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Amazing investment tips for a first-time investor

Amazing investment tips for a first-time investor

Life today is expensive and getting costlier. Education, housing and other costs of living are certainly not getting any cheaper. Your savings will only take you so far and thus, financial planning and investment have become a necessity today. Education planning in India is getting popular, especially for parents looking to send their kids to study abroad without taking out education loans. If you are a beginner investor, and thinking about child investment plans or other strategies, here are some things you should know. 1. Invest with a plan You should always invest with a plan. It is very important to be clear from the get-go about what your financial goals are. Investments in a house, investments for buying a car, investments for retirement, and investments for child education are all very different financial goals. Some financial goals require short-term planning while others require planning long-term.  For example, buying a car is a short-term goal, while creating a proper education plan for your child or planning for retirement are long-term goals. A diversified short-term investment plan is much more suitable for the former and a long-term investment scheme will be more useful for your long-term goals. If you are a beginner, it can be a good idea to invest with a financial service that manages your investments for you. A personalized and customized financial plan created by experts is useful when you are short on time or expertise yourself. If you want to create a solid education plan for your children, you can invest your money in mutual funds and ETFs through EduFund.  2. Educate yourself about the stock market While it may be tempting to leave everything to the experts and rest stress-free, that is not a very good attitude to have. You should educate yourself about what you are investing in and why. A lot of beginner investors follow trends and invest in whatever is being talked about the most. There is a chance of this being profitable in the short term but this definitely not a good long-term strategy. For that, you will need to educate yourself on the stock market. You need to understand how the stock market works and what it means when a stock rises or falls. What is a stock and what does it mean when you buy a stock? You should also educate yourself on the jargon. What is BSE, NSE, Sensex, Nifty, etc? What is the difference between investing and trading? First-time investors also need to specifically look at what they are investing in and learn as much as possible about it. If you are investing in ETFs, it is important to first understand what an ETF is and why they are so popular with beginner investors.  Sometimes, the experience can also be a teacher. When you enter the market as a rookie, you may make mistakes and suffer losses. Take these losses as a learning experience to understand what to do and what not to do. Knowledge is your friend when you are an investor and not all of this knowledge needs to be bookish. 3. Understand market risk When you invest your money into the market, you can either make a profit or suffer a loss. The more money you have invested, the more your exposure and consequent risk.  Volatile or trendy stocks and options can be risky. Balanced mutual funds, real estate, and high-income bonds are relatively low risk. Bank savings deposits, fixed deposits, and government bonds are the lowest-risk investments. As an investor, what you need to do is determine how much risk you are willing to take. It is always a good idea to start slow. Do not speculate too much too quickly. Rather, plan things out and invest according to your goals. Your risk tolerance will also differ depending on your financial goals. If you are investing to fund your child’s education plan, which is an expensive, long-term investment, you should not take unnecessary risks.  Diversification is a great idea to lower risk as this ensures that your invested principal is not tied up in only one thing. This balances out your risk. Investing in ETFs and mutual funds is a great way to do this. These funds are already diversified and their investment portfolio is structured and balanced to ensure relatively lower risk. 4. Invest in what you know We have recently seen big booms and falls in the prices of certain stocks like GameStop. A lot of people invested in these stocks due to the hype and media attention. While many of them made huge profits, when the stocks eventually fell, many investors ended up losing a lot of money as well.  This is a great example of what happens when you invest out of herd mentality, without fully understanding what you are investing in and why. While these types of investments can be good for a quick and sudden cash fall, they are completely inappropriate as a long-term investment strategy.  When you invest in a stock, you purchase yourself a stake in the company. As a stakeholder, you should do your due diligence about the company and its stocks. Understand how the company makes its money and stays profitable. If you don’t do this, you will not be able to predict or understand when a company’s stock may fall and put you in a financial crisis. If you don’t understand how or why a particular stock shot up, it's not a good investment. 5. Stay calm This is perhaps the most important aspect of investing. The stock market with its highs and lows can lure you into making impulsive, emotion-driven decisions. It is important to have self-control in these matters and stick to proven investment strategies rather than variable market trends. It is also equally important to understand that short-term market fluctuations, by and large, don’t affect your long-term investments in the long run. With financial goals like education plans and home ownership, any rise and fall in stock prices can make you nervous. But it is important to have faith in your long-term investments. If you have done your due diligence and research in picking the right plans and strategies for yourself, the only thing you need to do is relax and keep faith in your investments. Conclusion Investment is a strategy for creating wealth in the long term and requires patience, faith, knowledge, and planning. It is important to educate yourself as much as possible about all relevant issues and keep in touch with experienced advisors and analysts. With good advice, planning, and a solid portfolio, investing can help you achieve your life goals and dreams.
A simple guide to opening your first Bank account

A simple guide to opening your first Bank account

If you are a young college student, newly 18, it is time for you to get your own bank account. A bank account is not just a place to safely stash your money. More importantly, it enables you to make smooth and safe money transfers and transactions. You also have the opportunity to earn interest and thereby compound your savings or investments. As a young adult, you will be learning the basics of financial independence and responsibility. Your own bank account can be your first step towards that goal.  Let's start with the big question. Why should you get your own first bank account? 1. Financial Independence The foremost benefit of having a bank account is that it is the first step towards financial independence. As a teenager, your parents probably monitored and supervised all your financial transactions and purchases. Having your own bank account gives you a lot more discretion and agency over where and how to spend your money. Having this agency is crucial to your learning financial responsibility. Learning to make your own financial decisions and when to say yes or no to purchase is an important life skill. Being in control of your own bank account teaches you this.  2. Security A bank account is the most secure way of keeping and handling your money. Unlike cash transactions, bank transactions are secure and often even reversible. This is because banks take extra steps to ensure that the money is being sent to the right person. You also maintain a paper trail with these transactions. If you fear you have been a victim of fraud, you can even contact your bank to cancel a cheque or transaction. This lowers the risk of you becoming a victim of fraud or losing your money. Image by Annette Lusina on Pexels 2. Receiving payments & scholarships when you study abroad If you study abroad with a scholarship, you will most likely need an independent bank account. To receive these scholarships, stipends, or payments from any part-time jobs you undertake, a bank account is necessary. Having your own bank account means that these payments will come to you directly. Without your own bank account, these monies would have to be routed through a parent or guardian’s account. A major reason why students take the step of studying abroad is to learn independence. An independent bank account is part of this. As a young adult, it is important to be able to feel in control of yourself. Surely, the financial agency in this regard is important.   What kind of bank account do you need? 1. Savings Account There are many types of bank accounts but for most personal banking requirements, a savings account is the most appropriate. A savings account is the most common kind of bank account opened by individuals for personal banking purposes.  There is no upper limit or cap to the amount of money that can be held in a savings account although the number of transactions may have some cap. While most banks require people with savings accounts to maintain some mandatory minimum balance, this requirement is waived for accounts opened under the Pradhan Mantri Jan Dhan Yojana. Fortunately, accounts opened under this welfare scheme have a limit on the value of deposits made and the number of withdrawals, including ATM withdrawals, which are capped at 4 per month. Image by Expect Best on Pexels 2. NRI Account If you study abroad or plan on taking admitted in a foreign university, an NRI account may be a better option for you. These bank accounts are for Indian citizens or Persons of Indian Origin (PIO) residing overseas. These accounts provide benefits in terms of currency conversion, transferability of deposits, taxes, etc. There are three main types of NRI accounts: Non-Resident External (NRE) Accounts - NRE Accounts hold funds in Indian Rupees (INR). This means these accounts can be used to deposit funds in other currencies which get converted into INR. These accounts can be used as savings accounts for income earned abroad as no tax is levied on the interest generated by these accounts.  Non-Resident Ordinary (NRO) Accounts - These accounts can be used to deposit funds in both INR and foreign currencies. If you already have an ordinary resident bank account, you can convert it to an NRO account when you move to study abroad. These accounts can also be used to send money from India to overseas. Interest earned on income in an NRO account is liable for TDS (Tax Deducted at Source). This type of account may be the most appropriate first bank account for you if you plan on going to study abroad.  Foreign Currency Non-Resident (FCNR) Accounts - FCNR Accounts can be opened and maintained in a foreign currency approved by the RBI, including US Dollars, Australian Dollars, Sterling Pound, Euro, etc. These accounts can be used to maintain long-term deposits. The interest earned on deposits in FCRN Accounts is non-taxable. What are the documents needed for your first bank account? The two documents that are mandatory to open a bank account in India are an Aadhar card and a PAN card. Aadhar is the foremost single valid proof of address and identity for Indian citizens. A PAN is a 10-digit unique alphanumeric number used by the Income Tax Department of India to track transactions and payments for tax purposes. These are both needed for KYC requirements. If you don’t have either of these documents, you need to apply for them first. You can apply for an Aadhar online through the UIDAI website and for your PAN through the NSDL website.  If you have your Aadhar and PAN cards, you can either apply for a bank account online or by visiting your nearest branch. You will need to fill the appropriate forms and submit copies of your Aadhar and PAN cards along with two photographs. Depending on the bank other documents may be required and you should check the bank website or call ahead to confirm.  What next? Once you have submitted the appropriate forms and documentation for KYC, the bank should take a day or two to verify your details or reach out for any clarifications or errors. Once your documents are verified and your account is validated, you can receive your Bank Passbook, Cheque Book, and Debit Card from your bank. Your bank will give you a PIN for your debit card which you will be expected to change by selecting a new one through an ATM of the same bank. It is also a good idea to request internet banking facilities be made available to you, especially if you plan on going to study abroad. You may have to fill out a separate form for this.  With this done, congratulations! You now have your own first bank account! Your first bank account is one of the many first steps you will take as you enter adulthood. Consult an expert advisor to get the right plan TALK TO AN EXPERT
How to prepare for the First Year of Studying Abroad?

How to prepare for the First Year of Studying Abroad?

Have you ever wondered what the first year of studying abroad looks like? If your education plans involve moving overseas, then you may have harboured some daydreams of what an international education actually feels like.  What does it actually involve? What can you expect? Would it be everything you thought it would be? Is studying abroad worth it? These and a thousand other questions may be swimming in your head. What are some things you can expect in your first year of studying abroad? Well, read on to find out. Image by Frederico Orlandi on Pexels The Initial Euphoria The success of your education plans and study abroad dreams as well as the thrill of setting foot in a brand new country will bring about an initial euphoria. After all, this is what you always dreamed of. It is always exciting to embark on a new adventure. Everything is new, everything is unfamiliar and that brings a sense of discovery and inspiration.  Orientation week can be quite an adventure as you get to explore the campus and meet new people. While these first few weeks can be anxiety-inducing, they are also quite thrilling. You should take advantage of the light workload in these few weeks to explore the city and other surroundings. Talk to your classmates and roommates and go out for parties and outings with them. Once college starts in earnest and the workload increases, you may not have the time anymore. This is the perfect time to make new friends and find new haunts. Connections and discoveries made during this period will be useful to you for your entire college life. The Subsequent Culture Shock Once the euphoria of new adventures fades, you will be hit with culture shock. Starting a new life in a new country comes with a variety of shocks. After all, this is an entirely different place with an entirely different culture. The people here are different, they live differently, act differently, socialising with them is a completely different experience. Not to mention the food, lifestyle, even teaching can be different from what you are used to. It is important to stay in touch with home and family during these times. Being connected to family and friends back home helps with the alienation caused by the culture shock. Image by Ketut Subiyanto on Pexels Along with the culture shock, you may also experience a degree of homesickness when you study abroad. Living away from family and friends can take its toll. Since you are completely new to the country, you don’t have anyone with whom you have a deep connection yet. This means you don’t have anyone to share your feelings and thoughts with.  This loneliness can be combated by keeping in regular touch with those close to you back home. However, sometimes video chats and phone calls don’t cut it. Sometimes you need someone to be physically there for you. Do not hesitate to talk to your college’s counsellor or psychologist. Counselling and guidance can help you overcome culture shock and homesickness. Your college counsellors are also most likely experienced in dealing with international students and their issues.  Remember that the culture shock is temporary and you will soon start to adapt and fit into your surroundings. More Responsibilities College life brings you a new set of responsibilities. The fact that you now live on your own means that you will have to deal with these responsibilities on your own. You no longer have your parents to rely on for emergencies. You have to develop the life skills and confidence to deal with issues on your own.  Image by Breakingpic on Pexels You will have to learn to do your own chores and run your own errands. You will also have to learn how to create your own budget. Now that you live on your own, you will need to learn to become a responsible adult. You may also have to take up a part-time job or a side hustle.  College life will be your first step into responsible adulthood. This will include learning new skills both big and small, from doing your own laundry to creating financial plans and budgets. All of these skills, big and small, make you a well-rounded adult. Embracing Multicultural Learning Embracing a global education also means embracing a multicultural education. The diversity of cultures, nationalities and ethnicities in foreign universities makes study abroad a learning experience in more ways than one.  Just like the culture shock of landing in a new country, the culture shock of a multicultural classroom can initially be a bit much. However, you will soon discover the benefits of multicultural learning. In a classroom with people of different ethnicities, you will get more well rounded and diverse views on the same topics. This makes learning in an international environment a much more wholesome educational experience. Being in a multicultural environment also helps you develop versatile social skills. Interacting with diverse people will help you understand how to make friends and connect with people across social and cultural boundaries. This can be a big advantage for you when you enter the job market. Multicultural experiences make you more desirable for companies that operate internationally or have a global clientele. Acceptance The first year of studying abroad can be challenging. With the culture shock, the struggle of juggling classes and coursework with non-academic responsibilities, and the many other struggles, hopefully, you will reach acceptance.  Image by William Fortunato on Pexels At the end of your first academic year abroad, you should be able to accept and embrace your new life as an international student. This is the final stage of any new life adventure. This is when you have discovered all the possibilities as well as limitations of your new life and learnt how to adapt to them. You will have met new people, formed new connections and settled into life in a foreign country. Only it's not so foreign anymore, is it? You now have a new home.  Studying abroad is a process of discovering yourself and discovering new homes for yourself. You find new niches that you are good at, and meet new people that you relate to, sometimes unexpectedly. All of this enables you to accept not only your new life but your new self. Bottomline Going to study abroad can be both challenging and intimidating. College is scary by itself for new high school grads. When you add in the stress of acclimating to a new country and a new cultural environment, it can all seem a little much.  Your attitude matters when it comes to international education. You need to look at it as a new adventure. It is an adventure that will give you some grief but eventually help you become an adaptable, resilient and versatile individual.  We believe in you!
Guide to spending wisely: College Student Edition

Guide to spending wisely: College Student Edition

When you study abroad, financial responsibility is an important life skill to learn. The first step to becoming a responsible adult is learning how to manage your finances. If you have read our guide to budgeting, you probably have an understanding of the basics of financial planning and budget making. However, unless you learn how to manage your spending habits, you may find your financial planning and budgeting to be futile. Learning how to spend wisely enables you to remain true to your budget and helps you develop financial responsibility.  Here is our guide to spending wisely so that your finances can back up your education plans and dreams.  Guide to spending wisely 1. Recognise & cut unnecessary expenses It is common for young college students to simply not be aware of where their money is going. This is not something to be embarrassed by, you are still young and inexperienced, but it is definitely something to take notice of and correct. You should know what you are spending your money on and if those expenses are justified. A financial plan and personal balance sheet may be very helpful resources in tracking these expenses. Once you do have a list of your expenses, pick out the ones that you know are unjustified. Be firm and disciplined in this, do not cut yourself any slack. If required, you can ask a parent, a trusted relative, or an older sibling to help you pick out your unnecessary expenses. Once these expenses have been sorted out, it is your responsibility to cut down on them. Unnecessary expenses commonly include things like eating out at restaurants too frequently, too many subscriptions to streaming services, and unnecessary shopping and gaming. This is not to say that you should not spend on these things at all. You should certainly indulge in some discretionary spending, but it is important to be able to keep it as minimal as possible. 2. Make shopping lists Planning your purchases in advance is a great way of managing your discretionary spending and avoiding impulsive purchases. You should certainly plan all big purchases, like electronic devices for vehicles, but even for relatively small purchases, it helps to have a shopping list. Make shopping lists when you go to buy groceries or when you go to the mall for clothes shopping. Stores are often constructed in a way that they captivate customers and entice them into making impulse purchases. By having a shopping list or at the very least a shopping budget or allowance, you force yourself to stay focused and consider your items thoroughly before you purchase them. Shopping lists also help you pick exactly what you need and leave the store quickly. This reduces the chances of making an impulse buy. 3. Use student discounts & campus facilities Going to study abroad has benefits, amazing campus infrastructure and amenities are just one of them. Foreign universities have sprawling campuses with facilities like recreational centers, gyms, swimming facilities, game centers, etc. As a student there, especially if you live in the dorms, you will have full access to these facilities. It is a good idea to make full use of these. You are already paying tuition and other fees to attend college, it only makes sense to get your money’s worth. In addition to using these campus facilities, you should also make use of student discounts wherever you can. A lot of restaurants and cafes around college campuses offer student discounts as do places like hair salons and beauty parlors. You can access public transport for free or at a much more discounted rate if you get a student pass. Similarly, many airlines offer student discounts for college students traveling to see their families. This can be of special help for you when you study abroad. 4. Pay your bills on time You may be forgiven for not knowing this as a young adult, but every time you don’t pay a bill on time, it accrues late fees. Not paying your rent, utility bills, or library dues on time can cause you to accumulate late fees and surcharges that can easily overturn your entire budget. It is important to avoid these late fees at all costs. Set reminders for yourself for all upcoming billing dates and pay your bills before that date. Most bills are due by the first week of any given month. On the last week of each month, make a list of all your bills and set aside money for them even before you have received any. As soon as you receive your allowance from your parents or scholarship, or as soon as you get paid from your part-time job, pay your bills.  Late fees are not only a needless financial drain, but they can also seriously affect your credit scores and make it difficult for you to rent a house or get any credit or education loans in the future. Paying your bills on time is not only important to stay out of debt, it is also a good monetary habit crucial for any adult.  5. Avoid retail therapy Retail therapy is probably the easiest way of picking up your spirits when you are down. It is also one of the easiest ways to develop a shopping addiction and fall into debt. This is especially true if you use credit for shopping online or in stores.  Shopping when you are in a bad mood is a bad idea. Buying new things gives us a short rush of endorphins. This means you are more likely to make impulse purchases or buy things you don’t need. Shopping when you are intoxicated or late at night when you are sleep deprived or stressed is an equally bad idea because your judgment will most likely be impaired. This encourages you to make bad purchase decisions that can overstretch your budget and cause big regrets down the line. Image by Andrea Piacquadio on Pexels A much better way to deal with your emotions when you are feeling low is to go for counseling. Your college probably already has facilities for counseling students and you should make good use of those facilities. When you study abroad, away from your parents, families, and support systems, it is easy to fall into despair or depression. Appropriate counseling and guidance can help you deal with those feelings in a healthy way. Key takeaways Learning how to spend wisely and inculcating good monetary habits are crucial life skills for any young adult. Not all lessons you learn in college will be learned inside a classroom. Some lessons you will have to teach yourself through self-experience. Financial accountability and responsible spending habits are one such lesson. While it may all seem too complicated and too much right now, it is all part of growing up and becoming a sensible and responsible adult! Consult an expert advisor to get the right plan TALK TO AN EXPERT
8 Side Hustle Ideas For College Students

8 Side Hustle Ideas For College Students

College can be expensive, especially when you are studying overseas. The education fund investment and planning your parents undertook for you should be enough to cover your tuition and housing. However, a side hustle can help you earn some extra disposable income to offset an overstretched budget. Here are some side hustle ideas for college students across the globe! Easy Side Hustle Ideas for College Students A side hustle is basically a part-time job that you can do in your free time when you are not engaged in classes or coursework. You need to pick a job that is easy, requires skills you already possess and fits into your schedule as a college student. 1. Freelancing Freelancing can be an easy and flexible side hustle for college students. Freelancing involves offering your skills or services for hire on a contract or project to project basis. Depending on your skill set you can freelance as an artist, a writer, a programmer or developer or a translator. Freelancer marketplaces and platforms like Fiverr and Upwork let you take up projects and clients on a flexible schedule which is perfect for students. Additionally, freelance work can be done remotely and you do not need to go to an office. This is great for students who study abroad and may not have a car or a license. 2. Tutoring Tutoring is a great option for you if you like working with kids or teaching. You can offer personalised tutoring services for highschool students, especially students who are starting to apply to colleges. These students can benefit from your experience with college applications and admissions. You can offer them both education and mentorship.  If you are studying abroad and worried about not being able to connect with non-Indian students, or if you do not have a car to move around, you can offer to tutor online. Holding online classes saves you time and enables you to offer your services to a much larger potential demographic. 3. Sell Hand-made Crafts & Products If you are creatively inclined and skilled in arts and crafts, you could make some money selling your work online. Products like hand-made candles, soap, decor and knickknacks sell really well on marketplaces like Etsy and through social media. You can start by starting an Instagram or Facebook page advertising your products to students on your campus. After that, you can expand your little business on other platforms.  Keep in mind that your college may have rules or guidelines in place if you are starting your business from your dorm room. If you are making products like soap, that involve harmful chemicals, you may have to get special permission and take appropriate precautions. 4. Get A Retail Job Retail jobs are jobs that involve selling products or dealing with customers or inventory in a retail store. These jobs have been traditionally popular with students who go to study abroad. You can work as a sales representative, as a stockist, or as a cashier.  These jobs may seem like they are trivial or unsubstantial, but they teach you a lot of real-world skills that you can later bring to the job market when you graduate. They teach you the basics of sales, inventory, accounting, and customer management. They also give you the experience of working in a real workplace environment with co-workers, managers and bosses. Retail jobs can be a real learning experience. 5. Get A Restaurant Job Jobs working in a cafe, restaurant or coffee shop are also popular with college students who study abroad. In fact, you may not even have to go off-campus for one of these jobs. Usually, cafes and coffee shops on college campuses have barista, wait staff or line-cook jobs available for students.  The benefit of restaurant jobs, especially if you are a server or wait staff is that you can earn money on top of your salary through tips. This makes these jobs quite lucrative. Like retail jobs, restaurant jobs can also teach you valuable skills like customer management, order management and accounting.  6. Food Delivery Service If you have a vehicle, like a car or even a bicycle, you may be able to work as a food delivery person. You can work with a restaurant directly or work through a food delivery service application. These jobs can pay well and, just like with waitering, you can expect to rely on tips as well which can be lucrative. A downside of food delivery is that it can be time-consuming and involve a bit of travel. However, college campuses house hundreds of students and faculty who tend to order a lot of food. This means you may not even have to travel to far-flung areas to deliver your orders. Your location may be able to offset some of the downsides that are usually typical of food delivery gigs. 7. Library Assistant If you are an international student with big study abroad dreams but not enough knowledge of the job market in a foreign country, you may like to work close to campus. Campus libraries are always looking for extra help with reshelving books and managing the lending software.  A library assistant job will keep you close to campus so you do not have to worry about traveling to and fro and missing classes. It can also be extremely rewarding, especially if you are a book lover. Being familiar with your college library will also be useful during exams and assignments. You may even be able to snag important and popular books before someone else issues them out! 8. Get Paid For Taking Online Surveys Marketing research companies are constantly looking for data on consumer behavior and preferences to improve their products and advertisements. These companies often pay people to take surveys for them so that they can sell this data to product designing and manufacturing companies and ad agencies. This is a good side hustle that does not even require you to leave your dorm room. You can squeeze in some questionnaires and short surveys in your free time and get paid for them! Bottomline Your parents have, no doubt, given you everything to the best of their ability, investing in education fund trusts and taking on education loans for your future. However, as you grow into adulthood, it is time for you to start learning to take responsibility for your own income. One of the things that makes your decision to study abroad truly worth it is the independence and self-sufficiency it teaches you. A part-time job can teach you the hard work it takes to earn real money out in the world. Being on your own in a foreign country is a unique adventure that you should take full advantage of. A side hustle can be part of that adventure!
5 steps to apply for art school admission

5 steps to apply for art school admission

If you are of an artistic bent, becoming a professional artist must have crossed your mind at least once. Art is exciting, certainly more exciting than being buried in spreadsheets in a corporate job. It is through art, and through art only, that we can realise our perfection.” Oscar Wilde But what does art as a profession really entail? What are the things you need to know? What kind of education plan do you need to follow? Is a scholarship enough or do you need an education loan? Also, how do you make money from an art degree anyway? Well, here are some things you can do. Image from pixabay on Pexels 1. Knowing your education & career options Art degrees are not really as monolithic as you may think. They can lead to many different career avenues. As a matter of fact, there are many different kinds of art degrees! You have to figure out which degree is right for you. A Fine Arts degree is quite different from an Applied Arts or Design degree. In addition, there are specialized design degrees like graphic design, fashion designing, web designing, and many more. Fine arts, similarly, has specialized degrees in fields like painting, sculpture, printmaking, and so on. There are also degrees and disciplines that are loosely allied with arts but have different scopes and interests, for example, art history and curation.  Not all artists spend all their time in their studios or make money the same way. Design degrees can get you a well-paying corporate or freelance career. Fine arts degrees can also be lucrative, especially if you plan on teaching. It is important that you determine what kind of art course you want to take to understand the career options that would be available to you. 2. Finding the best fit Once you have determined what kind of degree and career path you want to undertake, you need to find a university or school that would be the best fit for you. Art school is one career path where studying abroad is worth it and makes a lot of sense. This is because universities abroad offer much better infrastructure, networking, and job opportunities, all crucial for any budding artist.  Image from Andrea Piacquadio on Pexels Research universities that are the best fit for you. This involves looking at their location, faculty, infrastructure as well as funding opportunities. Make sure that the university you are choosing is a good fit for the kind of artistic career path you have in mind. Choosing the right university is crucial to your education plan if you want to study abroad. 3. Convincing your parents If your parents are encouraging and supportive of your choice to pursue an art degree, that’s great! You are lucky! In fact, you are part of a lucky minority. Most parents tend to be a little iffy about any non-traditional career paths. If your parents fall into that majority, you may need to sharpen your persuasion skills a little.  Talking to your parents and persuading them is not as difficult as you may think. What you need to do is research and prepare a proper education plan. This plan is to show your parents that you have properly considered the details and intricacies of your decision and are prepared for any issues that might pop up. Image by Rodnae Productions on Pexels If that does not work, you can take the help of an education and guidance counselor. Counseling can help bridge the gap between you and your parents and bring them on the same page as you. Education counseling can also help you smooth out any kinks in your education plan. It can help you come up with comprehensive and pragmatic solutions that will enable you to follow your passions without reaching a career dead end.  You can even look for education counseling online if in-person sessions are not possible. 4. Securing Funding Art school is expensive. Not just tuition costs, but the costs of procuring materials and art supplies for projects and assignments can get pretty high.  You should look into the websites of the colleges you are applying to and talk to the admissions officer about funding opportunities. Look into the kinds of scholarships they have available and that their students and alumni have availed. Research one-time grants or fee waivers that you may be eligible for. You may need to secure an education loan. In that case, you should try to familiarise yourself with them. Find out how to apply for an education loan, the procedure, documents required, interest rates, repayment rules, etc. It could also be helpful to use an education loan calculator to figure out how much you can borrow and how much you would have to repay.  Talk to your parents because they are likely to have investments and savings set aside for your education. Education funding can be stressful but it is a necessary part of higher education planning. 5. Creating A Portfolio Portfolios are important when you are applying to an art school. A portfolio is a collection of your best work that basically acts as your resume. It presents the work you have done and are capable of doing so that admission committees can judge your skills and workmanship. A portfolio should therefore feature your best work but should also be diverse. You want to show people that you can do more than one kind of artwork and have more than one skill set.  You should refer to the websites of the universities you are applying to find out what they are looking for in a portfolio. Talk to admissions officers and current students and alumni of that university. You can also try to go online and look at other people’s portfolios to get an idea of how you should structure your own and what kind of artwork you should include. A portfolio contains artwork that is not just simply pretty to look at but also showcases the versatility of skills. For example, a simple landscape may be pretty to look at but does not really show any exceptional talent, skill or vision. Choose pieces that show your artistry with brushwork or impasto work. Pieces that are unique and show complexity and expertise with different materials or media are perfect for portfolios. What’s Next? Art school is a great place to both satisfy your passion and begin an exciting and promising career. You will be learning not just how to make great art but also how to sell and market that art. You will need to remember that you are not just here to learn artistry but to learn how to make a career out of that artistry. But even more than that, you are in college on an adventure! Remember to have fun on this adventure! Consult an expert advisor to get the right plan TALK TO AN EXPERT
What are ETFs: Exchange-traded funds?

What are ETFs: Exchange-traded funds?

Excited to get into the world of investing? An Exchange-traded fund or ETF might be your best bet. It offers a chance for those new to investing to gain exposure to the markets of their choice, without needing to invest exorbitant amounts of money. Photo by Burak K from Pexels With ETFs, even a complete newbie can begin buying and selling investment products that could allow you to profit significantly in the long term. It is also a great way to quickly succeed at fundraising for education. You could put your money into several different asset classes like stocks, bonds, commodities, precious metals, and more. For some, SIPs and Mutual Funds may be a better choice, so we recommend reading more about them as well, before pulling the trigger and making a decision. With that said, investing carries inherent risks, so only invest what you are prepared to lose. It isn’t a good idea to bet the farm on a single ETF product that could move against you. However, in the long-term, stock indices like the S&P500, DJI, NIFTY50, and more have been known to trend upwards and be relatively safe bets to invest in. With that said, it is essential to understand exactly what an ETF is before we can delve into who they are perfect for and what their shortcomings are. Exchange-traded Funds (ETFs) - What are they & how can you profit from them? As the name suggests, Exchange Traded Funds, unlike Mutual Funds, are traded on stock exchanges around the world. Thousands of these ETFs are traded on a day-to-day basis by both professional traders and High-Frequency Trading bots, also known as HFTs. Photo by Anna Nekrashevich from Pexels Does all this sound a little too technical? No need to worry, because we are about to break it down for you and introduce you to the basics, along with the most important aspects that you need to know. First, we are going to dive deep into who might find ETFs a suitable option for investment. Who should invest in an ETFs? While anybody above the legal age in their country could invest in an ETF, there are specific types of people that can derive great value from them - 1. Students and beginner investors For those that are completely new to this space, ETFs can be an excellent way to get started and get a feel for investing your money in different asset classes. ETFs form one of the best child investment options available today. As a student who has prior commitments and other occupations, ETFs are a powerful tool to make sure that you get a feel for investing early on. Since they require you to do very little once you have purchased them, you are much more likely to be able to track them and gain valuable experience with minimum effort. 2. Those with full-time commitments In today’s fast-paced world, not everyone has the precious resource of time to go through all of the nuances of investing. Especially for those who work a full-time job, and even potentially two jobs at the same time, it can be overwhelming and even impossible to find the time to delve deep into the financial markets and how to profit from them. In this way, ETFs are a great way for busy professionals and even fully engaged stay-at-home moms to invest their money without investing much of their time. 3. Investors looking to limit their risk in the market If you have the time to keep track of your investments but simply do not want to overexpose yourself to excessive risk, ETFs are a great way to go about investing. Mini and micro ETFs allow you to invest small amounts of money that suit your risk appetite, meaning that you only ever need to invest as much as you would feel comfortable with. This is one of the main reasons that ETFs are so popular worldwide. Are there any downsides to investing in an ETF? Investing in ETFs can be a dream come true if you’re looking to expose yourself to minimize expenses. However, as with anything in life, there are pros and cons to investing in an ETF. It helps to be aware of these downsides especially as a beginner to ETFs so that you can keep yourself better informed and avoid any surprises. Some of the downsides to investing in an ETF are - 1. Transaction costs As the saying goes, nothing in life is free. This could not be more true when it comes to purchasing and holding an ETF. Depending on which exchange you choose to invest your money with, you could be subject to a whole host of fees, including - Order book fees Purchase/sale fees Time-based holding fees Over time, these fees can build up to be a significant amount of money, meaning that you will need to take this into account when calculating your final profit or loss. Fees can eat into your profits drastically, so it is essential to choose a broker or exchange that offers you the best deal when it comes to the added costs of buying and selling ETFs. 2. Tracking errors At times, ETFs can stray far away from the actual price of the index that they track. This can be for a variety of reasons, including supply and demand fluctuations, liquidity difficulties, and other such factors. In such cases, you may find that the particular ETF you have invested in trades at a different price to the particular stock, commodity, index, or precious metal that it tracks. While this is normal and generally accepted in the world of investing, it is a downside to be particularly aware of as you embark on your trading journey with ETFs. 3. Management Fees Since ETFs are products created by exchanges and financial institutions, they often attract management fees that you are likely to be liable to pay when you purchase them. These management fees contribute towards the maintenance of the exchange rate and order book liquidity and also incentivizes the broker to provide such products for trading. Keep in mind though, that management fees are in general just a small percentage of the entire amount that you will spend on your purchase. However, it makes sense to shop around for exchanges that offer reduced management rates, special offers, and bonuses that can help you lessen the amount you need to pay. Conclusion Exchange-Traded Funds are perfect for those looking to invest in the stock market for the first time. It also helps those who have limited knowledge of the stock market and the various intricacies that make up trading and investing. If you’re someone who is just starting or attempting to experiment with the prices of various stocks, commodities, or precious metals, ETFs are a great way to start. Just remember, however, to always do your due diligence and research the products you are interested in, and the associated risks and costs that come with them.
ETF
How to support your child through college applications?

How to support your child through college applications?

College admissions season is a stressful time for both students and their parents. Your son or daughter may still be a child but they are embarking on their biggest adventure yet! It makes sense to be afraid and worried. It doesn’t help that your child is likely in their angsty, rebellious teenager phase and may not be willing to listen all the time. So, how do you support your child anyway? How to make sure that they know you are there for them without suffocating them?  Well, here are some ways. Photo by Zen Chung on Pexels 1. Plan for your child This is your child’s first time stepping into the real world and making big decisions. As a parent, you should try your best to make sure that their path is as smooth as possible. It is likely that you already have education plans in place, and you might also have made investments in your child’s education. These investment and education plans are important since they are the first step to ensuring your child gets his or her dream career. You should learn more and acquaint yourself with ways of saving up for your child’s future.  Besides financial planning, you should also research colleges and universities that would be the best fit for your child. This is something you should do together with your child. Find out what kind of career your child wants and research degrees and educational institutions that are the best fit. Narrow down a list of universities, colleges and degrees as well as future job prospects. You should also make a list of the pros and cons of all of them.  You should prioritise your son or daughter and their opinions and ambitions when doing this. It is important to remember that this planning is for the benefit of your child. Their dreams should take priority over your expectations. At the same time, you should offer advice, counselling and guidance to ensure they follow their passions while also remaining pragmatic about their career options.  2. Empower your children A big part of supportive parenting is empowering your children to become self-sufficient. It can be daunting and even scary to see your children leaving the nest and your guidance. You need to remember that your children becoming independent and leaving your supervision is the end goal of all good parenting. If your children are leaving the country to study abroad, then it becomes even more important for you to actively try and empower them in every way. Photo by Rodnae Productions on Pexels A very easy way in which you can empower your child is by encouraging them to do their own research and make their own decisions. Ask them to come up with their own education plan, and encourage them to email universities and admissions officers for more information on the institution and curriculum. Talk to them about what they want to do and how they plan to do it. Guide them but let them take care of their own responsibilities. Trust your children and subtly guide them instead of being helicopter parents. 3. Listen to your child “Children are meant to be seen and not heard” was the maxim during the Victorian age but times have changed. You cannot hope to have the same attitude towards your child, especially now that they are starting their adult life. It can be hard to see your 17 or 18-year-old as a full adult just yet but rest assured, this is where it all begins Often times parents let their expectations and dream take the center stage when it comes to their child’s life. You must avoid doing that. And for that, it is important to listen to your child. Don’t just talk at them, when it comes to their education and career, you must learn to talk to them.  It can be helpful at this stage to talk to an education and guidance counsellor. Counselling can be a good way of communicating with your child and finding out what they really want to do. A good counsellor can act as a mediator between you and your child and help bridge any gaps between you. If your child is unsure and hesitant about what to do next, counselling can help them figure things out. If you are unsure about whether to find a good counsellor in your city, then you can look into higher education counselling online. 4. Engage in extra-curricular activities with your child Extra-curricular activities are not just a wonderful addition to any CV, they are also important for the overall development and happiness of an individual.  Image by Rodnae Productions on Pexels While it is convenient to see these activities as simply a means of padding your CV for your study abroad plans, that is not all they are. Extra-curricular activities are meant to be a means for you to relax and have interests beyond just academics. They are meant to help you escape the rat race.  Do not pressure your children to take up activities solely to impress foreign universities. Rather find activities in which you and your child can both engage together. This can help you maintain your bond and also release pressure during this incredibly stressful time. 5. Be transparent You should support your children in every way possible but you should also be transparent with them. If there is some limitation to your capacity to help them, they should know about it. If you are unsure that the career path they are choosing will be sustainable or capable of offering stable income and job security to your child, then you should share those doubts. You are after all the adult here, you have experience and you should share that experience with your child. Don’t be afraid of telling them harsh truths, but also be willing to change your mind.  Let your child know that if they can prove to you the long-term sustainability of their career goals, you will be willing to support them all the way. You should also be open and frank with them about finances. Tell them how you are planning to fund their education, whether it is through savings or an education loan. This is a big investment you are making in your child’s future, make sure you are transparent about the nature of this investment. Also, let them know if you have any budgetary constraints and about universities or courses you cannot afford.  Being transparent and honest about your thoughts as a parent is helpful. Conclusion Being a good, supportive parent during college admissions season is mostly about trust and communication. You and your child will both need to trust each other’s intentions and talk openly about all your doubts, hopes and dreams. Remember that college is only the start of a much bigger adventure and you will need to be strong and communicative as a family to make the most of it!
SBI Mutual Fund: NAV, performance & latest MF schemes

SBI Mutual Fund: NAV, performance & latest MF schemes

SBI Mutual Fund was set up on June 29, 1987, and was incorporated on February 7, 1992, and is the first non-UTI Mutual Fund which is a joint venture between the largest bank in India State Bank of India, and the leading global AMC – Asset Management Company in France – AMUNDI. The SBI Mutual Fund Trustee Company Private Limited which regulates the SBI Mutual Fund was set up as a trust under the Trust Act of 1882.   SBI Mutual Fund (SBIMF) offers various solution-oriented financial goals in the form of child education, planning of retirement, etc. Besides long-term investments, SBIMF caters to a myriad of other investment criteria like ETFs, equity schemes, Index Funds, hybrid plans, debt plans, and much more. SBI AMC became the biggest AMC AUM wise in January from the 3rd position. As of July 2020,  SBI mutual fund house manages average assets worth Rs. 3,64,916 crores. The biggest and the best equity schemes of SBI Mutual Fund are SBI ETF Nifty 50 (with assets worth Rs. 67,765 crores) and SBI ETF Sensex ((with assets worth Rs. 26,642 crores). The third biggest fund of the AMC is SBI Bluechip, which is their large-cap fund. The scheme has an AUM of Rs. 20,783 crores as of July 2020. As of 31-Mar-2021, the Corpus under management is Rs. 505373.4637 crores and the number of SBI Mutual Fund schemes is 322. In 20 years of operation, the mutual fund has rewarded its investors beneficially with consistent returns. It has launched 38 schemes and successfully redeemed 15 of them. A total of over 5.8 million investors have invested their faith in the fund and its schemes are consistently outperforming benchmark indices. The Fund manages over Rs. 42,100 crores of assets reaching out to a vast family of investors through a network of over 130 points of acceptance, 59 investor service desks, 29 investor service centers, and 6 Investor Service Points. SBI Mutual Fund is one of the most revered and trusted AMC - asset management companies, with a consistent track record, in India for the last three decades. Its diligent team of experts and professionals provides the most prudent advice on research, risk management, and stock selection. Important information about SBI Mutual Fund TrusteeSBI Mutual Fund Trustee Company Private LimitedMD and CEOMrs. Anuradha RaoCIOMr. Navneet MunotCompliance OfficerMs. Vinaya DatarSBIMF Acceptance centers in India222Number of Investors (approx.)5.8 million investorsDeals in Assets worthRs. 373000 croresRecognitionSBIMF is the first to launch a ‘Contra’ fund, called the SBI Contra Fund. SBI Mutual Fund is the first in India to launch an Environment, Social, and Governance - ESG Fund that acts as a sustainable investment. In 2015, for the first time, the EPF department - Employees’ Provident Fund of India trusted SBIMF Sensex ETFs (Exchange Traded Funds) with Rs. 5,000 CroreAddress9th Floor, Crescenzo, C-38 and 39, G, Block Bandra - Kurla Complex, Mumbai, Maharashtra - 400051.Telephone NumberSBI mutual fund customer care number and SBI mutual fund toll-free number - 1800 209 3333, 1800 425 5425, 91-22-62511600 (from outside India)Email idcustomer.delight@sbimf.comSMSSBI mutual fund helpline number - 'SBIMF' to 7065611100WhatsApp service of SBIMFThe applicant needs to save the SBI mutual fund WhatsApp number 7208017353 on his contact list and just send a ‘Hi’ to the Distributor from the relevant mobile number that is linked to his Investment number to resolve queries on a real-time basis. Top-performing SBI mutual fund schemes Some of the best SBI Mutual Fund Schemes are available on EduFund, and after thorough research on the available plans of investment, the applicant can make the right choice of where and how he wants to put his hard-earned capital. 1. SBI Magnum Mid Cap Fund (Category - Equity - Mid Cap fund) This open-ended fund has a NAV of ₹106.498 (Growth) (as of 23rd April 2021) and is one of the top-performing funds in the 'Equity: Mid Cap category. The fund was launched on 29th March 2005 and has given trailing returns of 30.4% in one year (as of 2020). Key Information Minimum InvestmentINR 5,000Minimum SIP InvestmentINR 500Minimum WithdrawalINR 1,000Exit Load0 -1 Year (1%),1 Year and above (NIL).Return Since Inception (29th March 2005):15.9% (as of 23rd April 2021)AssetsINR 4887 Crore (as of 31st March 2021)Expense Ratio2.17% (as on 31st March 2021) 2. SBI Contra Fund (Category - Equity - Contra fund) Its aim is to provide investors with maximum growth opportunities through equity investments in stocks of growth-oriented sectors of the economy.   It is a fund with Moderately High Risk that has a NAV of Rs. 150.287 (Growth) (as of 23rd April 2021), and is one of the top-performing funds in the 'Equity: Contra category. The fund was launched on 6th May 2005 and has given trailing returns of 30.6% in one year (as of 2020). Key Information Minimum InvestmentINR 5,000Minimum SIP InvestmentINR 500Minimum WithdrawalINR 1,000Exit Load0-1 Years (1%),1 Year and above (NIL).Return Since Inception (6th May 2005)14.9% (as of 23rd April 2021)AssetsINR 1856 Crore (as of 31st March 2021)Expense Ratio2.29% (as of 31st March 2021) 3. SBI Technology Opportunities Fund (Erstwhile SBI IT Fund - Equity - Sectoral fund) Its aim is to provide investors with maximum growth opportunities through equity investments in stocks of growth-oriented sectors of the economy. It is a fund with High Risk and is ranked 42 in the Sectoral category that has a NAV of Rs. 108.207 (Growth) (as of 23rd April 2021), and is one of the top-performing funds in the 'Equity: Sectoral category. The fund was launched on 9th Jan 2013 and has given trailing returns of 47.3% in one year (as of 2020). Key Information Minimum InvestmentINR 5,000Minimum SIP InvestmentINR 500Minimum WithdrawalINR 1,000Exit Load0-15 Days (0.5%),15 Days and above (NIL).Return Since Inception (9th Jan 2013)20.6% (as of 23rd April 2021)AssetsINR 595 Crore (as of 31st March 2021)Expense Ratio2.62% (as of 31st March 2021) 4. SBI Magnum COMMA Fund (Category - Equity - Sectoral fund) Its aim is to generate opportunities for growth along with the possibility of consistent returns by investing predominantly in a portfolio of stocks of companies engaged in the commodity business within the following sectors - Oil & Gas, Metals, Materials & Agriculture, and debt & money market instruments. It is a fund with High Risk and is ranked 9 in the Sectoral category that has a NAV of Rs. 56.2233 (as of 23rd April 2021). The fund was launched on 8th August 2005 and has given trailing returns of 23.9% in one year (as of 2020). Key Information Minimum InvestmentINR 5,000Minimum SIP InvestmentINR 500Minimum WithdrawalINR 1,000Exit Load0-1 Years (1%),1 Year and above (NIL).Return Since Inception (8th August 2005):11.6% (as of 23rd April 2021)AssetsINR 320 Crore (as of 31st March 2021)Expense Ratio2.6% (as of 31st March 2021) 5. SBI Small Cap Fund (Category - Equity – Small Cap fund) The Scheme seeks to generate income and long-term capital appreciation by investing in a diversified portfolio predominantly equity and equity-related securities of small & midcap companies. It is a fund with Moderately High Risk and is ranked 4 in the small-cap category that has a NAV of Rs. 80.1244 (as of 23rd April 2021). The fund was launched on 9th Sep 2009 and has given trailing returns of 33.6% in one year (as of 2020). Key Information Minimum InvestmentINR 5,000Minimum SIP InvestmentINR 500Minimum WithdrawalINR 1,000Exit Load0-1 Years (1%),1 Year and above (NIL).Return Since Inception (9th Sep 2009):19.6% (as of 23rd April 2021)AssetsINR 7570 Crore (as of 31st March 2021)Expense Ratio2.29% (as of 31st March 2021) 6. SBI Large and Midcap Fund (Category - Equity – Large & Mid Cap fund) Its aim is to provide investors with long-term capital appreciation/dividends along with the liquidity of an open-ended scheme. It is a fund with Moderately High Risk and is ranked 20 in the large and mid-cap category that has a NAV of Rs. 284.904 (as of 23rd April 2021). The fund was launched on 25th May 2005 and has given trailing returns of 15.8% in one year (as of 2020). Key Information Minimum InvestmentINR 5,000Minimum SIP InvestmentINR 500Minimum WithdrawalINR 1,000Exit Load0-12 Months (1%),12 Months and above (NIL)Return Since Inception (25th May 2005):17% (as of 23rd April 2021)AssetsINR 3629 Crore (as of 31st March 2021)Expense Ratio2.21% (as of 31st March 2021) 7. SBI Bluechip Fund (Category - Equity - Large Cap fund) Its aim is to provide investors with opportunities for long-term growth in capital through active management of investments in a diversified basket of equity stocks of companies whose market capitalization is at least equal to or more than the least market capitalized stock of the S&P BSE 100 Index. It is a fund with Moderately High Risk and is ranked 9 in the Large Cap category that has a NAV of Rs. 50.5466 (as of 23rd April 2021). The fund was launched on 14th Feb 2006 and has given trailing returns of 16.3% in one year (as of 2020). Key Information Minimum InvestmentINR 5,000Minimum SIP InvestmentINR 500Minimum WithdrawalINR 1,000Exit Load0 -1 Year (1%),1 Year and above (NIL)Return Since Inception (14th Feb 2006):11.3% (as of 23rd April 2021)AssetsINR 26838 Crore (as of 31st March 2021)Expense Ratio1.84% (as of 31st March 2021) 8. SBI Banking and Financial Services Fund (Category - Equity - Sectoral fund) The investment objective of the scheme is to generate long-term capital appreciation for unit holders from a portfolio that is invested predominantly in equity and equity-related securities of companies engaged in banking and financial services. However, there can be no assurance that the investment objective of the Scheme will be realized. It is a fund with High Risk that has a NAV of Rs. 21.7274 (as of 23rd April 2021). The fund was launched on 26th Feb 2015 and has given trailing returns of 4.8% in one year (as of 2020). Key Information Minimum InvestmentINR 5,000Minimum SIP InvestmentINR 500Minimum WithdrawalINR 1,000Exit Load0-12 Months (1%),12 Months and above (NIL)Return Since Inception (26th Feb 2015):13.4% (as of 23rd April 2021)AssetsINR 2371 Crore (as of 31st March 2021)Expense Ratio2.44% (as of 31st March 2021) 9. SBI Magnum tax Gain Fund (Category - Equity - ELSS fund) To deliver the benefit of investment in a portfolio of equity shares, while offering deduction on the such investment made in the scheme under section 80C of the Income-tax Act, 1961. It also seeks to distribute income periodically depending on distributable surplus. Investments in this scheme would be subject to a statutory lock-in of 3 years from the date of allotment to avail of Section 80C benefits. It is a fund with Moderately High Risk and is ranked 31 in the ELSS Category that has a NAV of Rs. 179.609 (as of 23rd April 2021). The fund was launched on 7th May 2007 and has given trailing returns of 18.9% in one year (as of 2020). Key Information Minimum InvestmentINR 5,00Minimum SIP InvestmentINR 500Minimum Withdrawal-Exit LoadNILReturn Since Inception (7th May 2007):10.4% (as of 23rd April 2021)AssetsINR 9258 Crore (as of 31st March 2021)Expense Ratio2.22% (as of 31st March 2021) 10. SBI Nifty Index Fund (Category – Others - Index fund) The scheme will adopt a passive investment strategy. The scheme will invest in stocks comprising the Nifty 50 Index in the same proportion as in the index with the objective of achieving returns equivalent to the Total Returns Index of the Nifty 50 Index by minimizing the performance difference between the benchmark index and the scheme. The Total Returns Index is an index that reflects the returns on the index from index gain/loss plus dividend payments by the constituent stocks. This open-ended fund has a NAV of ₹122.988 (as of 23rd April 2021) and is ranked 75 in Index Fund Category. It comes with a Moderately High risk. The fund was launched on 17th Jan 2002 and has given trailing returns of 14.6% in one year (as of 2020). Key information Minimum InvestmentINR 5,000Minimum SIP InvestmentINR 500Minimum WithdrawalINR 1,000Exit Load0-15 Days (0.2%),15 Days and above (NIL).Return Since Inception (17th Jan 2002):11.1% (as of 23rd April 2021)AssetsINR 1032 Crore (as of 31st March 2021)Expense Ratio0.68% (as of 31st March 2021) The best performing SBI tax-saving mutual fund SBI Tax Saving Mutual Funds provide dual benefits to its investors – one in the form of capital appreciation through equity investments and the other through income tax savings under section 80C. There is a mandatory lock-in period of three years and has the potential for higher returns. The minimum investment is Rs. 500. These are Multi-cap Equity funds with a diversified portfolio. How can you invest in SBI mutual via EduFund? It is a simple, convenient, and easy process through EduFund to invest in some of the most profitable SBI Mutual Fund Schemes, which involves a hassle-free process. Let us look at the details of the process: Step 1: The first step is to log in using your SBI mutual fund login Id or your EduFund account. The applicant can also download and install the SBI mutual fund app to start investing. If the applicant does not own an account, he would need to create a username password by registering on to the portal. Step 2: The second step is for the applicant to scan and upload identification documents and proofs like Aadhar Card, PAN Card, Passport, Driving License, Voter ID Card or any other ID that is issued by the Central or State Government. Step 3: Further, the applicant must upload his address proof using any legal document that carries the permanent address of the investor. This proof again could be an Aadhar Card, Passport, Bank statement, rent agreement, Phone or Gas Bill, etc. Step 4: Next, he should identify the duration of investment he is interested in and apply it accordingly on the portal. Step 5: After the tenure, the risk undertaking should be determined, whether the applicant wants to opt for a low, medium, or high-risk investment. Step 6: As per the choice and market feedback, he can opt for the best SBI Mutual Fund, which is most suitable to his individual choice and criteria. Step 7: The individual has the option to go for a one-time investment or installment. If he wishes to pay the investment amount in a lump sum, he should select the “Invest One Time” button else can click on the “Start SIP” to enable investment which allows monthly/quarterly/bi-annual or annual payments. EduFund is a renowned portal that is registered with AMFI, BSE, and SEBI with zero fees to sign up. The investment logged in by the individual will reflect in his EduFund account within 3-5 business days. Using the SBI Mutual Fund Calculator  The mutual fund calculator SBI helps you estimate the returns which can be expected from the invested capital. The exact amount cannot be guaranteed, but an estimated amount can be calculated using the SBI mutual fund calculator for both Lumpsum and SBI mutual fund SIP payments to get an appropriate view of the SBI mutual fund statement. Leading fund managers at SBI Mutual Fund  The SBI Mutual Fund Investment team is well-equipped with stalwarts of the Finance Sector who have professional experience, qualifications, and knowledge of investment. Some of the leading Fund Managers at SBI Mutual Fund are: 1. Navneet Munot Executive Director & Chief Investment Officer Mr. Munot was the Chief Investment Officer in 2008 when he joined SBI Fund House. Currently, he is the Executive Director and Chief Investment Officer, taking care of investments of more than USD 54 billion. He is a veteran with experience working with Giants as the former Chief Investment Officer of Birla Sun Life Mutual Funds and as the Executive Director and the Head of the Multi-Strategy Boutique at Morgan Stanley Investment Management. He has given 25 years to the Finance Sector and is a Chartered Accountant and a Charter Holder of the CAIA and CFA Institute. His expertise lies in various sectors of investment, like fixed income, foreign exchange, and hybrid funds. He is an asset to SBI Mutual Funds 2. Ashwani Bhatia Deputy Managing Director Mr. Bhatia started his career at the entry-level as a Probationary Officer in 1985 with the State Bank of India. Currently, he is the Deputy Managing Director of the SBI, and since July 2018, he is on loan to the SBI Mutual Funds Management Board. He is also the MD and CEO of SBI Mutual Funds. Before Corporate Credit Structures were revamped, he was also the Chief General Manager of SBI and was also appointed as the Chief General Manager of the Small and Medium Enterprises at the bank for several years. He has spent a lifetime in the field of Banking and has commendable experience in International Banking, retail, and credit and treasury. 3. Anup Upadhyay Head of Research Upadhyay started his career in SBI MF as an Equity Analyst and presently he is the Head of Research at SBI MF and the Fund Manager for Equity Opportunity Fund and SBI IT Fund for the IT Service Industry. He is a pass-out of IIT Kharagpur with an additional Post-Graduation Diploma in Management from IIM Lucknow. He has also been a student of the CFA Institute of the USA, where he is a Charter holder. His expertise lies in the area of Media, Telecom, and Capital Good Stocks too. 4. Nicholas Simon Deputy CEO Mr. Simon was deputed from the Amundi Group of France, which holds a significant share in the controlling company. Mr. Simon has served as the CAAM for Real Estate and CEO of Real Estate from 2006-2015. He represents the interests of the Amundi Group on the Board. He was the Head of Property at Henderson Real Estate in France from 2003-2005 and before that Mr. Simon was the CEO of Generali Real Estate from 1996-2002. He has done his Master of Business Management from the Toulouse School of Business and completed his Post Graduation in Law from the Pantheon-Assas University in Paris. He has a recognized exposure to International Banking and vast experience in controlling inflation, market trends, and beating the competition. 5. S. Srinivas Jain   Head of Equity  With an experience of 25 years in the equity market, Mr. Srinivasan joined SBI Mutual Funds as a Fund Manager and later became the Head of equity. He has had exposure to the equity market for as long as 25 years. Mr. Jain has worked with SBI for almost 20 years, with an overall experience in Financial services of more than 30 years. He is currently appointed as the Executive Director and Chief Marketing Officer of Strategy and International Business at SBI Mutual Funds. He has a background in Cost Accountancy and holds a degree in Graduation in Commerce from Bangalore University. He has varied experience working for leading Financial Companies like Motilal Oswal, Indosuez WI Carr, Principal PNB, Oppenheimer & Co. (Blackstone), and Future Capital Holding, managing the funds of SBI Mutual fund directly under him.  The other well-known fund managers at SBI Mutual Fund Mr Sanjeev Patkar Mr Nicholas Simon Mr Rajeev Radhakrishnan Mr D.P. Singh Mr Rahul Mayor Ms Aparna Nirgude Why should you invest in SBI Mutual Fund? To invest Online in SBI Mutual Funds, one can choose EduFund to safely put away his money in SBI mutual fund online, which charges no fees or hidden charges. It further helps investors to explore funds and options, gives them a varied outlook on the risk and tenure associated with each investment, provides all-out solutions for investors, and clears misconceptions and doubts regarding a return, risk, and consistency before the individual invests his hard-earned money into it. The Funds option within the portal displays the return percentage and the current NAV. Besides that, before investing, a person can filter options like risk rating, value research, consistency, and size of the fund. He can also opt for investing in a lump sum amount or installments. Select EduFund for investing in SBI Mutual Fund EduFund makes the process of investing in HDFC mutual funds convenient. EduFund's experienced consultants give you customized solutions for all your financial goals. You can start investing from a lowly INR 5,000 and grow your capital comfortably. With EduFund, you get the following benefits: Customized Research-Based Financial Plan - EduFund’s scientific fund tracker screens over 1 lakh data points and 400 financial scenarios to recommend you the best mutual funds. Customer-Friendly Counsellors Help You Create a Financial Plan - EduFund's counselors are trained to handle all kinds of queries from customers. They spend as much time with you as you need and resolve all your issues to help you create a robust financial plan. Invest Less, Earn More - Not only are the best Indian mutual funds, but EduFund also offers you the facility to invest in US Dollar ETFs and international mutual funds. Use Free Tools - EduFund offers various free tools for its customers, including College Savings Calculator, SIP calculator, etc. No Technical Expertise Required - You do not need to be an expert in finance to understand which mutual fund is the best for you. EduFund does it for you. Value-Added Benefits - You may get value-added benefits like no commission, free advisory, and nil-hidden charges. Secure Transactions - EduFund is RIA-registered and uses top-class 128-SSL security to enable safe transactions. Special Support for Children's Education - EduFund has a dedicated team of experts who help you fulfill your children's educational goals.
HDFC Mutual Fund: NAV, Performance & Latest MF Schemes

HDFC Mutual Fund: NAV, Performance & Latest MF Schemes

HDFC Asset Management Company, also called HDFC AMC, is one of India's largest and most profitable mutual fund houses. The company is a part of the Housing Development Finance Corporation or HDFC Group, a financial conglomerate with established businesses in housing finance, asset management, life and non-life insurance, education finance, and real estate funds.  As of December 2020, HDFC AMC's Quarterly Asset Under Management or QAAUM of INR 389466.56 crore is the highest among 41 mutual fund houses operating in the country. HDFC AMC became a publicly listed company and has been listed on the National Stock Exchange and Bombay Stock Exchange since August 2018. Presently, the promoters hold a 73.92% stake in the company (HDFC Ltd. - 52.7% and Standard Life Investments Limited - 21.2%), followed by FII (9.11%), DII (5.62%), and public (11.34%). HDFC AMC's Quarter-on-Quarter (QoQ) profit for December 2020 has soared to INR 369.26 crore from 338.06 crores, and its basic Earnings Per Share (EPS) grew to 17.34 in December 2020 as against 15.88 in the previous quarter. Its profit before tax was INR 1,653.05 crore in March 2020, as compared to 1,374.70 crores in March 2019. HDFC AMC's EPS has grown consistently. For example, the basic EPS was 23.64 in 2016, which grew to 27.33 in 2017, 34.52 in 2018, 43.87 in 2018, and 59.37 in 2019. As of 12th April 2021, the AMC had a market capitalization of INR 60,579 crore (Source - moneycontrol.com).  HDFC AMC offers a wide range of investment and savings products and has considerable retail and institutional investor base. Presently, it has more than 9 million active accounts, and its equity mutual funds are some of the best you can get in India. Data published by the fund house indicates that more than one in four investors choose an HDFC mutual fund for investing. For over 25 years, HDFC mutual fund has been a consistent performer with a demonstrable track record of wealth creation and client management. Its core investment team consists of thirty (30) members who have proven expertise in capital markets, bonds, and commodity markets. Besides retail investor services, HDFC AMC also offers (non)discretionary and advisory services to HNIs or High Net Worth Individuals, Hindu Undivided Families (HUFs), domestic and international corporate houses, trusts, and domestic and international financial institutions. HDFC AMC manages a total of 101 funds across several categories like Arbitrage, Banking, and PSU, etc. Important information about HDFC mutual fund Name of the AMCHDFC Asset Management Company Ltd.Incorporation DateDec-10-1999SponsorsHousing Development Finance Corporation Ltd. and Standard Life Investments Ltd.TrusteeHDFC Trustee Company LimitedTrustees' NameMr Vimal Bhandari, ChairmanMr V. Srinivasa Rangan, DirectorMr Mehernosh Kapadia, Independent DirectorMr Dindayal Jalan, Independent DirectorMD/CEOMr Milind BarveCIOMr Prashant JainCompliance OfficerMr Yezdi KhariwalaInvestor Service OfficerMr John MathewRegistrar and Transfer agentKFin Technologies Private Limited (Formerly known as Karvy Fintech Private Ltd)Unit: HDFC Asset Management Company Limited (ISIN: INE127D01025)Karvy Selenium Tower B, Plot No 31 & 32 Gachibowli, Financial District,Nanakramguda, Serilingampally Hyderabad – 500 032.Contact Person: Mr Ragesh Raghavan/Suman KonijetiTelephone: 040 67162222, Toll- free No.18003454001E-mail: einward.ris@kfintech.comToll-free Number 1800 3010 6767 / 1800 419 7676Email Addresscliser@hdfcfund.comRegistered AddressHDFC Asset Management Company LimitedCIN: L65991MH1999PLC123027Registered Address: “HDFC House”, 2nd Floor,H. T. Parekh Marg, 165-166, Backbay Reclamation,Churchgate, Mumbai – 400020. Ten top-performing HDFc mutual fund schemes  HDFC has mutual funds in almost all categories permitted by the Securities and Exchange Board of India or SEBI. Here is a list of the ten best-performing HDFC mutual fund schemes in India. 1. HDFC Small Cap Fund (Category - Equity: Small Cap) The HDFC Small Cap fund, with a NAV of 52.8330 (Regular Growth) (as on 12th April, 2021), is the top-performing fund in the 'Equity: Small Cap' category. This open-ended fund was launched on 3rd April 2008 and has given trailing returns of 103.22% in one year (as on 9th April, 2021). The fund considers the NIFTY Smallcap 100 TRI as its benchmark.  Key information Minimum InvestmentINR 5,000Minimum Additional Investment INR 1,000Minimum SIP InvestmentINR 500Minimum WithdrawalINR 500Exit Load1% for redemption within 365 days; Nil for redemption after 365 daysReturn Since Inception (3rd April, 2008):14.04% (as on 9th April, 2021)AssetsINR 10,050 Crore (as on 31st March, 2021)Expense Ratio1.80% (as on 28th February, 2021) 2. HDFC Mid-Cap Opportunities Fund (Category - Equity: Mid Cap) The HDFC Mid-Cap Opportunities Fund was launched on 25th June 2007 and has given gravity-defying returns year after year.  In the one-year period ending on 9th April 2021, the fund has given trailing returns of 83.71%. The fund is open-ended and treats the NIFTY Midcap 100 TRI as its benchmark.  As on 12th April 2021, the NAV of this fund is hovering around 71.6680 (Regular Growth). Key information Minimum InvestmentINR 5,000Minimum Additional Investment INR 1,000Minimum SIP InvestmentINR 500Minimum WithdrawalINR 500Exit Load1% for redemption within 365 days; Nil for redemption after 365 daysReturn Since Inception (25th June, 2007):15.72% (as on 9th April, 2021)AssetsINR 26,471 Crore (as on 31st March, 2021)Expense Ratio1.79% (as on 28th February, 2021) 3. HDFC Retirement Savings Fund Equity Plan (Equity: Flexi Cap) HDFC Retirement Savings Fund Equity Plan has been consistently generating decent returns for its investors. This fund was launched on 25th February 2016 and considers the NIFTY 500 TRI as its benchmark. However, this fund has a lock-in period of five (5) years. In the one-year period ending on 9th April 2021, the fund has given trailing returns of 71.12%. As on 12th April 2021, the NAV of this fund is 21.7960 (Regular Growth). Key information Minimum InvestmentINR 5,000Minimum Additional Investment INR 1,000Minimum SIP InvestmentINR 500Minimum WithdrawalINR 500Exit LoadNoneReturn Since Inception (25th February 2016):17.38% (as on 9th April, 2021)AssetsINR 1,392 Crore (as on 31st March, 2021)Expense Ratio2.38% (as on 28th February, 2021) 4. HDFC Growth Opportunities Fund (Category - Equity: Large & Midcap) The HDFC Growth Opportunities fund was launched on 18th February 1994 and has been a popular fund ever since. The fund is open-ended and treats the NIFTY Large Midcap 250 TRI as its benchmark.  In the one-year period ending on 9th April 2021, the fund has given trailing returns of 73.70%. As of 12th April 2021, the NAV of this fund is 141.2650 (Regular Growth). Key information Minimum InvestmentINR 5,000Minimum Additional Investment INR 1,000Minimum SIP InvestmentINR 500Minimum WithdrawalINR 500Exit Load1% for redemption within 365 days; Nil for redemption after 365 daysReturn Since Inception (18th February 1994):11.65% (as of 9th April 2021)AssetsINR 2,014 Crore (as of 31st March 2021)Expense Ratio2.54% (as of 28th February, 2021) 5. HDFC Top 100 Fund (Category - Equity: Large Cap) The HDFC Top 100 fund was launched on 11th October 1996 and considers the NIFTY 100 TRI its benchmark. The fund invests primarily in large-cap stocks with huge growth potential.  In the one-year period ending on 9th April 2021, the fund has given trailing returns of 58.87%. As of 12th April 2021, the NAV of this fund is 551.9530 (Regular Growth). Key information Minimum InvestmentINR 5,000Minimum Additional Investment INR 1,000Minimum SIP InvestmentINR 500Minimum WithdrawalINR 500Exit Load1% for redemption within 365 days; Nil for redemption after 365 daysReturn Since Inception (11th October 1996):18.99% (as on 9th April, 2021)AssetsINR 18,660 Crore (as on 31st March, 2021)Expense Ratio1.85% (as on 28th February, 2021) 6. HDFC Balanced Advantage Fund (Category - Hybrid: Dynamic Asset Allocation) If your investment horizon is five years or more, the HDFC Balanced Advantage Fund can be your best bet. The fund was launched on 1st February 2004, and it treats the NIFTY 50 Hybrid Composite Debt 65:35 as its benchmark.  In the one-year period ending on 9th April 2021, the fund has given trailing returns of 51.83%. As of 12th April 2021, the NAV of this fund is 227.9330 (Regular Growth). Key information Minimum Investment Minimum Additional Investment INR 1,000INR 5,000Minimum SIP InvestmentINR 500Minimum WithdrawalINR 500Exit LoadIf the units you wish to redeem is more than 15% of the total investment amount, a 1% exit load will be levied for redemption within 365 days; Nil for redemption after 365 daysReturn Since Inception (1st February, 2004):17.87% (as on 9th April, 2021)AssetsINR 39,784 Crore (as on 31st March, 2021)Expense Ratio1.60% (as on 28th February, 2021) 7. HDFC Hybrid Equity Fund (Category - Hybrid: Aggressive Hybrid) The HDFC Hybrid Equity Fund is open-ended and considers NIFTY 50 Hybrid Composite Debt 65:35 as its benchmark. It invests up to 65% of your investments in equities, whereas the remaining 35% is invested in bonds. The fund was launched on 11th September 2000. In the one-year period ending on 9th April 2021, the fund has given trailing returns of 54.29%. As of 12th April 2021, the NAV of this fund is 65.3500 (Regular Growth). Key information Minimum InvestmentINR 5,000Minimum Additional Investment INR 1,000Minimum SIP InvestmentINR 500Minimum WithdrawalINR 500Exit LoadIf the units you wish to redeem is more than 15% of the total investment amount, a 1% exit load will be levied for redemption within 365 days; Nil for redemption after 365 daysReturn Since Inception (11th September, 2000):15.49% (as on 9th April, 2021)AssetsINR 17,309 Crore (as on 31st March, 2021)Expense Ratio1.79% (as on 28th February, 2021) 8. HDFC Dynamic PE Ratio Fund of Funds (Category - Hybrid: Multi Asset Allocation) The HDFC Dynamic PE Ratio Fund of funds is the best performing fund in the 'Hybrid: MAA' category. The open-ended fund was launched on 6th February 2012 and considers the NIFTY 50 Hybrid Composite Debt 65:35 as its benchmark.  In the one-year period ending on 9th April 2021, the fund has given trailing returns of 43.35%. As of 12th April, 2021, the NAV of this fund is 22.7714 (Regular Growth). Key information Minimum InvestmentINR 5,000Minimum Additional Investment INR 1,000Minimum SIP InvestmentINR 500Minimum WithdrawalINR 500Exit Load1% for redemption within 365 days; Nil for redemption after 365 daysReturn Since Inception (6th February, 2012):9.63% (as on 9th April, 2021)AssetsINR 20 Crore (as on 31st March, 2021)Expense Ratio1.00% (as on 28th February, 2021) 9. HDFC Equity Savings Fund (Category - Hybrid: Equity Savings) If you want to get the best of equity, bonds, and arbitrage opportunities, the HDFC Equity Savings fund is all you need. It is an open-ended scheme which was launched on 17th September 2004. This fund considers the NIFTY 50 Arbitrage TRI, NIFTY 50 TRI, and CRISIL Short-Term Bond TRI as its benchmark.  In the one-year period ending on 9th April 2021, the fund has given trailing returns of 27.88%. As on 12th April, 2021, the NAV of this fund is 42.2360 (Regular Growth). Key information Minimum InvestmentINR 5,000Minimum Additional Investment INR 1,000Minimum SIP InvestmentINR 500Minimum WithdrawalINR 500Exit LoadIf the units you wish to redeem is more than 15% of the total investment amount, a 1% exit load will be levied for redemption within 365 days; Nil for redemption after 365 daysReturn Since Inception (17th September, 2004):9.20% (as on 9th April, 2021)AssetsINR 2,332 Crore (as on 31st March, 2021)Expense Ratio2.11% (as on 28th February, 2021) 10. HDFC Hybrid Debt Fund (Category - Hybrid: Conservative Hybrid) The HDFC Hybrid Debt Fund is the top-performing fund in the conservative hybrid category. This fund invests no more than one-third of your investment amount in equities and no more than two-thirds of your investment amount in debt. The fund was launched on 26th December 2003 and considers the NIFTY 50 Hybrid Composite Debt 15:85 as its benchmark. In the one-year period ending on 9th April 2021, the fund has given trailing returns of 22.11%. As of 12th April 2021, the NAV of this fund is 53.6965 (Regular Growth). Key information Minimum InvestmentINR 5,000Minimum Additional Investment INR 1,000Minimum SIP InvestmentINR 500Minimum WithdrawalINR 500Exit LoadIf the units you wish to redeem is more than 15% of the total investment amount, a 1% exit load will be levied for redemption within 365 days; Nil for redemption after 365 daysReturn Since Inception (26th December 2003):10.27% (as of 9th April 2021)AssetsINR 2,434 Crore (as of 31st March, 2021)Expense Ratio1.89% (as of 28th February 2021)(As on 02/04/2021) How can you invest in the HDFC mutual fund via EduFund? Investing in HDFC mutual funds via Edufund is a simple, six-step process.  Step 1 - Download the EduFund App from Google Play Store or Apple App Store and create an online account. Step 2 -  Select a Scheme - Browse a wide range of HDFC mutual fund schemes and choose the right scheme suiting your financial goals. You may invest in a Systematic Investment Plan (SIP) or a lump sum. The inbuilt recommendation engine suggests the best scheme for your financial objectives. Step 3 - View and Track Your Transaction(s) - The amount you have invested will reflect in your EduFund account within four working days. You can track the HDFC mutual fund NAV, account balance, statement, and other information in the app. Alternatively, you can purchase, redeem, or switch HDFC mutual fund units. Step 4 - Speak With a Mutual Fund Counsellor - You can connect with a mutual fund consultant to share your goals and get personalized advice.  EduFund uses top-class authentication and encryption technologies to ensure bank-like secured transactions and safeguard your investments.   Seven best performing fund managers at HDFC mutual fund The fund manager plays a prominent role in driving value and generating growth. The following are the seven best-performing fund managers in HDFC AMC whose funds have consistently churned out the best returns.  1. Mr Chirag Setalvad Mr Chirag Setalvad is a senior fund manager in HDFC mutual fund. He joined the AMC in 2007. He has extensive experience in fund management, equity research, and investment banking. Mr. Setalvad manages top-performing HDFC mutual fund schemes like HDFC Small Cap Fund, HDFC Mid-Cap Opportunities Fund, HDFC Hybrid Equity Fund, and HDFC Long Term Advantage Fund.  2. Mr Prashant Jain Mr Prashant Jain holds the distinction of managing one fund, namely HDFC Balanced Advantage Fund, for more than 25 years. He joined HDFC AMC in 2003 as the Head of Equities, after gaining experience in SBI mutual fund and Zurich AMC. Besides the Balanced Advantage Fund, he also manages the HDFC Top 100 Fund and HDFC Flexi Cap Fund.  3. Mr Krishan Kumar Daga A senior fund manager in HDFC AMC, Mr Krishan Kumar Daga, has 28 years of equity research and fund management experience. He has worked with several financial conglomerates like Reliance Mutual Fund, B&K Securities, Reliance Capital, JP Morgan Securities, Deutsche Securities, and HSBC Securities. Mr. Daga manages HDFC Gold Exchange Traded Fund and HDFC Gold Fund.  4. Mr Shobhit Mehrotra  Mr Shobhit Mehrotra is an experienced fund manager who manages over fifteen funds with a collective AuM of approximately 37,000 crores. Mr. Mehrotra has extensive experience in fixed-income markets and credit ratings. Before joining HDFC AMC, he was associated with ICRA Ltd. and Templeton Asset Management (India) Pvt. Ltd. Some popular funds managed by him include HDFC Income Fund, HDFC Medium Term Debt Fund, and HDFC Credit Risk Debt Fund.  5. Mr Amit Ganatra Mr Amit Ganatra joined HDFC AMC as a Senior Fund Manager in May 2020 after gaining considerable experience in Invesco AMC, DBS Chola AMC, Fidelity Investments, CMIE, and CIPLA. He manages funds like HDFC Capital Builder Value Fund, HDFC Taxsaver, etc.  6. Mr Anil Bamboli Mr Anil Bamboli is associated with HDFC AMC since 2003. He is a senior fund manager in the Fixed Income segment. His educational qualifications include B.Com. MMS Finance, CWA, and CFA. He has more than 24 years of experience in the fund management industry. Mr. Bamboli manages funds like HDFC Dynamic Debt Fund, HDFC Short Term Debt Fund, HDFC Gilt Fund, HDFC Overnight Fund, HDFC Banking, and PSU Debt Fund, etc. The schemes managed by him have generated average returns between 8% and 12% in the financial year 2020-21.  7. Mr Anupam Joshi Mr Anupam Joshi is an Associate Director of Investments in HDFC AMC. He has worked for over ten years in Portfolio Management & Dealing. He has served prominent institutions like Principal PNB Asset Management Company, ICAP India Private Ltd., and Asit C. Mehta Investment Intermediates Ltd. Mr. Joshi manages funds like HDFC Corporate Bond Fund, HDFC Low Duration Fund, HDFC Liquid Fund, etc.  Why should you invest in HDFC mutual funds?  HDFC AMC is the largest AMC in India. It offers more than one hundred funds to choose from. The AMC has a legacy of over twenty years and manages assets worth over INR 4.1 trillion. It has more than 65,000 impaneled distributors who offer its financial products to investors. The fund house has more than 200 branches in 200 Indian cities, which cater to all categories of investors.   Whatever your investment objective, you can get an HDFC mutual fund scheme to fulfill your financial goals. The experienced fund managers at HDFC mutual fund simplify stock market or secondary market investments easily for you. Select EduFund to invest in HDFC mutual fund EduFund makes the process of investing in HDFC mutual funds convenient. EduFund's experienced consultants give you customized solutions for all your financial goals. You can start investing from a lowly INR 5,000 and grow your capital comfortably. With EduFund, you get the following benefits: Customized Research-Based Financial Plan -  EduFund's scientific fund tracker screens over 1 lakh data points and 400 financial scenarios to recommend you the best mutual funds. Customer-Friendly Counsellors Help You Create a Financial Plan - EduFund's counselors are trained to handle all kinds of queries from customers. They spend as much time with you as you need and resolve all your issues to help you create a robust financial plan.Invest Less, Earn More - Not only are the best Indian mutual funds, but EduFund also offers you the facility to invest in US Dollar ETFs and international mutual funds.Use Free Tools - EduFund offers various free tools for its customers, including College Savings Calculator, SIP calculator, etc. No Technical Expertise Required - You do not need to be an expert in finance to understand which mutual fund is the best for you. EduFund does it for you.Value-Added Benefits - You may get value-added benefits like no commission, free advisory, and nil-hidden charges.Secure Transactions - EduFund is RIA-registered and uses top-class 128-SSL security to enable safe transactions.Special Support for Children's Education - EduFund has a dedicated team of experts who help you fulfill your children's educational goals. 
How to cope with college rejections?

How to cope with college rejections?

You worked hard on your grades, you had your extracurriculars in shape, and your college essay was edited and proofread. For all your preparation and planning, sometimes things just don't go right. Sometimes you get rejected. It is likely that you will experience at least a few rejections in your college application journey. How do you cope with rejections? What went wrong and what can you do to fix your mistakes? A rejection can put a big wrench in your study abroad plans. Here are some tips to deal with them.  Image by Andrea Piacquadio on Pexels Why was your college application rejected? There are many reasons why your college application may get rejected. Sometimes it may be because you just don’t meet the cut. College admissions are extremely competitive. Top universities are looking for the best GPAs and CVs when making their final decisions. You may be an extremely bright and brilliant student but your education plan likely does not account for the brilliance of your peers and competitors. This is why, when you are planning on studying abroad, it is important to apply to colleges whose requirements meet your qualifications.  Some other common reasons why your application may have gotten rejected are: You missed the deadlineThis is a relatively simple but shockingly common reason why your application may have gotten rejected. Colleges are dealing with vast numbers of applications. Any application that may have missed the deadline by even a few minutes may end up in the rejection bin.  Your application was incompleteIt is possible that your application was incomplete or didn’t include all the documents, information and other requirements requested by the college. This is common when you are applying to multiple colleges. You may end up missing or ignoring some specific or uncommon requirements made by particular universities. Your application was not edited properlyWhile it is understandable that college admissions can be extremely stressful, you should always take care to edit your application carefully. An application that is too long will be sent straight to the rejection bin because admissions committees do not have the time to go through long essays. If your essay is full of silly mistakes and typos, it reflects badly on you and such an application may again get rejected. Your application does not reflect why you are choosing that particular universityAdmissions committees do not just want to know what you are offering them, they also want to know what they are offering you. As an international student, you need to be clear on why you are applying to that particular university and why you want to study abroad.  Image by Anete Lusina on Pexels What can you do? The first thing you should do is review your application. See if you made any of the mistakes we mentioned above and take steps to fix them. One rejection should not derail your study abroad plans and you can ensure this by making sure you do not repeat the same mistakes. Apply to safe schools and backup colleges to make sure that even if you get rejected from your dream college, you still have someplace to rely on. Dream for the best but plan for the worst. Your education plan should have space for a Plan B. Pay attention to the guidelines and requirements of each college you apply to. Make separate folders for application materials and documents required for each college. Copy the guidelines and list of requirements of each college to a word document and save it in its respective folder. This way you can make sure that you do not miss anything or hand in an incomplete application. Image by Vlada Karpovich on Pexels Pay attention to deadlines. Mark each deadline on your calendar and place the calendar in a prominent place so you don’t forget any deadline or rush in to submit at the last minute. Also, remember to properly edit and proofread your applications. You can ask your parents, siblings or friends to help you with this. The second pair of eyes will be much better at catching mistakes.  Do not lose hope You must remember that while a rejection letter may seem like the end of the world, it is only an opportunity for re-evaluation and review. It is likely you had a meticulous education plan in place. This rejection is only an opportunity for you to re-evaluate those plans and see where you went wrong and what you can do differently.  Do not lose hope because there are always other schools. In fact, you may find that those other colleges are much better suited for you. The rejection could very well be an opportunity to look for a college that is a better fit for you.  Try not to obsess over your failure and the reasons thereof. Instead, take some time off. Spend time with friends and family. Engage in hobbies and activities that you are good at to remind yourself that you are valuable and capable. Rejections do not have to define you. Always remember to take your failures as a lesson rather than a judgement of your worth. A rejection may in fact encourage you to review your life and your plans and send you in a different, better-suited direction. Image by Prateek Katyal on Pexels Advice for parents Even your best plans for your children’s education can go awry sometimes. It is important for you to remember that this is possibly taking an even bigger toll on your child. Make sure you do your best to be there for them during this difficult time. Comfort them and assure them that you are there for any help and support they may need. Try to distract them from the failure and remind them that after all, failures are the stepping stones to success. If possible, you can look into higher education counselling to offer further professional help and support for your child. Good counselling and guidance can help you and your child recognise what went wrong and be better prepared for future applications. Counselling can also help you reach out to your kids and offer comfort in the best way possible.  Key takeaways Remember that failure is an important stepping stone to success. We all must suffer failure before we can achieve our dreams. The important part is to recognise your mistakes and shortcomings and use that knowledge to be better prepared next time. Do not let your failures define you and do not lose hope. Your study abroad dreams will come true - patience, perseverance and hope are key!
The college student’s guide to budgeting

The college student’s guide to budgeting

College teaches you a great many lessons. Not all of those lessons, as it happens, are learned in the classroom. As a young college student, budgeting and good financial planning are lessons you will learn to appreciate sooner rather than later. This is especially true if you are planning on moving abroad for your studies.  The expenses of a global education may have you worried and asking “Is studying abroad worth it?” Well, there is no doubt that going to study abroad has a great many benefits, both for your career as well as your personal growth and development. In fact, learning how to live on a tight budget can be a life lesson on its own. In this blog post, we try to understand how to get started in creating your first personal budget.  Image by Andrea Piacquadio on Pexels Basics of financial planning When you are preparing for your college applications, it is likely that you have an education plan in place. This ensures that you are more organized with your applications and aren’t surprised or thrown into a tizzy due to unexpected circumstances. In the same way, to ensure that you are organized with your money and to avoid being beset by financial emergencies, you need a financial plan. What is Financial planning? Financial planning is basically a method to plan and manage your income, expenses, investment, and other finances to ensure that you can achieve your life goals. A good financial plan also anticipates and makes room for emergencies that may otherwise drain your savings or cause you to incur debt.  The first step in creating a financial plan? The first step in creating a good financial plan is the same as the first step in creating a good education plan - identify your goals. You need to figure out what your financial goals are. They can be as simple as being able to save a certain amount at the end of the year. Be realistic with your goals. Keep in mind that you are still young and do not have too many responsibilities right now. Therefore, you can treat your college life as a growing and earning period. You don't have to put too much pressure on yourself. image by Karolina Gabrowska on Pexels Understanding & tracking your finances Once you have your financial goals in place, you can start sketching out your plans. Understand your finances. Figure out how much money is coming in each month, (through education loans, scholarships, part-time jobs, or your parents) and how much of it you are spending. Figure out which expenses are reasonable or non-negotiable and which ones you can cut down. You should also maintain a personal balance sheet to record how much you have, how much you spend, and how much you owe. Collect all bills, invoices, and bank statements to accurately record all your transactions. This will enable you to understand and track where your money comes from and where it goes. How to create your first budget? Once you have a financial plan in place, creating a budget will be easy. A budget is a summary of estimated income, and discretionary & non-discretionary expenses. Budgets help you figure out where your money is coming from and where it should be going. This enables you to spend and save money more wisely. Budgets are especially important when you study abroad and are away from family support during emergencies. If you have done your financial planning and tracking properly, your personal balance sheet will be your first step to creating your first monthly budget. Next, follow these simple steps - Calculate your monthly income based on this balance sheet. Your income will include all money that you earn through part-time jobs and scholarships as well as any allowances you get from your parents or through an education loan. Make a list of your monthly expenses. This list should include all your fixed as well as variable expenses including tuition, rent, utility bills, food, transport, entertainment, etc. Next, separate the non-discretionary expenses like rent and utility bills from discretionary expenses like entertainment.  Set aside money for non-discretionary expenses as a priority. This is money you are not allowed to touch for anything other than its designated purpose.  Set aside money for savings and emergency funds. You don’t have to save a huge amount but do try to keep aside at least some money for this every month.  Make any adjustments that may be required. Cut expenses where possible and adjust savings where no other options are left. And voila! Just like that, you have your first budget! Good monetary habits Good monetary habits teach you financial responsibility and maturity. When you study abroad, you do not always have your family to rely on during emergencies. By practicing these, you ensure that you do not end up in sudden financial emergencies that cause you to incur debt.  Image by Maithree Rimthong on Pexels Financial planning and budgeting are some good monetary habits. Another important habit is avoiding unnecessary expenses. Avoid buying expensive clothes or gadgets that you don’t need. Avail of student discounts wherever possible. Use the library. Use public transport. Save money wherever you can.  Pay off your debts. Try not to buy anything on credit or borrow money unnecessarily from your friends. Only buy what you can reasonably afford. S Saving money may involve sacrifices. You may have to cancel a trip with your friends or miss out on going to an expensive restaurant. Keep in mind there will always be time for those things. By planning for the long term instead of focusing on short-term pleasures, you are making sure that you enter your working life on solid financial ground.  Pay your bills early and on time. Not being prompt with your payments causes you to accumulate late fees which can easily drain your resources and unbalance your budget.  Another important monetary habit to build when you study abroad is to always have an emergency fund. This fund can help you pay sudden expenses, like if you lose your phone or if your laptop needs repair.  Image by Liza Summers on Pexels Conclusion Financial planning is the first step towards financial responsibility and eventual financial independence. Your parents were able to send you to your dream college because they were fiscally responsible, saved money, and invested in child investment schemes to ensure the best future for you. The best way you can pay them back is by learning to be financially responsible yourself.  Your attitude matters. If you are not resolute about sticking to your budget, your financial planning will be futile. No financial goal is as difficult as it seems once you have your personal balance sheets and budgets in place. Welcome to adulthood!
Benefits of overseas education

Benefits of overseas education

Studying overseas does not just mean moving away from home to go to school elsewhere. It is an experience, overseas education can help broaden your mindset and add value to your life. It is the beginning of a series of changes that you are likely to experience as you move to study abroad. While things may seem uncertain in the beginning, don’t worry, because it only gets easier. In no time, you will find yourself surrounded by diverse people who think differently, speak different languages, and have unique skills. It is the beginning of self-discovery. Over time, you will likely begin to find that your mindset has broadened far beyond what it once was. Suddenly, you are not limited by the beliefs that you grew up with or the thought processes you had before.  This is just the beginning, the proverbial tip of the iceberg. 1. Coming out of your comfort zone Indeed, traveling to a foreign country does not just mean getting out of your country. Instead, it starts with you coming out of your comfort zone. There are plenty of things that go into preparing yourself to study abroad, and these all eventually contribute to you becoming a more well-rounded, capable adult in the long term.  Getting ready to move away, knowing that you will be leaving your friends and family behind for some time, while they cheer you on from afar - this itself can be a challenge. Nothing worth having comes easy. - Theodore Roosevelt Sure, it may seem uncertain and you may have plenty of doubts in your mind, but remember, you are about to embark on the journey of a lifetime. The experience will show you new things, expose you to a new way of thinking and reveal to you beauty that you could never have imagined. At the same time, there are plenty of new responsibilities and things to take care of. All of these things are about to contribute to you becoming a much more comprehensive and mature person in life. 2.  Living in a multicultural society When you move abroad to study, especially in countries like the USA, Australia, Canada, Europe, and New Zealand, you will find students of different backgrounds, cultures, and races from different parts of the world. Meeting individuals from different cultures and interacting with people from different origins is an excellent way to broaden your mindset. You will experience firsthand what makes other cultures great, and learn things from them that you would have never otherwise known about.  New languages, speech patterns, expressions, delicious food, and more are just some of the things you will get to enjoy when you study abroad that will greatly benefit you to develop a broader understanding of the world we live in. 3. Getting used to living Independently At home, it is easy to get used to having things done for you. Once you have moved out, it can be difficult at first to adjust to doing everything by yourself. This means managing your grocery shopping, laundry, cooking, household chores, and more before you even have a chance to sit down to study. Now while this may seem like a bad thing, the opposite is true in the long term.  The level of responsibility and independence you will experience is just what you need to develop the life skills that contribute to a well-rounded life. Finally, you can take control of your life completely, and the feeling it gives you can be exhilarating. 4. Experimenting and trying new things While it may be slightly more challenging to find the same food and kind of people that you are used to, that is not the point of studying overseas. Instead, you’d want to immerse yourself in the new and unfamiliar. This is the single most effective way to experience new things and broaden your horizons. Trying out new kinds of food from diverse cuisines, speaking to people from lesser-known cultures, and getting to know what life is like for them will give you a much deeper perspective on life.  You will find that many of the things we take for granted are in fact blessings that others might not be used to. All of these experiences will help you grow as a person and gain a greater appreciation for life and where you come from. You could soon find yourself in the company of greats who excelled in life after studying abroad. 5. Adapting to change Getting used to a new way of life is a big part of studying abroad. At first, moving to another country can be extremely difficult and intimidating. Students often have second thoughts just before leaving - about whether or not they want to go through with it. This is for good reason.  There is a good chance that it will be a while until you see your family and friends again, do the same things you are used to, and stay in your own house. Instead, you are likely to be looking for shared housing, trying to work out your daily routine, finding the bus route to your university, and much more. Since you are about to experience a whole new lifestyle, it can be easy to get overwhelmed by the sheer amount of changes that you will go through within the first few weeks.  Rest assured, you can get through it, just like everyone else eventually does. Once you get used to a new way of life, you can start to enjoy living it the way you want to. Especially in the start, it helps to build a strong group of friends that you can speak to whenever you feel low or unmotivated. Conclusion Studying abroad is one of the most exciting and challenging things young students can do in their lifetimes. Filled with new experiences, challenges, and triumphs, many students come out of the experience unrecognizable from when they first arrived.  Traveling to a new country, trying out new food, and studying under a different education system are just some of the things that you are about to go through. With that said, the best way to help you along your journey is to find a group of like-minded students who are going through the same thing that you are. Helping each other cope and thrive through challenges is a powerful way for you to build a strong support group in your new home away from home. No matter which country you choose to study in, you are sure to jump straight into a new world that would allow you to grow as a person, develop your personality, and broaden your mindset.  Our sincere advice would be to embrace the change, be excited to learn new things, and most of all, enjoy yourself along the way! Consult an expert advisor to get the right plan TALK TO AN EXPERT
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