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

The level of education in the UK is undeniably high, but one of the most worrisome realities is how expensive it is for international students to study in the UK. Living expenses in the UK for international students 1. Accommodation cost  The cost of housing is a significant factor that raises the price of studying in the UK for international students. Following are the types of accommodations and their costs in the UK: University Accommodation: For overseas students, the majority of institutions provide housing on campus or at a reduced rate. This can be obtained at no additional cost as part of your offer or for a fee. University residence halls are frequently where the best and most affordable solutions may be found. Private Accommodation: Look for housing that is closer to your institution if you decide to live in a private house. You can find a respectable location to live and study for GBP 350 to 550 (INR 31,000 to 49,000) each month. The most expensive of these cities in the UK is London, however, prices may var 2. Travel Cost  The subway is the least expensive form of transportation in and around the UK. The London Underground has a huge network and affordable rates. There are a variety of student discounts available to reduce the cost of travel. For Short Distance: Buses, regional trains, and tubes are all readily accessible. Getting a monthly bus or tube pass is the most cost-effective option. It is advisable to make sure that a taxi is on the meter before you order one. It is essential to decide on a sum in advance in cases when the meter is not functioning to prevent misunderstanding. For Long Distance: It is advisable to choose any of the following alternatives if you want to travel a great distance, such as from one city to another: Railways Air An intercity bus 3. Utility Cost  The monthly cost of essential services like electricity, water, gas, etc. ranges from GBP 50 to 120 (INR  4,500 to 11,000). The following are the necessary lists for utilities and daily/monthly necessities: Bills (electricity/ gas/ water) Mobile phones Clothes Toiletries Food and housekeeping Books and stationery Transportation, etc. 4. Food Costs Meal expenses may be kept to a minimum to save money. If you cook at home, you can spend about GBP 80 to 100 (INR 7,100 to 8,900) each month, or about GBP 250 (INR 20,000) if you buy meals or go out. 5. Entertainment cost Your monthly expenses for leisure and pleasure activities might range from GBP 50-250 (INR 4,500-23,000). 6. Taxes and insurance cost The greatest approach for overseas students to handle their everyday living expenses in the UK is through part-time employment. The opportunity to work 20 hours per week is available to every international student in the UK. While their lessons are in session, they are engaging in this behavior. During breaks, it switches to full-time. However, you will be required to pay national insurance and tax if you obtain employment in the UK while you are still a student: National Insurance: If you make more than GBP 166 (INR 16,458) each week, you must pay National Insurance.  Income Tax: If you make more than GBP 1,042 (INR 1.03 Lakhs) each week, you must pay income tax.  As a student, you must carry insurance, for which you must pay a monthly cost of between GBP 15 to 25 (INR 1,400 to 2,300). Other personal expenditures including clothing, hygiene, books, study materials, etc., run around GBP 100 (INR 8,900) each month. Top budget cities for international students in the UK How to save for living expenses in the UK for international students? You may save for your child's future studies in the UK is using a few short- and long-term tactics. One simple strategy is to divide the sum assumed to be 1 crore and set aside around 40,000 per month, or roughly 4.5 lakh yearly for 18 years, and to start saving when your child is still a little child. Invest your money for up to 18 years to put it to work. SIPs might provide you with incredible rewards in 18 years if you keep investing for the future. Applying for and then repaying an education loan is the last and most difficult option. The rising expense of attending school in the UK can be somewhat countered by education subsidies, scholarships, and part-time employment. If your child intends to pursue further education in the UK while studying abroad, start saving now before it's too late!

Though the question may seem simple, there is no “one size fits all” response. Many Indian students going abroad for higher studies choose the US, Canada, or the UK to pursue law, an MBA, or STEM courses because of the standard of education and quality of reputed universities present in these countries.    The US and the UK offer students various benefits: quality education, a standard of living, excellent career opportunities, and part-time job offers, amongst others. To help you with the question, we will be doing a basic comparison between studying in the US and the UK to give you better clarity on education opportunities in these two countries. Top 5 universities in the US:   Massachusetts Institute of Technology- World Rank 1   Stanford University- World Rank 3   Harvard University- World Rank 5   California Institute of Technology- World Rank 6   University of Chicago- World Rank 10   Source: QS World University Rankings 2023   Top 5 universities in the UK:   University of Cambridge- World Rank 2   University of Oxford- World Rank 4   Imperial College of London- World Rank 6   University College London- World Rank 8   The University of Edinburgh- World Rank 15   Source: QS World University Rankings 2023   The US and the UK are home to most of the top 10 universities in the world. You can choose the US or the UK if your course and budget align with the universities mentioned above. Top courses - US vs UK The US offers top study programs for courses - Engineering, Business Management, Maths, and Computer Science, Social Science, Law, Medical Science, Fashion Design, Accounting, and Economics.    While the UK is best suited for the courses - Business and Administration Studies, Bioscience, Health and Medicine, Computer Science, Design Studies, Nursing, Law, Psychology, Sports and Exercise Science, and Subjects allied to Medicine.   Depending on the course of your choice, you can pick the best-fit country for you and pursue your education. Cost of education & living - US vs UK  The tuition fees for undergraduate courses in the US can cost you anywhere between 16 lakhs- 50 lakhs per year, while postgraduate courses can cost you between 16 lakhs - 57 lakhs per annum. The undergraduate courses can last for 4 years, and the PG courses go up to 2 years.    You would have to spend between 14 lakhs- 34 lakhs per year for undergraduate courses that last for 3 years in the UK. Postgraduate courses that last between 1-2 years can cost you 14 lakhs- 85 lakhs. The cost of studying is comparatively cheaper in the UK, given the duration of UG and PG courses are shorter.   The cost of living can vary depending on the type of accommodation, and the choice of lifestyle students prefer. The average cost of living in the US for an international student is 8 lakhs - 15 lakhs per year, while the average cost in the UK can be between 9 lakhs - 14 lakhs per year. Additional read: MBA in finance vs Masters in finance Can you work while studying in the US and the UK?   You can work up to 20 hours per week and 40 hours per week during holidays inside the campus in the US. However, working off-campus in the US is challenging as many universities don’t prefer international students working off-campus due to visa-related restrictions.    International students can work up to 20 hours per week inside the campus under a university employer, part-time in the UK. A few universities allow students to work off-campus in the UK depending on their choice of study program.    Both the countries offer to stay back option to international students post-completion of their course. The British government recently made amendments to its rules allowing international students to stay back for two years post-degree completion. The US allows international students to apply for OPT (optional practical training), which helps them to gain work experience in their field of study for 1 year after completion of the course. Employment opportunities - US vs UK  Both the US and the UK offer international students a variety of job opportunities. The US provides better options in finance, dentistry, management, and software engineering roles. And the UK provides good opportunities in aviation, corporate management, nursing, and mechanical engineering.     We hope the comparison helped you get some clarity on the diverse opportunities the US and the UK offer international students. Make a wise choice depending on your passion, study program, and budget limitations. For better insights and information, talk to educational counselors on the EduFund app.      Note: Choosing a country or course to study is all about finding your best-fit university/course/nation that matches your interests and affordability. Map out your priorities and goals and conduct extensive research before applying to a university.  Consult an expert advisor to get the right plan TALK TO AN EXPERT

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

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

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

Japan continues to amaze people all over the world with its distinct culture and traditions that perfectly blend with technology and innovation. Japan has grown tremendously throughout the years to occupy a key position when it comes to innovation, progress, and growth.  Aside from being a technological powerhouse, Japan is also renowned as an educational powerhouse. The credit for this goes to Japan's renowned institutions, which provide world-class education, training, and research opportunities.  Today, over 3 lakh foreign students from over 170 countries have chosen to study in Japan. International students are lured to Japan to study for its simplicity, diversified culture, and employment prospects, in addition to academic achievement. Why choose Japan to study? Here are a few factors that foreign students should know if they plan to pursue higher education in Japan: Instruction language: English and Japanese Average Study Cost: ₹3 - 8 lakhs per year Average Living Cost: ₹6 -  9.60 lakhs yearly Funding sources: Fellowships, Scholarships, and Grants Exam Requirement: IELTS, TOEFL, GMAT, GRE, EJU, and more. Intakes: 3 times per year - Spring, Fall, Summer  Top programs:  Welfare and Health Biological Sciences Food Science and Technology Fine Arts and Social Sciences Electronics and Engineering Business and Management, etc. Best cities for Students:  Tokyo Kyoto Sapporo Osaka Yokohama Fukuoka, etc. Cost of attendance The study cost in Japan is determined by the course and university your child chooses. The lifestyle they pick influences the total cost as well. The overall cost is divided into two categories: tuition fees and living expenses. 1. Tuition Fees In Japan, tuition is substantially lower than in the United States and the United Kingdom. It is best to send your child to a public institution if you want to save money. In Japan, unlike in other nations, the pricing structure for international and domestic students is nearly identical. Here are the rough fees for bachelor's and master's degrees- Bachelors: ₹3 - 8 lakhs annually Masters: ₹3 - 11 lakhs annually  2. Cost of Living The lifestyle chosen by international students determines the living costs in Japan. They should consider student living and applying for multiple scholarship programs if they have a limited budget. Some expenses, though, are unavoidable.  Depending on the location and lifestyle, the average student spends between ₹45,000 and 60,000 per month on housing and other basic needs. Cities such as Osaka and Tokyo are costlier than smaller towns in rural Japan. Additional read: Living expenses in Canada Top scholarships For Indian students, studying in Japan can be an expensive experience. This is when scholarships come in handy. Every year, Japanese universities and the Japanese government provide numerous scholarships to international students. The majority of the scholarships are entirely funded and open to students of all nationalities. The following are some of the top scholarships available at Japanese universities. Additional read: Living expenses in France Special scholarship in the Ph.D. program at Otani University 2022 International students with merit who are pursuing a Ph.D. at Otani University in any field. Benefit: A half-month stipend offered by the Student Services Organization. 1. Super KUAS-E Scholarship Students at Kyoto University of Advanced Science's Faculty of Engineering who have excelled academically.  Benefit: ₹6 - 7 lakhs stipend + tuition waiver + admission fee waiver 2. KUAS-E Scholarship Students at the Kyoto University of Advanced Science who have excelled in the Faculty of Engineering.  Benefit: Tuition tuition waiver (100%, 50%, or 30%) + Admission fee waiver (100%, 50%, or 30%) 3. MEXT Asia Pacific University Japanese Government Scholarship  Students with merit at the Asia Pacific University who are pursuing a full-time bachelor’s, master's, or Ph.D. degree.  Benefit: Full Tuition Fee waiver, Monthly Stipend as well as Airfare Tickets 4. ADB Scholarship University of Tokyo Students with merit at the University of Tokyo who are pursuing a two-year master’s degree. Benefit: Full Tuition Fee waiver, study material, Housing, Stipend, Airfare Tickets, and Medical Allowance. 5. Tokyo Institute of Technology Scholarship Students with merit at the Tokyo Institute of Technology pursuing their master’s or doctoral programs. Benefit: ₹80,000 - 85,000 per month for Master’s as well as Doctoral Programs. 6. KGU Graduate School International Scholarships Students with merit at the Kwansei Gakuin University pursuing postgraduate programs in Japan.  Benefit: 50% tuition fees covered per annum. Work Opportunities Students with work permits can work in a variety of part-time employment in Japan. They need to have a current student visa to apply for a work permit, which is placed on their passport as a sticker.  International students with a work permit are permitted to work 28 hours weekly during the school year and 40 hours weekly during the semester break. This is a great way to start earning and managing their funds and also gives them a work-life experience. Consult an expert advisor to get the right plan TALK TO AN EXPERT

According to a study by DNA, “A child begins its tuition by the age of 4 and continues until graduation”. From primary education to clearing competitive examinations like IAS and IPS, coaching remains an indispensable part of a student’s life. CRISIL (Credit Rating Information Services of India Limited) says- “ Preparing students for coaching classes may hit 70,000 crores by 2022, growing at a CAGR of 16%". Popularity reasons 1. Personalized and detailed guidance Coaching teachers and staff provide needed guidance to students based on personal experiences and teachings. They help students master concepts from scratch and eliminate any confusion. Their personal experiences help children clarify career goals and peep into the new options available to excel. Personalized interaction helps a child clear doubts and understand the subject in depth. 2. 1:1 attention Coaching institution aims at dividing the batch into limited students to pay attention to every student. According to a psychological fact, children learn better in a familiar environment. The coaching teachers help students progress according to their caliber. In schools, the teacher could hardly concentrate on every student given the time constraints. 3. Simplified learning with easy techniques and technology  With advanced techniques paving the way for all-inclusive education, private coaching classes prioritize personal attention. Using different learning and technological techniques for a defined group of students helps each student grow. They do so by grasping the learning pattern and ability of a child. This way, children could perform 60% better.   Using animated videos, quizzes, stories, and images on a projector helps children relate better to the concept. Children capture visuals better than text. 4. Specific attention in every subject  Students missing a day in school miss essential concepts. They cover up each idea quickly in situations with the flexibility of timing and learning concepts. Following half-known concepts in class becomes challenging but learning from scratch helps garner a grip over the concept. Even if they don’t understand, they could clarify the exact multiple times from the coaching teacher.  5. Flexibility to attend online classes  In cases where students struggle to follow up on concepts, they can arrange a 1:1 session with the coaching teacher. Additional read: Importance of an optimistic mindset in mutual funds investments Growth spectrum of private coaching classes in India by 2030 According to Economic Times, “India will become a 313 US million-dollar education industry market by 2030.” Upskilling and private coaching classes increased dramatically following the pandemic. Top 7 Productive ideas for growth Affordable Online test preparation and exam platforms Extra-curricular inclusive course structure Teacher training and development Affordable finance options- loans Innovative finance options in education and skilling Micro and alternative credentials to boost the employability of children Vast social and emotional learning opportunities How can technology bridge the remaining coaching gap?  The sudden closure of schools affected around 150 million girls. Many girls in rural India are devoid of any such educational opportunities. If the government makes adequate investments in this regard, one can bridge the education gap. Initiatives like affordable loan schemes, laptops, and internet connectivity in rural areas could help these kids enroll study in the best private coaching classes. Conclusion With private coaching fees increasing incessantly along with higher study costs, Edufund helps parents save through a personalized investment plan. You can invest in your child’s coaching class costs via short-term goal savings plans well ahead. Consult an expert advisor to get the right plan TALK TO AN EXPERT

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

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

There is no doubt that universities are charging today's students more for higher education in comparison to prior generations. The average cost of undergraduate tuition, fees, and living expenses climbed 169% between 1980 and 2020. While parents may plan their finances according to their child's higher education and invest in funds on time, they may still not be able to factor in inflation while focusing on the foreign application process in general. There are some rules to be followed to get your visa accepted, any error can cause your visa rejection. Canada alone rejected nearly 41% of the visa applications in 2022 itself. 1. Visa refusal Rejection of your request for entry into another country by an embassy, consulate, or high commission is known as a visa refusal. They offer the necessary reasons for the visa denial, which can enable you to make amends in subsequent visa applications. There are requirements you must meet to apply for a visa. You will not be granted a visa if you do not fulfill them. You might need to meet certain requirements, such as not having any pending criminal charges against you and not having given incorrect facts on the application for the visa. Your biggest nightmare might be having your visa application rejected. It is agonizing to put in numerous hours and efforts to obtain a visa only to have it denied. Whatever the grounds for the visa rejection, it not only crushes your plans to visit your destinations but also significantly impacts your future travel. 2. Lack of funds in the bank account This is among the most frequent reasons for visa denials. You must prove that you have the resources to support your stay for the entire period of your trip before entering a country. The expense of your travel in a certain country has been determined by the consulate at a specific amount. This is to prevent you from having a difficult time in the nation and from turning into a burden on it. A visa application may be denied if your account does not show the anticipated amount. It may also be denied if the money is difficult to obtain. For instance, to obtain a visa for a 15-day stay in the USA, you must have between $5,000 and $10,000 in your bank account. Your visa application will be denied if your bank statement reveals a balance of less than $ 5,000 and you requested a stay of 20 days. Additionally, if you send a credit card or other paperwork in place of an account statement, your application may be denied. An applicant for a student visa must be able to demonstrate their financial capacity to cover the cost of their first academic year. Consuls stationed in poor nations are extra careful against fraud in this area. Presenting a bank statement that demonstrates a $50,000 transfer onto your sponsor's account two days before the interview would raise concerns about the source and the authenticity of the funds' availability to cover the cost of the education. Parent-sponsors who work in low-paid government posts could come under suspicion. Friends who serve as sponsors could be questioned about their level of dedication. How familiar are you with this uncle-sponsor? How recently did you last see him? Most governments investigate how you came by the presented funds. Additional read: Financial Planning for Contingencies Steps to avoid Visa refusal and rejection You should generally be aware of the causes of visa rejection to prevent refusal or rejection. You must be extremely careful to follow all rules and regulations, provide the required documentation, and keep all differences to a minimum when applying for a visa. Check out the instructions on the embassy's website. After reading the directions, submit an online application. No section or column should be empty. To give the correct information, follow the directions provided in the relevant section. Include legal documentation. Maintain sufficient funds in your account. Clearly state why you want to visit, remain, and then leave the country. Do not make grammatical or spelling errors. Prepare your application well in advance. Complete the appropriate visa application processes. Some important factors to think about are your bank account balance, travel insurance, income tax obligations, legal situation, health, and medical status. How to overcome visa refusal? By supplying further evidence in support of one's eligibility, a visa applicant can overcome a refusal. If your application is denied, you will often receive a letter outlining all of the reasons why, so you can learn from your mistakes and be more cautious the next time you apply. The same visa may be reapplied for after a predetermined amount of time. Conclusion Undoubtedly, applying for a visa is a very busy and demanding process. The least you can do to avoid having your visa application rejected is to double-check that you complete everything correctly and follow all the guidelines carefully. Even though you can reapply, the aim should be to clear the process in one go as it becomes tougher to get a visa after a rejection. However, using a firm or expert to help you with your application is a wise choice but try to remain vigilant and proactive in the process! TALK TO AN EXPERT

One of the oldest & greatest universities, Harvard University is situated in Cambridge, Massachusetts. An Ivy League school, Harvard University is one of the most renowned universities in the world. In addition to being old, it has a low admittance rate because of the high caliber and variety of programs it offers. Some of the most well-liked courses at Harvard are offered by the Graduate School of Arts and Sciences (GSAS), which is the university's largest graduate school. The Ranking of Harvard University The acceptance rate at Harvard university Harvard's current admission rate for 2021-2022 is 4.7%. It is among the most difficult institutions in the United States, with a notably difficult enrolment process, prerequisites, and extracurriculars.  The Harvard University admissions office selects the best and most deserving individuals by evaluating each candidate in many categories such as academics, volunteerism, extracurricular activities, statement of purpose, and letter of reference. To get admitted to the university, students need to focus on their applications and distinguish themselves. The postgraduate acceptance rate at Harvard university Harvard University has about 22,000 students, 15,250 registered in professional and graduate study programs. Harvard is a stiff competitor for P.HD and other business qualifications, with an acceptance rate of 3.1%.  Every year, over 5% of overseas students enroll in postgraduate programs. Before getting into the Harvard admission rate, understanding the eligibility conditions is essential. A student must complete specific prerequisites to register for any course at Harvard. It is required that they meet their GPA criteria and take the SAT/ACT. These results reflect the prospective student's academic potential. A minimum of 80% in the 12th board test is required for a student to gain a strategic advantage in undergraduate courses. A letter of recommendation (LOR) and a statement of purpose (SOP) are also significant in the application's consideration. To prove their command of the language, international students must pass an English proficiency test, such as the standardized IELTS, TOEFL, and others. Harvard wants students to be at the top of their Class with a GPA of 4.18. Furthermore, students should take online programs - AP or IB courses - to demonstrate that school-level scholastics is simple. If the overall GPA is at or below the school average of 4.18, individuals will need to improve their SAT or ACT scores. It will help them compete effectively against other candidates with greater GPAs than you As per the last admitted class of 2026 at Harvard University, admission count details are as follows: 1. Number of Students Applicants - 61,221 Admitted - 1,984 Admitted from the waiting list – 36 2. Geographical breakdown New England - 16.6% Middle Atlantic - 22.3% South - 17.8% Midwest - 9.8% Central - 2.0% Mountain - 3.2% Pacific -13.4% Territories - 0.2% International - 14.8% 3. Popular specialization subjects The acceptance rate at Harvard in 2022 Harvard, which is already regarded as one of the most demanding colleges in the world, has become much more selective in recent years. In a typical summer semester, Harvard accepts around 5% of candidates. Because of the changing global climate and the elimination of the SAT/ACT, Harvard attracted 61,220 applications for the Class of 2026. (compared with 57,435 for the Class of 2025). The record-low acceptance rate for the Class of 2026 fell to 3.1% or 1,965 accepted students. All through history, Harvard's admittance rate has progressively declined. The admission percentage for the Class of 2001 was 12.3% in 1997. Only a decade later, in 2007, the Class of 2011 admission rate had dropped to 9%. After a decade, in 2017, the admission rate for the Class of 2021 dropped to 5.2%. Tips for your child to beat the low acceptance rate at Harvard Harvard candidates must be among the highest level of their class and have a certain GPA in order to get admitted. Students with GPAs ranging from 4.0 to 4.18 have the highest probability of acceptance. Harvard University requires a minimum SAT score of 1460, with students commonly obtaining between 1460 and 1580. A composite ACT score of at least 33 is required for admission to Harvard University. Admitted students normally score between 33 and 35. Applicants must be fluent in English and be able to communicate themselves properly. Conclusion Harvard University students have an average GRE score of 155-166 in verbal and 155-170 in quantitative. The MBA program at Harvard University is the university's flagship curriculum. To be considered, candidates must have an average GMAT score of 730. To be considered for admission to Harvard, Indian candidates must have a GMAT score of 700 or above. Harvard is looking for students who will add value to the campus community and who are unique and diverse. They seek out driven individuals who will excel in any field they choose. They want students to enthusiastically represent Harvard around the world in addition to improving it as a university. Consult an expert advisor to get the right plan TALK TO AN EXPERT

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