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Top Boarding Schools in the USA for International Students: Embark on a World of Opportunity

Top Boarding Schools in the USA for International Students: Embark on a World of Opportunity

For international students seeking an exceptional education and a vibrant cultural immersion, boarding schools in the USA offer a compelling path. Renowned for their academic rigour, diverse student communities, and enriching environments, these institutions equip students with the knowledge, skills, and global perspective needed to thrive in an interconnected world. Top 5 Boarding Schools in the US for Indian Students Phillips Exeter Academy (Exeter, New Hampshire):This prestigious co-educational school offers a rigorous academic program with a unique Harkness Method, emphasizing active student participation and discussion. It boasts a vibrant campus life and a strong alumni network. (Estimated annual fees: $65,789 USD) The Lawrenceville School (Lawrenceville, New Jersey):This co-educational school fosters intellectual curiosity and global citizenship. It offers a diverse range of academic programs, including the IB diploma, and encourages active participation in extracurricular activities and community service. (Estimated annual fees: $63,000 USD) Choate Rosemary Hall (Wallingford, Connecticut):This historic co-educational school emphasizes academic excellence and character development. It offers a wide range of academic programs and boasts strong arts and athletics programs. (Estimated annual fees: $70,370 USD) The Taft School (Watertown, Connecticut):This co-educational school is known for its commitment to academic excellence and fostering well-rounded individuals. It offers a rigorous academic program alongside a variety of extracurricular activities and opportunities for leadership development. (Estimated annual fees: $77,250 USD) Loomis Chaffee School (Windsor, Connecticut):This co-educational school fosters academic curiosity and personal growth. It offers a diverse range of academic programs, including the IB diploma, and encourages community engagement and social responsibility. (Estimated annual fees: $74,549 USD) Factors to Consider for Top US Boarding Schools Before embarking on this exciting journey, several crucial aspects deserve careful consideration. Academic requirements vary between schools, with some requiring standardized tests like the SAT or ACT and others conducting their own assessments. Researching these requirements and ensuring strong academic performance is paramount. The cost of attendance is another significant factor. While US boarding schools are known for their diverse range of options in terms of cost, it's essential to be prepared for a significant investment. Explore scholarship options offered by schools, the US government, or private organizations to potentially lessen the financial burden. Obtaining a student visa is vital for international students. Familiarize yourself with the application process and required documentation well in advance to avoid delays. Adapting to a new cultural environment can be enriching but also potentially challenging. Researching American customs and embracing the experience with an open mind will help ease the transition. Remember, many schools offer support services and resources to help international students adjust smoothly. Join our WhatsApp Community to learn more! Conclusion A US boarding school education can be a transformative experience, equipping students with academic excellence, cultural understanding, and lifelong friendships. With careful planning, research, and an open mind, international students can embark on a journey of academic and personal growth, preparing them to succeed in a globalized world. Remember, this blog serves as a starting point. Contact the schools directly and conduct thorough research to make the best decision for your unique educational aspirations. Start investing for your child's college!
Top Boarding Schools in Canada: A Promising Path for Indian Students

Top Boarding Schools in Canada: A Promising Path for Indian Students

For Indian students seeking a world-class education and an enriching international experience, boarding schools in Canada offer a compelling option. These institutions, known for their rigorous academics, diverse student bodies, and supportive environments, can equip students with the skills and knowledge needed to thrive in a globalized world. List of Top Boarding Schools in Canada for Indian Students Brentwood College School (Mill Bay, British Columbia):Known for its oceanfront location, progressive approach, and diverse student body, Brentwood offers a strong academic program alongside various extracurricular activities and outdoor pursuits. (Tuition Fees 2024/25 - International Boarding - $96,300) Albert College (Belleville, Ontario):This co-educational school boasts a long history and a commitment to fostering well-rounded individuals. It offers a balanced academic program with opportunities for leadership development and community service. (Tuition fees for international boarders - $78,760 CAD for Grades 7-8, and $85,500 CAD for grades 9-12) Shawnigan Lake School (Shawnigan Lake, British Columbia):Located on a beautiful lakefront campus, Shawnigan Lake provides a rigorous academic program focusing on experiential learning and character development. The school boasts strong athletics and arts programs. (Tuition fees for international boarders - $94,500 CAD) Lakefield College School (Lakefield, Ontario):This co-educational school offers a unique combination of academics and outdoor education, fostering a love of learning and a connection with nature. It features a bilingual program and encourages international cultural exchange. (Tuition fees for international boarders - $82,400 CAD) Trinity College School (Port Hope, Ontario):This historic school emphasizes academic excellence and personal growth. It offers a diverse range of academic programs, including the IB diploma, and boasts strong arts and athletics programs. (Estimated annual fees: $72,000 CAD) Exploring the Options at Boarding Schools in Canada Canada boasts a diverse range of boarding schools catering to various needs and preferences. When selecting a school, consider factors like location, size, academic programs, and extracurricular activities. Popular choices among Indian students often feature: Smaller schools with close-knit communities: These create a warm and supportive environment, ideal for students seeking personalized attention. Schools with a strong focus on STEM programs: These cater to students interested in pursuing careers in science, technology, engineering, and mathematics. Schools offering the International Baccalaureate (IB) diploma: This internationally recognized program equips students with critical thinking, research, and communication skills valued by universities worldwide. Join our WhatsApp Community to learn more! Conclusion: A Canadian boarding school education can be a transformative experience for Indian students. With careful planning, research, and an open mind, students can embrace this opportunity to excel academically, broaden their horizons, and prepare for success in a globalized world. Remember, this blog serves as a starting point. Contact the schools directly and conduct thorough research to ensure you make the best decision for your educational journey. Start Investing
Countries under 50 lakhs for your child's masters!

Countries under 50 lakhs for your child's masters!

Studying abroad is becoming the norm with thousands of Indian students applying to foreign universities every year. The reason behind the trend is better job opportunities, global exposure, and a chance to enter the international workforce. But studying abroad can be expensive, from tuition fees to living costs the expenses can pile up quickly and scare any parent. That is why here is a list of countries under 50 lakhs for your child’s master that you can consider! Want to learn more about studying abroad? Join our WhatsApp Community! 1. Ireland  Ireland tops the list of countries under 50 lakhs for your child’s master. The country is home to some top-notch universities offering diverse programs, scholarships, and post-study work visas to earn back in Euros! Ireland offers incentives like shorter courses – one-year programs, flexibility in curriculum to take up part-time jobs, and placement opportunities. The cost of studying master's in Ireland can range from Rs. 30 – 45 lakhs, and students can opt for cheaper accommodation like homestays, shared rooms, and dorms to reduce living expenditure and work during free time to make up for the cost. There are many scholarships, fee waivers, and government incentives that can help your child stay within the budget even in a foreign country!  2. Singapore   Singapore is another brilliant destination to consider if your child is on a budget. The average cost of studying in the country is 50 to 55 lakhs. There are amazing part-time job opportunities to keep up with the living expenses of studying and living in the country. Singapore can be more expensive, especially when compared to other Asian countries. Singapore is a go-to place if your child wants to study STEM courses and build a career in a similar field. Another great incentive to apply to Singapore from India is that its top universities recognize popular entrance exams like JEE and GATE as a part of the application process!    3. Netherlands  The Netherlands is an unexplored destination and at the top of countries under 50 lakhs for your child’s masters! Higher education in the Netherlands is subsidized to make it affordable and accessible to a majority of students. The tuition fees vary based on the course your child chooses but the average cost of attendance is generally between Rs. 6 - 15 lakhs. The application process is simple and similar to the UK or USA registration process. The country is great if your child is on a budget, wants to explore different European countries while studying, and wants to send your child to a safe country.   Additional read: Can your child do an MBA in Canada for under 40 lakhs? 4. Germany Germany is famous for offering tuition-free college experience. While that may be true for some degrees and some qualified students, it is not uniform. Public universities charge mandatory semester fees (Rs. 8 to 30k) to students while private universities charge tuition fees that can go up to Rs 1 to 2 lakhs per semester. The monthly cost of studying in Germany is somewhere between Rs.60 to 70k depending on where your child is staying and their daily expenses. While Germany is not cheap, it is cheaper to pursue a master's in comparison to countries like the UK, USA, or Australia. 5. Hungary  Hungary is one of the countries under 50 lakhs for your child’s master. The country is home to nearly 35,600 international students and offers tuition fees in the range of Rs. 2 to 3 lakhs. Technical courses like Medicine and Engineering may cost more than the average tuition fees. The cost of living in the country is similar to that of Germany, it can cost anywhere between Rs. 60k to 70k to live in the country.      If you and your child are on a budget then these countries under 50 lakhs for masters are a great alternative. They offer quality education, quality life as well as global exposure. With saving and budgeting, you can easily take care of this cost and uplift your child’s future!  Consult our Study Abroad Experts FAQs Which country is the cheapest to do a Master's for Indian students? Some countries, such as Germany, Russia, Ukraine, Hungary, the Netherlands, Singapore, Norway, and Ireland, offer affordable master's degrees for Indian students. Which country is the cheapest to study for international students? There are many countries that are considered cheap for international students. Some of them are Germany, Russia, Ukraine, Hungary, Netherlands, Singapore, Norway and Ireland. Can I study abroad for 20 lakhs? Yes, it is possible to study abroad in 20 lakhs. There are many post-diploma courses and short-term courses for 6 months or 1 year that can cover your fees and cost of living.
How do you need to save to send your child to Cambridge?

How do you need to save to send your child to Cambridge?

Did you know that international students have to pay college fees on top of tuition fees to study at Cambridge University? This is why you need to save to send your child to Cambridge University. UK’s oldest and top institute with the lowest acceptance rate and skyrocketing tuition fees – getting admission at this college is not enough. From expensive tuition costs to living expenses costing £12,400 on average (11-12 lakhs yearly), the need to invest and save is urgent! Suppose, if your child goes for an MBA in this university, he or she will have to pay Rs 58 to 59 lakhs per year for tuition fees. Similarly, if your child is going for BTech or MBBS here, he or she will have to pay somewhere around Rs 33 – 58 lakhs per year for tuition fees. How do you need to save to send your child to Cambridge?  1. Preparing an education fund  Preparing an education fund helps in growing your financial corpus. You can do this by investing in financial assets which have a longer-term plan. These plans include mutual funds, ETFs, and so on. Start by deciding your monthly budget. Choose an investment plan which suits your need and budget. Make sure that you do not invest in a plan which offers low returns. ULIPs are a really good option if you are saving up for your child’s education at the University of Cambridge.   Public Provident Fund is another great option that you can go for. Parents prefer going for PPF because it provides a specific interest rate and is extremely secure. Apart from this, you must always prepare a long-term investment option.   Start Investing in Mutual Funds 2. Balanced investment options  Fixed deposits are great ways to invest but do not beat inflation. You cannot rely on them for the long term since they provide fixed returns of 5-6% while inflation in the current economy averages around 7-8%. The chances are that as an investor, you will lose the opportunity to gain from the markets.   Equity funds will be a good option for you if you start early as a parent. Around eight to ten years are required for you to build the right amount of corpus. You can go for SIPs in equity funds because they have a good return value and do not require heavy sums of money in one go.   Equity exposure until five years to the date of maturity can prove to be extremely beneficial. In the last decade, equity mutual funds have delivered an average return of 15%.   If you consider yourself a moderate-risk investor, you can still invest 60% to 70% of your total investment amount in equities. Make sure that you have a sufficiently long investing horizon so that you can counter crashes and volatility. Remember investing is risky but a good plan and a great advisor can help you manage your money better even in the worst climate.    Start Investing in US Market 3. Aggressive investment options  Equity investment leads to higher risk but also good returns. If you want to add more options to your portfolio, you can go for aggressive investments. In such a type of investment option, the investor takes on more risk to that he or she can achieve a higher potential return. Investing in stocks is a way of doing so. Although it is quite volatile and requires daily inspection, it has the potential to offer a chance for greater gains when compared to other types of investment.   Some other types of aggressive investment options are stock mutual funds, real estate investment trusts, hedge funds, emerging markets, small-cap stock funds, private equity, foreign stocks, global funds, and so on.  There are many ways to save to send your child to Cambridge but all start with smart planning for the right cost with the right experts. If you want the best for your child’s education, connect with us!  FAQs What are the fees of the University of Cambridge in Indian rupees? Tuition fees - 21.57 - 56.31 lakhs. Is Cambridge expensive for students? Ans. Yes, the University of Cambridge is generally considered expensive for students due to tuition fees, living costs, and other associated expenses. However, scholarships, grants, and financial aid options are available to help mitigate the costs for eligible students. How much does it cost to go to Cambridge for 4 years? Ans. The expected four-year cost of tuition for members of the class of 2026 who were admitted in the fall of 2022 is $71,364. The anticipated four-year cost of enrollment, including living expenses and personal fees, is $132,625. Talk to Our Experts
What is the cost of studying at Oxford University & how to save?

What is the cost of studying at Oxford University & how to save?

Oxford University ranks first in the global subject rankings for humanities and life science. According to QS World University Rankings (Quacquarelli Symonds), Oxford is the second-best university in the world. As per CNBC, it costs above £39,010 (37 Lakhs) to study at Oxford for international students. However, the price may vary as per personal circumstances and course structure.  If you are willing to know how much I need to save to send my child to oxford university? and the costs associated, read the full piece below. Start Saving for Child Education What are the primary University education costs for Indian students? The primary educational costs that you must cover to send your child to Oxford debt-free include -  1. Tuition fee Tuition fees for undergraduate students can range from 15-56 Lakhs at the University of Oxford. The courses like MBA and Engineering have slightly high tuition fees in Oxford. The tuition fee for courses at the University of Oxford CoursesDurationTuition fees (In rupees)Medicine and Healthcare6 years₹17 LakhsMBA1 year - 21 months₹37 - ₹56LakhsEngineering4 years₹21 lakhsScience9 months - 4 years₹16 - ₹36 lakhsArts3 - 4 years₹16 - ₹17 lakhsInformation Technology1 - 3 years₹19 - 23 lakhsManagement13 months - 3 years₹16 - 21 lakhs 2. Application Fee  The application fee at the university is ₹7,169 (£75) for every course. The students must pay this in GBP (British Pound Sterling) by credit or debit card. 3. Student Visa costs If you are planning to stay at the University of Oxford for over 6 months, you will need a student visa. The short-term visa may cost you up to ₹9,000. If you plan to live for an extended period (11 months or over), the cost for the same will be about ₹17,000. 4. Monthly costs of living  The monthly costs of rent, food, stationery, social activities, and personal items at the University of Oxford costs around ₹1,16,187.78. So, you nearly have to save around ₹5,148,845.26 (5 crores) to fund your child’s Oxford dreams. Intersted in taking Education Loans? Ways to Save for a Child’s Oxford University Dreams 1. Tap into scholarships There is an array of scholarships for Indian students to Study at Oxford. One can leverage a scholarship of up to £30,000 per annum. These include Felix scholarship for Indian Students. It enables Indian students to study any undergraduate course at the University of Oxford. It covers 100% of course fees and living cost grants. Chevening Scholarships for Indian students seeking post-graduation at Oxford with good leadership skills. Commonwealth Scholarship and Fellowship plans Oxford and Cambridge Society of India (One can qualify for a scholarship of up to ₹4,00,000) Oxford Weidenfeld & Hoffman Scholarship for PG programs for Indian students seeking to serve their nation. 2. Invest in 529 Fund 529 fund helps one avoid tax on additional educational expenses. One can withdraw money tax-free to cover university and vocational expenses. The fund can be used to finance Oxford studies. Please enquire about the eligibility before leveraging it for a particular university. Using the fund, one can cover expenses like-Tuition fees, stationery, equipment, and room. It does not cover travel or basic living expenses. 3. Apply for education loans Student loans are another alternative to cover your child’s Oxford degree and can be used as a last-minute resort. At Edufund, you can get easy education loans up to 1 cr for your child. This all-digital process offers you low-interest loans with no hidden charges, fast approval, and no collateral for up to ₹75 lakhs. 4. Graduate teaching assistance program The Graduate Teaching Assistance Program is ideal for students pursuing Doctorate or Postgraduate programs at the University of Oxford. It covers a partial tuition fee cost. Instead, he may be paid a salary or internship for the services. It is calculated based on the hours one contributes. It helps cover the university’s educational expenses. 5. Tap into the departmental concessionary fee scheme The University of Oxford provides fee reductions for short-term courses for international students. It is for Weekly classes, Weekend events, Lecture Series, and Weekly Oxford Worldwide programs. It ensures a 50% tuition fee reduction for low-income international guardians. One must be a full-time international student with a UK state benefit. FAQs How much does it cost to study at Oxford University? The cost of studying at Oxford University is different for every course. As per CNBC, it costs above £39,010 (37 Lakhs). The official website has listed that it costs between £28,950 and £44,240 to study at Oxford for international students at the undergraduate level. While the cost of living in the city is approx. £16,560. How much does Oxford cost for international students? The official website has listed that it costs between £28,950 and £44,240 to study at Oxford for international students at the undergraduate level. Whereas for domestic students, it is capped at £9,250. How many Indian students are at Oxford University? According to their website, there are 497 Indian students enrolled at Oxford University. TALK TO AN EXPERT
The Ultimate Guide to Best Child Investment Plans to Invest in India

The Ultimate Guide to Best Child Investment Plans to Invest in India

When it comes to quality education, Indian parents leave no stone unturned. To safeguard your child’s future against all odds, you need a child investment plan. With the growing cost of education, saving for multiple goals like school, higher education, college, marriage, and house, and keeping up with different education needs like gadgets, school trips, books or the best child education plan is becoming harder for Indian parents.   A child investment plan helps you manage all these expenses timely and seamlessly. It helps you create a solid plan based on your child’s unique goals. With a good investment plan, you not only secure their tomorrow but you save money in terms of taxes and reduce the looming threat of financial stress on your family. In this blog, we cover all you need to know about the best saving plan for your child and how easy it is to secure your child’s bright future! https://www.youtube.com/watch?v=OQlg-E5rhBM&t=3s Child Investment Plans - A Guide The entire blog is divided into chapters for you to easily browse! Chapter 1: Best Child Investment Plans   Chapter 2: Importance of Child Investment Plans   Chapter 3: Benefits of Child Investment Plans   Chapter 4: The right time to invest in child investment plans   Chapter 5: Key milestones to plan for child investment plans   Chapter 6: Types of Child Investment Plans  Chapter 7: Child Investment Plan Calculators    Chapter 8: How to choose the right child investment plan There is no better gift that a parent can give to their child than the promise of a secure future. There are critical aspects that a parent should never ignore like the rising cost of education, stationary, books, medical expenses, etc.  Here are some of the best-saving child education plans:  UTI CCF – Investment Plan – Growth Direct child plan Tata Young Citizens’ Fund Direct-Growth Child Plan HDFC Children Gift Fund Direct Plan Child plan Axis Children’s Gift Direct No Lock in Growth Child plan SBI Magnum Children’s Benefit Fund Direct-Growth Child plan Aditya Birla Sun Life Bal Bhavishya Yogna Direct-Growth child plan LIC MF Children Gift Fund Direct Plan Child plan 1. UTI CCF: Investment Plan: Growth Child investment plan  The fund is investing predominantly in equity and equity-related instruments across market capitalization. The fund has invested 98.21% in stocks, 0.12% in debt, and the remaining 1.66% in cash. The fund has a diversified portfolio that consists of 55 stocks. The fund follows a growth style of investing which means that the fund invests in stocks with high growth potential. The fund has given consistent performance over the period. Parents who want to invest in a child’s education investment plan can consider this as one of the options. Invest now 2. Tata Young Citizens’ Fund Growth Child investment plan   The fund is investing predominantly in equity and equity-related instruments across market capitalization. The fund has invested 97.88% in stocks and 2.12% in cash. The fund has a diversified portfolio that consists of 55 stocks. The fund has given consistent returns with lower volatility. Parents can consider this plan as one of the child’s investment options to save for the best child education plan.  Invest now 3. HDFC Children Gift Fund Plan child investment plan: (HDFC investment plan for child) The fund is investing has invested in different asset classes including equity and debt. The fund has invested 66.88% in stocks, 24.67% in debt, and the remaining 8.45% in cash. The fund has a diversified portfolio which consists of 46 stocks and 16 bond holdings. The fund follows a growth style of investing which means that the fund invests in stocks with high growth potential. The fund has given consistent performance over different trailing periods. Invest now 4. Axis Children’s Gift No Lock in a Growth Child Investment plan   The objective of the fund is to generate income by investing in debt & money market instruments along with long-term capital appreciation through investments in equity & equity-related instruments. The fund has invested 70.08% in stocks, 18.84% in debt, and the remaining 11.08% in cash. The fund has diversified its investment in different asset classes to minimize the risk and maximize the returns. The fund’s focus is to reduce volatility and enhance returns. Invest now 5. SBI Magnum Children’s Benefit Fund Growth child investment plan  The objective of the fund is to provide the investors an opportunity to earn regular income predominantly through investment in debt and money market instruments and capital appreciation through an actively managed equity portfolio. The fund has invested 22.25% in stocks, 48.05% in debt, and the remaining 29.67% in cash. The fund has very low volatility as the major portion of the money is invested in debt and debt-related instruments. Also, the fund holds AAA-rated quality bonds. The fund is the best saving plan for a child’s future as the volatility is low and has delivered good returns. Invest now 6. Aditya Birla Sun Life Bal Bhavishya Yogna Direct-Growth child investment plan   The investment objective of the Wealth Plan is to seek the generation of capital appreciation by creating a portfolio that is predominantly investing in equity & equity-related securities and debt and money market instruments. The fund has invested 98.64% in stocks and 1.36% in cash. The fund has invested across sectors and follows a growth style of investing with a major portion invested in large-cap companies. Parents planning to save for their child’s future can consider investing in this fund. Invest now 7. LIC MF Children Gift Fund Child investment plan - (One-time investment plan for a child in LIC)   The primary investment objective of the fund is to seek to generate capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity securities & equity-related securities and the secondary objective is to generate consistent returns by investing in debt and money market securities. The fund has invested 86.36% in stocks, 3.82% in debt, and the remaining 9.82% in cash. The fund is a consistent performer and has delivered good returns over the period.   Invest now Importance of child investment plans Child Investment plans for children help you and your child prepare financially for growing education costs, unanticipated illnesses, and bad circumstances. Planning for your child’s future must begin as soon as feasible. This lengthens the time frame over which your assets can increase and balances the associated risks.   1. Funding for children’s education  As your child gets older, a significant portion of your resources will go into paying for your child’s education, thus preparing for higher education is essential for guaranteeing their future. You may generate the money required so that your child can follow their ideal job by investing in their education. With college costs increasing, every day matters when it comes to being financially prepared for your child’s education. Get in touch with our experts at EduFund and you can save up to 2.5 Cr by starting today.   2. Flexibility to withdraw part of funds  By selecting a child investment plan that gives you the freedom to withdraw funds as per your kid’s requirements, you may easily access a portion of your funds while the remainder of your investments continue to grow.  3. Protection against uncertain times  Many of the best child education plans have advantages including premium waivers. This makes it such that, in the sad event that anything bad happens, future premium payments won’t be necessary. The investment yields a lump sum payment upon maturity and grows without the requirement for premium payments. This guarantees that no matter what, your child’s dreams are protected.  4. Different investment options for your child  Fixed deposits and other traditional products might not be enough to cover your child’s college costs. Other products like equities funds, balanced funds, and shares should be taken into account. You can select one of the following investment strategies depending on your time frame:  The best option is debt mutual funds if your child will need the money within five years. Such funds can provide liquidity while producing returns that are more than the rate of inflation.  You can mix several financial products for long-term aims. You have the option of investing in gold, stocks, and debt. Although exposure to the stock market is hazardous, investing in equities gives investors the chance to generate larger profits over the long run.  PPF is one of the greatest investment options for financing a child’s education. To establish a sizable corpus, you must begin this early and invest steadily.  Numerous insurance providers provide a range of kid-focused solutions. When your child needs the money to pursue further education, you may choose to implement more mature policies.  5. Investment strategy for children’s investment plan  List concrete objectives from the outset, such as the child’s desired schooling and associated fees. This will enable you to estimate how much you can afford after paying all of your usual bills and how much you need to save each month. You must keep in mind, though, that loans can also be used to pay for education. Saving for your child’s education does not, therefore, require you to forgo other expenses like healthcare and retirement. Reduce your stock exposure as the financial objective approaches to lower the chance of negative market moves. Benefits of child saving plans 1. Financial security   Savings plans for kids offer a lump sum payout in the form of the claim amount in the event of an unexpected circumstance. The plan is still in effect, and the life insurance company is responsible for all future premium payments. The payoff received after the insurance period guarantees that your children’s wishes will always come true.  2. Tax benefits Additionally, these plans provide Section 80C  tax advantages on premiums paid up to INR 1.5 lakh in a fiscal year. According to Section 10(10D) of the Income Tax Act of 1961, the pay-out received after the policy term is likewise tax-exempt.  3. Education costs benefits   Almost all parents, when asked about their top worry for their child’s future, will quip about how expensive schooling has become in the modern world. It costs money to send your child to a decent school. Additionally, as the years pass, your child could opt to pursue other education that would cost the earth. Your financial load will be lessened if you make wise financial decisions and enroll in a kid insurance plan that matures throughout these seasons.  4. Withdraw part of the funds  After the policy term, child plans provide maturity benefits in the form of a lump payment. You may choose a maturity date based on how soon your child will require money in the future. Your investment accumulates a tidy corpus over the course of the term, which is sufficient to pay for your child’s dreams.  5. A habit of saving  As we have indicated, childcare plans offer the benefits of both insurance and investment. Go back to your financial plan before purchasing a child care plan and estimate your financial needs at each stage of life. Determine the expenses you are saving for, such as elementary and secondary education, college, a wedding, etc. Additionally, evaluate your other obligations, such as a mortgage, and decide on an insurance plan that perfectly complements your financial strategy. Although it may at first seem like a nuisance, making regular premium payments will eventually become a habit that will serve you well as your child becomes older.  The right time to invest in child investment plans    The best time to start investing in the best child education plan is right now since there are several advantages to beginning early. The sooner you begin investing, the more you can eventually give your kids. Your biggest ally is time, so even if you just save a tiny amount today, it will eventually grow into a sizable corpus.   The power of compounding should be fully utilized in order to maximize the profits that will be created on any current investments you make. Starting to save for your children as soon as possible is a wise move. You may make sure that every monetary element of their lives is taken into consideration in this way. But it’s never too late to start saving. Even if you start saving while your kids are young (1 to 8 years old), you can amass enough money to support them as they age and their expenditures rise.  https://www.youtube.com/shorts/QbMu1WsEwl8 Here are some factors to help you determine the right time to invest in child investment plans:    a) Time Horizon When do you need the invested money and how long can you stay invested? Based on your time horizon and risk assessment you can take the help of a financial advisor to figure out the best child investment plan for your child’s needs. The benefits are often larger the longer the time horizon.  b) Risk Assessment What is your risk appetite? This is a very common question every investor should ask themselves before investing their money in any investment. Are you risk-averse or are you willing to take a risk? Based on your answer, you can figure out the best investments.    c) Cost of Education The average cost of your child’s future education must be considered as the second element. Costs for postgraduate education are sometimes greater than those for graduation, however, this varies per school. You should also think about whether you want your child to have a local education or a global education. You could also consider your child’s graduation in your own nation as well as their subsequent post-graduation in a foreign nation.  Key milestones to plan for child investment plans  There are key milestones that you need to focus on when planning your child’s investment plans. What do key milestones mean? It means certain events for which you need to be financially prepared like your child’s school, college, and marriage. It is important to keep these events in mind before allocating funds toward a child investment plan.   1. School  When budgeting and preparing their investment for their child’s education, parents should expect the primary school tuition price, and expenses like uniforms, books, extracurricular activities, transport fees, yearly vacations, picnics, etc., to be between (INR 1.25 – 2 lakh per year).  2. Higher education  The yearly cost of study and living is the first and most important element that one has to take into account before enrolling in college. Universities offer housing on their campuses for both domestic and international students. However, if the institution you have selected to attend does not provide this amenity, you may simply obtain personal accommodations. Following is the estimated cost of studying UG and PG courses from India and abroad:   Govt Colleges in India will cost around Rs 5-6 lakhs.  Private Colleges in India will cost around Rs 8-10 lakhs.  Studying Abroad can cost up to INR 1 crore.  3. Marriage  Although it is stated that marriages are created in paradise, they take place on Earth and require a lot of money to make them memorable. You arrange your “Big Day” to be a special occasion for both you and the family that attend the ceremony. The Indian wedding market is presently worth over Rs. 1,000 crores and is expanding quickly, at a pace of 25–30% annually. The average cost of a wedding in India ranges from INR 20 lakhs to 5 crores. According to estimates, the average Indian spends one-fifth of his lifetime earnings on his wedding. Also, you need to assemble a skilled team, including event planners, florists, caterers, and fashion designers, to make your special day extraordinary. https://www.youtube.com/watch?v=uYlrsx9_yog Types of Child investment plans for girl and boy child There are several types of child investment plans to consider your child’s unique goals. Based on your risk assessment, time horizon, and your child’s education goal, you can choose one or more child investment plans to give your child an edge. Here are the different types of child investment plans you need to consider:   1. Sukanya Samriddhi Yojana  Sukanya Samriddhi Yojana is a unique child investment plan for parents of a girl child. This is offered by the Indian government to encourage parents to save and invest in their daughters early on. The main objective of the SSY program is to encourage parents to make substantial financial commitments to a strategy for their daughters’ future education and marriage.  Parents who have girls under the age of ten can invest in the SSY program. The SSY program investment is locked in for 21 years post-account opening. After the account is opened, the parent is allowed to invest for a total of 15 years. Investments made in SSY accounts are eligible for tax deductions under Section 80C of the Income Tax Act of 1961. Each year, a minimum investment of ₹250 must be made, and a maximum investment of ₹1,50,000 may be made. SSY accounts can be opened and utilized at any location of an accredited bank or the India Post Office.  2. Equity Mutual Funds  When your child is still small and you have at least 15 to 20 years till retirement, it is excellent to begin investing in equities mutual funds. This enables you to withstand shocks like stock market collapses and volatility. Equity investing is not for everyone since it demands technical expertise and the capacity to keep current. To choose equities mutual funds is, therefore, the better option.   These are managed by professionals who are aware of how to choose the least hazardous stocks while still making sure that your money grows over time. You may put together a portfolio of equity mutual funds just for your child’s schooling. When your child is 4 or 5 years old, you may accomplish this by creating an account specifically for children and choosing Systematic Investment Plans (SIPs) in risky products like equities mutual funds. Then, when you and your child become older, you can take a more conservative approach.  3. Public provident fund (PPF)  Parents continue to favor PPF even after the government lowered interest rates on provident fund accounts. Because you cannot take the corpus until the conclusion of the 15-year maturity period, PPF deposits promote discipline. You may build your corpus for educational purposes because the principle, interest, and total maturity amount are all tax-free.  You may rest certain that your money is secure because the government backs PPFs. However, because PPFs’ official interest rates have already decreased, relying only on them can result in a cash flow problem. Build your portfolio to provide larger returns to prevent this. For your child’s future, choose a well-balanced investment portfolio that includes both PPFs and Unit Linked Insurance Plans (ULIPS).  4. Direct Equity  Direct equity, sometimes referred to as stock investing, is perhaps the most effective investment strategy. You get a stake in a company when you buy stock in it.  You are personally responsible for funding the business’s growth and advancement. You need to have the necessary time and market knowledge to make money from your investment.  Publicly traded companies provide their stocks on reputable stock markets. Stocks are the finest long-term investments. You must actively manage your assets since several economic and commercial factors influence shares. You must also be aware that profits are not guaranteed, and you must be willing to assume the associated risks.  5. Fixed Deposits  Banks and other financial organizations provide FDs as one sort of investment. You earn a fixed rate of interest for a predetermined amount of time after making a deposit. Compared to mutual funds and equities, fixed deposits offer complete capital protection and guaranteed returns.  You give in, though, since the rewards remain the same. The banks establish the interest rate on fixed deposits by the RBI’s policy review decisions, and it changes depending on the status of the economy. Despite being typical locked-in investments, fixed deposits are commonly accepted as collateral for loans or overdraft facilities by investors. A fixed deposit with tax advantages and a 5-year lock-in is also available.  6. Employee Provident Fund  The EPF is one of the investment vehicles geared toward retirement, and it enables salaried individuals to take advantage of a tax credit under Section 80C of the Income Tax Act of 1961. EPF contributions are often provided by the employer in addition to employee deductions that are typically made as a percentage of monthly wages.   Once it reaches maturity, the EPF withdrawal corpus is entirely tax-free. The Indian government also determines the EPF rates each quarter and provides a guarantee on your EPF deposits.  7. US stocks  By purchasing US stocks, you may gain exposure to the most well-known brands, like Nike, Starbucks, and other well-known companies like Tech Giants Google, and Apple. These businesses are well-known and present around the world. You may diversify your portfolio by investing in such businesses. Over the previous five years, the US dollar has increased. You acquire US Dollars when you invest in US stocks. When these assets are kept for a lengthy period, the value of your investment rises about the USD exchange rate.  https://www.youtube.com/watch?v=C2K84ePN4IU 8. National Pension System   The National Pension System is a more modern alternative for tax-saving investments (NPS). NPS plan subscribers must stay committed until retirement and can anticipate higher returns than those from PPF or EPF. This is true since the NPS offers plan choices that include stock investments. A portion of the tax-exempt NPS maturity corpus must be utilized to purchase an annuity that will give the investor a regular pension.  Child investment plan calculators   By using different child investment plan calculators, you can prepare yourself for the increasing cost of education. Child investment plan calculators like the mutual fund, SIP calculator, lumpsum calculator, and step-up calculator enable parents to make informed decisions about their child’s investment plans. These calculators will help you figure out how much you need to save every month and your one-time investment based on your investment choice. Let’s find out in detail how child investment plan calculators work.  1. Mutual fund calculator A mutual fund calculator is used to calculate and estimate the returns yielded via investing in mutual funds. There are two ways in which you can invest in mutual funds: lump sum (one-time investment method) and SIP (systematic investment at pre-decided intervals).   2. Lumpsum investment calculator When you invest in a mutual fund through the lump sum method, it means a single, bulk amount has been invested into a mutual fund scheme in one go. The user must enter the investment amount, duration, and expected return rate to get the estimated future value of the investment. The calculation is based on the following formula:   Future Value = Principal * (1 + r/100)^n where:   n = duration of the investment   r = Rate of return   For example, if you have invested a lumpsum amount of ₹50,000 in a mutual fund scheme for three years and have estimated the rate of return at 8% per annum, the future value of your investment is ₹62,986. 3. Systematic Investment Plan (SIP)   SIP is a method of investing in mutual funds that enables an individual to invest a fixed amount in a mutual fund scheme at regular intervals (monthly, quarterly, or semi-annual) instead of making a lump sum investment. The amount can be as low as ₹500 a month depending upon the selected fund. The aim of investing in mutual funds through SIP is to create wealth in the long run and to invest systematically over a long period.   4. SIP Calculator   The SIP calculator helps estimate the returns you would earn on your SIP investments. The user must enter the SIP frequency (monthly, quarterly, or semi-annual), the amount to be invested in each SIP, the investment duration, and the expected return rate to get the estimated future value of the amount accumulated at the end of the SIP tenure.   The calculation is based on the following formula:   FV = P [ (1+i)^n-1 ] * (1+i)/i where:   FV = Amount you receive upon maturity   P = Amount you invest at regular intervals   n = Number of payments you have made   i = periodic rate of return   Suppose, you invest ₹500 per month for 12 months at an annual rate of interest of 12%, the monthly rate of return will be 1% (which is 12% ÷ 12). Hence, the estimated future value of the amount accumulated at the end of the SIP tenure is ₹6405. https://www.youtube.com/watch?v=gmV3uxT7cSw How to choose between Lumpsum or SIP investment?   Both are great tools of investment for all types of investors. If you have a surplus and wish to invest the amount in a well-researched fund then the lumpsum tool is a great idea, it allows you to pool your money immediately. Another method is SIP which is extremely useful for investors with limited resources. It allows you to invest small sums of money at pre-decided intervals in a chosen mutual fund. The greatest benefit of investing via SIP is that it builds wealth in the long, and gives you the flexibility to choose the amount you wish to invest and your chosen timeline.    Another benefit of SIP investment is that you can stop it at any given moment or increase the amount if you have a surplus. A SIP investment works as a reverse EMI option where you have the flexibility to invest a portion of your income into your chosen fund and cultivate a disciplined manner of investing.    Suppose you wish to start saving for your child’s higher education and do not have a surplus amount to start with. This is where a SIP comes in, it allows you to invest a nominal amount in one or many mutual funds so that you do not miss out on the opportunity of saving and investing for your child’s future.    Investors can opt for both tools. You can start an SIP and place lumpsum orders on certain funds whenever you have a surplus of funds so that you can achieve your goals faster and more efficiently. 5. Step-up SIP calculator  Step-up SIP, also known as top-up SIP, is an automated facility through which SIP contributions can be increased by a predetermined amount, or a fixed percentage, at periodic intervals in sync with your financial goals and level of income.    The step-up SIP calculator gives you the future value of your SIP investments, increasing periodically by a given percentage. The user must enter the SIP frequency, amount to be invested in each SIP, investment tenure, the growth percentage of SIP investment, and the expected return rate to get the estimated future value of the amount accumulated at the end of the tenure.   If you want to step up your SIP in the future, it’s important to activate the option on your chosen fund and find the minimum SIP amount you may need to invest if you want to avail of this option in the future. For example, most funds allow you to activate the step-up SIP option if you invest a certain amount recommended by the fund. This is a great method to periodically increase your investments as your income appreciates and your goals shift.    A college cost calculator powered by EduFund is another tool to help with a child’s investment plans. The college cost calculator helps you as a parent to find out the future cost of studying and living in a new country and city. For instance, you want to send your child to the US to study MBA in 10 years. Fill out these details onto the college cost calculator and the calculator will tell you the exact cost of studying 10 years from now.   It accounts for inflation and increases in fees to help you save for the right amount so that your child’s dreams can soar high! Stop guessing, click here to find out how much you need for your child’s college. How to choose the right one-time child investment plan?  Choosing the right child investment plan is the toughest decision you will make as a parent. To help you simplify this process, here is a small checklist to guide you:  1. Know your financial goals   You may have multiple goals to achieve. But prioritize the goals that are important for you and have to be achieved within a restricted timeline. Always know what you are saving for. Remember to quantify your goal. How can you quantify the goal? Know what you are going to be spending on that goal by adjusting for inflation for the time period when you will be achieving that goal. In this case, the goal would be the child’s education. Now knowing what costs you are going to incur for your child’s higher education can be easily determined by using EduFund’s College Cost Calculator.   2. Find out your risk profile   Based on the phase of life you are in and the career stage you are in, you can figure out your risk profile. Usually, the risk profile can be determined by knowing what is time left to achieve the goal. Usually, short-term goals comprise less risky investments whereas long-term goals comprise very high-risk investments mainly for long-term capital appreciation.   3. Know your investment horizon   Always know what is the timeline for your investments. By knowing the time you have left for your investments, you can always plan better to have a proper time frame for your investments. Having a set timeline helps you prepare well in advance to make your investments and helps you achieve the goal more efficiently by knowing what amount you have to set aside periodically to achieve your goal. For example, equity-based education investment plan options are suitable for long-term investment horizons, whereas debt-based options are better for short-term investment options.   4. Analyze different investment options   Always perform a thorough analysis of any investment option before putting your money in it. Just don’t invest in any fund or instrument purely based on past performance. Other factors to consider while evaluating investment options are fundamentals of the fund, underlying asset or portfolio holding of the fund, cost of investing or expense ratio of the fund, downmarket capture of the fund, etc. All this will help you know the suitability of the best saving plan for your child for your portfolio.   5. Have a goal-based planning approach   Having a goal-based planning approach helps you tick all the boxes at once. It helps you plan your investments in such a way that it creates a well-diversified portfolio with proper periodical rebalancing to help reduce the overall portfolio volatility. A goal-based plan, takes your education investment plan objective, risk appetite, time horizon, and your disposable income into consideration and    6. Have an exit strategy   Have a well-planned exit strategy. If you don’t have proper liquidity at the time when you actually need the money, then you fall short of achieving your goal! But when you have a properly planned exit strategy, it ensures that one, your portfolio doesn’t have high volatility towards the end of your investment horizon, and two, your portfolio has the liquidity to achieve the goal you have planned for.   7. Choose the right investment advisor   Are you still confused about all the best saving plans for your child? Do not worry! This is when an Investment Advisor comes in to help you achieve your goals and make the entire investment journey smooth for you. An Investment Advisor understands your goals, your timeline, your requirements, etc., and formulates a customized plan to get you closer to achieving your goal. The Advisor also periodically rebalances your portfolio so that your investments do not face very high risk and volatility. Choosing the right Investment Advisor can be a deal breaker for you to achieve your financial goals, so make the right choice after completing the evaluation.
Best International Boarding Schools in India: You won't believe their fees!

Best International Boarding Schools in India: You won't believe their fees!

Indian parents spend nearly 5 - 6 lakhs every year on their child’s education. The emergence of nuclear families flared up the importance, of working partners, and the race for proving the best opportunity for your child has increased the demand for international boarding schools in India. If you are a parent struggling to decide the best school for your child then let’s examine some pros and cons of international boarding schools in India! Best International Boarding Schools Here is a list of the best international boarding schools found across India: Oakridge International School, Visakhapatnam Cambridge School Srinivaspuri, New Delhi Chinmaya International Residential School, Coimbatore Good Shepherd International School, Ooty The Doon School, Dehradun Ecole Globale International Girls' School, Dehradun G. D. Birla Memorial School, Ranikhet Manava Bharati India International School, Mussoorie Pros of boarding school 1. Multidisciplinary Perspective The development of a student's personality is significantly influenced by boarding schools. Students are instilled with a feeling of accountability and a sense of discipline and timeliness. This is advantageous not just in academics but also in all facets of daily life. Children's real-life lessons in such schools provide a firm basis for their maturity. 2. Improved living standard Children studying and staying in boarding schools are maintained at a shoulder-level distance from late-night partying and all other bad habits, which may be extremely easy for children who attend day school. As a result, it becomes easy to argue that boarding schools provide a better way of life. 3. Building assertiveness and confidence Performing regular chores, such as arranging school supplies, preparing their bedding, tidying up their room, and many other minor duties, provides assurance and instills confidence in the youngsters. Students become more self-assured and competent. 4. Independence  Money and time management are two of the primary benefits of attending a boarding school. Living apart from home teaches children not to overspend and to save money for worthwhile things. They even become good at managing decision-makers on their own. Sending Child to International Boarding School Read More Cons of boarding school 1. Yearning for Home While the children have many similarities, there is no arguing that they'll miss their friends and families. It is common among children who live and study in boarding schools. It is common for boarders to experience depression as they struggle to overcome their homesickness. The first few months of boarding can be difficult for most of them. 2. Fees for boarding schools The vital requirement for fees by most boarding schools in India is one of the essential factors for all parents. People believe that the fees will put a dent in their finances. At one of the costliest boarding schools in India, you can expect to pay between Rs. 14,50,000 and Rs. 16,70,000 a year for your child's education. The annual fees for such top international boarding schools in India exceed ten lakh rupees. 3. No distinction between school and leisure Children should know once school is finished and could perhaps concentrate on having fun outdoors and other activities rather than staying on campus all day. In the long run, this may be harmful to children. 4. Difficulties finding friends Finding friends outside of boarding school can be difficult. Although the children in boarding schools almost always form great friendships and companionship, those children will have practically no friends beyond the boarding school because they stay on campus and won't be permitted to leave it very often. Start Investing in Mutual Funds What is the cost of studying in international boarding schools in India? There are three main tuition fees to look for: annual recurring fees, admission fees, and security fees. Let’s look at the annual recurring fees for international boarding schools. Significant institutions are classified into three major segments: High Fee: Rs. 9,00,000 Affordability Fee: Rs. 4,00,000 - 9,00,000 Low Fee: Rs. 4,00,000 The admission fee structure in boarding schools! Based on admission fees, the top institutions are classified into three major segments: High Fee: Rs. 1,50,000 Affordability Fee: Rs. 100,000 - 1,50,000 Low Fee: Rs. 1,00,000 The security fee structure in boarding schools! Based on security fees, the top institutions are classified into three major segments: High Fee: Rs. 3,00,000 Affordability Fee: Rs. 1,00,000 – 3,00,000 Low Fee: Rs. 1,00,000 How much would you need to save every year for a child’s education? After accounting for a 12% increase in annual tuition prices, the average totals 14 lakh or higher. You must save 4.5 lakh per year for your child's education. International boarding schools provide a solid basis for developing a confident and unique personality. Parents may spend anywhere between 3-5 lakhs per annum on school fees alone. With an ever-rising school fee, an expert's assistance can help invest from the toddler years. It is the best way to plan education expenses. FAQs What are the fees for international boarding schools in India? The annual fees for international boarding schools in India start at INR 4,00,000 to INR 9,00,000. Which country is best for boarding school? Switzerland is home to some of the best boarding schools in the world. The international elite and the royal kids often study at schools like St. George's International School and Collège Alpin International Beau Soleil which are located in Switzerland. The boarding fee for St. George's International School is $73,850! Which is the No. 1 international school in India? Here are the top 5 International Schools in India 2023-24: Dhirubhai Ambani International School. Ecole Globale International School. Doon School. Amity International School. Bangalore International School.
How to choose the best mutual fund scheme?

How to choose the best mutual fund scheme?

Mutual funds are ideal investment options for both risk-aggressive and risk-averse investors as they help to achieve investment goals easily and effectively. Choosing the best mutual fund scheme irrespective of the various alternatives is a challenge in itself.  Both beginners and seasoned investors must take precautions while investing because of the immense risk involved. You do not want to throw away your hard-earned money on just a hearsay scheme or a fund that offers average returns, especially when you have a scope of earning higher returns at less risk. https://www.youtube.com/watch?v=uYlrsx9_yog 10 steps to Choose the Best Mutual Fund Scheme Step 1: Identify Investment Goals   Identify your investment goals by answering related questions like is the objective current income or long-term capital gain? Is the money for short-term like education expenses of children or future expenses like the retirement fund that is very far away? Identifying the investment goals helps to choose the mutual fund scheme that will fulfill the financial aspiration of the investor effectively. Step 2: Determine Risk Tolerance How much return are you expecting on your investment matters as it helps to determine whether the investor is a moderate or high-risk taker? Risk tolerance refers to the risk that the investor is willing to take with his investments.  It is now compulsory for all mutual fund houses to show the risk associated with the invested amount. Step 3: Look at the Time Horizon The time horizon is the period for which the investor desires to invest his money in a mutual fund scheme. It can be short or long term ranging from one day to even more than five years.  There are different fund categories meant for different time horizons and it is better to choose the best mutual fund scheme that will be able to meet your specific time horizons. Step 4: Focus on the Fund Type - Growth or Dividend Choose the fund type which is the best option to meet your specific needs. The growth option is best for long-term needs as it can handle higher volatility and risk factors. These funds also have greater potential for higher returns.  Dividend funds are short-term investment goals. They provide interest regularly and are considered stable investments with moderate returns. Step 5: Look at the Fees and Loads Some mutual funds charge a sales fee at either the time of purchase or sale of the investment known as a load. The purpose of the load is to cover the associated administrative charges and discourage turnover. Mutual fund houses levy various charges which are paid by the investors, who must know about them in detail before choosing the mutual fund scheme for themselves.  Step 6: Consider the Assets Under Active or Passive Management Determine the type of assets you want in your portfolio and then choose the mutual fund scheme accordingly.  Actively managed funds levy higher fees and try to outperform the benchmark index whereas passively managed funds levy lower fees and try to track the performance of a benchmark index. Step 7: Evaluate Managers and Past Results Conduct research about the fund's history by asking yourself whether the fund has suffered more volatility than other major funds and whether the fund manager was able to deliver the expected results.  Reviewing the fund’s prospectus gives a fair idea of its future and helps to choose the best fund. Step 8: Size of the Fund Although the size of the fund does not stop it from meeting the investment goals investors should keep it manageable for better handling. Step 9: Do not be Dependent Only on the History Although the fund history is an indicator of future performance it cannot guarantee high returns. Take related things into consideration like comparison with the benchmark index, fund types, fees, risk factors, etc. before making a viable choice about the mutual fund scheme you want to invest in. Step 10: Select What Matters Investors must focus on things that matter for instance expense ratios, investment strategy, risk factors fees, and a chance of future success. It is important to take the help of reputed platforms and understand the best ways of choosing the right mutual fund scheme for yourself.  The EduFund App along with the SIP calculator makes the process of choosing the mutual fund scheme an easy experience. Customer-friendly saving/ investment experts provide customized solutions, top-class security enables secured transactions, and a scientific fund tracker screens various financial scenarios to recommend the best out of the 4000+ mutual funds associated with the platform. Every investor wants to choose the best mutual fund scheme but they must consider their individual preferences, investment objective, risk appetite, and the fundamental features of the scheme before making a final decision. https://www.youtube.com/shorts/6dthLxZnOH8 FAQs What are the key factors to consider when choosing a mutual fund scheme? Key factors include investment goals, risk tolerance, time horizon, fund type (growth or dividend), fees, assets management style, fund manager's track record, fund size, and various other critical parameters. How can one determine their risk tolerance? Risk tolerance is determined by the investor's willingness to accept risk for potentially higher returns. It can be assessed by evaluating how much volatility or fluctuation in investment value one is comfortable with. What is the significance of the time horizon in selecting a mutual fund scheme? The time horizon indicates how long you plan to keep your money invested. It's crucial because different fund categories are suitable for different time frames, and choosing the right one aligns with your financial goals. What are the fees and loads associated with mutual funds? Mutual funds may charge sales fees, known as loads, at the time of purchase or sale. Investors should also be aware of other fees like expense ratios, which cover administrative costs, and impact overall returns. Why is it important to consider a fund manager's past results? Evaluating a fund manager's track record provides insight into their ability to deliver expected results and manage the fund effectively. Past performance is one of the factors investors consider when making investment decisions. TALK TO AN EXPERT
Top Boarding Schools in Switzerland for International Students | Fees Listed

Top Boarding Schools in Switzerland for International Students | Fees Listed

Switzerland is known for its excellent education system. It is home to the most expensive school, The incredible Institut Le Rosey, also known as the "School of Kings". The estimated fee for this school is CHF 1,25,000 (1.17 crore in INR). Let's look at some of the most popular and expensive boarding schools in Switzerland for international students! Join our robust WhatsApp Community that helps parents invest! Most Expensive Boarding Schools in Switzerland Leysin American School: Nestled in the breathtaking Swiss Alps, Leysin American School offers a transformative learning experience amidst stunning natural beauty. With a diverse student body and a commitment to innovation, LAS provides a dynamic environment for academic and personal growth. Estimated fees: CHF 120,000 per year. Institut auf dem Rosenberg: Situated in the picturesque town of St. Gallen, Institut auf dem Rosenberg is renowned for its personalized approach to education and emphasis on holistic development. From world-class facilities to a global network of alumni, Rosenberg offers an unparalleled educational experience. Estimated base fees: CHF 93,000 per year, and individual fees are charged separately. This varies based on the student and starts at CHF 50,000 per year. Aiglon College: Perched on a mountainside overlooking Lake Geneva, Aiglon College offers a rigorous academic program combined with outdoor adventure and experiential learning. With a focus on character development and leadership, Aiglon prepares students to excel in a rapidly changing world. Estimated fees start at CHF 85,000 per year. TASIS Switzerland: Located in the picturesque village of Montagnola, TASIS Switzerland offers a unique blend of American-style education and European culture. With a diverse student body representing over 60 nationalities, TASIS provides a multicultural learning environment that fosters global citizenship. Estimated fees: CHF 100,500 per year for boarding children in middle and high school. Day scholars, it ranges between CHF 28,000 to CHF 53,000. Institut Le Rosey: Situated on a sprawling estate overlooking Lake Geneva, Institut Le Rosey is synonymous with luxury and excellence. With a history dating back over a century, Le Rosey offers a world-class education combined with a rich cultural experience. Estimated fees: CHF 1,25,000 per year. Brillantmont International School: Located in the heart of Lausanne, Brillantmont International School combines academic rigor with a supportive and nurturing environment. With small class sizes and personalized attention, Brillantmont offers a tailored educational experience that empowers students to reach their full potential. Estimated fees: CHF 90,500 for 8th and 9th grade, CHF 96,500 for 10th grade and CHF 103,500 for 11th, 12th and 13th graders. Benefits of Boarding Schools! Why you need to invest for your child's education? In today's fast-paced and competitive world, investing in your child's education is more important than ever. With the rising cost of living and limited financial resources, it's essential to plan ahead and secure your child's future. EduFund understands the challenges parents face and is dedicated to helping families achieve financial security through smart investments like mutual funds. By partnering with EduFund, parents can create a solid foundation for their children's education and ensure they have access to the best opportunities the world has to offer. Together, we can unlock a brighter future for the next generation. Invest Now
10 Benefits of Studying in Canada!

10 Benefits of Studying in Canada!

What is the appeal of studying in Canada? In the last 8-9 years, Canada has steadily grown in social standing as the desired location for higher education. It ranks among the most popular destinations for Indian students. Indians make up 41% of Canada's international student body and our the largest student group in the country. Quality education, graduate assistantships, and many government policies regarding immigration are some of the reasons why you should consider Canada for your child’s higher education.  For students who are seeking programs that are cost-effective and shorter in duration, allowing them to cut down on living expenses, Canada has the most acceptable community education system in the world. https://www.youtube.com/watch?v=2d3XNHbB8II&t=84s Source: EduFund Major Benefits of Studying in Canada 1. Academic Skills Education is a federal responsibility, regional governments ensure that the standard of education is uniformly high across Canada, no matter what kind of institution - college/university. Regarding educational streams, all types of programs from different strands are accessible in Canadian academic institutions. Financing Children's Masters in Canada Read More 2. Developmental skills Co-operative work is a wonderful concept in Canada that supports students with employment options in their related sectors while attending university. As a result, an engineering student is granted the chance to participate in work for an engineering firm while studying. This gears up students for actuality by exposing them to a work situation early and instills professionalism with skill development. 3. Quality of life  Canada has repeatedly been graded as being among the world's safest countries. The Global Peace Index ranked Canada as the sixth most peaceful place in the world in 2018. International students enjoy the same entitlement as any other Canadian student. Standard of living also refers to necessities of life such as atmospheric air, safe drinking water, the feeling of space, and so on, as well as other life-related factors such as significant exposure to the best health care services, and strong educational infrastructural facilities.  Can your Child Study MBA in Canada for under INR 40 lakhs? Read More 4. Cultural diversity  Canada is a friendly and accepting community. Individuals from different countries of the world have been planning to migrate to Canada for a long time. This gives Canada a competitive advantage in terms of diverse cultures. Canadians respect other cultures and see them as a symbol of motivation and strength. Students can enjoy festivals of all racial backgrounds year-round, and the best part is that the festivities are not confined to the ethnic community. Still, the rest of the country embraces all festive celebrations. 5. Immigration opportunity  Since overseas students spend much time in Canada, they will become potential Canadians. They are given adequate opportunity to comprehend and adopt Canadian culture while studying and up to three years to recognize Canadian work culture. What it ends up in is likely to be prospering once the studies are completed. Indian students are opting for Canada for their university education, and interest in Canada is growing significantly yearly. https://www.youtube.com/shorts/x9B8449Iuw4 EduFund The number of Canadian college graduates between 2000 and 2019 From 2000 to 2019, the number of university graduates in Canada increased Number of postsecondary graduates in Canada in 2019, segmented by degree type Better paying jobs for children of Canadian immigrants According to a Statistics Canada report, the children of economic immigrants attend school longer and have higher-paying jobs than the typical Canadian-born employee. By the age of 30, the children of economic immigrants in Canada earn more than the average Canadian worker by 29.3%, commanding a median annual wage of $55,500 versus the $42,940 made by the average Canadian employee of the same age. Economic immigrants' children can command higher wages because they attend college or university at a higher rate than Canadians. International students in Canada International students enrolling in formal education increased from 142,170 in 2010/2011 to 388,782 in 2019/2020 in just ten years. As a result, by 2019/2020, the amount of international enrolled students improved from 7.2 percent to 17.8 percent. Within ten years, one out of every ten international students arrived in Canada in 2000 or became a landed immigrant. As a result, new ideas are being inspired, innovation is being boosted, and people-to-people relationships are being strengthened, all of which are important for international commerce and worldwide trade. The number of international students intending to study at the secondary and primary school levels has been declining in recent years. Meanwhile, that has been countered by an increase in the percentage of individuals planning to study for a college or master's degree. https://www.youtube.com/watch?v=NZeyrQNJ9Kc More Advantages of Studying in Canada 1. Affordable and Quality Education Compared to other options such as the US and the UK, Canada offers a highly affordable and quality education for its students. Education fees may differ depending on your chosen university, but you can still save a lot of money while studying in Canada. These universities and colleges offer high-quality academic programs and research opportunities and are consistently ranked among the top global institutions.  2. Cost of Living A single person's monthly cost is approx Rs. 83,307.6 (1,347.1C$) excluding rent.  Most institutions offer courses with tuition fees starting from CAD 15,000 (Rs. 9,03,999). The cost of living for a single student is around 880 CAD (Rs. 53,034) per month. Monthly expenses including rent are approx $1,708 per month per person and $3,911 for a family of four.  If we count accommodation, food, clothing, groceries, health, transportation, entertainment, travel, etc., a student will require approx Rs. 9,00,000 to Rs, 22,00,000 to cover all expenses. (CAD 18,340 approx). To counter this, students can apply for an International Student Identification Card upon their arrival in Canada. This provides many benefits to the global student community such as discounts for shopping, culture, food, access to student services and facilities internationally, etc. It helps prove your student status in over 130 countries since it is the only internationally recognized proof of full-time student status endorsed by UNESCO.  3. Standard of Living After reading about the cost of living in Canada, you might say it is expensive, however, the standard of living here makes it all worth it. High-quality education, lucrative job opportunities, cultural diversity, and accessibility of public services on par with its own citizens make Canada one of the countries with a high standard of living.  4. Safety and Security Canada takes its student safety very seriously, particularly for international students. Students living on campus have a 24-hour security measure in place for them. Canadian citizens on the other hand are warm and welcoming and respect diverse cultures making these students feel comfortable in their home country. There are many safe options for student accommodation outside the campus as well.  5. Work opportunities for students  The study permit in Canada allows international students to work up to 20 hours/ week, which helps them supplement their income. Apart from the opportunity to earn extra income, students also get to experience the professional environment of working in Canada. However, be mindful of not violating the terms of this study permit which can lead to loss of student status and permission to work in the future.  6. Job Opportunities Canada provides a Post Graduate Work Permit (PGWP) to its international students which allows them to work for up to 3 years after the completion of their course. However, a PGWP is issued only if you have graduated from a Designated Learning Institute. Also not all Designated Learning Institutes and programs of study make you eligible for PGWP. There are several other criteria you need to fulfill. Go through them carefully then make an informed decision.  Several immigration policies also allow students to apply for permanent residency and work while they study.  FAQs How much does it cost to study in Canada? The cost of studying in Canada depends on your chosen institution, your type of education/ course, as well as your living expenses. However, the cost would be approximately CAD 36,000 (INR 22,00,000) a year for international undergraduate students and CAD 21,100 (INR 13,04,434) a year for international graduate students.  Is it safe for female students to study in Canada? According to the Canadian Bureau of International Education (CBIE) annual international student survey of 2021, 79.2% of respondents consider Canada to be a safe and stable country. Plus, the on-campus 24-hour security measure allows you to be tension-free regarding the safety of your child. So, yes it is safe for girl students.  Which are the best places to study in Canada? Montreal, Toronto, Vancouver, Ontario, and Quebec City are some of the best places to study and work in Canada. These places also offer several part-time job opportunities for international students.   What is a Letter of Intent (LOI) and do I need to submit it to study in Canada? A Letter of Intent is a document that states your reasons for studying in Canada, your professional and academic goals, and your past qualifications in your home country.  Yes, you need to submit the LOI to acquire a study permit in Canada.  Can students work while studying in Canada? Yes, the study permit in Canada allows you to work for 20 hours/ week. You have to be careful not to violate the terms of the study permit.  One of the main reasons students like to study in Canada is the high quality of education. Many Canadian universities offer cutting-edge innovative exploration and new technologies. Canadian universities typically hold the highest international rankings and offer amazing placements and a chance to live in the world’s most peaceful cities in the world. Hence, considering Canada for your child's higher education is a good choice. TALK TO A STUDY ABROAD EXPERT
All About Groww Nifty Small Cap 250 Index Fund

All About Groww Nifty Small Cap 250 Index Fund

In this dynamic and ever-changing environment of mutual fund investments, it can become difficult to evaluate the right fund for you. This week, Groww is launching its Nifty Small Cap 250 Index Fund. Here is a short note as to why it should be on your watchlist: With a ten-year compound annual growth rate (CAGR) of 18.90%, the Nifty Small Cap Index has outperformed the Nifty 50, demonstrating the potential of small-cap stocks to deliver significant returns. The fund offers diversification across industries that are not usually included in the Nifty 50, such as media & publishing, textiles, media, and forest materials. The current valuations of the Nifty Small Cap 250 Index present an attractive proposition, trading at a price-to-earnings (P/E) ratio 19% below its ten-year averages. Furthermore, in comparison to actively managed funds in its category, which has a P/E of 42.62. the small-cap index trades at a P/E OF 25.63 as of January 31, 2024. Groww utilizes its proprietary high-frequency rebalancing technology called 'SPEAR', to closely align the fund with its index, enhancing the potential for returns to closely mirror the benchmark. Additionally, given its characteristics, investing in this fund can serve as a strategic step towards financing long-term education goals, as the potential for higher growth could support savings and investment objectives. In conclusion, this fund is directed towards those investors with a high-risk appetite seeking diversified exposure to small caps in the Indian equity sector.
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, and 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. 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. Conclusion 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! FAQs How can a college student spend money wisely? As a college student, you need to make do with what you have most of the time. The money you get from your parents and any earnings from part-time jobs can help you live a social life. Look at a few pointers to keep in mind while spending money:   Recognize & cut unnecessary expenses   Make shopping lists   Use student discounts & campus facilities   Pay your bills on time   Avoid retail therapy   What are the spending habits of college students? College students spend most of their money on clothing and entertainment, apart from academic and additional college expenses. Students also spend a lot on food when they live away from home.   How do you budget as a student? 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 about, you are still young and inexperienced, but it is definitely something to take note 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.   How should students save money? 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.  Consult an expert advisor to get the right plan TALK TO AN EXPERT
How to save for child's gadgets?

How to save for child's gadgets?

Wish to save for child's gadgets? Do you want to know how to start? We have an easy solution for it! Electronics have evolved into a vital component of our day-to-day lives. It's crucial to teach your kids how to use technology responsibly in today's digitally driven world and to develop the knowledge and behaviors that will help them succeed as digital citizens. The latest gadgets for youngsters are rarely inexpensive and often appear out of reach. Are you looking for methods to save money on your child's gadgets? This article will assist you in planning your desired gadget without trying to empty your bank account. Follow these simple recommendations to keep your child's new tech costs low. Fun Fact: 27% of parents with children aged between 9 and 13 years reported that their kids had access to access to both desktops and smartphones for the entire day outside of in-person classes at school. Ways to save for child's gadgets 1. Start a SIP  Start a SIP plan to meet your short-term and medium-term goals. SIP allows an investor to invest a certain amount of money in a mutual fund scheme at predetermined intervals. SIP allows you to acquire units on a set date each month in order to create a savings strategy for yourself. EduFund assists parents in budgeting for electronic gadget purchases. It has a separate section dedicated to saving children’s electronic gadgets. The app also shows you different gadget options and provides you with savings plans to start saving for the gadgets on the app.  Electronic device prices have been skyrocketing, and with the Covid-19 outbreak, electronic prices are rising even further. EduFund addresses the financial needs of parents since electronic gadgets have become essential for children’s education in today's society. Start SIP with EduFund 2. Do your research Before actually buying electronic gadgets, it is essential to research. It is a good practice to look around at wide varieties and brands. Examine both offline and online retailers to gain a comprehensive analysis.  If you wait until your old equipment cracks, you'll feel compelled to purchase a brand-new one without looking around or looking for a good deal. When you browse online, you can instantly comprehend the pricing and position yourself for a good deal when it arises. Track the progress of the valuations of the gadgets you want to buy to save money on electronics. https://www.youtube.com/shorts/N6RKPu_zoY8 Source: EduFund 3. Return old gadgets The need for reconditioned technology has increased exponentially in recent years. In addition to global supply chain disruptions, customers have been convinced to buy used technology owing to price considerations, environmental considerations, and the accessibility of lifetime management solutions. While purchasing new gadgets, parents should look to return their old gadgets and concentrate on a buyback offer. They can exchange old products with the purchase of new products. Useful Gadgets for Students Read More 4. Request a price match or a discount Many retailers meet their competitors' electronics market prices on the same product. If you're loyal to a favorite retailer, find out if they can fit the competition's offer. You can also participate in a membership program that will earn you points or discounted rates once you connect.  If the seller fits a competitor's offer, you could use that membership program to get electronics at a cheaper rate. If you can't obtain a comparable object for a reduced price, it Is better to negotiate.  Most traditional retailers might not provide the same benefit; however, they might be more willing to cooperate with you to make a deal and discuss electronic purchases. 5. Warranties aren't worth it Numerous parents fear their child's new phone will end up in a pool of water or, even worse. Purchase extended warranties for their electronic gadgets. Read the fine print to avoid paying extra for something you don't need - or paying large amounts for a product that doesn't even protect against water damage.  A void warranty is a waste of money and certainly cause for concern. Choose a standard complimentary warranty over an extended warranty. Fun Fact: 18% of parents reported that their children had access to a combination of desktops, tablets, and smartphones. Advantages of gadget use Children of all ages can benefit from technology, which offers tools that encourage learning via play, let them express their creativity, and keep them socially linked. For kids under the age of five, it serves as stimulation. It can be applied to speech as well as to encourage learning. The young ones' visual representation may help them develop their senses. The use of technology to play games fosters cognitive development and analytical abilities. This encourages the child to think more creatively, strategically, and generally to be more productive. Tech-savvy children will also be more equipped for a workforce that will be largely digital. A few fundamental parenting principles will assist you in establishing ground rules and preserving technological harmony at home. https://www.youtube.com/watch?v=MJblBYWNxLo Conclusion Students nowadays rely heavily on technology. These devices are critical for children as they are required to boost their learning abilities and knowledge. Nowadays, independent learning is supported since children can study without the aid of teachers. Students use the internet for research and online libraries to complete their homework. As a result, technological devices have become unavoidable in the current world. Invest for their Gadgets here! FAQs Is it good to give gadgets to children? Yes, some gadgets are good for your children. However, you should have a time limit on how long they can use the gadgets in a day. Too much usage can affect your kid's attention span and even strain their eyes. How to save for your kid's gadgets? The best way to save for your child's gadgets is to start a goal and a SIP for it. Rather than buying or taking an EMI, you can start a SIP and save for the amount. You can do all this on the EduFund App. It helps you save for your kid's education expenses like buying a phone or a laptop. How can gadgets help children? Some gadgets are known for helping kids with motor skills, learning languages, and even sharpening their spatial knowledge.
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