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The United Kingdom has been one of the preferred global destinations for Indian parents who want to send their children abroad for higher education.  The thought is exciting enough as it opens new doors of opportunity for a flourishing career but it requires a considerable sum of money that every parent cannot afford. Education, especially higher education in foreign countries like the UK, is revered in India, no doubt. But it is a fact that every Indian parent cannot afford to send his child abroad without an appropriate loan. Knowing about the education loan process for the UK must be a priority for a parent as it will help in fulfilling their children’s dreams to a great extent. https://www.youtube.com/watch?v=sRiktJ_KLmo Cost to study in the UK   Studying in the UK entails various costs, including tuition fees, accommodation, living expenses, and study materials. Tuition fees differ based on the university and program, with undergraduate fees ranging from £10,000 to £38,000 per year for international students. Postgraduate fees can vary similarly. Accommodation expenses vary by city and housing type, with average rents ranging from £800 to £2,000 per month. Additional living costs, such as food, transportation, and utilities, might average around £700 to £1,000 per month. Scholarships can help offset these expenses. It's crucial to budget for visa fees, health insurance, and potential travel costs. Researching scholarships, part-time job opportunities, and efficient budgeting strategies can make studying in the UK financially manageable.  Documents required for Education Loan Approval:  Applying for an education loan to study in the UK is a significant step towards realizing your academic aspirations. To ensure a smooth loan approval process, it's essential to provide the necessary documents that demonstrate your eligibility and commitment to your education journey. The documents required typically include:  Admission Letter: A formal confirmation of your acceptance into a recognized educational institution in the UK is a crucial document that validates your need for financial support.  Cost Estimate: Present a detailed breakdown of the anticipated costs of your education, including tuition fees, accommodation expenses, living costs, study materials, and travel expenses. This estimate will guide the lender in determining the loan amount.  Academic Records: Submit copies of your academic transcripts, certificates, and standardized test scores, such as IELTS or TOEFL results. These documents showcase your academic prowess and your commitment to your studies.  Collateral Documents: If you're applying for a secured education loan, provide relevant collateral documents. These might include property papers or certificates of fixed deposits that demonstrate your capacity to secure the loan with valuable assets.  Proof of Identity: Present a valid passport, Aadhar card, or any other government-issued identification document to establish your identity.  Proof of Address: Furnish documents that verify your residential address. This could include utility bills, rental agreements, or any other official documents.  Income Proof: Showcase your parents' or co-borrowers income stability and capacity to support your education. This might involve salary slips, income tax returns, or business-related documents.  Co-borrower Documents: If you're including a co-borrower, such as a parent or guardian, provide their identity and address proofs, as well as income-related documents.  Letter of Admission: A critical piece of evidence that affirms your intention to study in the UK. This document outlines the course details, duration, and starting date.  Types of Education Loans for the UK:  When pursuing an education loan to study in the UK, you'll typically encounter two primary types: secured education loans and unsecured education loans.  Secured Education Loan: This type of loan requires you to offer collateral, which could be property, fixed deposits, or other valuable assets. For the lender, the collateral serves as security, lowering their risk. In return for this security, secured loans often come with lower interest rates compared to unsecured loans.  Unsecured Education Loan: Unsecured loans do not require collateral. These loans are based on your creditworthiness, academic performance, and the financial stability of your co-borrower. While they provide a valuable avenue for those without significant assets, unsecured loans usually come with higher interest rates to compensate for the increased risk borne by the lender.  Expenses Covered in Education Loan for the UK Education loans for the UK are designed to comprehensively cover the various expenses associated with pursuing higher education overseas. These expenses typically include:  Tuition Fees: The loan covers the tuition fees required for the chosen course of study.  Accommodation Expenses: The loan encompasses accommodation costs, including rent and related charges.  Living Costs: This includes day-to-day expenses such as food, transportation, study materials, and personal needs.  Travel Expenses: The loan can cover travel costs related to your journey to and from the UK.  Insurance Fees: Comprehensive health insurance is essential when studying abroad, and education loans often account for these costs.  It's essential to have a clear understanding of what expenses your education loan covers. This knowledge will allow you to plan your finances effectively and avoid unexpected financial burdens.  Eligibility for Education Loan for the UK While eligibility criteria can vary among lenders, certain common factors determine whether you qualify for an education loan to study in the UK. These typically include:  Indian Citizenship: You need to be an Indian citizen to be eligible for most education loans.  Admission Confirmation: You must secure admission into a recognized educational institution in the UK.  Co-borrower Requirement: Education loans usually require a co-borrower, often a parent or guardian, who demonstrates the ability to repay the loan in case you face difficulties.  Academic Performance: Lenders often consider your academic performance as an indicator of your commitment to your studies.  Financial Stability: The financial capacity of your co-borrower to repay the loan is a crucial factor in the approval process.  Education Loan Documents Required for the UK When applying for an education loan to study in the UK, the following documents are commonly required:  Completely fill out the application form that the lender provides.  Admission Letter: A formal letter of admission from your chosen UK educational institution.  Cost Estimate: An estimate of the total expenses involved in your education, including tuition, living costs, and other related expenses.  Academic Records: Copies of your academic transcripts, certificates, and standardized test scores like IELTS or TOEFL.  Collateral Documents: If applying for a secured loan, provide relevant collateral documents.  Income Proof: Documents that establish the income stability of your co-borrower, such as salary slips or income tax returns.  Proof of Identity: A valid passport, Aadhar card, or other government-issued ID.  Documents that attest to your residential address serve as proof of address.  How to Make a UK Student Loan Application:  Acquiring an education loan for studying in the UK involves a structured process:  Research: Begin by researching the various lenders that offer education loans for studying in the UK. Compare the terms, interest rates, and qualifying requirements of each.   Application: Once you've selected a lender, complete their application form and gather the necessary documents.  Document Submission: Submit the application form along with the required documents to the lender's designated branch or online portal.  Loan Approval: The lender will review your application and documents to assess your eligibility and creditworthiness.  Loan Sanction: Upon approval, the lender will issue a sanction letter outlining the loan amount, terms, and conditions.  Repayment of Education Loan Repaying your education loan is a significant responsibility that begins after the completion of your course or after a predetermined grace period. The repayment term varies, typically ranging from 5 to 15 years, depending on the loan amount and terms. It's essential to factor in your post-education financial situation and choose a repayment plan that aligns with your capacity to repay. How to Choose the Best Lender? Selecting the right lender for your education loan significantly impacts your financial journey. Here is some advice on how to choose wisely:  Interest Rates: Compare the interest rates offered by various lenders and opt for one with competitive rates.  Loan Amount: Ensure that the lender covers the full extent of your education-related expenses.  Repayment Terms: Evaluate the flexibility of repayment terms and choose a lender with options that suit your financial situation.  Processing Time: Opt for a lender with an efficient and streamlined loan processing system to avoid unnecessary delays.  Customer Service: A responsive and supportive customer service team can make your loan journey smoother.  Additional Benefits: Some lenders offer additional benefits such as pre-visa disbursement and reduced interest rates for female students. When choosing, keep in mind these benefits.  How to start the UK education loan process? Some important facts about the education loan procedure for the UK are as follows: Step 1: Research the education loan procedure Research is the key. So, start looking at viable options at least 8 – 10 months before the new semester begins in the UK. The loan procedure of every country is different. Hence, going through reputed sites like EduFund to gain the correct information is absolutely crucial. https://www.youtube.com/watch?v=Obks6fyQyhs Check Education Loan Eligibility Step 2: Know the difference between secured and unsecured education loans Secured loans: Secured loans refer to collateral-based finance options like government banks for funding higher education in foreign countries.  The low interest rates and fewer processing fees make them look inexpensive when compared to other types of education loans Unsecured loans: Unsecured loans refer to education loans secured with the help of NBFCs or non-bank financial companies.  The interest rates are high, no doubt, but it is a feasible option if a student wants to pursue an education course in one of the top 10 or 20 universities in the UK.  This service is also available on the EduFund App at zero hidden charges and fast disbursal. Step 3 - Decide the university in which you want to enroll Identify the university in which you want to enroll. Make sure it is offering the education course you want to pursue. Look at the eligibility criteria for admission. Look at the average fee structure. Calculate the amount of education loan you will need to study at the specific university.  Include both academic and non-academic expenses like tuition fees, other compulsory fees, accommodation expenses, transportation costs, books and supplies costs, and, health insurance premiums. Look at the amount you can shelve out from your pocket and the amount needed to pursue the studies. Calculate the difference and identify the actual loan amount you will need. Step 4 - Make inquiries about the banks and loan options Identify the banks that offer loan opportunities. Check the criteria for loan eligibility. Look at the interest rates. Calculate the actual amount you will have to pay. Know about the payment schedule and the terms of payment. Enquire about the penalty or the additional amount you will have to pay in case you are unable to pay on schedule or as directed. For a hassle-free process, you can check your eligibility for easy educational loans at EduFund. Why? No hidden charges, low-interest rates, and collateral-free loans up to Rs 75 Lakhs. Step 5 - Compare the education loan options in the UK You have already shortlisted the banks with viable education loan options.  Compare all the relevant details like interest rate, processing fee, processing time of the loan, loan margin, payment terms, and also available income tax exemptions. Do not hesitate to make comparisons as it will help to save a good amount of your money. https://www.youtube.com/watch?v=mW0VH10uH9I Conclusion The presence of widespread Indian communities and numerous academic courses like Medical, Engineering, Hotel Management, Finance, and Business coupled with an easy education loan processing for the UK acts as a magnet to lure in students from all over the country. To interested Indian parents, EduFund is here to help you. Explore all of your options and compare them all in one platform. CONNECT WITH OUR STUDY ABROAD EXPERTS

Saving up for your child’s education is highly crucial. We advise all parents to start saving as early as possible so they will not have to face financial burdens later on. As a new parent, it is the best time to start saving and investing in your child’s future. Educational expenses are increasing with every passing year; hence, planning the financial strategy for your child’s education is advisable. Effective tips to save up for your child’s education  1. Be an Early Bird  It is often said that an early bird catches the worm. We advise you to start saving early, so your amount gets more time to mature. You can expect a good return when the total amount you have saved or invested develops. This amount can be used wisely for your child’s educational requirements.   If you start saving late, it may prove to jeopardize the other financial goals that you might be having. Also, the employment of people is changing quite frequently. If you had started saving, it would give you the best results in such a situation.   How Single Parents Can Plan Finances Read More 2. Opting for the right choice  We advise the parents to conduct their research well to get the best investment options. The options you choose must provide an optimum return to support you financially. There are specific plans available that you can go through, such as equity, mutual funds, and so on. Equity is an investment option that does not suit everyone because it has a higher risk. Most Indians do not prefer to invest in an opportunity with a higher risk. You can go for this option only if there are around 10 to 15 years left for your child’s college to start. Furthermore, if you have a short span of 5 years, we advise you to go for fixed-income instruments or mutual funds. You can play safe and expect guaranteed returns along with the safety of your invested capital.  Source: pexels How to start investing in your child’s education?  Investing in your child’s education can be difficult. There are too many options and not much guidance out there. Try to start with the basics, figure out how much you need to invest for your child’s education (You can use our college cost calculator to get an accurate figure of the future cost of education), when you require this capital (that is how long is your time of investment) and finally what is your risk profile. Start Investing with EduFund Once you have answers to these questions, nothing can stop you!   You can invest in different tools like Mutual Funds, ETFs, and US markets based on your future goals, time duration, and risk profile. You can invest in our curated packs like EduCases – these are hand-picked funds based on the investor’s risk profile and needs! You can opt for the ‘do it yourself option, customize your own portfolio, and start saving for your child’s needs!     We hope that these tips will prove to be beneficial for the financial planning of your child’s education. Talk to an Expert FAQs What are the advantages of saving money for your child's schooling? Financial security during emergencies. Ability to afford educational materials and resources. Reduced reliance on loans and debts. Opportunity to invest and grow wealth. Preparation for future financial responsibilities. Enhanced money management skills. Why should you save for your child’s future? Education inflation is the reason why every parent needs to save for their child’s future! The cost of tuition is increasing every year. The education inflation rate is 11-12 percent; double of CPI which is at 6%. This means that the costs of education are growing faster than consumer price inflation as well. Fees for prominent courses and colleges are likely to reach 1 crore in the next 15 years. Parents need to be prepared for hefty fees in the future. How to save 2 crores in 10 years? The best way to save 2 crores in 10 years for your child's education is to start a SIP and invest in a mutual fund. Choose a fund with the help of financial experts, start your SIP, and reach your goal on time. 10 years is a great duration to stay invested and your corpus can grow comfortably.

Paying for college is one of the biggest financial concerns across the globe. With rising education inflation in India, it is imperative to save early.   Saving early for your child has its own set of perks – it gives you the chance to send your child to the best university as well as the financial freedom to choose their own path. Creating an education fund for your child not only secures your future but also theirs! It reduces the chances of student debt in their life and gives them a chance to focus on career planning.   Advantages to saving for your child's college. 1. No stress about taking an Education loan   When you plan to save early, there is no need to apply for an education loan. Moreover, you can plan your investments based on preferences. Usually, an education loan is a viable option to get a dream job.   But it can be stressful at the time of repayment for your child. Hence, saving early is the key to allowing your child to pursue their dream degree. And when you plan properly for your child’s education, they find it easy to perform.   This is because there will be no stress factors involved to repay the loan. When you save in a planned manner, you are ensuring the financial security of your child. You will be utilizing your savings to fund your child’s education.   While an education loan is a savior for most parents, it should not be your first preference. In simple words, you or your child will have to spend over five to six years of their initial career to repay the loan.   This means your child may get late in planning for their financial goals. Furthermore, education loans come with higher interest rates. By planning and saving wisely for your child’s education today, the need to apply for a high-interest education loan reduces!   https://www.youtube.com/watch?v=u0MRtCeA2RU Source: Youtube 2. Allows your child to pursue a multitude of career options There are so many career options available that each one seems more lucrative than the other. In other words, your kids may want to explore more than one career option. For instance, if your child is interested in Computer Science, they may also enroll in certain types of certification courses.   With easily accessible funds, you will be able to provide the desired flexibility to your kids. By leveraging savings, you will be able to comply with the child’s educational demands. Your child will be able to develop dynamic career goals by enrolling in various types of educational courses.  How to ensure a child goes to the right college? Read More 3. Send your child to a foreign university   In the absence of the burden of an education loan, you’ll be able to send your child to a foreign country so that they can pursue higher studies. There is no denying that sending our children to foreign universities can be pretty expensive.   You have to apply for a huge loan amount to fund your child’s education in foreign universities. Apart from this, there are expenses like visa costs, living expenses, accommodation fees, flight costs, and above all, the currency difference that can hurt your pockets and create money churn. But with proper savings and timely investments in mutual funds and ETFs in a planned manner, you can send your child to study in their country of choice.   5 Ways to Support the child during the college application Read More 4. Chance to build your own Retirement fund  The best way to develop your own retirement fund is to save early. By saving early, you can not only fund your child’s higher education but also build your retirement plan. There is no denying that building a retirement plan has several advantages. Many Indian families and parents fail to start a retirement fund for themselves because of a lack of planning, growing expenses, and a child’s education needs. By disciplining yourself from the start and prioritizing long-term needs, you can break this norm.  5. Helps in keeping up with your Kid’s rising aspirations   With each passing day, kids are becoming more ambitious. Nowadays, teens are more aware of what to do in their life than in earlier times. In simple words, they have clarity of their objectives. Furthermore, there is peer pressure on your child. They tend to work hard to show their abilities.   The best way to plan for your child’s education is to invest in mutual funds. Mutual funds are a little riskier than other financial instruments. Mutual fund schemes allow you to invest your money systematically.   The perks of saving a child’s college are endless! From financing their dream to your Europe trip, financial planning can do wonders.   FAQs What are the advantages of saving money for students?   Financial security during emergencies.  Ability to afford educational materials and resources.  Reduced reliance on loans and debts.  Opportunity to invest and grow wealth.  Preparation for future financial responsibilities.  Enhanced money management skills.  Why should parents save money?   Financial security for emergencies and unexpected expenses.  Funding their child's education and future endeavors.  Building wealth and assets for retirement.  Preparing for major life events like buying a house or starting a business.  Leaving a financial legacy for their family.  What is the best college fund for a child?  The best college fund for a child depends on factors like risk tolerance, investment horizon, and financial goals.  Consulting a financial advisor can help identify the most suitable option.  Why save for your child's future? Education inflation is the reason why every parent needs to save for their child's future! The costs of tuition is increasing every year. Education inflation rate is 11-12 per cent; double of CPI which is at 6%. This means that costs of education are growing faster than consumer price inflation as well. Fees for prominent courses and colleges are likely to reach 1 crore in the next 15 years. Parents need to be prepared for hefty fees in the future. TALK TO AN EXPERT

Incorporated in the midst of the Global Financial Crisis, Quantum Mutual Fund has been in existence for approximately two decades now. The AMC offers a variety of mutual fund schemes, including equity funds, debt funds, and hybrid funds. Quantum Mutual Fund is known for its focus on active management and its commitment to providing investors with high-quality investment products.  In this blog, we will explore its flagship product – Quantum Long Term Equity Value Fund. Quantum Long-Term Equity Value Fund Investment Objective The primary investment objective of the scheme is to achieve long-term capital appreciation by investing primarily in shares of companies that will typically be included in the S&P BSE 200 Index and are in a position to benefit from the anticipated growth and development of the Indian economy and its markets.  Investment Process  The scheme follows a bottom-up approach for stock selection with disciplined research and investment process.  The scheme follows the thought process of investing in high-conviction stocks with long-term time horizons and hence has a lower portfolio turnover ratio.    Portfolio Composition The portfolio is biased towards large-cap stocks, with 86.49% of the funds allocated to large-cap stocks and the remaining 13.51% to mid-cap stocks. Significant sectoral exposure is to Financials, which accounts for more than one-third of the portfolio. The top five sectors hold more than 82% of the portfolio.  Data as of 31st July 2023Source: Value Research  Top 5 Holdings for Quantum Long-Term Equity Value Fund Name Weightage % HDFC Bank Limited 9.62 ICICI Bank Limited 6.80 Infosys Limited 4.78 State Bank of India Limited 4.73 Eicher Motors Limited 4.34 Note: Data as of 31st July 2023. Source: Value Research  Performance for Quantum Long-Term Equity Value Fund Particulars 1 Year 3 Year 5 Year 7 Year 10 Years Quantum Long Term Equity Value Fund 16.78 23.68 11.13 10.96 14.60 S&P BSE 100 TRI 13.08 22.20 12.76 13.94 15.21 Equity: Value Oriented 22.04 28.41 14.25 14.68 19.06 Note: Returns in % as of 10th August 2023. Source: Value Research  Since its inception, the fund has generated a CAGR (Compounded Annual Growth Rate) of 13.56%. Talk to an expert Fund Manager The scheme is co-managed by Mr. George Thomas & Mr. Christy Mathai.  Mr. George Thomas has more than six years of experience and has been managing this fund with effect from 01st April 2022.  Mr. Christy Mathai has approximately seven years of experience and has been managing this fund with effect from 23rd November 2022.  Who Should Invest in Quantum Long-Term Equity Value Fund?  The fund is suitable for investors who are seeking   Long-term capital appreciation.  An investment opportunity that invests primarily in equity and equity-related securities of companies in the S&P BSE 200 index.  Why Invest in this Fund? The fund uses the bottom-up approach for stock selection to minimize risk.  It follows disciplined research and investment process.  It has a low portfolio turnover.  It holds cash when stocks are overvalued and does not expose itself to derivatives.  It has one of the lowest expense ratios in the industry.  Time Horizon One should look at investing for at least five years or even more.  Investment through Systematic Investment Plan (SIP) may help in tackling the volatility of the broader equity market.  Conclusion: The Quantum Long-Term Equity Value Fund is an open-ended fund that allows investors to invest in undervalued equities. Although it has underperformed its benchmark over the long term, the fund has shown outperformance in the recent past. Thus, it will be important to monitor how the fund performs in the upcoming future. DisclaimerThis is not recommendation advice. All information in this blog is for educational purposes only.

As per SEBI regulations, a liquid fund is one that invests in debt and money market instruments with a maturity of up to 91 days only, such as Certificate of Deposits, Treasury Bills (T-bills), Commercial Paper (CP), etc. The aim of these funds is to provide capital preservation/safety along with reasonable returns. Advantages: High Liquidity: The main aim of such funds is to provide liquidity for their investors. So, investors can redeem their units at any time. Low Exit Loads: These funds have exit loads of less than 7 days. So, you can redeem your funds after 7 days without any penalties. Indexation Benefit: Long-term taxation will be calculated based on inflation. Only returns over inflation will be taxable. Better Returns: Investors can enjoy better returns than their regular savings bank account by investing in these funds. Top 5 liquid mutual funds S.No.Fund Name3-Yr Annualized Performance1Quant Liquid Plan Growth Option Direct Plan5.01 %2IDBI Liquid Fund Direct-Growth4.27 %3Mahindra Manulife Liquid Fund Direct Plan-Growth4.23 %4Edelweiss Liquid Fund Direct-Growth4.23 %5Franklin India Liquid Super Institutional Plan Fund Direct-Growth4.22 %Note: Data as of July 25, 2022Source: Morningstar 1. Quant Liquid Plan Fund analysis: The fund is the top-performing fund in its category. The fund has a low-risk profile. The fund has outperformed the category and the benchmark. The fund has invested in high-quality bonds i.e., AAA-rated. The fund can be used to park your emergency funds. ProsConsHigh liquidity. Invested in AAA quality bonds.High expense ratio.Note: CRISIL Liquid Fund BI Index Start Investing 2. IDBI Liquid Fund Fund analysis: The investment objective of the Scheme will be to provide investors with a high level of liquidity along with regular income for their investment. The Scheme will endeavor to achieve this objective through an allocation of the investment corpus in a low-risk portfolio of money market and debt instruments with a maturity of up to 91 days. The fund has outperformed the category over the period. The fund has invested 100% in AAA-rated bonds. The fund is a good alternative to fixed deposits (F.D.) ProsConsLow Expense Ratio.Attractive risk-to-reward ratio.Fund has underperformed the benchmark over 5-Yr trailing returns.Note: CRISIL Liquid Fund BI Index Start Investing 3. Mahindra Manulife Liquid Fund Fund analysis: The Scheme seeks to deliver reasonable market-related returns with lower risk and higher liquidity through a portfolio of money market and debt instruments. The fund has outperformed the category average over different trailing periods. The fund holds high-quality debt and money market instruments. ProsConsFund has outperformed the category average over different trailing periods. Low expense ratio.Fund has underperformed the benchmark over 5-Yr trailing returns.Note: CRISIL Liquid Fund BI Index Start Investing 4. Edelweiss Liquid Fund Fund analysis: The fund’s objective is to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through a portfolio of money market and debt securities. The fund has invested 100% in debt and money market instruments that have the highest rating i.e., AAA-rated bonds. The fund has delivered consistently better returns than the category average. ProsConsHigh liquidity. Invested in AAA quality bonds.Fund has underperformed the benchmark over 3-Yr & 5-Yr trailing returns.Note: CRISIL Liquid Fund BI Index Start Investing 5. Franklin India Liquid Fund Fund analysis: The fund’s objective is to provide current income along with high liquidity. The fund has relatively high volatility. The fund is a good alternative to bank accounts along with high liquidity. The fund has invested in AAA-rated bonds and money market securities. ProsConsInvested in AAA quality bonds. High liquidity.Relatively high volatility.Note: CRISIL Liquid Fund BI Index Start Investing Features of Liquid Mutual Funds Liquid mutual funds are a type of mutual fund that primarily invests in short-term, highly liquid money market instruments such as government securities, certificates of deposit, commercial paper, and treasury bills. They are designed to provide investors with a safe and convenient avenue to park surplus funds for the short term. Here are some key features:  Liquidity: Liquid funds offer high liquidity, allowing investors to redeem their units quickly with minimal impact on the net asset value (NAV).  Low Risk: These funds invest in low-risk securities, making them relatively safer compared to other mutual fund categories. However, they may not offer high returns.  Low Investment Minimums: Many liquid funds have low investment minimums, making them accessible for both individual and institutional investors.  Steady Returns: While liquid funds aim to generate steady returns, the focus is on capital preservation and liquidity rather than aggressive growth.  Taxability: The gains from liquid mutual funds are subject to taxation based on the investor's holding period. If the investment is held for up to three years, the gains are treated as short-term capital gains and taxed at the investor's applicable income tax rate. If held for more than three years, they are considered long-term capital gains and taxed at a flat rate with indexation benefits. Who are these Funds suited for? Corporates: Businesses often use liquid funds to manage short-term cash surpluses efficiently, earning a return on excess funds.  Individuals: Liquid funds are suitable for individuals who want a safe alternative to traditional savings accounts and are willing to compromise slightly higher returns for greater liquidity.  Emergency Funds: They can serve as a part of an individual's emergency fund, providing quick access to funds without the risk associated with other investments.  Major Advantages Safety and Liquidity: Liquid funds offer a balance between safety and liquidity, making them an excellent choice for short-term goals and funds you may need at short notice.  Better Returns Than Savings Accounts: While liquid funds might not offer the same interest as savings accounts, they generally provide better returns due to their investments in higher-yielding money market instruments.  No Exit Load: Most liquid funds have no exit load, allowing investors to redeem their units without incurring any additional charges.  Tax Efficiency: The tax treatment for gains from liquid funds can be more favorable than other fixed-income investments, especially for investors in higher tax brackets.  Professional Management: Liquid funds are managed by professional fund managers who have expertise in managing short-term investments, enhancing the chances of achieving consistent returns.  Conclusion: Liquid funds are a good alternative to bank accounts. Investors can also park their emergency funds in these mutual funds because of their high liquidity. This results in better returns than a regular savings bank account as the exit load is maximum for 7 days only. Talk To An Expert FAQs Which mutual fund scheme is highly liquid? Liquid mutual funds are highly liquid as they primarily invest in short-term money market instruments. They offer quick and easy redemptions with minimal impact on the fund's net asset value (NAV). Which is the safest liquid fund? Liquid funds, by nature, aim for safety and stability. Funds from reputable asset management companies like HDFC Liquid Fund, ICICI Prudential Liquid Fund, and SBI Liquid Fund are generally considered safe due to their investments in high-quality, short-term instruments. However, no investment is entirely risk-free, so research and diversification are still important. What liquid fund is best? Determining the best liquid fund depends on your specific financial goals, risk tolerance, and investment horizon. Some reputable options included ICICI Prudential Liquid Fund, Aditya Birla Sun Life Liquid Fund, and Nippon India Liquid Fund. However, it's crucial to research the latest performance, expense ratios, and other factors, and consider consulting a financial advisor before making a decision. Disclaimer:This is not recommendation advice, use it for educational purposes only. Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes

Best dividend-paying mutual funds are one of the types of mutual funds in India that invest in equity and equity-related instruments that can yield a high dividend to its shareholders. These companies have strong fundamentals as they are profit-making companies. Only profit-making companies can distribute dividends to their shareholders. Having said that the primary intention of these companies is to provide regular income and capital appreciation to their investors. As per SEBI (Securities and Exchange Board of India) norms, a dividend yield fund invests at least 65% of its portfolio in dividend-yielding instruments. Features of Dividend-Paying Mutual Funds  Dividend-paying mutual funds offer several features that make them distinct from other types of funds:  1. Income Generation: These funds focus on stocks or securities of companies known for consistent dividend payments, aiming to provide a steady income stream to investors.  2. Diversification: Dividend-paying mutual funds typically invest in a diversified portfolio of dividend-yielding stocks, reducing the risk associated with relying on the performance of a single company. 3. Reinvestment Options: Investors can opt for dividend reinvestment plans (DRIPs), where the dividends received are automatically reinvested to purchase additional fund shares, potentially compounding returns over time.  Start Investing in Mutual Funds Taxability  Dividend income from mutual funds can have tax implications:  1. Taxation of Dividends: Dividend income received from mutual funds is generally taxable as per the investor's income tax slab. However, dividends from equity-oriented funds might be tax-free up to a certain limit due to the Dividend Distribution Tax (DDT) paid by the fund.  2. Dividend Distribution Tax (DDT): Prior to Budget 2020, mutual funds were subject to DDT before distributing dividends. Now, investors are liable to pay tax on the dividend income received as per their tax slab.  Who are these funds suited for?  Dividend-paying mutual funds can be suitable for:  Income-Oriented Investors: Individuals seeking regular income from their investments, such as retirees or those looking for a supplementary income source.  Conservative Investors: Those who prefer a lower-risk investment option with potentially stable returns, as dividend stocks tend to be established companies.  Major Advantages of Dividend-Paying Mutual Funds Steady Income: Dividend-paying funds can offer a reliable income stream, making them appealing to investors who rely on investment income.  Potential for Growth: Some dividend-paying companies might also experience capital appreciation, providing growth potential alongside regular income.  Diversification: By investing in a range of dividend stocks, these funds offer diversification benefits, spreading risk across various industries and sectors.  Compounding Effect: Dividend reinvestment can harness the power of compounding, where dividends are reinvested to potentially generate higher returns over time.  Advantages of the best dividend-paying mutual funds These funds have the potential to regular income through dividends. These funds invest majorly in strong companies having strong fundamentals. These funds provide equity exposure with lower risk. 5 High Dividend Mutual Funds S.No.Fund Name3-Yr Annualized Performance1Templeton India Equity Income Fund Direct Payout of Inc Dist cum Cap Wdrl22.43 %2IDBI Dividend Yield Fund Direct Payout of Income Distribution cum Cap Wdrl18.83 %3Sundaram Dividend Yield Fund – Direct Plan Half Yearly Payout of Income Dis cum Cap Wdrl18.59 %4Aditya Birla Sun Life Dividend Yield Fund Direct Plan Payout Inc Dist cum Cap Wdrl17.44 %5ICICI Prudential Dividend Yield Equity Fund Direct Payout Inc Dist cum Cap Wdrl17.30 %Note: Data as of July 26, 2022Source: Morningstar 1. Franklin Mutual Fund The scheme seeks to provide a combination of regular income and long-term capital appreciation by investing primarily in stocks that have a current or potentially attractive dividend yield, by using a value strategy. The fund has outperformed the category average over different tailing period returns. The fund has invested majorly in large-cap companies (81.41%) followed by mid-cap (17.77%) and small-cap companies (0.82%). ProsConsAttractive risk-to-reward ratio. The fund outperformed the category average when the market was falling & rising.High volatility than the category average. Invest Now 2. IDBI Mutual Fund Fund analysis: The fund’s aim is to provide capital appreciation and/or dividend distribution by investing predominantly in dividend-yielding equity and equity-related instruments. The fund has a beta of 0.78 indicating that the fund performance is less relative to the market. The fund follows a blended style of investing which means that the fund has invested in both value and growth stocks. The fund has outperformed the category average marginally. ProsConsLess volatile than the category average. Fund has outperformed the category average when the market was falling.Fund has underperformed the category average when the market was rising. Invest Now 3. Sundaram Mutual Fund Fund analysis: The fund has given consistent performance over the long-term period. The fund has a well-diversified portfolio, spread across sectors except for real estate. The fund has invested across market capitalization companies i.e., large-cap (84.79%), mid-cap (13.42%), and small-cap (1.79%) companies. The fund has also invested some portion in the debt category also. ProsConsFund has outperformed the category average when the market was falling. Well-diversified portfolio.High expense ratio. Invest Now 4. Aditya Birla Mutual Fund Fund analysis: The fund has a beta of 0.91 indicating that the fund’s performance is closely related to the performance of the market. The fund has invested across market capitalization, but the major investments are in large-cap (60.07%) followed by mid-cap (26.37%) and small-cap (13.55%) companies. The fund has a high risk (measured by standard deviation) than the category average. ProsConsWell-diversified portfolio. Fund has outperformed the category average when the market was rising.High expense ratio. Invest Now 5. ICICI Prudential Mutual Fund Fund analysis: The fund’s objective is to provide medium to long-term capital gains and/or dividend distribution by predominantly investing in a well-diversified portfolio of equity and equity-related instruments of dividend-yielding companies. The fund has given reasonably good performance over the period. The fund follows a blended style of investing, which means that the fund has invested in both value and growth stocks, and has invested across market capitalization companies. The fund has a higher risk (measured by standard deviation) than the category average. ProsConsLow expense ratio. Fund has outperformed the category average when the market was rising.The fund underperformed the category average when the market was falling. Invest Now Conclusion: Investors looking for regular income and capital appreciation from the stock market should consider such funds as part of their portfolios. FAQs Which mutual fund gives monthly dividends?  Ans. Sundaram Dividend mutual funds – Direct Plan-Growth - NAV: INR 91.29 Expense Ratio: 2% AUM: INR 321.27 Cr  Aditya Birla Sun Life Dividend Yield Fund – Direct Plan-Growth - NAV: INR 280.57 Expense Ratio: 1.85% AUM: INR 810.28 Cr  Which 5 mutual fund is best? Ans. Tata Digital India Fund Direct-Growth   ICICI Prudential Technology Direct Plan-Growth  Quant Small Cap Fund Direct Plan-Growth  SBI Technology Opportunities Fund Direct-Growth  Aditya Birla Sun Life Digital India Fund Direct-Growth  Which dividend yield fund is best?  Ans. Templeton India Equity Income Fund, ICICI Prudential Dividend Yield Equity Fund, IDBI Dividend Yield Fund.  What are the 5 highest dividend-paying stocks? Ans. V.F. Corporation (VFC), Devon Energy (DVN), Dow Inc. (DOW), International Business Machines (IBM), and Verizon Communications (VZ).  Which mutual fund gives the highest dividend?  Ans. It's important to note that mutual fund returns can vary over time. Funds that focus on high dividends might sacrifice growth potential. Some funds known for higher dividends include Vanguard Dividend Appreciation Index Fund, Fidelity Equity Income Fund, and T. Rowe Price Dividend Growth Fund. Research and professional advice are recommended before investing.   Which top 5 companies give dividends?  The top dividend-paying companies included Apple Inc., Microsoft Corporation, Johnson & Johnson, JPMorgan Chase & Co., and Procter & Gamble.    What are the highest-yielding monthly dividend funds?   Some of the highest-yielding monthly dividend funds included Global X SuperDividend ETF, AGFiQ U.S. Market Neutral Anti-Beta Fund, and PIMCO Monthly Income Fund. However, yield and performance can change, so ensure you research and verify the status before making any investment decisions.  Disclaimer:This is not recommendation advice, use it for educational purposes only. Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes

Who is a financial advisor? When should you hire a financial advisor? There are enormous options available when it comes to investing, right from mutual funds to cryptocurrency. But which investment avenue is suited for you is different from other people. Your risk appetite is different, you have different cash flows, and you have your own financial goals. All these vary from individual to individual. Some investment options will help you provide regular income, some will help in capital protection, and some will help you generate wealth. Which one is the right choice for you, is the question? Financial instruments will provide you with returns, but you also need to evaluate their risk. A financial advisor will guide you through this evaluation and help you make the right choice. Who is a financial advisor?  A financial advisor provides consultation or guidance on how, where, and when to invest. They will help you with the financial plan, strategy, how to save tax, etc.  Source: pexels Why should you hire a financial advisor? Now, you might think that why should you consider one, when there is plenty of knowledge available on the internet about investing a financial advisor brings the right expertise in the financial market and the products available in the market. Financial advisors have the right tools to evaluate different products based on certain conditions. Start Investing with the help of financial advisor First, you need to ask these questions yourself: Do you have adequate financial market knowledge? Do you have expertise in financial products and instruments? Do you have enough time to track, manage, evaluate, and rebalance your portfolio? Do you enjoy reading about finance topics like wealth management, derivatives, etc.? Do you have the skills to research and evaluate financial instruments? If you have answers to the above questions, you don’t need a financial advisor. But, if you don’t have the answers to these questions, you need a financial advisor. Benefits of having a financial advisor Financial expertise: A financial advisor undergo several training and certifications which help them gain knowledge about the financial world. So, having a financial advisor in your planning will help you build a portfolio for your needs and help you keep track of it. Budgeting: A financial advisor helps you to create a budget so that your unwanted expenses can be minimized and you can save for your financial freedom. Financial plan: A financial advisor will help you to create the right financial plan, which will help you to achieve your financial goal effectively and efficiently. Investment strategy: A financial advisor will not only build a financial plan for you but also help you create investment strategies that will help you choose the right investment option for your targets with the right amount to invest in. Regular monitoring: You might not have enough time to track your portfolio. Here comes the financial advisor to keep track of your portfolio. Regular portfolio monitoring is required so that the investment remains aligned with your financial goals. Rebalancing of the portfolio: The portfolio requires rebalancing from time to time or depending on market conditions. There are situations when the selected investment option might underperform or outperform the expected required rate of returns; then, a rebalancing might also be needed in such situations. A financial advisor will help you to make the right choice. Helps in tax savings: A financial advisor helps you consult or provide guidance on saving taxes by investing in different options. Conclusion: Having a financial advisor in your financial journey could help to manage your finances properly with better investment strategies. FAQs Is it a good idea to hire a financial advisor? Hiring a financial advisor can be beneficial if you lack expertise in managing investments, taxes, and financial planning. They can provide personalized guidance and help you make informed decisions. However, research their credentials, fees, and services to ensure a suitable fit for your financial goals and situation. Is 1.5% fee high for a financial advisor? A 1.5% fee for a financial advisor is relatively high and could impact on your investment returns over time. It's important to compare fees and services, considering the advisor's expertise and the potential benefits they offer before deciding. What financial advisors don’t tell you? Financial advisors might not always emphasize the potential conflicts of interest tied to certain investment products, the impact of taxes on returns, or the fact that no investment is entirely risk-free. Additionally, they might not discuss the long-term impact of fees on your portfolio or the limitations of their own expertise. TALK TO AN EXPERT

The Sydney Scholars India Scholarship Program embodies academic excellence and cultural exchange, offering a remarkable opportunity for Indian students to pursue their higher education dreams at the University of Sydney. This prestigious initiative fosters cross-border collaboration, empowering scholars to shape a brighter future through education, research, and global perspectives. https://www.youtube.com/watch?v=MwQWKYxxJ8o 1. Empowering Academic Excellence At the heart of the Sydney Scholars India Scholarship Program lies a commitment to nurturing academic brilliance. With a plethora of disciplines spanning arts, sciences, engineering, business, and more, scholars are granted the opportunity to pursue their passions while being guided by world-renowned faculty members. The program's stringent selection process ensures that only the most promising and dedicated students are given the chance to join this community of learners. Affordable Australian Universities Read More 2. Enabling Educational Aspirations The program acts as a gateway to fulfilling educational aspirations for Indian students. The financial support offered through scholarships alleviates the burden of tuition fees and living expenses, making it possible for students from diverse socio-economic backgrounds to pursue higher education abroad. This inclusivity not only benefits the individual scholars but also contributes to a more diverse and vibrant learning environment at the University of Sydney. https://www.youtube.com/watch?v=Ew2MC3RCo68 3. Cultural Exchange and Global Perspectives Education goes beyond textbooks and classrooms; it's about fostering a holistic worldview. The Sydney Scholars India Scholarship Program encourages cultural exchange by bringing together individuals from various backgrounds. Scholars have the chance to engage in meaningful dialogues, share perspectives, and develop a deeper understanding of different cultures. This exposure equips them with the skills to thrive in a globalized world. Get Education Loans To Study In Australia 4. Building Bridges Across Borders The program creates bridges of understanding between India and Australia. As scholars embark on their academic journey, they become de facto ambassadors, strengthening the ties between the two nations. The friendships and networks formed during their time at the University of Sydney have the potential to foster collaboration in various fields, from academia to business and beyond. Fee Structure of Australian Universities Read More 5. Research Opportunities and Innovation The University of Sydney is renowned for its groundbreaking research across disciplines. The Sydney Scholars India Scholarship Program provides scholars with access to cutting-edge laboratories, resources, and research opportunities. Engaging with ongoing research projects not only enhances their academic experience but also fuels innovation that can have a positive impact on societies in India and around the world 6. Driving Societal Change Many scholars choose to channel their research and education toward addressing pressing societal challenges. Whether it's sustainable development, healthcare innovation, or social equity, the program empowers students to make a tangible difference in their communities. By leveraging their knowledge and experiences gained in Sydney, scholars return to India equipped with the tools to drive positive change. Bachelors in Australia Read More 7. Mentorship and Support The journey of higher education can be demanding, especially when undertaken in a foreign land. The Sydney Scholars India Scholarship Program recognizes this and offers robust mentorship and support systems. From academic advisors to cultural mentors, scholars are guided at every step, ensuring their transition is seamless, and their academic goals are achieved. Start Investing to Study In Australia 8. Fostering Personal Growth Beyond academic achievements, the program places emphasis on personal growth. Scholars develop resilience, adaptability, and intercultural skills that prepare them for the challenges of an ever-evolving world. The experiences gained in Sydney contribute not only to their professional development but also to their holistic well-being.   Finance Your Child Australian Dream Read More 9. Alumni Network and Future Prospects The Sydney Scholars India Scholarship Program doesn't end with graduation; it marks the beginning of a lifelong association. The alumni network is a testament to the enduring connections forged during the program. These connections often translate into professional collaborations, mentorship opportunities, and a sense of belonging that extends beyond geographical boundaries. Reasons to Study in Australia Read More 10. Shaping Global Leaders The program's impact goes beyond individual scholars. Graduates of the Sydney Scholars India Scholarship Program become global leaders in their respective fields, driving change, fostering innovation, and contributing to the betterment of societies. Their experiences at the University of Sydney equip them with a unique perspective that transcends borders and creates a ripple effect of positive influence. Conclusion The Sydney Scholars India Scholarship Program is a beacon of educational excellence, fostering collaboration, cultural exchange, and global perspectives. By providing Indian students with the tools, resources, and opportunities they need to excel, the program not only transforms individual lives but also shapes a future marked by understanding, innovation, and positive change on a global scale. Talk To An Expert

Your search for affordable countries for UG courses ends here! Every year, thousands of students wish to study abroad. The majority of those potential students have significant financial concerns. After all, it is not at all cheap to send your child to study overseas. Not everybody is eligible for scholarships. Few people do not get education loans because of a lack of collateral or documentation. Here, we'll explore the top and most affordable countries where you may send your child to study abroad and learn how much you need to save for your child’s quality education. Affordable countries for UG courses 1. Germany  Germany is well known for its prestigious universities. No matter their nationality, undergraduate students in Germany's public universities are required to pay zero or minimal tuition fees.  Study costs in Germany  At private colleges, the average annual cost of tuition may exceed EUR 3,000 (Rs. 2-3 lakhs). Your child can also opt for scholarships provided by private universities.  The monthly average living cost in this country is between 700 and 1000 EUR (Rs. 50,000 to Rs. 80,000). Students who purchase a semester ticket can use public transportation for no cost. Germany offers discounts on student IDs for the theatre, museums, opera houses, cinemas, and other cultural organizations. Additionally, there are DAAD scholarships to help with living costs that your child can consider. https://www.youtube.com/watch?v=ly0C1VM7YFc 2. Switzerland  Switzerland has a total of 12 universities and fewer higher education institutions dedicated to science and research. Eight of these universities are listed in the QS World University Rankings, with ETH Zurich coming in at number 10 overall. The top 100 universities also include four of these institutions.  One of Europe's most beautiful countries, Switzerland is renowned for its research findings, high standard of living, and excellent educational system.  Study costs in Switzerland  The annual tuition at state universities ranges from 600 to 1000 EUR (Rs. 40,000 to 80,000). Private universities may charge anything between EUR 2,000 and EUR 16,000 (Rs. 2 to 12 lakhs) annually. The average monthly cost of living is between CHF 1,400 and 1,800 (2-3 lakhs)  3. Denmark  Despite only having 5.5 million people, Denmark is among the most promising nations in the world and punches beyond its weight in the field of education.  Denmark's inventive nature makes it an ideal location for your study abroad experience, in great portion because of a strong emphasis on research and top-notch education. Danish higher education combines outstanding academic standards with learning strategies that encourage critical thinking, experimentation, and teamwork. Danish educational institutions are also very focused on practical education.  Study costs in Denmark  Tuition ranges from DKK 45,000 to DKK 120,000 per year. (Rs. 5 to 13 lakhs per annum). Monthly Living Expenses: DKK 6,000–DKK 10,000 (Rs. 60,000 to Rs 1 lakh)   Danish universities only get a small number of government scholarships every year to support exceptionally qualified foreign students. The government scholarship is divided into two components and can be awarded as grants to help with living expenses or as whole or partial waivers of tuition fees. 4. Spain  Spain's institutions possess a strong reputation abroad and offer top-notch education at an affordable price, making it a great option for Indian and international students. For international students, particularly Indian students, the cost of living is favorable, and Spain is thought to have the lowest tuition costs in Europe.  Study costs in Spain  Around 800 to 2500 EUR (Rs. 60,000 to 2 lakhs) in fees are charged for bachelor's programs every academic year. The annual tuition for private universities is more expensive and often double the cost of public schools. On a student budget, the total monthly living expenses for international students range from 500 to 1000 EUR (Rs. 40,000 to Rs. 60,000).  Source: pexels 5. Poland  With some of the oldest colleges in the world, Poland is renowned as an affordable European nation with a rich history and several major university degrees available in the English language. Due to its affordable living expenses and other charges (such as food and transportation), it is one of the top educational destinations for Indian students.  Study costs in Poland  The average cost of a study program in Poland ranges from EUR 4,000 to EUR 7,000 (4-6 lakhs) per academic year. The solid economy of the affordable European nation explains why the monthly living expenses for Indian students average range is 500 to 600 EUR (Rs. 50,000- 60,000).  6. Estonia  With a population of only 1.3 million, Estonia is a rather small nation. In comparison to other countries, they have a great quality education system that is also inexpensive for Indian students. The Estonian Universities stand out for offering 100+ degree programs that are entirely taught in English.  Study costs in Estonia  A bachelor's degree should typically cost from 1,000 to 8,000 EUR (Rs. 1 to 7 lakhs) annually. It will cost approximately 11,000- 12,000 EUR (9- 10 lakhs) per year to pursue a specialized degree, such as a medical degree. International students can apply for scholarships, however, they are typically only for postgraduate studies. Monthly living expenses range from 500- 600 EUR (Rs. 50,000- 60,000).  If your child is exploring foreign universities for higher education but considering European countries is a must. Future costs for studying abroad will rise up so calculate how much it will cost you in the future rather than relying on current price rates! Use our college cost calculator to figure out the cost of studying for UG courses. Talk to An Expert FAQs Which country is most affordable to study? There are many countries that offer affordable degrees to international students. Some of these countries are: Germany Switzerland Denmark Spain Poland Estonia Which country is the cheapest to study abroad for Indian students for a bachelor's degree? Germany, Poland, Norway, Austria, Ukraine, Georgia, Netherlands, and Russia are some of the cheapest countries for to study in for Indian students to pursue bachelors. In fact, studying medicine in countries like Russia, Ukraine, Bangladesh, China, & Nepal is cheaper than studying in Indian private universities. Which country is expensive for Indian students? Countries like the USA, UK, Australia, Switzerland, and New Zealand can be expensive for Indian students. Countries like the UK and the USA are expensive because of their popularity and high costs of living. They are also extremely sought after and the tuition fees at these universities can range between 15 to 30 lakhs per annum.

Choosing the right school for your child is a crucial decision that can have a significant impact on their education and future prospects. In India, parents have the option of choosing between private and government schools, each with its advantages and disadvantages. In this article, we will explore the factors that parents should consider when choosing between private and government schools in India. https://www.youtube.com/watch?v=VJ0F69KTZgs Key Factors to Consider Between Private Schools and Government Schools 1. Quality of Education: The quality of education is a crucial factor to consider when choosing a school. Private schools often have better infrastructure, resources, and experienced teachers, which results in higher academic performance. However, some government schools like KV, and JNV  also provide quality education. 2. Curriculum: Each school has its curriculum, and parents should consider which curriculum aligns with their child's interests and future aspirations. Private schools often follow ICSE or international curricula, such as International Baccalaureate (IB) or Cambridge International Examinations, while government schools follow the national curriculum of CBSE. 3. Extracurricular Activities: Private schools often have a wider range of extracurricular activities, including sports, music, drama, and other hobbies. Government schools may have limited extracurricular activities, but they often have sports facilities and playgrounds. 4. Medium of Instruction: Private schools often use English as the primary language of instruction, while government schools may use the local language. Parents should consider which medium of instruction is best for their child's education and future prospects. 5. Location: Private schools are more prevalent in urban areas, while government schools are often located in rural areas. Parents should consider the location of the schools and how easy it will be for their children to commute. 6. Affordability: Private schools are often expensive, and parents should consider whether they can afford the fees and other costs associated with private education. Government schools are free up to the age of 14 under the Right to Education Act, but parents may still need to pay for uniforms, textbooks, and other supplies. 7. Competitive Exam Preparation: In India, students often require extra coaching for competitive exams such as the Joint Entrance Exam (JEE) and the National Eligibility cum Entrance Test (NEET). Parents should factor in these additional expenses when considering the overall cost of their child's education. Save for School Fees Cost and Expense for Private and Government Schools in India Private schools in India are known for their high fees, which can range from a few thousand rupees to several lakhs per year. According to the National Sample Survey Office (NSSO), the average annual expenditure per student in a private primary school was Rs. 13,997 in 2014, four times higher than the expenditure per student in a government school. Private schools often charge additional fees for extracurricular activities, transportation, and other facilities, which can add up quickly. In contrast, government schools are free up to the age of 14 under the Right to Education Act. However, parents may still need to pay for uniforms, textbooks, and other supplies. The average annual expenditure per student in a government primary school was Rs. 3,176 in 2014, according to the NSSO report. Private Colleges vs Government Colleges in India Read More Admission Process for Private and Government Schools in India The admission process for private and government schools differs significantly. Private schools often have a rigorous admission process, requiring parents to submit an application, pay an application fee, and attend an interview. Some schools also require students to take an entrance exam. Government schools, on the other hand, have a more straightforward admission process. Parents need to provide proof of their child's age, residence, and caste category, if applicable. Most government schools admit students on a first-come, first-served basis, and admission is open to all students up to the age of 14. https://www.youtube.com/watch?v=tdwqQH0xkFw Balancing School and Coaching In addition to the factors mentioned above, parents must also consider the workload of their child's school and coaching classes. Private schools often have longer school hours and more homework, which can be challenging to balance with coaching classes. Parents should carefully consider the timing of their child's school and coaching classes to ensure that they have enough time for both. Choosing between private and government schools in India is a complex decision that depends on several factors, including the family's financial situation, the quality of education, and the school's location and infrastructure. While private schools offer better facilities and resources, they are also more expensive than government schools. Government schools, on the other hand, are free up to the age of 14, but the quality of education can vary widely.  Ultimately, parents should carefully consider their options and choose the school that is best for their child's needs and future prospects. By factoring in the quality of education, curriculum, extracurricular activities, medium of instruction, location, affordability, and competitive exam preparation, parents can make an informed decision about their child's education. It's also important to keep in mind the workload of school and coaching classes to ensure that children have a balanced life. Parents should plan the finances required for coaching classes and factor in the school timing to avoid any undue stress on their child. Conclusion Choosing the right school for your child is a significant decision that can have long-term effects on their education and future prospects By considering all the necessary factors and weighing the pros and cons of private and government schools in India, parents can choose the best fit for their children and set them on a path to success. Talk To An Expert

Embarking on a career in management is a dream for many ambitious students, and the Indian Institutes of Management (IIMs) stands at the forefront of institutions that can turn this dream into reality. However, the question of affordability often looms large when considering the cost of studying at IIMs. In this comprehensive article, we will delve deep into the expenses associated with pursuing a management education at IIMs, including not only the fees, but also the intricacies of living expenses, available scholarships and financial aid, and most importantly, the value and returns on this investment. https://www.youtube.com/watch?v=gmV3uxT7cSw IIM Fees for MBA When it comes to pursuing an MBA at the IIMs, the fee structure can vary significantly across the different campuses, reflecting the prestige and reputation of each institution. The top three IIMs - Ahmedabad, Bangalore, and Calcutta - boast the highest fees, ranging from INR 24 lakh to INR 27 lakh. These institutions have a long-standing history of excellence and have carved a niche for themselves in the global management education landscape. On the other hand, the fees at newer IIMs like Trichy and Sirmaur fall between INR 16 lakh and INR 19 lakh, offering a more affordable option without compromising on the quality of education. It's important to note that while most IIMs include hostel fees in their charges, it's advisable to verify this with the specific campus you are applying to. Cost of Studying at NIT Read More Other Costs Beyond the tuition fees, it's crucial to take into account the additional expenses associated with studying at IIMs. The cost of living can vary significantly from one city to another, and it's essential to factor this into your financial planning. For instance, Mumbai, being a metropolitan city, generally has a higher cost of living compared to Ahmedabad. On average, you can expect to spend around INR 15,000 to INR 20,000 per month on accommodation, food, transportation, and other miscellaneous expenses. Additionally, there are costs associated with books, study materials, and extracurricular activities, which can further add to the overall expenditure. To ensure a comfortable and enriching academic experience, it's prudent to carefully budget for these expenses and plan accordingly. Cost of Studying at IIT Read More Scholarships and Financial Aid Recognizing the financial burden that studying at IIMs may impose on students, these esteemed institutes offer scholarships and financial aid to eligible individuals. These scholarships are not only based on merit but also take into consideration the financial needs of students. The IIMs are committed to ensuring equal access to education and supporting talented individuals from all economic backgrounds. Students with exceptional academic records, combined with economically disadvantaged backgrounds, are encouraged to apply for scholarships. The scholarships awarded can cover either a portion or the entire fees of the course, significantly easing the financial strain. It is crucial for aspiring students to thoroughly research and explore the scholarship options available at each IIM, while also putting in the effort to prepare a strong application that showcases their achievements, potential, and financial circumstances. Calculate College Cost The Value of the Investment Undoubtedly, pursuing an education at IIMs demands a substantial investment of both time and money. However, it is important to recognize and appreciate the value that IIMs provide, which is unparalleled in the field of management education. These institutes are globally recognized for their academic rigor, industry exposure, and extensive network of successful alumni. The quality of education and the opportunities for personal and professional growth make the investment worthwhile. Graduates from IIMs are highly sought after by leading companies, both in India and internationally, which often translates into attractive job offers, rewarding career trajectories, and a significant return on investment. The knowledge, skills, and network gained during the course of your studies at IIMs can open doors to prestigious positions and pave the way for long-term success. Conclusion While the cost of studying at IIMs may initially appear daunting, it should not deter passionate individuals from pursuing their dreams of a successful management career. The IIMs are committed to providing an exceptional educational experience that can shape your future and open doors to countless opportunities. With scholarships and financial aid available, these institutes strive to make their programs accessible to talented students from diverse backgrounds. It is important to approach the investment in IIMs as a long-term strategic decision that can yield substantial rewards and returns. So, if you have the passion, determination, and drive to excel in the field of management, embrace the investment and embark on your transformative journey at IIMs. The rewards and returns on your investment, both professionally and personally, will undoubtedly be worth it in the long run. Talk To An Expert

Studying abroad is a dream shared by many Indian students seeking to broaden their horizons, gain a global perspective, and enhance their educational and career prospects. While the cost of studying abroad can be a significant consideration, several countries offer excellent educational opportunities at affordable prices. This blog will delve into some of the cheapest cities for Indian students to study abroad. These places provide high-quality education and offer reasonable living expenses, making them attractive destinations for aspiring scholars. Explore Low-Cost Study Abroad Cities 1. Taipei, Taiwan Taiwan, often overlooked by Indian students, boasts exceptional educational institutions at affordable rates. Taiwan's cost of living and tuition fees are significantly lower than in many other countries. Cities like Taipei, Taichung, and Tainan offer a vibrant cultural atmosphere, state-of-the-art facilities, and globally recognized degrees—scholarships, such as the Taiwan Scholarship Program and various university-specific grants, further support international students financially. Taiwan's blend of affordability, academic excellence, and cultural richness makes it an ideal destination for Indian students. The average cost of living in Taipei is ₹60,000 - 80,000 per month in 2023. https://www.youtube.com/watch?v=Wzd8dXqjxEU 2. Lyon, France France, renowned for its rich cultural heritage and esteemed universities, provides numerous options for Indian students seeking affordable education. Although Paris is known for its higher cost of living, several cities such as Lyon, Toulouse, and Grenoble offer lower living expenses while maintaining excellent academic standards. French universities also provide various scholarships, such as the Eiffel Excellence Scholarship Program, enabling Indian students to pursue their studies at a reduced cost. Studying in France offers quality education and an opportunity to immerse oneself in a diverse and vibrant culture. The average cost of living in Lyon is ₹82,000 - 1 lakh monthly in 2023. Explore Low-Cost Study Abroad Cities 3. Warsaw, Poland Poland has become an attractive study destination due to its affordable education system, low living costs, and high-quality universities. Cities like Warsaw, Kraków, and Wrocław offer a range of degree programs taught in English, making them accessible to international students. Polish universities are known for their research facilities and academic excellence, creating a conducive environment for Indian students to pursue their educational goals. Moreover, numerous scholarships, such as the Polish National Agency for Academic Exchange, are available for international students, providing financial assistance and making Poland an appealing choice. The average cost of living in Warsaw is ₹40,000 - 60,000 per month in 2023. Cheapest City to Live in India Read More 4. Mexico City, Mexico With its rich history, vibrant culture, and affordable education, Mexico presents a unique opportunity for Indian students. Cities like Mexico City, Guadalajara, and Monterrey offer a wide range of courses in English, making them accessible to international students. Tuition fees in Mexican universities are relatively low compared to other study-abroad destinations. Additionally, Mexico provides scholarships, such as the Mexican Government Scholarship Program, to support international students financially. Choosing Mexico as a study destination allows Indian students to experience a dynamic blend of education, cultural diversity, and affordability. The average cost of living in Mexico City is ₹80,000 - 90,000 monthly in 2023. 5. Kuala Lumpur, Malaysia Malaysia has become an affordable study-abroad destination without compromising quality education. Cities like Kuala Lumpur, Penang, and Johor Bahru offer a range of programs in various disciplines at reasonable tuition fees. The cost of living is relatively low, and scholarships such as the Malaysia International Scholarship are available for Indian students. Malaysia's multicultural society, warm hospitality, and excellent education system make it an attractive choice for Indian students seeking an affordable study abroad experience. The average cost of living in Kuala Lumpur is ₹80,000 - 90,000 monthly in 2023. 6. Prague, Czech Republic The Czech Republic is renowned for its rich history, cultural heritage, and top-notch education system. Prague, the capital city, has several prestigious universities offering various programs. Tuition fees in the Czech Republic are generally lower than in many other European countries, and the cost of living in Prague is relatively affordable. The city's picturesque beauty, vibrant nightlife, and diverse student community make it an enticing destination for Indian students. The average cost of living in Prague is ₹27,000 - 60,000 monthly in 2023. 7. Budapest, Hungary Hungary is gaining popularity among Indian students as a budget-friendly study-abroad destination. Budapest, the capital and largest city is known for its stunning architecture, vibrant nightlife, and rich history. Hungarian universities offer a wide range of programs taught in English at affordable tuition fees. The cost of living in Budapest is significantly lower than in other major European cities, making it an ideal choice for students on a tight budget. The average cost of living in Budapest is ₹34,000 - 65,000 per month in 2023. For Indian students aspiring to study abroad on a limited budget, several countries provide excellent opportunities without compromising on quality education. The countries mentioned above offer affordable tuition fees, lower living costs, and various scholarship options. These countries ensure a well-rounded educational experience and provide opportunities for cultural immersion and personal growth. As you embark on your journey to study abroad, consider these destinations, weigh your options, and choose the one that aligns best with your academic goals and financial situation. The world awaits you! Talk To An Expert Disclaimer:These are merely average costs of living in a city. The actual costs may differ based on your lifestyle and personal expenses.

Studying abroad is a dream for countless students, presenting a unique opportunity to immerse oneself in new cultures, gain a world-class education, and build lifelong memories that shape one's personal and professional life. However, this dream often comes with a considerable financial burden, particularly when it comes to tuition fees and living expenses. Let's delve into some of the top universities across the globe that charge over 50 lakhs for tuition fees alone. We will also explore more affordable alternatives that provide quality education without imposing a significant financial strain, ensuring that prospective students can make well-informed decisions about their academic pursuits. Cost-effective Universities: Under 50 Lakhs 1. Oxford University - A Pricey Prestige Let's begin our journey with one of the most prestigious universities in the world, Oxford University. Renowned for its unparalleled academic excellence and historical significance, a degree from Oxford holds a considerable reputation and opens doors to various opportunities globally. However, such prestige comes with a significant cost. With an average annual fee of more than 1 crore, a four-year degree program at Oxford can easily exceed 50 lakhs. While the quality of education and the chance to learn from distinguished scholars is indeed remarkable, it is crucial for prospective students to weigh the immense financial investment against the potential long-term benefits that an Oxford education can bring. 2. University of Toronto - Excellence in Canada Crossing borders to Canada, the University of Toronto stands out as one of the top-tier institutions in the country and globally. With an extensive range of programs and a strong emphasis on research, this university has earned its reputation for providing high-quality education. However, like its counterpart in Oxford, the University of Toronto also commands a high price for its world-class educational experience. With an average annual fee of over 1 crore, a four-year degree program at this esteemed university can cost over 50 lakhs. Prospective students must conduct a comprehensive assessment of their financial capacity and explore available scholarships, grants, and financial aid options to make pursuing education at the University of Toronto a viable possibility. https://www.youtube.com/watch?v=rQxCt4_jTws 3. Worcester State University - An Affordable MBA Option Shifting our focus to the United States, Worcester State University emerges as an affordable option for students seeking to pursue an MBA degree. The Department of Business Administration and Economics at Worcester State provides a strong foundation in economic and business theories, fostering critical thinking and analytical skills that prepare students for various executive roles in the business world. With an average fee of around 10 lakhs, this university provides a more accessible path to quality education in the US, making it an appealing choice for students looking to balance academic excellence and financial prudence. Affordable Universities in the World Read More 4. Missouri State University - MS in Computer Science For aspiring computer science professionals, Missouri State University offers a cost-effective option to pursue a Master's degree. With an average fee of around 20 lakhs for its MS program in Computer Science, this university presents a competitive choice for those seeking a balance between quality education and reasonable tuition costs. Prospective students should consider the university's faculty expertise, research opportunities, and industry connections in addition to the affordable fee structure when evaluating the potential benefits of pursuing an MS in Computer Science at Missouri State University. https://www.youtube.com/watch?v=Zsd3-9_6H1o 5. University of Wuerzburg - A Tuition-Free Gem In a remarkable contrast to the expensive options mentioned earlier, the University of Wuerzburg in Germany stands out as one of the top universities that do not charge tuition fees for its programs. Leveraging Germany's commitment to providing affordable education to international students, this university becomes an attractive destination for those looking for an excellent education without the burden of exorbitant tuition fees. Prospective students should take advantage of this unique opportunity and explore the diverse range of innovative degree programs offered at the University of Wuerzburg, encompassing fields such as science, technology, humanities, and social sciences. 6. Affordable Public Universities in the US While it's true that many prestigious universities in the US charge steep tuition fees, the higher education landscape also includes an array of public institutions that offer quality education at more reasonable rates. These public universities typically charge an average fee ranging from 20 to 30 lakhs, making them a viable option for students seeking an affordable study abroad experience without compromising on academic excellence. By choosing these more cost-effective options, students can pursue their academic aspirations while being financially prudent, allowing for a smoother transition into the professional world upon graduation. Conclusion Undoubtedly, studying abroad can be a costly endeavor, especially when considering tuition fees and living expenses. Universities like Oxford and the University of Toronto may offer exceptional educational experiences, but they also come with a hefty price tag of over 50 lakhs. However, it's crucial to remember that there are more affordable alternatives, such as Worcester State University and public universities in the US, that provide quality education without breaking the bank. When making the decision to study abroad, students must conduct thorough research, consider available scholarships and financial aid options, and evaluate the return on investment for their chosen university. In the end, with proper planning and consideration, pursuing higher education abroad can be a life-changing experience worth every penny. By weighing the cost against the potential benefits, students can ensure that their academic journey becomes a transformative investment for their future success and personal growth. Talk To An Expert