchasing power of its currency reduces, leading to depreciation. However, other factors, like interest rates and economic stability, also influence currency values.  Conclusion Since the rupee is losing its value against dollars, foreign education becomes more expensive. One's decision to pursue higher education abroad doesn't necessarily have to be influenced by ongoing trends of rupee-dollar exchange rates. Aspiring students and parents must conduct an intensive survey about both countries' economic aspects. In addition, they must also plan to send students for overseas education. These are just some ways education inflation and rupee decline affect the cost of studying in the USA. Consult our professionals today to protect your child’s fine future! Consult an expert advisor to get the right plan TALK TO AN EXPERT

Education inflation directly affects your child’s higher education decisions. From which country to study to what they should study is directly affected by inflation. Education inflation increases the cost of tuition and a host of other educational expenses that are bound to impact your child’s future plans.   Education inflation affects your child’s higher education decisions in a number of ways such as:   1. Location of Study   While many students aspire to study abroad or at top-notch universities, not everyone can afford it. The cost of education across the globe is rising and to attend the world’s best universities, you either need an education fund or take on student loans to pay the fees. Unfortunately, most Indians do not have an education fund and not everyone is entitled to an education loan, thus, students have no choice but to look for cheaper alternatives without compromising on the quality of their education. For instance, a medical degree in India from a private college can cost you up to 1 crore, since most parents cannot pay this expense, they send their children to countries like Russia, Ukraine, Bangladesh, or Nepal to study medicine.   2. Course Preference  Education inflation can affect the child’s higher education decisions like what to study. Your child may be a great artist or cartoonist and aspire to study graphic design and illustration. The cost of studying in a graphic design program can be huge and most parents cannot afford it. Unfortunately, this may push the child to opt for a different course that is cheaper and inexpensive in comparison.   There are certain degrees that can be more expensive to afford and may force students to choose inexpensive alternatives affecting their course preferences as well as future career preferences.   3. Monthly Expenses  Education inflation affects your monthly expenses as well. It not only drives the cost of studying to rise but also affects everyday costs that are linked with education. As a student living abroad or in a different city, there are living costs to consider. Students have to bear the growing cost of rent, food, travel, and other expenses and budget accordingly. There are some cities that are cheaper than others and students must make certain lifestyle decisions in response to the rising education inflation in the world.   Sharing an apartment with your friends, limiting your expenditure, or taking up part-time jobs to cope with daily expenses are some ways education inflation may affect your child’s higher education decisions. Many students even opt for countries that allow longer working hours for students to cope with the expenses and ease the burden on their parents.    Additional read: 5 reasons why your child's college education is at stake 4. Variable Costs   There are many hidden costs of studying that parents do not consider. Buying a new laptop for a course, paying maintenance fees, security deposits or opting for a program to upskill can be some variable costs of studying. These are hidden expenses that all students and parents have to pay and can affect your overall education budget.   5. Career Prospects   Another aspect of higher education is career prospects. Every child has to consider the scope and ROI of their course and whether the college provides any placement assistance. Consider you want to send your child to the UK for their higher education, you need to consider if they can apply for a post-study work visa and make the most of their degree. This gives them a greater ROI on their course and the prospect of working in the country directly impacts their decision to study there in the future.   6. Dropout Rates  The 2020-21 report by Unified District Information System for Education Plus (UDISE+) revealed that the annual dropout rate of secondary school students was 14.6%. Girls are more likely to drop out of school or college due to rising costs than boys. While college is a stepping stone to success, many are not fortunate enough to apply for it or see it through.   These are some ways education inflation can affect your child’s higher education decisions. Many students are forced to change their career plans and even drop out of college to support their families because of the sheer cost of studying. To combat this situation, parents can start saving early on for their child’s college and ensure that the education inflation does not ruin their child’s bright future!  FAQsHow does inflation affect the education system?  Inflation can impact the education system in various ways. It often leads to rising costs for educational institutions, resulting in higher tuition fees and expenses for students. This can make education less accessible and increase the burden of student loans.  What is the inflation rate of child education?  The inflation rate for child education can vary significantly by region and over time. It generally reflects the rising costs of school fees, books, uniforms, and other educational expenses. It's essential to consult local data or financial experts for specific inflation rates in your area.  How to beat education inflation?  To mitigate the effects of education inflation, consider options like:  Saving early and consistently in education-focused accounts.  Exploring scholarships, grants, and financial aid.  Comparing costs between institutions and choosing more affordable options.  Investing in education savings plans that offer tax advantages.  Which country has the highest inflation?  Venezuela had one of the highest inflation rates globally, with hyperinflation causing rapid price increases. However, inflation rates can change rapidly due to economic and political factors, so it's crucial to check the latest data for up-to-date information on countries with the highest inflation rates.  Consult an expert advisor to get the right plan TALK TO AN EXPERT

Market volatility is a hard fact and investors must be aware of ways to protect portfolio funds in a falling market. It is possible to limit loss, lock in profits and provide stability to your investments in adverse conditions with help of viable strategies.  Stock gains are steady over time but declines are often unexpected, freefall, and sudden.  Investors must ensure that their portfolio is well-positioned at all times so that it does not hamper overall growth. Making the right investment decisions is as important as protecting the portfolio fund during turbulent market conditions. 8 ways to protect portfolio fund in falling market An economic meltdown is a fact of the investment market that can wipe out hard-earned returns, savings, and retirement funds in hours. Investors must take appropriate steps early on to safeguard their portfolio fund in a falling market, market crash, or an economic depression through preplanned steps.  Some important ways to protect portfolio fund in a falling market are discussed below- 1. Diversification of portfolio funds Diversification of portfolio funds and spreading your money across different investment categories is one of the surest measures for shielding the portfolio fund in a bear market. Investors often invest in mutual funds, exchange-traded funds, and individual stocks expecting good returns. They must have a proper plan in place to move a good chunk of the investment into safer options at short notices Sometimes, the market fall is sudden and it does not give the investor enough chance to move high-risk funds to safe horizons. Individuals should invest in a wide range of investment schemes with different levels of risk. These include stocks, real estate, precious metals, cash value life insurance, bonds, derivatives, annuities, alternative holdings, cash, etc. Additional read: Questions cosigners should ask before taking an education loan 2. Fine-tune the portfolio funds Reassess the asset allocation to determine whether the current portfolio matches your specific risk tolerance. Do not take on more risks than your capacity as it might trigger panic selling during adverse conditions and result in heavy losses. Investors should always be prepared to face a bear market hence they must fine-tune their funds to create a portfolio mix that will match both financial needs and risk tolerance. 3. Take the help of financial advisors Financial advisors often have a better understanding of the market trends than investors. They go through the available data and related information to make better predictions of both good and bad times in the market.  Use the financial consultants at the EduFund App as an effective tool for knowing about the market and for an ideal fund allocation. The app will help to meet your risk appetite by minimizing the risk profile eloquently. 4. Do not liquidate all the stocks In a falling market, it is easy to panic and liquidate all the stocks. It is a wrong move as doing so will lock the losses and prevent earnings when the market recovers. Maintain a portion of the funds in the stocks even in a falling market to take advantage of the subsequent recovery whenever it occurs.  5. Rebalance and reinvest Stock market returns vary on a yearly basis but in the long term, it tends to offer positive returns. Investors whose risk tolerance is high or who have a long period before retirement have the option of investing heavily in stocks but people close to retirement must consider gradual transferring of funds to short-term or cash bonds with less risk.  Consider risk-based rebalancing through the EduFund App to minimize losses and by reinvesting in mutual funds, REITs ETFs, etc.  6. Consider defensive picks Consider market volatility as an opportunity to buy REITs with stable dividends and strong cash flows. One viable option is the EduFund REIT+ portfolio that includes quality REITs 7. Sell call options Financial advisors recommend selling call options to protect portfolio funds and soften the blow of a falling market.  8. Stay the course Investors must realize that the bull market will always follow the bear market. The falling market is a concern no doubt but the slump will pass. This is not the time for panic selling instead stay the course and stick to your investment plan.  Consider speaking to the wealth advisors on our platform to create a recession-proof strategy that will make your investment portfolio resilient to the upcoming falling market. FAQsHow do I protect my portfolio from a market downturn?   To safeguard your portfolio during a market downturn:  Diversify your investments across different asset classes.  Consider holding defensive stocks, like utilities and consumer staples.  Keep a long-term view and abstain from rash choices.  Utilise stop-loss orders or put options for downside protection.  Investing and your emergency fund should not be combined.  How do you prepare a portfolio for a market crash?   Prepare for a market crash by:  Reducing exposure to high-risk assets before a crash.  Increasing allocation to safer investments, such as bonds or cash.  Ensuring your portfolio is well-diversified.  Continuously monitoring and rebalancing your portfolio.  Having a well-thought-out exit strategy and sticking to it.  What is the safest fund during a market crash?  The safest fund during a market crash is typically a money market fund or a short-term bond fund. These investments are known for stability and liquidity, making them less susceptible to significant value declines during turbulent market periods.  What to do with a falling portfolio?   When your portfolio is falling:  Avoid panic selling; stick to your long-term investment plan.  Reassess your portfolio's asset allocation and risk tolerance.  Consider buying more assets at lower prices (dollar-cost averaging).  Take a look at your investment plan and make any required adjustments.  Seek advice from a financial advisor if you're uncertain about your next steps.  Conclusion Ups and downs are an integral part of markets that investors must be prepared for at all costs. Seasoned investors try to keep strengthening their portfolio fund to make it more robust for an upcoming recession.  In this article, you have come to know about the various ways to protect portfolio funds in a falling market. These are tried and tested strategies that provide ample protection against market volatility so that investors can preserve and protect their investments. Consult an expert advisor to get the right plan TALK TO AN EXPERT