EduFund Blogs

International students have always favored the United Kingdom as a study-abroad location. This has been particularly true for international students, including those from the European Union (EU), European Economic Area (EEA), and Switzerland. However, due to Brexit, new regulations have taken effect in 2021 for all EU/EEA and Switzerland citizens. We have compiled this blog with all the information you need about tuition and living expenses in the UK to clarify everything for your child and all the other international students. UK University tuition fees There have previously been two different tuition fee structures available in the UK: The cost for domestic students, Irish nationals, and those from the EU, EEA, and Switzerland often pay these lower fees. The cost for international students is significantly higher for all remaining non-EU/EEA students, sometimes by two or three times. However, after Brexit, a lot is different. For students who are from Switzerland or the EU/EEA and have started studying in the UK after January 1, 2021, the following are the key details they need to be aware of: They do not have the domestic fee status or access to student loans and are required to pay the total tuition costs set by each university individually if they have arrived in the UK after January 2021 and began their study program after August 2021. These changes do not affect Irish nationals and students who began courses before implementing this new policy. 1. Tuition fees at UK’s public universities Tuition fees at public UK universities can vary widely. Depending on the university, the discipline, and the length of the studies, the domestic cost typically runs from ₹5 to 9.2 lakhs per year. The international fee is typically more than the initial domestic fee by ₹2.5 – 7.2 lakhs. In some circumstances, it may even be twice as expensive as the domestic cost. 2. Tuition fees at UK’s private universities Private higher education is often more expensive, while private university study programs offer tuition fees equivalent to those at public institutions. Furthermore, these institutions frequently do not distinguish between people of the EU/EEA and those of other countries. Students may pay anything from ₹4.5 to over 32 lakhs per school year. Business and medicine are the most expensive majors at both public and private colleges. Living Expenses in the UK for International Students Read More Recommended universities in the UK Imperial College London King’s College London Coventry University Hult International Business School Leeds Beckett University Living expenses of students in the UK Living as an international student in the United Kingdom is not inexpensive. However, where they choose to live significantly impacts how much money they spend. Monthly living expenses in well-known locations like London might easily exceed ₹1.3 lakhs. But they can live comfortably in smaller towns with a monthly budget of ₹60,000 - 1.1 lakhs. 1. Costs of student accommodation  Many colleges offer dorms for students in the UK. These places provide excellent value for money and include utility fees in the final cost. First-year students mostly prefer student residential halls. Many graduates rent a private space after their first academic year, alone or with other students. Although it is more expensive, this choice provides a more accurate picture of what life is like in the actual world. These accommodations cost between ₹60,000 to 1.3 lakhs/month. Monthly expenses and utilities will cost another ₹10,000–17,000 to your expenditure. 2. Cost of food in the UK Students will be spending between ₹15,000 and 26,000 on food and groceries. This budget will increase quickly if they eat out and order food often.  3. Transportation costs Your child can choose from various public transport options for their daily commute, most of which offer discounts to students or young people. There may be regional or city-specific variations to these discounts, but the following are a few instances: Train: Full-time students who purchase a Young Persons Card, which typically costs ₹3,000, receive a 30% discount. Tube within London: 30% off the Oyster Student Card bus for students over 18.  Bus: For a one-way ticket, they must pay ₹150-300. 4. University scholarships and grants International students can apply for scholarships and other financial aid forms in the UK. They must fulfill the admission requirements to be a successful applicant. Scholarships are typically given out based on various factors, including financial need, nationality, prior academic success, etc. Criteria to obtain higher education loans for the UK Read More Conclusion  Universities and colleges in the United Kingdom are sought after for their quality of education. Hence, it is a great destination to send your child to study. But it is one of the most expensive countries to live and study in. Always look for scholarships and financial aid options before finalizing the university. If there is any confusion regarding the fee structure or a need for any advice, our team of efficient financial advisors is just a call away to clarify your doubts. Consult an Expert Advisor

Scholarships for studying abroad provide an incredible opportunity for students to pursue their dreams and gain valuable international exposure. As you explore the various scholarship options available, it's important to understand what qualities and experiences make you an ideal candidate. Factors that can enhance your scholarship application 1. Academic Excellence One of the most crucial aspects of being an ideal candidate is a strong academic record. Scholarships often prioritize students with outstanding grades and a proven commitment to academic excellence. Make sure to highlight your achievements, such as academic awards, research projects, or publications, to demonstrate your dedication and intellectual prowess.  2. Passion and Purpose Scholarship providers seek individuals who are driven by a clear sense of purpose and a genuine passion for their chosen field of study. Clearly articulate why you are interested in the specific program or course you wish to pursue abroad and how it aligns with your long-term goals. Showcasing your enthusiasm and motivation can greatly impress the scholarship selection committee.  3. Leadership and Extracurricular Involvement:  Active involvement in extracurricular activities and leadership roles indicates your ability to balance academics with broader personal development. Engaging in student organizations, community service, sports, or cultural activities demonstrates your initiative, teamwork skills, and capacity to make a positive impact. Highlighting these experiences can set you apart as an ideal candidate.  How to write an application for a Scholarship? Read More 4. Diversity and Global Perspective Scholarship programs often value diversity and seek candidates who can contribute unique perspectives to the international academic community. Showcase your multicultural experiences, language proficiency, or participation in exchange programs to demonstrate your adaptability, intercultural competence, and ability to thrive in diverse environments.  5. Financial Need and Adversity Some scholarships prioritize candidates with financial needs or those who have overcome significant challenges to pursue their education. If applicable, provide a compelling narrative that highlights your financial constraints or personal obstacles and how the scholarship can be a transformative opportunity for you to overcome these barriers and fulfill your educational aspirations.  Scholarship for MBA in India Read More 6. Research and Career Goals Clearly articulating your research interests and career goals can be instrumental in making you an ideal candidate for scholarships. Describe your research experience, projects, or internships related to your field of study. Outline how the scholarship will enable you to further explore these interests, contribute to your chosen field, and make a meaningful impact in the future.  7. Strong Communication and Language Skills Proficiency in the language of instruction at the host institution or country can greatly strengthen your scholarship application. Demonstrating your ability to effectively communicate, both verbally and in writing, showcases your readiness to navigate academic and social environments abroad. Highlight any language certifications, language exchange programs, or international communication experiences to emphasize your linguistic abilities.  8. Personal and Professional Growth Scholarship programs value candidates who demonstrate a commitment to personal and professional growth. Highlight experiences where you have challenged yourself stepped out of your comfort zone or taken on responsibilities that have contributed to your personal development. Whether it's overcoming obstacles, pursuing independent projects, or participating in professional development workshops, showcasing your growth mindset can make you an attractive candidate.  9. Alignment with Scholarship Objectives  Each scholarship program has its unique objectives and values. Take the time to thoroughly research the scholarship you are applying for and tailor your application to align with its mission and goals. Show how your academic and personal aspirations resonate with the scholarship's focus areas and how you can contribute to the scholarship's community or society upon completion of your studies.  10. Strong Letters of Recommendation  Letters of recommendation play a vital role in showcasing your character, skills, and potential as a scholarship recipient. Select recommenders who can attest to your academic prowess, potential for leadership, and personal qualities. Ensure that your recommenders can provide specific examples that highlight why you are an ideal candidate for the scholarship.  11. Well-Crafted Application Essays Crafting compelling and well-written application essays is essential to stand out as an ideal candidate. Use this opportunity to share your unique story, motivations, and aspirations. Clearly articulate how receiving the scholarship will not only benefit you but also contribute to your community, country, or the world at large. Present a clear and coherent argument for why you deserve the scholarship and how you plan to leverage the opportunity.  12. Preparation and Attention to Detail  An ideal candidate for a scholarship demonstrates meticulousness and attention to detail throughout the application process. Prepare well in advance, carefully read and understand the scholarship requirements, and ensure that your application is complete, error-free, and submitted before the deadline. Pay attention to formatting, follow instructions precisely, and provide all the requested supporting documents to present yourself as a highly organized and responsible applicant.  Being an ideal candidate for a scholarship requires a combination of academic excellence, passion, leadership, diversity, financial need, strong communication skills, personal growth, and attention to detail. Presenting these qualities effectively can significantly enhance your chances of securing the scholarship and realizing your study abroad dreams. Good luck!  Apply for Scholarship and Fund your Dreams

College application rejections can be disheartening, but understanding the reasons behind them and learning how to cope with disappointment is crucial. This article explores common causes for rejected college applications and provides valuable insights on how to navigate the challenging emotions that arise from being denied admission.  1. Insufficient academic performance  One of the primary reasons for college application rejections is insufficient academic performance. Admissions committees typically consider high school transcripts, standardized test scores, and letters of recommendation when evaluating applicants. If a student’s grades or test scores do not meet the college’s expectations, the application may be denied.  2. Lack of extracurricular activities  Colleges are not only interested in academic achievements but also in extracurricular activities. They look for students who are well-rounded and have diverse interests. If an applicant’s application lacks evidence of participation in extracurricular activities, it may result in a rejected college application.  3. Poorly written essays  Essays are an important part of the college application process, as they provide insight into a student’s personality, interests, and writing skills. Poorly written essays that lack structure, coherence, and grammar can be a major reason for college application rejections.  4. Failure to meet application deadlines  Applying to college requires careful planning and organization. Missing application deadlines can result in rejected college applications, regardless of how strong the applicant’s credentials are.  5. Limited availability of spots  Competition for college admission is high, and some colleges receive more applications than they have spots available. In such cases, even strong applicants may be rejected due to the limited availability of spots.  How to deal with college application rejections?  Receiving a rejection letter from a college can be discouraging and overwhelming. However, it’s important to remember that rejection is not a reflection of one’s worth or potential. 1. Allow yourself to feel your emotions  It’s okay to feel sad, disappointed, or frustrated. Recognize your feelings and give yourself permission to process them.  2. Don’t take it personally  Remember that college admissions decisions are based on a variety of factors, and rejection does not define you or your abilities.  3. Reframe your mindset  Instead of seeing rejection as a failure, try to reframe it as an opportunity to learn and grow. Consider other options, such as attending a different college or taking a gap year.  4. Seek support  Talk to your family, friends, or a guidance counselor about your feelings. Seeking support can help you process your emotions and gain perspective.  5. Keep moving forward  Remember that college rejection is not the end of the road. Keep working hard and pursuing your goals, and you will eventually find success in your academic and personal pursuits.  6. Inadequate preparation for standardized tests  The SAT or ACT and other standardized exams are important factors in college admissions. If an applicant's test scores fall below the average range of accepted students or fail to meet the college's requirements, it can lead to a rejected application. Inadequate preparation or lack of familiarity with the test format can contribute to lower scores.  7. Inconsistent or incomplete application materials  Submitting an incomplete or inconsistent application can raise red flags for admissions committees. Missing documents, incomplete forms, or discrepancies in information can create doubts about an applicant's ability to follow instructions or pay attention to detail, potentially resulting in a rejected college application.  8. Weak letters of recommendation  Strong letters of recommendation from teachers, counselors, or mentors can greatly enhance an applicant's chances of admission. However, if the letters lack depth, or personal anecdotes, or fail to highlight the applicant's strengths and achievements, they may not have a positive impact on the application and could contribute to rejection.  9. Unsuitable fit with the college's values or program  Colleges seek students who align with their values, mission, and academic programs. If an applicant's essays or application materials fail to demonstrate a genuine interest in the college or a clear connection with its offerings, it may lead to rejection. Researching and tailoring applications to fit the college's culture and academic offerings can significantly improve the chances of acceptance.  10. Limited space for transfer students  Transfer students face unique challenges, as colleges often have limited space available for them. Rejected college applications for transfer students can be a result of limited availability of spots or specific requirements that were not met. Understanding the transfer admission process and meeting all the necessary criteria is crucial to maximizing the chances of acceptance.  11. Explore alternative options  If faced with rejection, it's important to explore alternative options. Consider applying to other colleges or universities that still have open admission periods or explore community colleges as a stepping stone to transfer to a desired institution later.  12. Request feedback or reconsideration  Some colleges may offer the opportunity to request feedback on the application or reconsideration of the decision. If available, take advantage of these options to gain insights into areas for improvement or to present additional information that might influence the decision.  13. Focus on the positives  Reflect on your accomplishments, strengths, and goals. Remember that college rejection does not define your worth or potential. Redirect your energy towards pursuing other opportunities and embracing new experiences.  14. Seek guidance from mentors  Reach out to mentors, teachers, or counselors who can provide guidance and support during this challenging time. They can offer valuable advice, help you explore alternatives, and assist in finding the right path forward.  15. Learn from the experience  Use the experience of college rejection as a learning opportunity. Assess your application, identify areas that could be strengthened, and work on improving those aspects for future applications or academic endeavors.  Remember, college rejection is not the end of the road. Many successful individuals have faced rejection at some point in their lives but persevered to achieve their goals. Stay determined, maintain a positive mindset, and keep working towards your dreams.  College application rejections can occur due to various factors. While facing rejection can be difficult, it is essential to remain resilient, learn from experience, and pursue alternative paths to achieve academic and personal success. 

Investing in US stocks offers numerous benefits like exposure to the world’s largest and fastest growing economy, a chance to invest in the US dollar, and attractive returns from big companies like Apple, Microsoft, and Tesla. This article explores the benefits of US investments, why it is the right time to invest in the USA from India, and the ease of investing globally in our times. Benefits of US investments  The benefits of investing in US stocks from India can bring about several advantages. Here are some significant advantages to think about:  Diversification: Investing in US stocks allows for portfolio diversification. By adding US stocks to your investment mix, you can reduce the risk associated with having a concentrated portfolio solely focused on Indian stocks. Diversification across different markets can help mitigate the impact of market fluctuations and economic conditions.  Access to Global Giants: The US stock market is home to numerous multinational corporations and tech giants, such as Apple, Amazon, Microsoft, and Google. Investing in these companies provides an opportunity to be a part of their growth and success. These global giants often lead innovation, enjoy stable financials, and may provide potential long-term growth prospects.  Exposure to Different Sectors: The US market encompasses a wide range of sectors, including technology, healthcare, finance, and consumer goods. By investing in US stocks, you can gain exposure to industries that may not be as prevalent or well-developed in the Indian market. This diversification across sectors can help you capture opportunities and reduce sector-specific risks.  Stable and Mature Market: The US stock market is one of the most established and regulated markets globally. It has a long history of stability, investor protection, and transparency. This stability can instill confidence in investors, especially those seeking a secure investment environment.  Why is investing important?  Investing plays a crucial role in wealth creation and financial planning. Here's why investing is important for individuals in India:  Wealth Accumulation: By investing, you can increase your wealth over time. By investing your savings wisely, you have the potential to earn higher returns than traditional savings accounts. Through compounding, your investments can generate additional income, helping you achieve your financial goals.  Beat Inflation: Inflation erodes the purchasing power of money over time. Investing in avenues that generate returns above the inflation rate helps preserve the value of your wealth. By investing in the US market, you can explore opportunities for potentially higher returns and hedge against inflation risks.  Invest in USA with EduFund Can I invest in US Stocks from India?  Yes, as an investor in India, you can invest in US stocks through various channels:  Direct Stock Purchase Plans (DSPPs): Some US companies offer DSPPs, which allow international investors to buy their stocks directly. This enables you to invest in specific US companies without going through a broker.  Global Depository Receipts (GDRs) and American Depository Receipts (ADRs): GDRs and ADRs are financial instruments that represent shares of foreign companies listed on US stock exchanges. They provide an indirect way for Indian investors to invest in US stocks.  Mutual Funds and Exchange-Traded Funds (ETFs): Several Indian mutual funds and ETFs provide exposure to US stocks. By investing in these funds, you can gain access to a diversified portfolio of US stocks managed by professionals.  EduFund's US Investment page offers Indian investors a comprehensive platform to explore and invest in the US stock market. With expert guidance, diversified portfolios, and a focus on long-term growth, EduFund empowers individuals to capitalize on the benefits and opportunities of US investments. So, if you're looking for a US investment page then consider ours.  Invest in the US market: A world of Opportunities  Investing in the US market opens up a world of opportunities for investors in India. The benefits of US investments, including diversification, access to global giants, exposure to different sectors, and a stable market environment, make it an attractive option. With various investment channels available, Indian investors can explore the US stock market and potentially benefit from its growth and performance.  The growth potential of US stocks  One of the key reasons why investing in US stocks from India is appealing is the growth potential these stocks offer. The US economy has a track record of consistent growth, and its stock market has demonstrated resilience and the ability to recover from downturns. This growth potential can translate into attractive returns for investors.  The US stock market is known for fostering innovation and entrepreneurship. It is home to a vibrant ecosystem of startups and established companies that continuously strive for technological advancements and market dominance. By investing in US stocks, Indian investors can participate in the growth of these dynamic companies, potentially benefiting from their success stories.  Moreover, the US market provides access to a large consumer base. The country's robust consumer spending and high standard of living create a favorable environment for companies to thrive. Investing in US stocks allows Indian investors to tap into the purchasing power and consumption patterns of American consumers, which can present lucrative opportunities.  What is the US Stock market timing? Read More Global economic influence  The US economy holds a significant influence on the global stage. As the world's largest economy, its performance and policies have far-reaching effects on financial markets worldwide. By investing in US stocks, Indian investors can align themselves with this influential market and leverage its economic impact.  The US dollar is also the main reserve currency in the globe. Investing in US stocks exposes investors to currency fluctuations, providing an additional avenue for potential gains. The value of the US dollar against the Indian rupee can impact the returns on US investments, offering opportunities for diversification and currency-related profits.  Mitigating risk through research and expertise  Investing in any market comes with risks, and the US market is no exception. However, with proper research, due diligence, and professional guidance, investors can mitigate these risks and make informed investment decisions.  To invest in US stocks successfully, it is crucial to stay updated on market trends, economic indicators, company fundamentals, and geopolitical developments. Various financial research platforms, brokerage firms, and investment advisors provide valuable insights and analysis to assist investors in navigating the US market effectively.  Furthermore, leveraging the expertise of fund managers and portfolio managers who specialize in US investments can be beneficial. Mutual funds and ETFs focused on US stocks often have experienced investment professionals who actively manage portfolios, aiming to generate favorable returns for investors while minimizing risks.  Conclusion Investing in US stocks from India provides an array of benefits, including diversification, access to global giants, exposure to different sectors, and potential for growth. With research and guidance, Indian investors can seize opportunities in the dynamic US market for long-term financial success. 

A college education is an essential investment in a student's future. However, the rising cost of education can be a significant barrier for many students and their families. To make informed decisions, an education cost calculator can be an incredibly helpful tool. In this context, this article explores the benefits of a college cost calculator, including the availability of college cost calculators in India.  The cost of college education has been steadily increasing in recent years. The College Board estimates that for the 2020–2021 academic year, in-state residents attending public schools will pay an average of $10,560 in tuition and fees, and out-of-state students attending public universities will pay an average of $27,020 in tuition and fees. Private institutions will charge an average of $37,650 in tuition and fees. These costs do not include additional expenses like room and board, textbooks, and transportation, which can add up quickly.  With these high costs, it is more important than ever for students and their families to make informed decisions when it comes to financing their education. This is where a college cost calculator can be incredibly helpful.  A college cost calculator is a tool that estimates the total cost of attending a college or university based on factors such as tuition and fees, room and board, books and supplies, and other expenses. It takes into account a student's financial aid eligibility and family income to calculate the net price of attendance.  EduFund College Cost Calculator One of the significant benefits of a college cost calculator is that it provides students and families with a realistic estimate of the total cost of attending a particular college or university. This estimate is based on the current tuition rates, and it also includes estimates for other expenses like room and board, textbooks, and transportation. By using a college cost calculator, students can have a better idea of the total amount they will need to pay for college.  Furthermore, a college cost calculator can also help students determine their eligibility for financial aid. Financial aid can be crucial in helping students cover the cost of college, and it can come in the form of grants, scholarships, work-study programs, and loans. A college cost calculator takes into account a student's family income and other factors to determine their financial aid eligibility, giving students an idea of the amount of aid they may receive.  In addition to estimating the cost of attendance and financial aid eligibility, college cost calculators can also help students compare the costs of different colleges and universities. This can be especially helpful for students who are considering multiple schools and want to make an informed decision about which one to attend. By comparing the net price of attendance at different schools, students can see which one offers the best value for their money.  Education cost calculators are especially important in India, where the cost of education can be a significant barrier for many students. According to a report by the National Sample Survey Organization (NSSO), the average cost of education in India is around Rs 23,000 per year for rural areas and Rs 40,000 per year for urban areas. This amount is significant, especially for families with lower incomes.  An education cost calculator can be a helpful tool for students and their families in India, as it can provide them with an estimate of the total cost of attending a particular college or university. This estimate can be based on various factors, such as tuition and fees, room and board, books and supplies, and other expenses. College Cost Calculator Read More By using an education cost calculator, students and families can make informed decisions about financing their education and ensure that they are not overburdened with debt.  In addition to estimating the cost of attendance, an education cost calculator in India can also help students determine their eligibility for scholarships and other forms of financial aid. Scholarships and grants can be crucial in helping students cover the cost of education, and an education cost calculator can help students identify which scholarships they may be eligible for.  Another benefit of using an education cost calculator in India is that it can help students plan for their future. By estimating the cost of attendance and their financial aid eligibility, students can create a plan for financing their education and ensure that they are not burdened with debt after graduation. This can help students make informed decisions about their career path and ensure that they are not limited by financial constraints.  College cost calculators and education cost calculators are significant for students and their families as they navigate the complicated landscape of financing higher education. These tools can help students plan for the cost of attending college and make informed decisions about which schools to apply to, which programs to pursue, and how to finance their education.  Another advantage of using college cost calculators and education cost calculators is that they can help reduce financial stress and anxiety for students and their families. Knowing the cost of attendance and financial aid eligibility in advance can help students plan for the future and avoid unexpected expenses. This can help students and their families feel more in control of their finances and reduce stress and anxiety related to the cost of education.  Furthermore, college cost calculators and education cost calculators can also help students identify ways to reduce the cost of attendance. For example, students can use the calculator to estimate the cost of living off-campus versus living on-campus. They can also use it to compare the costs of attending a two-year college versus a four-year university.  In summary, utilizing college cost calculators and education cost calculators can benefit students and their families by reducing financial stress, identifying cost-saving measures, and increasing access to higher education. Education cost calculators are particularly crucial in addressing financial inequality in education in countries like India. 

In this article, we will discuss key factors of investing. This article will make it easier for you to make intelligent investment decisions.   Everybody wants to become wealthy quickly and have a lavish lifestyle, but as we all know, Rome was not built in a day. You must have patience, practice financial discipline, and most importantly, make sensible investments if you want to become wealthy.   5 Factors to consider before investing   1. Have a clear financial plan Investments made without a purpose are of no use. Therefore, the secret to your financial success is a solid financial strategy.   Your existing income, obligations, and short-term and long-term goals should all be accounted for in a sound financial plan. Most significantly, your financial strategy should be on the basis of your financial objectives, risk tolerance, and capacity for bearing losses.   Only once you have a detailed financial blueprint should you move forward with your investments.  2. Start early As emphasized by us in many previous blogs, starting investments at an early age is a considerable advantage for you because your money gets much more time to show the compounding effect.   The early investment allows you to use compounding - reinvesting your investment profit to increase your earnings.   The first is reinvestment and the second is time - both essential factors for compounding to function.  Example: Let us understand this with an example - Reshma invests Rs 10,000 at 6% in her first year of investing. Instead of taking out the Rs 600 (Rs 10,000x1.06) that she earned in year one, she reinvests it in the same instrument.   Assuming the interest rate remains the same, she earns Rs 11,236 (Rs10,600x1.06) by year two. Thus, just by staying invested, her money begins to compound, and her wealth increases yearly – this is called the Power of Compounding.  3. Diversification Proper asset allocation is a crucial aspect of investing. No matter how appealing the profits may seem, you should never put all your eggs in one basket.   Your risk is distributed when you invest across asset classes like equity, debt, commodities, and real estate - because different asset classes carry varying levels of risk and do not necessarily move in the same direction.   Source: pixabay 4. Beware of Inflation Your assets may lose value rather than gain if you do not invest your hard-earned cash wisely this is a result of inflation, which is the gradual increase in prices that can reduce the purchasing power of your money.  Let us observe what happens. Say A hides 50,000 rupees in a mattress for 15 years. In 15 years, the value of money would have been rupees 23,160 if the average annual inflation rate were considered 5%.  Therefore, you mustn't let your money sit about idly; instead, choose investments that outperform or at the very least stay up with inflation.   5. Stay invested for the long term You should always keep your long-term objectives, such as purchasing a home, funding your children's education, getting married, and retiring, while making investments.   Avoid letting market highs and lows derail your course towards achieving the long-term objectives that you have set.   The ideal course of action for you is to make a predetermined investment plan where you decide on a predetermined amount of money to be put across various asset classes in inflation-adjusted instruments.   Investments must be made in a disciplined manner over some time without being distracted from your long-term goals. FAQs What are the key factors to consider before investing? The key factors to consider before investing are your financial goals, your risk factor, the time horizon of investment, your investment amount and your portfolio management. What are the 5 golden rules of investing? The 5 golden rules of investing are - knowledge of investing, keeping track of your investments, diversification, understanding the risk involved, and investing for the long-term. Does inflation impact your investments? Yes, inflation has a huge impact on your investments. This is why choosing the right type of investment for the long-run is important. Investors are encouraged to invest in assets that can yield returns that beat inflation so that their money holds value in the long term horizon. Consult an expert advisor to get the right plan for you TALK TO AN EXPERT

Are you an Indian student aspiring to pursue higher studies abroad with a scholarship? This guide will provide valuable insights into the process of writing a compelling scholarship application and sharing effective strategies to secure scholarships for studying abroad. Discover how to maximize your chances of receiving financial aid and achieving your educational dreams.  1. Understanding the Scholarship Application Process  A. Research and Identify Scholarships: Begin by researching and identifying scholarships specifically designed for Indian students studying abroad. Explore various sources such as government programs, educational institutions, private organizations, and international foundations.  B. Eligibility Criteria and Requirements: Carefully review the eligibility criteria and requirements for each scholarship. Pay attention to factors such as academic achievements, field of study, financial need, extracurricular involvement, and leadership qualities.  C. Application Deadlines: Note the application deadlines for each scholarship and create a timeline to ensure you submit your applications well before the closing dates.  2. Crafting an Impressive Scholarship Application  A. Personal Statement: Write a compelling personal statement that showcases your passion for the chosen field of study, highlights your academic achievements, and outlines your future goals. Tailor your statement to reflect how studying abroad will contribute to your personal and professional growth.  B. Academic Achievements and Extracurricular Involvement: Emphasize your academic accomplishments, including grades, honors, awards, and participation in relevant competitions. Highlight your involvement in extracurricular activities, leadership roles, volunteer work, or community service.  C. Financial Need and Scholarships: Clearly articulate your financial need and explain how receiving a scholarship will alleviate the financial burden and enable you to pursue your studies abroad. Apply for Scholarship 3. Strategies for Obtaining Scholarships  A. Seek Guidance and Assistance: Reach out to educational consultants, career counselors, or scholarship advisors who can provide guidance and support throughout the application process. They can help you identify suitable scholarships and offer valuable advice on presenting your qualifications effectively.  B. Build a Strong Network: Engage with professionals, professors, and alumni who have experience with scholarships or studying abroad. Their insights and recommendations can be invaluable in securing scholarships.  C. Develop a Well-rounded Profile: Enhance your profile by participating in relevant workshops, internships, research projects, and conferences. This demonstrates your dedication, initiative, and commitment to academic and personal growth.  4. Financial Planning and Scholarship Opportunities  A. Explore Government Scholarships: Investigate scholarships offered by the Indian government and various state governments to support students studying abroad. These scholarships often cover tuition fees, living expenses, and travel costs.  B. Research University Scholarships: Many universities abroad provide scholarships, grants, and fellowships to international students. Visit university websites and explore the available options that suit your field of study and financial needs.  C. External Scholarships and Sponsorships: Look for scholarships offered by private organizations, foundations, and corporations that support international students. Stay updated on scholarship announcements and apply to those aligned with your academic pursuits.  Apply for Scholarship 5. Recommendation Letters  A. Selecting Recommenders: Choose individuals who know you well academically or professionally and can provide a strong endorsement of your abilities and potential. This could include professors, mentors, employers, or supervisors.  B. Requesting Recommendation Letters: Approach your recommenders well in advance and politely request their support. Provide them with relevant information, such as your academic achievements, career goals, and the scholarship you are applying for, to help them craft a personalized and persuasive letter.  C. Follow-up and Gratitude: Express your gratitude to your recommenders for taking the time to write the letters on your behalf. A thank-you note or email goes a long way in maintaining professional relationships.  6. Application Submission and Follow-up  A. Proofreading and Editing: Before submitting your application, thoroughly proofread and edit all the required documents. Check for grammatical errors, typos, and coherence of the content. Seek feedback from mentors or trusted individuals to ensure a polished application.  B. Submitting Documents: Submit your application along with all the required documents by the specified deadline. Follow the instructions carefully and provide all the necessary information accurately.  C. Follow-up and Status Updates: After submitting your application, if the scholarship committee allows it, periodically check the status of your application. Maintain professional communication and be prepared to provide any additional information or documents if requested.  7. Scholarship Interview Preparation  A. Researching the Interview Process: If your scholarship application progresses to the interview stage, familiarize yourself with the interview format and potential questions. Research the scholarship organization's values, goals, and previous interview experiences to gain insights into their expectations.  B. Practicing Interview Skills: Practice answering common interview questions and developing concise, articulate responses. Consider participating in mock interviews with friends, mentors, or career counselors to refine your communication skills and build confidence.  C. Showcasing Your Qualities: During the interview, emphasize your passion for your chosen field of study, highlight your achievements, and articulate how the scholarship will contribute to your personal and professional growth. Demonstrate your commitment, adaptability, and ability to thrive in a multicultural environment.  8. Additional Funding Options  A. Crowdfunding and Online Platforms: Explore crowdfunding platforms and online scholarship databases that connect students with potential donors or sponsors. Craft a compelling campaign to appeal to individuals who may be interested in supporting your educational journey.  B. Employer Sponsorship: Check if your current or future employer offers sponsorships or educational assistance programs for employees pursuing higher studies. Some companies provide financial support to employees who contribute to their organization's growth and development.  C. Alumni and Community Associations: Investigate if there are alumni or community associations related to your desired field of study or university. They may offer scholarships, grants, or mentorship opportunities to support students from their community.  9. Keeping Track of Deadlines and Opportunities  A. Organizing a Scholarship Calendar: Create a calendar to track scholarship application deadlines, submission requirements, and any upcoming opportunities. This ensures that you don't miss out on potential scholarships or important dates.  B. Stay Updated with Scholarship Announcements: Regularly check scholarship websites, educational forums, and social media groups focused on scholarships. Subscribe to newsletters or mailing lists that provide updates on scholarships for Indian students studying abroad.  C. Seek Professional Assistance: Consider engaging with educational consultants or scholarship advisors who specialize in helping Indian students secure scholarships for studying abroad. They can provide personalized guidance, recommend suitable opportunities, and assist with application preparation.  Securing a scholarship to study abroad as an Indian student requires dedication, thorough preparation, and effective application strategies. By researching scholarships, crafting a compelling application, seeking guidance, and exploring various funding options, you can increase your chances of turning your educational dreams into a reality. 

In the previous article, we discussed what is a better asset to invest in a child's future? Its common knowledge that parents should start investing in child's education. But when should you start? How do you start? In this article, we will talk about when to start investing in a child's education? Saving up for children's education is a daunting task for parents. The question "when should you start to save for your child/children's education has a universal answer. The answer is "as early as possible".   Every parent aspires to provide their child with the most extraordinary life possible. Parents, particularly when it comes to their children's education, are always looking for methods to stay one step ahead.   Parents that take a proactive approach and invest methodically from an early age can protect their children's futures. As a result, financial planning is critical for achieving a goal as important as supporting a child's education.   https://www.youtube.com/watch?v=wUiUws6L2aY Time is the most critical component. The powerful notion of compound interest benefits you more the longer you invest.   Education costs are rising faster than inflation. As a result, the expense of sending your child to a university or college will almost certainly double every six to seven years.  An undergraduate course at the Indian Institute of Technology (IIT) costs around 2 Lac per year. The IIM charges roughly 20 lakhs for a two-year diploma program.   Starting investing early is the only way to protect your wealth against inflation and save enough money to send your child to a prestigious college.   While the annual rate of return and the original investments are essential, the length of time you invest the money is the most crucial element. So, if you want to put money aside for your child's education, get started immediately.  Example   Let us take an example to understand why you should not delay the investments for your child's future education:   Two mothers, Anita and Archana, want to save for their respective daughter's education. Both intend to save money and invest a lump sum of Rs 2,00,000 in equity-focused mutual funds (offering 12% per annum yearly returns).   However, the difference is that Archana made the lumpsum investment when her daughter turned ten years old, while Anita invested as soon as her daughter was born.   So, the time horizon for Archana is eight years and the time horizon for Anita is 18 years. Let us see the difference between the accumulated amount at the end for both mothers.    Anita will have Rs 15.3 lakhs for her daughter's college by the time she is 18, while Archana will have only an approx. Of Rs 4.9 lakhs. In other words, by investing ten years sooner, Anita could save over three times as much as Archana.  The visual below gives a good representation of the example:  In the above example, Archana and Anita put money into the same mutual fund. The amount they invested and the rate of return were identical.   The only variation was the investment period. Anita continued to save for another ten years, but her final corpus was three times that of Archan.    For savers hoping to build money through compounding, time is everything. FAQs When to start investing in child's education? Ideally parents should start investing in their child's education before they are born. This can help them keep up with the rising costs of education that is growing at faster rate of inflation than income. Planning, investing and saving for a long duration allows one to take advantage of compounding. Why parents should invest early for their child's education? Parents should invest early for their child's education because education is costly. The cost is increasing every year due to high competition and education inflation. Saving and invest early on can help them take advantage of investment assets like mutual funds, ETFs, stocks that can beat inflation and help them preserve the value of your money. What age is too late to start investing for your child's education? Its never to late to start investing. You can start with low-risk investments that can help you save up more in a short duration. You can consult a financial advisor to figure out your options based on your risk appetite. Consult an expert advisor to get the right plan for you TALK TO AN EXPERT

CBSE board is one of the most preferred education boards in India. This board is extremely popular with most Indian schools and highly prevalent in public schools. If you are a parent who is planning to enroll your child in a CBSE-board school, then here are some advantages and disadvantages of CBSE to weigh your decision.  Advantages and Disadvantages of the CBSE Board  Central Board of Secondary Education (CBSE) is a popular education board in India, which is preferred by many students and parents. However, like any other education board, CBSE also has its own set of advantages and disadvantages. In this article, we will discuss the various advantages and disadvantages of the CBSE board.  Advantages of CBSE Board  Comprehensive Curriculum: The curriculum offered by the CBSE board is designed to cater to the overall development of the students. It emphasizes not only academic knowledge but also encourages the development of critical thinking, problem-solving, and decision-making skills.  Nation-wide Acceptance: The CBSE board is recognized all over India, and the syllabus and examination pattern are uniform across the country. This makes it easier for students to switch schools, cities, or states without any difficulty in adapting to the new education system.  Common Entrance Exams: Most competitive entrance exams for engineering, medicine, and other professional courses are based on the CBSE syllabus. Hence, CBSE students have an edge over students from other boards when it comes to cracking these exams.  Focus on the English Language: CBSE schools place a strong emphasis on the English language, which is important for students looking to pursue higher education or jobs in India or abroad.  Ways to save for child education? Read More Disadvantages of the CBSE Board  Heavy Syllabus: The CBSE syllabus is extensive and can be overwhelming for some students. The board expects students to cover a vast number of topics, which can leave little time for extracurricular activities or pursuing hobbies.  Rote Learning: The CBSE board often focuses on rote learning, which can be a disadvantage for students who prefer a more practical approach to learning.  Limited Choice in Electives: The CBSE board offers limited choice in electives, which can be a disadvantage for students who are interested in pursuing subjects that are not part of the CBSE curriculum.  Limited Scope for Creativity: The CBSE board focuses more on academic achievements, leaving limited scope for students to explore their creative side.  Best child investment plan Read More Additional points to consider for CBSE Board  Emphasis on Science and Math: The CBSE board places a strong emphasis on science and mathematics, which can be an advantage for students interested in pursuing a career in these fields.  Continuity in Education: The CBSE board offers a smooth transition from secondary education to senior secondary education, as the curriculum is designed to build upon the knowledge gained in earlier years.  Teacher Training: The CBSE board provides adequate training to teachers, ensuring that they are equipped to deliver the curriculum effectively. This can be an advantage for students as it ensures quality education.  Limited Regional Language Exposure: The CBSE board offers limited exposure to regional languages, which can be a disadvantage for students who want to learn and explore their native language.  Heavy Reliance on Exams: The CBSE board places a heavy reliance on exams, which can be stressful for students who do not perform well under pressure. The board has been taking steps to reduce the emphasis on exams and promote continuous evaluation.  Lack of Flexibility: The CBSE board follows a rigid syllabus and exam pattern, leaving limited flexibility for schools and teachers to customize the curriculum to meet the needs of students.  Continuous Improvement: The CBSE board is constantly improving its curriculum and examination pattern to keep up with changing educational needs and standards. This ensures that students receive a quality education that is relevant to the current industry needs.  Multiple Assessment Options: The CBSE board has introduced multiple assessment options such as internal assessments, practical, projects, and other forms of continuous evaluation. This helps to reduce the stress and burden of exams on students and promotes holistic learning.  Limited Exposure to Humanities and Social Sciences: The CBSE board places a lesser emphasis on humanities and social sciences, which can be a disadvantage for students interested in pursuing a career in these fields.  Lack of Emphasis on Vocational Education: The CBSE board has limited emphasis on vocational education, which can be a disadvantage for students interested in acquiring practical skills and pursuing vocational careers.  Limited Choice in Language Options: The CBSE board has limited choice in language options, which can be a disadvantage for students who want to learn additional languages other than the ones offered by the board.  CBSE board has its own set of advantages and disadvantages. While the CBSE board offers a comprehensive curriculum and nationwide recognition, it may not be suitable for all students. It's essential to choose an education board that aligns with the student's interests, learning style, and future goals! 

A college cost calculator is an online tool that helps students, and their families estimate the total cost of attending college. It considers various expenses such as tuition, fees, room and board, books and supplies, and personal expenses. The calculator also considers the financial aid options available to the student, such as grants, scholarships, and student loans. The estimated cost is based on the specific college or university the student plans to attend.  Factors Considered by a College Cost Calculator  A college cost calculator considers various factors when estimating the cost of attending college. These factors include:  Tuition and Fees: The cost of tuition and fees varies from one college or university to another. The calculator considers the published tuition and fees for the specific college the student plans to attend.  Room and Board: The cost of room and board is another significant expense when attending college. The calculator estimates the cost of on-campus housing and meal plans based on the student's intended living arrangements.  Books and Supplies: Textbooks and other supplies can add up quickly. The calculator estimates the cost of books and supplies based on the student's intended major and course load.  Personal Expenses: Personal expenses such as transportation and entertainment can vary greatly. The calculator estimates these expenses based on the student's residency status and lifestyle.  Financial Aid: The calculator considers the financial aid the student may be eligible for, such as scholarships, grants, and student loans.  Expected Family Contribution: The calculator considers the expected family contribution, which is the amount the student's family is expected to contribute towards the cost of attendance. This is based on the family's income and assets.  How long to invest in SIP? Read More EduFund's College Cost Calculator: How it Works?  EduFund is a platform that helps families save for their children's college education. One of the tools that EduFund offers is a college cost calculator. The EduFund college cost calculator helps families estimate the total cost of attendance for different colleges and universities and identify potential sources of financial aid. Here's how it works:  Select the College: To use the college cost calculator, the user first selects the college or university they are interested in attending.  Enter Basic Information: The user then enters some basic information about themselves, including their income, assets, and the number of children they have.  Estimate Financial Aid: Based on this information, the college cost calculator estimates the amount of financial aid the student may be eligible for. This includes scholarships, grants, and other sources of aid.  Estimate Total Cost: The college cost calculator then estimates the total cost of attendance, including tuition and fees, room and board, books and supplies, and personal expenses.  Compare Schools: The user can then compare the estimated costs for different schools and make informed decisions about where to apply.  Calculate College Cost How parents gave started saving with EduFund?  Many parents have started using EduFund's college cost calculator to estimate the total cost of attendance for their children's college education. Once they have an estimate of the total cost, they can use EduFund's other tools to start saving for their children's education.  One of the benefits of using EduFund's college cost calculator is that it helps parents set realistic savings goals. By estimating the total cost of attendance and the amount of financial aid their children may be eligible for, parents can determine how much they need to save each month to cover the cost of college.  Why choose EduFund's College Cost Calculator?  There are several reasons why families should choose EduFund's college cost calculator over other similar tools. Here are a few of the main explanations:  Accuracy: EduFund's college cost calculator provides accurate estimates of the total cost of attendance and the amount of financial aid the student may be eligible for. This can help families plan their finances and make informed decisions about their higher education.  Comprehensive: The college cost calculator estimates all of the expenses associated with attending college, including tuition and fees, room and board, books and supplies, and personal expenses.  User-Friendly: The college cost calculator is user-friendly and easy to navigate. This makes it easy for families to estimate the cost of attendance and start saving for their children's college education.  Customizable: The college cost calculator is customizable based on the user's unique financial situation. This ensures that the estimates provided are accurate and reflect the user's specific needs.  Additional Resources: In addition to the college cost calculator, EduFund offers other resources and tools to help families save for college. By choosing EduFund's college cost calculator, families can ensure that they are getting accurate estimates of the cost of attendance and can start saving for their children's college education with confidence.  Conclusion  EduFund's college cost calculator provides families with a powerful tool to estimate college expenses and identify potential financial aid. By leveraging accurate information, families can make informed decisions and take proactive steps toward saving for their children's education. 

In the previous article, we discussed how to finance a child's education post-pandemic? In this article, we will discuss tax benefits of spending on a child's education. The income tax department has a particular framework for specific allowances and exemptions that you can claim on the money you earn in a financial year.   One such allowance is your child's education allowance. Everyone who plans to pay tax under this category should be aware of a lot of relevant information.   Because children's education is a significant financial investment for a parent, there are various benefits available to taxpayers.  For some salaried individuals, paying school or education fees for children can be a part of their salary structure. Let us also discuss the additional deductions available under section 80C of the Income Tax act of 1961.   Deduction of payment made towards Tuition fees under section 80C   A parent can deduct the amount paid to a university, college or school, or other educational institution as tuition fees.   Other fees, such as development and transport, are not eligible for section 80C deductions. In a financial year, the maximum deductions on tuition price payments, coupled with other deductions for insurance, provident fund, pension, and other expenses, is Rs 1.5 lakh.  Eligibility of tuition fees for claiming this deduction Only a single parent, guardian, or sponsor is eligible for this deduction for each individual; the deduction can be for a maximum of two children. As a result, four children's deductions can be used by two parents each.   Every year, each parent can claim a deduction of up to Rupees 1.5 Lacs in total. Please note that the total deduction amount under sections 80C, 80CCC, and 80CCD for each parent cannot exceed INR 150 000.   Deductions are available regardless of whatever class the child attends. Even if connected with a foreign university, the institution or college must be located in India only. The deduction is available only for full-time educational courses.  The deduction is allowed only on a paid basis, not on a payable basis. For example, if a parent pays a fee in April 2020 for the quarter ending March 2020, the price will be eligible for a deduction in FY 2020-21.  Source: Pixabay Non-eligibility of payment towards tuition fees Payments towards development fees, donations to charities, private coaching centers, or other expenses such as hostel expenses, mess charges, library charges, or similar payments are not eligible for a deduction.   It is impossible to claim a tax deduction for fees paid for part-time courses. School fees paid for spouse, self, brother, sister, mother, or any other relative than children are not eligible for a tax deduction.  Also, fees paid to foreign universities situated outside the geographical regions of India are not eligible for this deduction.  How to claim the deduction?   You have to complete a set of actions to claim tax benefits on tuition fees, and the methods outlined below will assist you in collecting your tax benefit.   To the employer, submit the receipt produced by the educational institution for the payment made in the current fiscal year before providing the proof at the end of the fiscal year.   Show the tuition fee paid in form 12BB. When submitting an income tax return, unsalaried individuals must claim the deduction under the VI-A schedule by demonstrating the fee paid under section 80C.   Note that the educational fee allowance under section 10(14) and the deduction for tuition fees under section 80C are not the same. The prescribed limits can claim the two different provisions under the Income Tax Act of 1961.   Tax deductions can help you save money during your child's early years of education. Also, you must not forget to develop a long-term strategy for higher education. FAQs How can you save taxes on your child's education expenses? For some salaried individuals, paying school or education fees for children can be a part of their salary structure. Let us also discuss the additional deductions available under section 80C of the Income Tax act of 1961.   Deduction of payment made towards Tuition fees under section 80C   A parent can deduct the amount paid to a university, college or school, or other educational institution as tuition fees.   Other fees, such as development and transport, are not eligible for section 80C deductions. In a financial year, the maximum deductions on tuition price payments, coupled with other deductions for insurance, provident fund, pension, and other expenses, is Rs 1.5 lakh. How to claim your deduction? To the employer, submit the receipt produced by the educational institution for the payment made in the current fiscal year before providing the proof at the end of the fiscal year.   Show the tuition fee paid in form 12BB. When submitting an income tax return, unsalaried individuals must claim the deduction under the VI-A schedule by demonstrating the fee paid under section 80C. What education expenses cannot be claimed? It is impossible to claim a tax deduction for fees paid for part-time courses. School fees paid for spouse, self, brother, sister, mother, or any other relative than children are not eligible for a tax deduction.  Also, fees paid to foreign universities situated outside the geographical regions of India are not eligible for this deduction. Consult an expert advisor to get the right plan for you TALK TO AN EXPERT

In the previous article, we discussed what are mutual funds. & Taxation in mutual funds. In this article, we will discuss how to track mutual funds. Making mutual fund investments is just the first step. Once the investment has been made, periodically tracking it becomes equally crucial.   Most of us seek advice and do our due diligence before choosing our mutual fund investments. However, once things are done, we typically forget about them until a need arises.  Nearly everything, including your car and health, requires routine maintenance; the same is true for your mutual fund investments.   While you might not need to regularly monitor your portfolio, it is always a good idea to keep yourself informed of its growth and changes.   A fund fact sheet will help you to monitor your mutual fund investment easily. It is a progress report for your investments, similar to a report card.   What is a Fund fact sheet?   A fund fact sheet is a document that lists every scheme that the AMC or mutual fund managers. It is presented in an easy-to-read manner and is issued monthly by the fund house. It contains the following information:   Performance of the schemes: It gives the performance information in terms of beta, Sharpe ratio, standard deviation, and the compound annual growth rate or CAGR of the fund.   The fund factsheet also outlines how your investments have been distributed among different securities.  Size and investment information for each scheme that the mutual fund managers.   Reviewing the fact sheet, which is easily accessible on the mutual fund website, is a great way to keep track of your mutual fund holdings.  What are mutual funds? Read More How to track mutual funds' performance?   The mutual fund websites list their net asset value (NAV). The mutual fund company's chosen index, which is a benchmark for its performance, is available for comparison.   To know how your fund performs, you should also compare it with other funds in the same category. The performance of a mutual fund scheme cannot be assessed in isolation.   Some specialized websites track the performance of mutual funds in addition to the fund fact sheets of the schemes. Over a monthly, quarterly, or half-yearly time frame, you can monitor how your scheme is doing compared to its counterpart in the same category.   It is always good to keep an eye out for the main characteristics and adjustments listed below that could impact the funds' performance.   It is advisable to monitor the portfolio's turnover and changes in management.  While it is typical for management to change over time, a frequent change in the fund manager may be a red flag. A change in fund manager frequently results in a shift in investment style.   To ensure the investment goal is intact in such a situation, it becomes equally necessary to monitor the changes in your portfolio.    Also, the concern should be raised if your mutual fund portfolio consistently experiences high churn or turnover. High returns do not always equate to increased churn.   On the contrary, it can cause more significant damage as rising transaction costs eat into your returns. In other circumstances, more churn may also indicate a short-term concentration.   A short-term emphasis may produce more enormous profits in the near term, but in the long run, it may leave your portfolio weak and exposed to unnecessary risks.   When looking for the warning signs mentioned above, it is advisable to give any mutual fund scheme at least six months. It might be too soon to assess the scheme's performance following any adjustment after a month or a quarter.   Don't let your fund's short-term performance outriggers affect you; give it time to establish itself and achieve the investment goal.   It is good practice to keep track of your mutual fund investments on a timely basis, though not very frequently.  FAQs How to track mutual funds' performance? One way to track your investment is through the mutual fund websites list their net asset value (NAV). The mutual fund company's chosen index, which is a benchmark for its performance, is available for comparison.   To know how your fund performs, you should also compare it with other funds in the same category. The performance of a mutual fund scheme cannot be assessed in isolation. What is a fund fact sheet? A fund fact sheet is a document that lists every scheme that the AMC or mutual fund managers. It is presented in an easy-to-read manner and is issued monthly by the fund house. Who can track your mutual fund investments? It is possible to track your mutual fund investment by yourself. You can also have a financial advisor, or mutual fund portfolio tracker track your investment growth. Consult an expert advisor to get the right plan for you TALK TO AN EXPERT

Saving for your child's education is a long-term goal. A perfect balance between risk and return is important. Why mutual funds are ideal to fund your child's education because they satisfy both these requirements. A mutual fund managed by specialists and experts is a fantastic choice. Parents can either invest in the children's plans provided by fund houses or build a mutual fund portfolio, especially to pay for their children's education. Inflation in education-related expenses is bound to increase faster than average inflation.   Parents must look at investing options that will produce respectable returns over time and help them achieve their financial objectives because the expense of education is increasing by more than 20% annually.   In this regard, mutual funds rank among the most practical ways to build wealth for this purpose over the long term.   Choosing an investment product for your child's education can be challenging to fund your schooling. Your parents might have used bank fixed deposits, PPF, and actual gold.   To overcome inflation and generate the anticipated profits, you must make student decisions given the escalating cost of schooling. Long-term wealth creation is, usually, best accomplished with equity investments. They demand, nonetheless, particular knowledge.   Additionally, due to their volatility, you would prefer to invest in shares through mutual funds. Investing in mutual funds is the underlying stocks and securities that are professionally overseen by fund managers who have experience choosing them and are well-diversified.  The advantages listed below make mutual funds an excellent choice for saving your child's educational needs.   Source: pixabay 1. Diversification A mutual fund invests a pool of funds in a portfolio of numerous stocks and securities from different industries. Mutual funds can also invest in several assets, including bonds, cash, and commodities like gold.   By providing greater exposure to other equities and asset classes, this diversification lowers the risk of investing in a single stock or industry and enables better potential rewards.  2. Professionally managed The fact that mutual funds have a professional watch over them is a significant benefit. Professional managers use their extensive knowledge and experience to distribute assets wisely to minimize risk and maximize rewards for your money.   How to track mutual funds investment? Read More 3. Transparent Another critical advantage of mutual funds is the level of information provided to you. As an investor, you can track every investment and where the money goes.   The whole portfolio and investment strategy are disclosed, and a daily online update of the mutual fund's net asset value is given,  4. Allow small investments You can use mutual fund systematic investment plans to make frequent small investments to help you reach your long-term objective of funding your child's education.   With a SIP, you can invest a small sum, such as Rs 500 each month, and let the long-term growth of your money be fueled by the power of compounding and rupee cost averaging.  FAQs Is mutual fund good for child education? Yes, mutual funds are the best way to fund your child's education. They help you grow your child's education fund enough to beat inflation and keep up with the rising cost of education as well. Mutual funds are the best tool out there to help parents grow their child's savings steadily. Which type of mutual fund is best for child education? There are many mutual funds designed for a child's education that you can explore. The best way to start is to consult an expert, calculate the future cost of education for your child, build a financial goal, and then start investing based on the amount you need to save. You can do this for FREE using the EduFund App. Why you should invest in your child's future? By investing in your child's future, you can secure it for life. Education is the key to success, education fund helps beat inflation because it invests in equity-based funds that can potentially beat inflation, and provide good returns that help you keep up with the rising cost of education. Quality education is pricy and to compete with these costs you require more than simple savings, you require diversified investments. Consult an expert advisor to get the right plan for you. TALK TO AN EXPERT