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Parents should be aware of investment tips for higher education in India so that they can plan, invest, and save the required amount accordingly.  Education inflation is high at 10% - 12% a year and is considered one of the biggest outflows for an Indian family. Lifestyle inflation is also high and greatly impacts the decision of a parent to send their child to the best available educational institution. It is at such times that parents need saving tips and investment tips to plan for their child’s higher education expenses and lessen the future financial burden. Important investment tips for meeting higher education expenses Step 1: Get an estimate of the education costs One of the first investment tips for higher education in India is to get an approximate estimate of the educational expenses so that it becomes possible to make financial plans accordingly. The education costs vary from one person to another, and various other factors like the type of course selected by the child, admission in government or private institutions, and admission in India or abroad. A comprehensive assessment and a realistic estimate of the financial needs will help to create a proper financial plan for a healthy future.  Step 2: Prepare for any unexpected expenses Consider unexpected expenses besides the education expenses to meet the unforeseen needs of the child. Pocket money, accommodation costs, travel expenses, food expenses, additional tuition, and reference books are some of the expenses that parents should be prepared for. There could be occasions when parents might need to help their children financially, and it is better to be prepared for such unforeseen circumstances from the beginning.  Step 3: Identify your time frame Determine the number of years you have in hand before you have to spend on your child’s higher education. If you are an early starter, then it is well and good as you will have several years for both short-term and long-term investment plans, but even if you have realized a bit later, then there is no need for concern because there are several investment options just for these types of investors.   Establishing a time horizon and calculating the years you have in hand makes it easier to make investment plans for your child’s higher education.  Start Investing Step 4: Look at savings options Look at the savings options available in the market and choose the best available option based on time horizon, future goals, and risk tolerance. Child insurance plans and child education plans offered by insurance companies are also good options if you are looking for safe havens. In India, government saving schemes like Sukanya Samriddhi Yohana (for girls) are considered good for conservative investors as it offers tax benefits up to INR 1.5 Lakhs under Section 80C of the Income Tax Act.  Smart savings is the need of the hour, and parents have the option of choosing SIP or recurring deposits for easy and hassle-free ways to save for future needs.  Step 5: Identify the investment options Depending upon the target corpus and the rough estimate of the required returns you wish to generate, identify the investment options available to you. The ones considered suitable for a child’s higher education fund are Gold ETFs, term deposits, savings schemes, solution-oriented schemes, and mutual funds.  Investors can choose from equity, debt, and hybrid mutual fund schemes as they are high-return schemes if invested for long-term periods.  Opt for smart investments to secure your money for higher education in India because well-planned asset allocation and regular investments increase the returns at a greater pace.  Step 6: Take the help of a financial advisor Take the help of a financial advisor to save and invest sensibly. The financial advisors on the Edufund App are some of the best in the field if you are interested in creating a safe and secure personalized financial plan. The various tools at their disposal like the college cost calculator are a tremendous help in identifying future costs and making investment plans based on personal requirements.  Step 7: Start now Do not delay, as the more time you waste, the less time you have to create an appropriate education fund and accumulate the necessary amount.  Create a financial strategy now, as planning for a child’s future is more important than any other task. TALK TO AN EXPERT

Although the United States has some of the world's greatest Bachelor's and Master's programs, living expenses there might be rather expensive. In this blog, We'll talk about the living expenses in the USA for international students. Living expenses in the USA for international students Because students from all over the world intend to pursue their higher education in the USA, the cost of living in the country is often expensive for foreign students. However, prices differ according to the place that is picked as well. For instance, the cost of living for students is quite high if the institution is located in a metropolis like New York. On the other hand, the cost of living is significantly lower for institutions that are situated in suburban regions, whether in Ohio or Indiana. Let's further break down the living expenses in the USA for international students below. 1. Accommodation cost  The cost of housing comes next when determining an international student's cost of living in the USA. International students can stay on campus at the majority of American colleges, which is unquestionably the less expensive choice. You might also rent an apartment close to your school. The annual cost of housing ranges from $6000 to $12000 [INR 4.4 to 8.8 Lakhs]. If they reside close to campus, international students might also choose to live in a homestay or with local guardians or relatives to save money. 2. Health insurance cost  The cost of health insurance must be covered. Most institutions offer health insurance to overseas students, while some require them to get their coverage. Student health insurance typically costs between $1500 and $2500 (INR 1.10 to 1.8 Lakhs) annually. 3. Conveyance cost  Depending on where you reside and the distance you go, the monthly cost of travel can range from $40 to $100 (INR 3,000 to 7,500) for international students who rely on public transportation for transportation and travel. 4. Internet costs  International students' lives will be significantly impacted by the Internet and phones. Depending on your connection type and speed, your internet bill will change significantly each month. The cost of internet in the USA varies depending on your area, your household's needs, and the service you pick. Mobile phones are useful, but now international students must budget for the expense of cellular service in the USA. The average phone bill in the USA is currently $60 (INR 4,875) per month. 5. Entertainment cost  Students in the USA engage in social, reading, relaxation, and thought processes, participate in sports, host or attend social events, and engage in arts and crafts as a hobby. One of the finest aspects of studying in the United States is undoubtedly the nightlife. As a student, you can access everything from dance clubs to home parties. In the USA, the average cost of student entertainment is $100 (INR 8,125). We have included some typical suggestions for entertainment in the United States depending on where and how you intend to celebrate. 6. Grocery cost  The food costs also include meals and groceries: The typical person spends $400(INR 32,502)  a month on food. However, in the United States, the price might go to $800(INR 65,004) per month if someone loves dining out every other day. The cost of goods is the same across the mainland; however, the cost of eating out varies depending on the city and the restaurant. In a typical New York restaurant, a dinner for two can cost close to $100(INR 8,125). However, the price in Philadelphia will be around $80(INR 6,500). For students living on campus, meal plans might run about $250 (INR 20,313)  per month. 7. Other essential expenses Other costs, such as those for clothes, books, stationery, and other miscellaneous items, fall under the category of the cost of living in the United States for students. These things' prices differ on the buyer and city. These costs might range from $5000 to $6000 (INR 3.6 to 4.4 Lakhs) per year or higher. How to save for living expenses in the USA for international students?  There are a few short- and long-term strategies that might help you save for your child's further study in the USA. One easy method is to split the sum, which is assumed to be 1 crore, and set away around 40,000 each month, or approximately 4.5 lakh annually for 18 years, and to begin saving when your child is still a little child. Put your money to work by investing it for up to 18 years. If you continue saving for the future, SIPs can provide you with amazing profits in 18 years. The final and most challenging alternative is to apply for and then repay an education loan. Education funding, scholarships, and part-time jobs can help to some extent offset the growing cost of attending school in the USA. Start saving now before it's too late if your child plans to study abroad in the USA for their future studies Consult an expert advisor to get the right plan TALK TO AN EXPERT

Exploring the best way to fund your child’s higher education is a crucial step in planning your child’s future education plans. While getting an education loan is the more popular route in India, many people do not know that you can also get a personal loan for higher education for your child.  Personal loan for higher education for your child  When you think of financing your child’s education, you automatically think of education loans. Education loans are extremely helpful when it comes to funding your child’s education but there can be some obstacles that may stop you from availing of this option. Another equally beneficial option is to avail of a personal loan for education.   Personal loans for education are flexible and collateral-free with a high approval rate. Using a personal loan for higher education for your child allows you to cover multiple expenses. They are flexible and processed immediately so that you have to cover costs like university application fees, accommodation deposits, flight tickets, insurance, and much more.   Popular banks in India like ICICI Bank, Axis Bank, and many more allow parents to take personal loans for higher education purposes. These loans are collateral-free which means you are not required to pledge your property, FD, or other assets to the bank. Instead, these banks evaluate personal loan applications based on your credit history and annual income.   Every bank has a different criterion for processing personal loans. Since these are unsecured and collateral-free the rejection rate may be higher. Maintaining a good credit score and having a clean financial record is a must if you want your application to be approved faster. Benefits of Personal loan for higher education  Personal loans are a quick solution to an immediate cash need. Whether it's buying a new laptop or covering up part of your child’s higher education. Let’s look at some of the benefits of personal loans for higher education:   No collateral: You do not need to attach your property, FD, bond, or other assets for availing of personal loans.   Easy to get: Banks allow clients to get personal loans online and offline. The accessibility of personal loans in India has grown tremendously.  Limited documents: Personal loans do not require many documents for processing.   Flexibility: You can use your personal loan to buy a new laptop for your child or to cover some immediate expenses like a trip.   Builds credit score: Personal loans can help you build a credit score and help you, in the long run, to take big loans for education or your own house.   Fast approval: Some banks approve personal loan applications within the day. That’s how fast the approval cycle for personal loans is in India. Personal loan vs Education loan for higher education  If you are planning your child’s higher education and wondering which is better, then let’s help you compare the two types of loans.  Education Loan Personal Loan Interest Rates Interest rates generally range between 6.85 – 11% Interest rates generally range between 10 – 17% Tax Benefits  Tax benefits on repayment of education loan is possible under Sec 80 E of the Indian Income Tax Act. No tax deduction is available for repayment of personal loans.  Average Loan Amount Rs 50,000 and as high as Rs 1.5 Crores Rs 50,000 to Rs 50 lakhs Moratorium Period 6 -12 months None  Based on the above table, an education loan is a clear winner when it comes to financing higher education for your child. It offers lower interest rates, tax benefits, a greater loan amount, and a moratorium period wherein your child can get a job and start repaying the loan amount with their own income.   However, personal loans can also be a backup plan or an alternative in case you do not have a good education loan. They can help you cover a number of costs, easy to process, and can help you with immediate cashflow needs. How to choose the right personal loan for higher education?  Choosing the right personal loan for higher education requires research and extensive comparison. Check the interest rates and repayment plans of different banks before deciding on a personal loan. Generally, interest rates are higher on personal loans so choose the right personal loan with the lowest interest rate in the market.   You can also connect with an expert to help you choose the right personal loan for your personal needs. They can help you negotiate a better interest rate and help you plan your repayment strategy so that you can save money.   Determine how much money you need to finance your higher education before opting for a personal loan. You can use the College Cost Calculator to find out the tuition fees and living expenses in your college city and figure out how much more money you need in order to be comfortable.   Try to take only 25% as a loan so that you can create a comfortable loan repayment plan. Try to make sure your income can easily help you pay off the loan without any added financial stress.    You can always opt for a personal loan for higher education for your child if you are in need of funds. Do your research, determine which is the best option for you and your child, and then finalize a solid education plan to help build a bright future for your child! Consult an expert advisor to get the right plan TALK TO AN EXPERT

New York is called the City of Dreams which is why so many people want to study in this global metropolis. However, as one might assume, it is not the most affordable area to live in. We realize how scary it might be to go to a new nation as a student for the first time. So we've outlined all of the prices a student can expect to incur while relocating to New York. Learn everything there is to know about the living expenses in New York for students. Cost of living in New York 1. Accommodation  Rent in New York is determined by a variety of factors, including whether your child lives on or off campus. In New York, there are numerous possibilities for residents. Off-campus housing in New York costs roughly ₹3 - 4 lakhs per month. The sum stated is an average and is subject to vary, and it may increase based on your child’s choice of housing. The table below shows the average cost of living on campus at several New York universities. 2. Cleaning services Price ranges from around ₹10,000 - 30,000 depending on the number of bedrooms in the apartment. Alternatively, they can pay around ₹2,500 - 3,000 per cleaning for a minimum of two hours.  3. Groceries Groceries would cost around ₹2.5 - 3 lakhs per month for a single person to meet basic needs. 4. Utilities The essentials for an apartment - electricity, heating, cooling, water, and garbage - will cost between ₹6,000 - ₹20,000. 5. Healthcare and insurance  Health insurance is a significant expense that must be paid. Most institutions offer international students health insurance, while others encourage students to obtain their own. The average annual cost of student health insurance ranges between ₹1.2- 2 lakhs. 6. Health Card To apply, the student has to go to the Residential Affairs Division of their local City or Ward Office. The premium is determined by their age and previous year's wages.  7. Essential benefit plan There is also a strategy in place for low-wage workers and the unemployed. The Essential Benefits Plan (EBP) is the basic minimum of health insurance coverage that all New York citizens are required to have. It offers critical services at a reasonable cost.  8. Transportation Taking public transportation is the most cost-effective and time-efficient way to get around New York. A 30-day metro and local bus pass costs ₹10,400 approx. and permits to travel till midnight. Taxis, on the other hand, begin at about ₹204 for the first km and around ₹132 for each additional kilometer. Vehicle ownership: Due to high insurance and gas taxes, car ownership in New York is slightly more costly than the national average. Without considering an auto loan, a person should expect to pay around ₹1.5 - 2 lakhs each year. They may, however, limit their spending by choosing the type of vehicle they purchase and how they pay for it.  Public Transportation: Most metro rides, as well as local, limited, and Select Bus Service buses, cost ₹225 roughly. An express bus ticket costs about ₹552. Use a MetroCard or OMNY's contactless payment system to pay. 9. Entertainment cost In New York City, the estimated price of entertainment and activities is ₹6,000 - 7,000 per person, per day. This includes admission fees to museums and attractions, day trips, and other tourist expenses.  10. Other expenses  Clothing, books, stationery, and other charges are among the numerous expenses that international students must cover as part of the cost of living in New York. The cost of these items depends greatly on who you ask. These items could cost between ₹4 - 5 lakhs per year or more. Additional read: How much to save for an MBA in the USA Study cost in New York 1. Tuition Fees Different universities in New York have different tuition prices. However, the average cost of attending college in New York is roughly ₹2.5 - 3 crores for international students of Indian origin. To get an accurate estimate of how much it costs to study in New York, try the College Cost Calculator!  Student visa and application cost International students should apply for a student visa after obtaining their admission letters. Once approved by a school recognized by the Student and Exchange Visitor Program, they should enroll with the Student and Exchange Visitor Information System (SEVIS) and deposit the Rs 25,000 - Rs 30,000 registration fee. After that, international students must file for a student visa and pay a fee of ₹10,000 - 15,000. The cost of living is entirely dependent on whether you choose to live on campus or off campus. Now that you know how much it costs to live in New York as a student, you can make an informed decision. If you require any more support with institutions, the application procedure, finances, documentation, or anything else, our team of financial experts is always available. Consult an expert advisor to get the right plan TALK TO AN EXPERT

Do you think education loans are the only way to pay for higher education? Do you think the moratorium period is interest-free or that you can only get an education loan from foreign universities? It’s time to burst the myths about education loans and help you plan for your child’s higher education smartly with all the facts in check! The moratorium period is interest-free  A myth about education loans is that the moratorium period wherein the borrower is not obligated to make payments is interest-free. This is not true; the moratorium period is a time when it is not compulsory for the borrower to start making payments to the bank. The interest accumulated during this period is added to your next installment and not waived.   Banks generally calculate the interest generated during the moratorium period and add it to the principal repayment amount. Most banks offer a moratorium period for education loans. During this time horizon, the borrower must figure out their expenses and work on a financial repayment plan for the loan. Apply for Education Loans Education loans are only for foreign universities  Education loans are offered for Indian and foreign universities. The myth about education loans and lenders is that education loans are only given to students planning to go abroad and for huge amounts like Rs. 50 lakhs or more. This is incorrect, parents who wish to educate their children in India can avail of education loans starting at Rs. 50,000 and more. They have the flexibility to choose their lender and figure out the best interest rate and the most favorable loan requirements for their child’s education.   In fact, most banks allow students to take on a personal loan to take online courses and even online master's programs to upskill and aim for better job opportunities. Yet seeking an education loan for an online degree is not an option at the moment.   Education Loan Process Read More Using savings is better Using savings is better than taking a loan is another misnomer and myth about education loans. While it is ideal to have an education fund that can sponsor your education, it may not be possible for everyone. In fact, 60% of Indian parents regret not saving for their child’s education but that should not stop you.  Neither should you opt for selling assets or borrowing informally, education loans offer flexibility and can be a good alternative for children who are in need of immediate funds from trusted institutions.   Taking an education loan means you won’t have to sell your assets, you will have time to start the repayment process and the stress of paying immediately will be lifted off your shoulders. Taking a loan can also help you in the long run with credit building and other expenses.   Education loan is only for Ivy League Another myth about education loans is that only students going to Ivy League colleges can opt for them. Education loans are given to candidates who have a good application and are applying to a recognized university. You do not have to go for an Ivy League to apply for an education loan, all you need is a good course and a recognized university so that your application can be processed and verified!   Education loans only cover tuition fees  Education loans cover a number of expenses including tuition fees, accommodation, application fees, flights and books, and more. It helps you sponsor your education and not just tuition fees. It gives you the flexibility to decide how you spend your money and how much you need to comfortably settle into your new life as a student.   Applications without collateral are rejected   Applications without collateral are not rejected; in fact, many education loans are collateral-free. Collateral-free means you don’t have to pledge an asset (like land, house, or FDs) to avail of an education loan. Education loans are designed to make education more affordable and accessible for the general public which is why some education loans do not have a collateral clause as well.   You can only finance your education with a loan No! There is ‘n’ a number of ways to finance your education and a loan is just one of them. You can sponsor your education with scholarships, grants, bursaries, and an education fund your parents may have saved up for you. As a parent, you can help your child fund their education through SIP in mutual funds, by investing in US stocks, and by exploring different investment options. An education loan is also a great alternative to help you finance your dream college and career, it helps you with big expenses like tuition fees, accommodation as well and visa applications where you have to show proof of funds in order to fly to a study abroad destination.   You can finance your study abroad or higher education dreams in combination. If you have some savings and lack the rest of the funds then an education loan is the right way forward.   We hope this article helped you break all the myths about education loans! If you are looking for the right education loan for your child then look no further, contact our savings experts to get the best loan at attractive interest rates.  TALK TO AN EXPERT

In the previous article, we learned how to use a SIP calculator to estimate your expected return over a given period with a fixed amount of monthly investment and an expected rate of return. In this article, we will discuss the Step-up SIP calculator.  SIP (Systematic Investment Plan) is a method of investing that requires consistency in investments, even if the amount is small. It focuses on time and needs the compounding cycle not to break.  What is a Growing SIP Calculator (Step-up SIP calculator)?   The SIP investment format has great potential to build wealth for you. However, if you step up your fixed periodical investment amount by some percentage every year, you will generate more returns and have a massive corpus.   Stepping up your SIP is beneficial if you have constant income growth. For example, if you are currently investing Rs 10,000 a month in your SIP, then after one year, you increase your monthly investment amount by 15% and keep on doing this in successive years. This method of increasing your monthly investment is called stepping up your SIP. How does a Growing SIP Calculator (Step-up SIP calculator) help?   A Step-up SIP calculator will give you the future value of your SIP investments which you keep on increasing periodically by a given percentage. This calculator is different from the average SIP calculator in one sense it requires the step-up percentage as an input as well.   To calculate your returns, you have to input the values of your monthly investment amount, the growth percentage of your SIP investment, the expected rate of return, and the tenure of investment. Source: Edufund The step-up calculator is helpful to you as an investor in the following ways Get results about complex investment scenarios with a single click Obtain the estimated potential returns   Compare various SIP options by varying the inputs in the formula   Assists you in making well-informed and calculative decisions regarding your investments Free-of-cost calculation   Easy to use   Benefits of SIP 1. Financial discipline  When you opt for a SIP, you indirectly get into the habit of keeping aside an amount of money from your income for investment. The fact that there will be a monthly deduction towards a scheme will ensure you keep track of your income and expenses on a periodical basis to ensure the investment is not hindered. You also will be planning your expenses after you have invested an amount at the beginning of the month.    2. Fund managers Mutual fund investments are supervised by professional fund managers who have proven experience in managing portfolios. They observe market trends and make wise decisions in order to grow your money and minimize major losses. This will be a great advantage for someone who is not well-versed in investment and struggles with financial jargon. When you choose SIPs, you invest money periodically and have a professional fund manager overseeing your investments.    3. The fruits of compounding  The returns on your investment benefit from compounding. Compounding means you don’t just get the return on what you spend out of your pocket but also what you earn from it. This basically leads to your corpus getting richer with time. You can enjoy the power of compounding when you choose a SIP and stay dedicated to the investment for a long time.   4. Rupee cost averaging This is one of the major benefits of compounding. When you invest an amount through SIP, you do not need to worry about timing the market. You buy a high number of units when the NAV is low due to the markets, and on the other hand, you buy a lesser number of units when the NAV is high. This factor of SIP ensures the overall cost of purchasing mutual fund units averages out over the tenure of investment. Important points to note about the Growing SIP calculator (Step-up SIP calculator) Systematic Investment Plans come with semi-annual and annual stepping-up options. As an investor, you cannot increase the size of an existing SIP; the option becomes active only if you select the option concerned while setting up the SIP.   If the step-up option is not selected, you will need to start a new SIP by selecting the step-up option.  A valid reason to step up your SIP is the logic of raising your savings with your rising income. You can directly transfer your increased savings into your existing SIP if you have a Step Up SIP instead of creating a new one.  You can automate your SIP settings to raise the investment amount to the necessary level without worrying. For example, if you are sure of getting an income raise of 10%, you can enter the step-up percentage at 7% - 8%. The longer you invest, the longer you allow the magic of compounding to work. FAQs How is Step Up SIP calculated?   The Step-up SIP calculator helps you calculate your returns. For example, if you invest Rs.5000 through SIP monthly and decide to step up your SIP amount by 10% every year, your investment amount will increase to Rs.5500 for the next investment tenure. Why is Step Up SIP better? Step Up SIP is one of the best options for people who lack financial discipline. They, most often than not, fail to increase their SIP amount when their income increases. A step-up SIP will automatically raise their investment amount by a predetermined percentage every year. Which SIP is best for 1000 per month? Franklin India Feeder Franklin U S Opportunities Fund for SIP Canara Robeco Bluechip Equity Fund for SIP. Canara Robeco Emerging Equities Fund for SIP. Nippon India Value Fund for SIP. Nippon India Arbitrage Fund for SIP. Which SIP is best for 10 years? Franklin India Technology Fund ICICI Prudential Technology Fund PGIM India Global Agribusiness Offshore Fund Aditya Birla Sun Life Digital India Fund SBI Technology Opportunities Fund

When they hear the phrase "bear market," many investors become frightened. However, compared to the length of bull markets, when the market is gaining in value, these catastrophic market downturns are unavoidable and typically only endure a short period. In this blog, we discuss when it's a smart idea to invest during a bad market. What is a bear market? A bear market is described as a period of time during which the price of securities drops by at least 20%. When a fall lasts for more than two months, a bear market is considered to have begun. Negative returns are the hallmark of a bear market. A pessimistic market attitude causes additional stock sell-offs, which further drags down the market. Several reasons, including panic selling by investors brought on by an economic crisis, such as an unanticipated catastrophic occurrence, a financial crisis in one sector, market correction, and a drop in corporate earnings, can contribute to the decline in stock prices. It takes bravery to weather the storm, and both novice and seasoned investors may find the bear market challenges. The investors' time horizon, investment goals, and risk tolerance will determine the optimal course of action during a down market. Although most people fear bear markets, they might really be the perfect time to expand your portfolio and lay the foundation for long-term wealth creation. What to do in a bear market? Your finances may suffer greatly in severe downturn markets. Salary cutbacks, payroll delays, and other financial hardships can result from economic downturns. It is advisable to prepare oneself for a faltering economy before becoming involved in bear market investment. A financial strategy must be in place in order to make wise judgments. During market turbulence, you are more prone to make hasty judgments if you don't have a strategy. 1. Short selling during a bear market Using short selling to their advantage, investors may make money during a bad market. This tactic necessitates the selling of borrowed shares, which are subsequently repurchased at a discount. If things don't go as planned, this method is very dangerous and might result in significant losses. Before placing a short sell order, short sellers must borrow shares from a broker.  The difference between the price at which the aforementioned shares were sold and subsequently bought back is the profit and loss realized by a short seller and is referred to as "covered. 2. Inverse ETFs and puts during bear markets Investors and traders can sell a certain stock at a specific price on or before a given date without being constrained by this obligation by using a put option. Put options are used as a hedge against decreasing stock prices and as a way to speculate on declining stock prices, protecting long-only portfolios.  When there aren't any bear markets, buying puts is typically a better strategy than the aforementioned short selling. Furthermore, inverse ETFs can be used to speculate or protect portfolios. By altering values in the opposite direction of the index they track, inverse ETFs work. 3. Buy stocks  All firms' stock prices decrease during a bear run. It is regarded as the ideal opportunity to invest and purchase stocks. However, you should invest in stocks of reputable businesses that will prosper in the future. Rebalance your portfolio and start concentrating on value equities rather than growth ones. 4. Buy dividend stocks  The best time to invest in firms with a history of large dividend payments is during down markets. A dependable source of recurring income is dividends. Additionally, it will let you reinvest the dividend income you get. Do not, however, neglect strong growth businesses by focusing primarily on dividend stocks. The optimum moment to purchase high-growth shares that you have been eyeing is when prices fall. 5. Timing the market  During a bear market, the majority of investors sell their holdings and leave the market. Market volatility is a reality, and although the decline causes investors to fear, trying to time the market is a futile endeavor. Riding through the storm is the best course of action during a down market. Is a bear market a good time to invest? Clearly, during periods of a bear market, investors do not have the best of times. It might not seem like the best moment to start investing in the market if you have never done so before. But there are benefits to making investments during a bad market. You are less likely to be taken in by trends since nearly none of them are successful, which is why equities are declining in value and day traders are abandoning up. Instead, you may concentrate on the crucial objective of long-term wealth growth. Both in bear and bull markets, there are a variety of strategies to make money. The secret to success is choosing the best investing instruments for each market and utilizing them effectively. A few bear market investments that let investors profit from market downturns include short selling, put options, and short or inverse ETFs. Consult an expert advisor to get the right plan TALK TO AN EXPERT

The demand for education loans has increased in India due to rising costs, increased demand for foreign education, and the need for upskilling courses or executive programs to boost career growth. While student loans may seem scary, there are many benefits of education loans that you can avail of while financing your child's higher education!    Tax break   Tax exemptions are the most incredible benefits of education loans. Under Section 80E of the Income Tax Act of India, the interest paid on education loans can be claimed as a deductible by the beneficiary. Tax benefits do not cover the principal amount of a loan but can be claimed when paying the interest amount. Parents can claim this deduction for the next 8 years from the start of payments after the moratorium period is lifted.    Moratorium period Education loan payments do not start the right way. Banks that offer education loans give you a period wherein you are not required to pay your EMI, which is called a moratorium period. T his period is generally for six months to 1 year; in exceptional circumstances, it can be more. This period is provided to help students find employment to start paying their loans without financial stress.     Attractive Interest rates   Educational loans have relatively low-interest rates than personal loans or house loans. Banks constantly compete to provide the best possible interest rates to students who need education loans. This gives students the advantage of shopping around for the best and most interest rates to reduce the final amount and quickly pay off their debt.    Zero collateral    Education loans do not require collateral in the form of an FD, land, bond, or other assets! Your child can get a collateral-free education loan to study abroad or in India. Banks assess requirements like the third-party guarantor, the parent's credit history, and your child's educational background to decide if your application is strong enough for approval. Banks also place heavy emphasis on the course and university your child is going to study.    Wide coverage   Contrary to popular belief, education loans provide blanket coverage. Education loans cover many payments like tuition fees, living expenses, and flights and help parents settle their child comfortably in a foreign land.    Additional read: Does education loans cover living expenses Cashback on Refundable Deposits   Education loans cover refundable deposits your child may have to pay during their university application process. This is not a feature offered by every education loan provider. It also depends on the loan amount and whether your loan is collateral free or dependent. Do check with your bank if you have the facility to get your money back on refundable deposits.   Secure your retirement savings   Another benefit of an education loan is that you do not have to use your savings for your child's education. If you do not have enough savings or investing stored, especially for schooling, then opt for an education loan that covers your tuition fees. The education loan amount you should be going for should be 25% of your child's total expenses. For example, if the cost is Rs. 50 lakhs, then your loan amount should be Rs. 12 to 13 lakhs.   An education loan can help you ensure quality education for your child and keep your retirement savings intact for the rainy day.   https://www.youtube.com/watch?v=4gTQkdePOWM Helps build Credit   One of the tremendous benefits of education loans is that it helps with credit building. Your child may want to buy a house in the future in a foreign country, and having a good credit history can accelerate that process. If you want your child to settle in a foreign country, then ensuring they have a good credit history is essential. Education loans can help them build a credit history with regular payments. This shows the financial institutions that you are a safe bet and trusted client for future loan applications.     A significant benefit of education loan is that it helps parents support their child's dream and build their future. Education loans are convenient if your child plans to go abroad or opt for an expensive degree in India. They provide financial support to those in need of immediate funds. Consult an expert advisor to get the right plan TALK TO AN EXPERT

With over 1,30,000 funds globally, it becomes challenging and confusing for an investor to choose funds best suited for their goals, objectives, risk appetite, and investment horizon. As investors, when we need guidance and assistance, we often get confused between Investment Managers, Investment Advisors, Financial Planners, Wealth Managers, and Asset Managers!   In this article, let's see the difference between Investment Managers vs Investment Advisors and which professional help you should take based on your requirement. Who is an Investment Advisor?  An Investment Advisor performs detailed research, analyzing the market movements and cycles. During this research and analysis, they inform clients of profitable or growth-oriented assets. Investment advisors work with you to understand your financial worth, goals and objectives, preferred investments, risk tolerance, phase of life, etc.   Advisors first understand their client's financial requirements, risk capacity, and investment goals and then create a detailed investment plan. Depending on the agreement type with the client, the Investment Advisor will periodically review the client's portfolio and rebalance the asset allocation if required to ensure the investments are aligned with the client’s financial goals.  Fee: Investment Advisors charge a flat fee, whether time-based or asset-based, for their services.   Additional read: Short-term vs long-term savings for your child’s education Who is an Investment Manager?  An Investment Manager’s primary role is to manage investments on their client’s behalf. Their clients could be an individual, an organization, or even the government. An Investment Manager handles all activities required to manage an investment portfolio. The activities mainly relate to performance management and buying and selling investment instruments. Their objective is to ensure safety but, at the same time, provide optimized returns on investments. Investment Managers rely on day-to-day financial analysis to ensure the investment products recommended to their clients provide optimized risk-adjusted returns.   Fee: Investment Managers work only on a fee cost model, usually in terms of commission.  Difference between an Investment Manager vs Investment Advisor Parameters Investment Managers Investment Advisors Role They offer data and analysis on fund performance and risk capacity to help pick the correct fund. They offer complete advice regarding your financial standing and well-being, including your budget, retirement, taxes, investment planning, etc. Scope Offer to advise only related to your portfolio creation and management. Offer advice by assessing your financial position and creating a plan to help you reach your financial goals. Services offered Investment Managers cannot be investment Advisors.  Investment Advisors can offer portfolio management services. Fee They work on a fee cost that is usually a commission-based model. Their fee is fixed based on a period or the volume of assets they handle. Bias There are chances of little advice as they might sell certain funds that offer them higher commissions. Meager chances of biased advice as they receive a fixed fee from you. The client’s growth is beneficial to the Advisor's goodwill. Eligibility To be an investment manager, one should have a bachelor’s degree in finance, business or accounting and an MBA if required by certain institutions. To be an investment advisor in India, one should have passed both levels of the NISM Series X – Investment Adviser certifications.   Conclusion  In volatile market conditions, consulting an experienced Investment Advisor proves beneficial as they provide a detailed goal-based planning approach with proper diversification to reduce the overall portfolio volatility. A goal-based planning approach considers all your investment objectives and commitment and ensures that you are financially prepared to achieve those goals. Consult an expert advisor to get the right plan TALK TO AN EXPERT

Studying abroad is not just about paying tuition fees, it also means moving to a new country and paying for accommodation, and all daily needs. Moving and living in a new city to study can be costly. Consider, that the average cost of living in Victoria, Canada for a single person is CAD 3, 494 (Rs. 2,86,111.61). A scholarship can reduce this cost partially or fully. Apply for Scholarship Tips on how to get a scholarship to study abroad 1. Make Google your best friend  The key step to winning a scholarship to study abroad is to do your research. Find out all the scholarships you are eligible to apply to and if those scholarships cover the program you are aiming for. The best place to start is the university website. Many universities offer scholarships to international students for specific courses that can reduce a significant portion of your yearly tuition expense.   Try to check government websites to see if they have any scholarships. A Pro tip would be to read the news daily and find out if there are any new scholarships announced by government institutions or corporate powerhouses to help students finance their dream education.   2. Ask the foreign university administration  To get a scholarship to study abroad, you need to develop a proactive approach and reach out to stakeholders. Don’t hesitate to ask the administration if they have any scholarships, grants, or bursaries for Indian nationals. If the university does not offer any exclusive scholarships, then ask them for help to apply to organizations that can sponsor your education. Sometimes asking for help is the best way to easily get a scholarship to study abroad!   3. Approach your seniors for information  Your seniors are the best source of information for scholarships. Since they have been in your shoes and done their due research, you can ask them for the different sources and organizations that you can apply to, to get a scholarship to study abroad.   4. Work on your SOP to stand out  The only way to get a scholarship to study abroad is to make your application unforgettable. This means working consistently on your scores, and extracurriculars and creating an amazing statement of purpose. Avoid generic statements and quotes. Make sure your statement of purpose highlights all your achievements and your future vision. Try to align your goals with the course you have opted for and the scholarship’s aim. By showing that your aims are aligned with the scholarship’s aim and your course, you can prove to the deciding committee that you are a desirable candidate.   What makes you an ideal candidate for a Scholarship? Read More 5. Get stellar LORs   Many scholarships require students to submit letters of recommendation. The recommendations are given by your professors, teachers, counselors, or your boss as a testimony. The recommendation letter should always come from credible sources so that the scholarship committee knows that you are a valuable candidate. Avoid asking your parents or relatives to write a recommendation letter for you. A common mistake most students make is to write the letter on their own or on behalf of their teacher.   6. Prove your worth  Winning a scholarship is not easy, especially when you are competing with thousands of candidates for the same position. The only way to get a scholarship to study abroad would be to prove your worth and show to the committee that you are a valuable candidate. This is possible through your SOP, academic history, extracurriculars, and finally, LORs. Acing these documents can help you get an interview where you can show your worth and win a scholarship to your dream university!   7. Respect the deadlines and proofread everything  Scholarships have strict deadlines that all students must adhere to. Start the process of finding the scholarships and submitting the documents months in advance so that you have enough time to ace your application. Another tip is to proofread all the information you have provided. Make sure you do not provide false information or lie on your application. FAQ How do I study abroad for free?  It is possible to study abroad for free with a scholarship. Many foreign and local universities offer scholarships to academically gifted or highly valued students to help them finance a portion of their tuition. How do you get a 100% scholarship?  Winning a 100% scholarship is extremely tough. You must have a powerful profile with a stellar academic record, extracurriculars, social work, and well-written SOP and LORs. 100% scholarships are hard to win and are given to outstanding students.  Can an average student get a scholarship to study abroad?  Yes, there are different types of scholarships like need-based, merit-based, and identity-based scholarships that students can apply for and win even if their academic records are average. Finding the right scholarship and working hard on your application can help you win a scholarship despite average academic scores.   These are some tips on how to get a scholarship to study abroad that you can use! There are thousands of scholarships available to international students, If you feel overwhelmed or stressed about finding the right scholarship then reach out to an expert and get the help you need to make your college life memorable.

The United Kingdom has a long tradition of intellectual success. It is one of the well-liked destinations for overseas students pursuing higher education. Regarding MS, UK institutions are at the frontline of offering a diverse selection of courses according to the student's interests.  MS in the United Kingdom provides full-time 1 or 2-year long courses. Specialists from various roles, industries, and courses are available at UK institutions, allowing overseas students to follow their selected degree programs. Popular MS specializations in the UK The following is a listing of the best MS Specialisations in the UK for Indian students. MS in Biology (Sciences)  MS in IT & Networking  MS in Engg (others)  MS in Geology  MS in Computer Science & Engineering  MS in Health Science  MS in Electronics & Electrical Engineering  MS in Mathematics Ways to save for MS in the UK A Master's degree might boost your child’s income potential. It might also be an opportunity to explore something your child is interested in. Saving in advance is the most effective way to reduce the expenditure burden your child will have to handle with student loans. Here's how to get started. 1. Set a goal and a budget for savings Setting a clear objective for the amount to finance your child’s Master’s can assist you in planning for the future. Calculating how much you'll need to save boils down to weighing costs. First, estimate how much money you'll require to pay for their tuition and living expenses. Then consider obtaining student loans, but proceed with caution. Calculate the monthly payment cost of the loan after your child graduates. 2. Refinance private student loans To save money, refinance outstanding private student loans. If your child is currently paying their student loans with a bachelor’s degree, the interest rates may have decreased since then. Interest rates on student loans are predicted to surge throughout 2022. In June, the federal funds rate was raised by 75 basis points, and fed officials anticipate future hikes. This might result in increased interest rates on both private & federal student loans. If you hold private student loans, refinancing replaces your loan with a new loan with a reduced interest rate. Refinancing existing student loans may allow you to free up a few additional rupees in your monthly budget for savings. 3. Choose the best option to start saving There are several options to save for future college fees, ranging from a traditional high-yield savings account to a college investing account. However, the best way to save will be determined by the timing of your strategy.  Select investment programs that offer investment possibilities customized to various periods and risk sensitivities. If you gradually adapt to being more conservative, you may invest more aggressively. Some of the options to start savings include - Mutual fund investing US ETFs (Exchange Traded Funds) Purchasing insurance policies Purchasing real estate Making an investment in PPF With these ways to save for your child's education, you may stop worrying about the cash needed to send your child to his or her ideal college. 4. Prepare early savings Investment needs time to mature. Education costs are often long-term goals that require more than five years to attain. Consider how much time you will need to create your children's education fund for MS in the UK.  The more time you have, the lighter your load will be. The sooner you begin investing & saving, the better. Top 10 MS colleges in the United Kingdom There are around 115+ MS Colleges in the UK. MS costs about INR 27.40 lakhs in the UK (approx.). The top specializations are IT and networking, Engg (others), Biology (Sciences), Geology, Health Science, Computer Science and engineering, Electronics and electrical Engineering, and Mathematics.  A bachelor's degree + Statement of Purpose (SOP) + IELTS/TOEFL/PTE score+ Letter of Recommendation (LOR) + GMAT/GRE scores + resume + job experience is required for admission. Consider looking at the best colleges in the UK for overseas students seeking an MS. Top MS Courses in the United Kingdom MS tuition prices in the United Kingdom Conclusion According to Census Bureau data, earning a master's degree may earn you up to $400,000 more than a bachelor's degree throughout your life. However, because this is throughout a lifetime, you may not see any significant financial rewards at first. As a result, it is critical to begin planning and conserving as soon as possible.  Senior financial counselors and planners urge parents to examine the higher education level they expect their children to achieve before developing a plan. More importantly, gathers information about current tuition costs and detects yearly increases. Make wise financial decisions, and you'll experience a lot less worry in the future. Consult an expert advisor to get the right plan TALK TO AN EXPERT

Parenthood is a challenging experience. With growing education inflation, you must maintain adequate cash reserves to avoid burning a hole in your wallet. Selecting the best one-time investment plan for your child's future can assist in guaranteeing that they have enough money for each stage of their life.  Getting the finest kid education plan is recommended as just a one-time investment that shields children after your death while also creating enough funds to pay for their educational ambitions. The best one-time investment plan considerations Today's Indian market is swamped with new kid education plans that serve as one-time investment solutions with various features and rewards. Creating the optimal selection is to making an informed decision promptly. Below are some significant factors to consider while selecting the best one-time investment plan for the child. The benefit amount from the child investment plans should be suitable for individuals with the inconsistent financial flow. The payouts from these investment plans should be able to support their requirement. Compared to other normal policy rates, the kid plan premium is lower. This is because the insurance is purchased in cash rather than in installments. There are, however, several child education options, including making monthly premium payments. Another feature is the tax benefit, which allows you to take benefits of Section 80C in the first year for the sole premium plan vs standard plans Best investments for children 1. Invest in Equity Mutual Funds  Deposits in equity mutual funds rank high on the one-time investment plan for kids. The extended period of 10-15 years and the investing style offered are the two key reasons for this. Equity funds have historically generated around 12% to 15% annual returns. Mutual funds are generally regarded as a secure investment that allows investors to spread with little risk. However, there are times when a mutual fund is not a suitable alternative for a new entrant, particularly regarding expenses. A mutual fund plan is a financial instrument created by pooling money from several investors. Mutual fund firms engage in securities such as corporate shares, bonds, stocks, loans, and other assets through AMCs. Mutual fund businesses invest their funds in a variety of securities. This enables its investors to increase their wealth through investing. 2. Recurring deposit investments If you are searching for a low-risk investment strategy for your children's future, consider recurring deposits, as interest rates are at an all-time high. You may secure the RDs and make plans for your child's future. In India, both banks and post offices provide recurring deposits. For example, a monthly investment of Rs 1000 might yield Rs 2 lakhs over ten years. 3. PPF Investments If you are searching for a long-term investment plan, consider PPF, which allows you to lock in your assets for 15 years. A baseline of 1 lakh can be deposited every year, with an annual return rate of 8.75%. Post offices and banks may both open PPF accounts. 4. Gold Investments Gold is an excellent hedge against stocks, particularly during uncertain market conditions. Parents invest in gold through ETFs, E-Gold, and gold mutual funds. Experts advise against investing in physical gold to limit the danger connected with physical gold storage. 5. Risks & Returns from Mutual Funds The mutual fund returns may estimate the annual and absolute returns available from 1 week to a maximum of 5 years. Most mutual fund return computations forecast the scheme's performance rank within fund classes.  Mutual funds concentrate on securities, whether stock or debt, whose values change in response to market fluctuations. This makes them riskier because the fund's NAV is determined by the individual securities values in its portfolio. Great-risk mutual funds are funds with big potential and the possibility to deliver high returns. These funds, however, are very unpredictable and carry significant risks. The degree and kind of risk are determined by the investments in a mutual fund. Choosing an adequate kid plan as a one-time investment will ensure your child's financial security even after death. Timely investments must take precedence whenever it relates to their academic and financial security. Mutual funds are among the most effective investment strategies since they provide better returns and diversity. Consult an expert advisor to get the right plan  TALK TO AN EXPERT

“We don’t have to be smarter than the rest. We have to be more disciplined than the rest”. Warren Buffett. In a volatile market, many investors see their portfolios as sometimes positive and sometimes negative. So, there are some investors who asked if should we book short-term profits on our investments or if should we hold them. Read on to know what you should ideally do. Why did you start SIP? First, answer yourself why you have started a SIP. With what objective you have started your investments? Generally, people save and invest their money with long-term objectives like saving for a child’s higher education, retirement, buying a house, buying a car, etc. Mostly we make investments to achieve our financial goals. The volatility in the market will always remain there, but we need to stick with our goals and investments. When should you book profits? Investments in mutual funds should be based on financial goals. If you have achieved your financial goal, then you can book profits or redeem your units to utilize the amount for that specific goal, or you can book profits when you are near your goals, and you have achieved your financial target, or if your fund is underperforming. In such scenarios, you can book profits. Majorly investments in mutual funds are for long-term financial goals. You should avoid booking short-term profits on your SIP. Additional read: What are alternate investment funds? What if the market crashes or falls? In case, if the market crashes or falls, then should either consider it as an opportunity to buy at a lower level or remain invested with your SIP. Don’t get fear out with the fall in the market. In the short-term, the funds or market may not perform, but in the long-term market has generated positive returns. Nifty 50 Performance in 6 months and 5 years’ time frame Power of Compounding Compounding is basically earning profits on capital invested and profits as well. It’s like getting interested in interest and principal amount. The longer you remain invested the better compounding will work. Let’s understand this with an example, suppose there are two-person A & B and both are planning for their child’s higher education, but A has 10 years to save and B has 20 years to save and both have invested in equity mutual funds. Let’s see the difference in their savings amount. In the above table, we can see that person A’s invested money has just got doubled but person B’s money has grown to 5x because he has more time to save for his goal. The more you remain invested, the more benefit you will get out of compounding. Conclusion The wealth is created over a long-term period, not in the short-term. Consider investing with a financial objective and stick with your investments, don’t let the market volatility impact your decision. Only redeem or switch your investment if your funds are not performing, else remain invested and let it grow. Consult an expert advisor to get the right plan TALK TO AN EXPERT