Padhai ki mehengayi badh rahi hai. Toh apki savings kyun nahi?

Traditionally, moms have always been the ultimate savers. Whether it's buying a pair of shoes right before your sports day or finding money for that one last school trip, moms always have money in their kitties. Here are some valuable investment tips for moms so that they can become the ultimate investors too. Importance of Investing as a Mom  Raising a child in today's world requires careful financial planning. From providing quality education to covering healthcare expenses, the costs can add up significantly. For instance, the average annual school fees in India can range from ₹50,000 to ₹2,00,000 or even more, depending on the institution and location. These expenses make it evident that investing is vital to ensure you have the financial means to support your child's growth, aspirations, and well-being throughout their journey to adulthood. Tip #1: Start with a Solid Financial Plan  Before diving into the world of investments, it's essential to have a well-defined financial plan in place. Start by setting clear financial goals, such as buying a house, funding your child's education, or building a retirement corpus. Assess your current income, expenses, and debts to determine how much you can allocate toward your investments. A solid financial plan will serve as your roadmap and guide your investment decisions.  Identify Your Risk Tolerance  Investing involves taking on some level of risk. It's crucial to assess your risk tolerance before making investment choices. Consider your age, financial responsibilities, and personal preferences. If you have a higher risk tolerance, you may opt for equity investments such as stocks or mutual funds. If you prefer lower risk, consider recommending hybrid, debt, or index funds that provide a more balanced approach to investing, combining the potential for growth with stability.    Diversify Your Portfolio  Diversification is a key principle to mitigate risk and enhance returns. Spread out your assets among many asset classes rather than putting all of your eggs in one basket. This can include stocks, bonds, mutual funds, real estate, and even alternative investments like gold. Your overall wealth is less affected by the performance of any one investment when your portfolio is more diversified. https://www.youtube.com/watch?v=tdwqQH0xkFw Tip #2: Educate Yourself and Seek Professional Advice  Investing can seem complex, but it's important to educate yourself about various investment avenues. For better information, read books, watch webinars, and peruse online resources. Consider consulting a licensed financial planner or investment advisor as well. They can help you understand the nuances of different investment options and tailor recommendations based on your unique circumstances.  Research and Analyze Investments  When considering investment opportunities, conduct thorough research and analysis. Understand the fundamentals of the investment, evaluate historical performance, and assess the associated risks. Stay updated with market trends, economic news, and regulatory changes that may impact your investments. This knowledge will empower you to make informed decisions aligned with your financial goals.  Monitor and Review Regularly  Investing requires ongoing monitoring and analysis; it is not a one-time exercise. Monitor the efficiency of your investments and make necessary modifications. Stay vigilant about changes in market conditions and consider rebalancing your portfolio periodically. Regular monitoring ensures that your investments remain aligned with your goals and helps you identify opportunities or risks in a timely manner.  Investment options for self-employed parents? Read More Tip #3: Consider Tax Planning  Tax planning is an important aspect of investing that can help you optimize your returns and minimize your tax liabilities. Explore investment options that offer tax benefits, such as Equity Linked Savings Schemes (ELSS) that provide tax deductions under Section 80C of the Income Tax Act. Additionally, be aware of the capital gains tax implications for different investments and plan accordingly to maximize tax efficiency. Tip #4: Invest in Child-Specific Financial Instruments  As a mom, your child's future is a top priority. Consider investing in child-specific financial instruments like Sukanya Samriddhi Yojana, which offers attractive interest rates and tax benefits for the girl child's education and marriage. Public Provident Fund (PPF) is another option that provides long-term savings and tax advantages, making it ideal for your child's higher education or other future expenses.  Create an Emergency Fund  Maintaining an emergency fund is essential for maintaining financial stability because life can be unpredictable. Set aside a portion of your savings as an emergency fund that can cover at least six months of living expenses. This fund will serve as a financial cushion during unexpected situations, such as medical emergencies or job loss, and prevent you from dipping into your investments prematurely.  Harness the Power of Systematic Investment Plans (SIPs)  Systematic Investment Plans (SIPs) are a popular and convenient investment option, especially for moms with busy schedules. You can invest a certain amount on a regular basis in mutual funds using SIPs. This disciplined approach not only makes investing hassle-free but also helps you benefit from rupee cost averaging and compounding, leading to potential long-term wealth creation. How single parents can save for higher education? Read More Tip #5: Check Financial News and Develop Financial Literacy  In the fast-paced world of finance, staying updated with financial news and market trends is essential. Subscribe to reputable financial publications, follow reliable financial blogs, and set up alerts for relevant news. Developing financial literacy will empower you to make informed investment decisions, understand economic indicators, and navigate the financial landscape with confidence. Tip #6: Have a Long-term Perspective  The journey of investing calls for endurance and a long-term outlook. While short-term market fluctuations may cause temporary fluctuations in the value of your investments, focusing on the long-term growth potential is key. Avoid making impulsive decisions based on short-term market volatility and instead, stay committed to your financial plan and investment strategy.  Reinvest Dividends and Returns  When you receive dividends or returns from your investments, consider reinvesting them instead of immediately spending them. Reinvesting allows you to harness the power of compounding, where your money generates additional returns over time. This can significantly boost your investment portfolio and accelerate your progress towards your financial goals.  These investment tips for moms can be followed by all moms regardless of their income. You can start small and grow your wealth over the years!  

Education loans offer instant financial relief. But before we guide you on how to find the best education loan for yourself. Here is sneak-peak into the rising costs of education and what kind of loan amount you might need. The cost of education, especially higher education, is increasing at a rapid pace. For instance, in 2016, tuition fees in IITs were increased from 90,000 INR to INR 2 lakhs per annum. Moreover, a medical or a management course costs anywhere between INR 10 lakhs to INR 20 lakhs in India.   If your child pursues the same course abroad, costs can go up to INR 50 lakhs! Self-financing is one of the best options. However, sometimes, parents can fall short of arranging the entire cost of education for their kids. With a good education loan, you can bridge the shortfall.   With the cost of education skyrocketing, education loans greatly assist parents in meeting their child’s aspirations. With an education loan, parents can afford to send their children for higher studies abroad. Here are some strategies to help your child find the best education loan.     https://www.youtube.com/watch?v=4gTQkdePOWM EduFund 1. Research the best interest rate   Look for the best interest rate when selecting an education loan for your child. Education loans don’t come cheap and the interest charges can be hefty. But in most cases, banks can decrease the interest rate if the EMIs are paid properly on time. Moreover, if the loan is repaid without default, you can evade higher interest rates.   2. Collateral clause  Since defaults are pretty common, lenders insist on collateral for education loans. It is crucial to be aware of collateral before applying for an education loan. The collateral for an education loan usually involves fixed deposits, a house, land, etc. Note that with collateral, you can decrease interest rates.  3. Co-borrower or guarantor   Note that it is a standard practice for most financial institutions to insist on a parent as the guarantor. The number of years of service the parents possess plays a crucial role here. If you are about to retire while applying for an education loan, the lender won’t consider you as a guarantor. Moreover, you have to incur higher interest rates in the absence of a guarantor.   source: pixabay 4. Importance of margin money   You should check how much the lender will fund and how much you need to pay as a down payment. However, this requirement varies based on the lender, loan amount, and place where your child will study.   For instance, PSU banks usually charge a 5% margin for loans above Rs. 4 lakhs. On the other hand, they will charge a 15% margin money for studies abroad. Private banks may fund without any margin requirements. But be careful, you may want to refrain from paying higher interest rates just to avoid paying the margin.   Learn from Experts: Satendra Singh, Loan Expert with HDFC Credila talks about education loans! https://www.youtube.com/watch?v=Q4LEzHbW75o&t=141s 5. Select the right bank   A number of banks offer educational loans for various courses in India and abroad. You should select a bank that offers you the best moratorium period. Furthermore, the bank should offer you competitive interest rates so that your child finds it easy to repay the loan. It is usually recommended to select a lender that offers you the best loan terms rather than finance.   You should also check if you can pay EMIs in advance or make part payments towards the loan. It is imperative to learn about all the service charges that are applicable to your education loan. Parents opting for education loans should know that both part payments and prepayments come with a warranty.   6. Plan for repayment   Budgeting is always an important part of the repayment of the education loan. Once your child starts earning, they need to strategize to pay back the loan. Inculcating healthy financial habits in your child is, therefore, crucial for the effective repayment of the education loan on time. Loans can become burdensome after a while. Hence, it is better for your child to know how to repay properly.   7. Look for tax benefits   Many parents do not look at the tax benefits offered under Section 80E of the Income Tax Act on the interest you pay for the educational loan. However, you should apply for this loan from a gazetted financial institution or an Indian-scheduled bank. However, these deductions are available only for the initial assessment years and seven years after.      8. Apply for the loan in installments   To make it easy for your child, always apply for an education loan in installments. Lenders charge money on the amount of money disbursed. Since you have to pay tuition fees every 6 months, then try to ask for a disbursement plan that helps you reduce the interest and pay your bills on time. Interest accumulated will be less when you apply for the loan in installments.   If you are looking for the right education loan for your child then follow these strategies and help them secure the right deal to kickstart their education dreams.  FAQs Which bank is best for educational loan? There are many banks in India that offer educational loans for students starting at 8-9% interest rate. The interest rate depends on your profile and it differs from person to person. You can apply with EduFund and analyze which bank suits your application in the best way possible. Do we get 100% student loan? Yes, you can get 100% coverage for your student loan in some cases. Absolute coverage is given in rare cases and there is a limit on spending as well. Is education loan interest free? No, education loans are not interest-free in India. Students do pay interest starting at 8-9% depending on your application. Consult an expert advisor to get the right plan TALK TO AN EXPERT

In the previous article, we discussed can we really do MBA in the UK for under Rs 25 lakhs. In this article, we will talk about how much to save for MBA in the USA for your child. The USA is the number destination for MBA but this course comes at a high price! Most MBA universities charge thousands of dollars in tuition fees and on top of that, there is the cost of living but there are many ways to reduce these costs. From scholarships to fee waivers to exploring savings opportunities, here is how much to save for your child’s MBA in the USA!   What is the cost of applying to study in the USA?  Before you start putting together the list of things your child will need for the overseas trip, here are a few things for you to consider. Prior to applying for admissions to any of the universities in the USA, these are the expenses you must allow for:   CategoryAverage Amount (in INR) USA Visa Application0.12 lakhsSEVIS Fee0.27 lakhsTOEFL Exam Fee0.13 lakhsIELTS Exam Fee0.15 lakhsGMAT0.19 lakhsGRE0.16 lakhsAirfare0.45 lakhs to 0.85 lakhs  Add to this the cost of coaching and counseling required to crack the above-mentioned exams with good scores to enable you to get into the university of your choice. Planning for your MBA studies overseas must start at least a year and a half in advance. Check the intake period of the various institutes and ensure the applications and paperwork submission is aligned to the same.  Plan your expenses: Know the fees structure for USA universities MBA fees in the USA  Once you have initiated the necessary exams and eligibility procedures, the search for the university that fits into your budget begins. MBA courses in the USA range from one year full-time to 2-3 years part-time or online programs. The average fee for an MBA course from a reputed university typically costs around USD 60,000 and can go up to USD 100,000 for the Ivy Leagues.   This translates into Rs. 45 lakhs to Rs. 75 lakhs in terms of tuition fees. Further depending on the university, the location, and the individual lifestyle of the student, the annual expenses can range from Rs. 13 lakhs to Rs. 40 lakhs.   As you can see, if you are looking to send your child to the USA to pursue MBA, you will need to cough up approximately Rs. 1 crore for the entire duration of the stay. This can be backed up by part-time jobs, campus jobs and of course, scholarships offered by the universities, by the US government for international students, and also independent scholarships offered to Indian students.   source: pixabay Reduce the cost of your MBA in the USA with scholarships in USA! How to create a financial plan for MBA in the USA for your child?  In light of the corpus required to do the MBA in the USA, planning your funds well in advance will help your child pursue this dream with ease. Here are a few tips that can help you get started early as you make the plans for your child’s MBA studies in the US:  1. Start a college fund as soon as you decide on this goal: ideally having a 10-15 year investment duration is great. If you don’t have this time, start immediately as the corpus you will need is substantial.   2. Depending on the time horizon of your investment, here is how you will need to invest:  Long-term (10 – 15 years duration): High risk and high return investment in equities  Mid-term (7 – 10 years duration): Balanced investment portfolio with 65% in high risk, rest in debt instruments   Short term (3 – 7 years duration): Low risk, secure, low returns investment in debt instruments. The key is to keep your capital safe and your investments high. You can develop a more refined approach to investing with the help of professionals who understand your financial situation as well as your financial goals.  3. Follow a disciplined approach to your savings and investments.   4. Take the benefit of compounding growth of investment when you start early and do not dip into the college fund. Protect this fund as the dates for admissions are fixed and falling short of the required amounts will mean you may have to compromise on the institute/course that the child is opting for.   5. Regularly monitor your investments and realign these to ensure the corpus is building up towards your target amount.   6. Keep a watch on the universities that you plan to apply to, and watch the changes in their international student policies and fees.   7. Start your research early for the scholarships available, tracking eligibility and ensuring your child achieves the academic scores needed to apply for these, should the need arise.   Sending your child to the US for higher studies is a serious and long-term project. Start early and stay on top of the funds. This will make the entire experience of overseas travel and study a truly enjoyable one for your child and your family! Click here to invest! FAQs How much money is needed to do MBA in USA? Pursuing MBA in USA is expensive; it is listed as one of the most expensive courses in the world while USA is considered the most expensive student destination. The average fee for an MBA course from a reputed university typically costs around USD 60,000 and can go up to USD 100,000 for the Ivy Leagues.   This translates into Rs. 45 lakhs to Rs. 75 lakhs in terms of tuition fees. Further depending on the university, the location, and the individual lifestyle of the student, the annual expenses can range from Rs. 13 lakhs to Rs. 40 lakhs. How much does MBA cost in USA for Indian students? The average fee for an MBA course from a reputed university typically costs around USD 60,000 and can go up to USD 100,000 for the Ivy Leagues.  This translates into Rs. 45 lakhs to Rs. 75 lakhs in terms of tuition fees. How long is a full time MBA in USA? Full-time MBA in USA is 2 years. The cost of pursuing MBA in USA for Indian students is Rs. 45 lakhs to Rs. 75 lakhs in terms of tuition fees. Consult an expert advisor to get the right plan for you TALK TO AN EXPERT

UTI is one of the pioneers of the Indian Mutual Fund Industry. With over Rs 2.4 Lakh crore, the AMC is among the most trusted names in the mutual fund space. The UTI Mutual Fund offers products across asset classes. https://www.youtube.com/watch?v=tdwqQH0xkFw UTI Arbitrage Fund  Investment Objective The scheme aims to generate capital appreciation through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative segment and by deploying surplus cash in debt securities and money market instruments.   Investment Process   The fund follows a strategy to take advantage of the arbitrage opportunities arising from the price difference between the cash and derivative market. The fund will endeavor to enhance returns through arbitrage between spot and futures equity markets. The fund manager will evaluate the difference between the price of a stock in the futures market and the spot market on a market-neutral basis. The balance portion of the portfolio is invested in FDs, debt instruments, money market instruments, and/or units of debt funds of Mutual Funds Source: UTI MF Portfolio composition  As a hybrid fund, the funds are allocated to Equity (Hedged), Commercial Papers, Government Securities, Certificate of Deposit, T-Bills, Treps, and NCA. Note: Data as of 30th April. 2023.Source: UTIMF, Value Research Top 5 Holdings  Name Sector  % UTI Money Market Direct - Growth Financial 10.12 ICICI Bank Financial 6.50 Kotak Mahindra Bank Financial 5.46 Reliance Industries Energy 4.91 Ambuja Cements Materials 3.51 Note: Data as of 30th April. 2023. Source: UTIMF, Value Research  Performance since inception  The fund has generated a CAGR of 6.73% since inception for its regular plan as on 31st March 2023.  Note: Fund performance since launch; Inception Date – 22nd June. 2006. Source: UTIMF Invest Now UTI Hybrid Fund Read More Fund manager  Sharwan Kumar Goyal: Sharwan Goyal is Fund Manager and Head - Passive, Arbitrage, and Quant strategies at UTI AMC. He is a CFA Charter holder from CFA Institute, USA, and holds a post-graduate degree in Management (MMS) from Welingkar Institute of Management, Mumbai. He has over 16 years of experience in Risk Management, Equity Research, Portfolio Analysis, and Fund Management at UTI AMC.  Amit Sharma: Mr. Amit Sharma has been associated with UTI AMC for the past 13 yrs. He is a CA Charter holder and an FRM charter holder. In UTI, he has worked in the Valuation team and is currently the Fund Manager of the UTI Overnight Fund, UTI Liquid Cash Plan, UTI Money Market Fund, and UTI Arbitrage Fund (Debt portion)  Who Should Invest?  Investors looking to take advantage of the arbitrage opportunities in the equity markets  Investors looking to invest on a medium-term basis without a directional exposure  Why Invest?  A fully hedged portfolio eliminates the risk typically attached to directional Volatility management calls.  The equity status of the fund lowers the incidence of capital gains tax.  Low expense structure compared to peer average.  Horizon  Ideal for investors with a time horizon of six months and above.   Conclusion  The equity portion of the fund's portfolio is managed actively through strategies such as Fresh Arbitrage, Reverse Arbitrage, Churning, and Short Rolls. In contrast, the debt portion is managed conservatively by investing in short-maturity and high-credit quality instruments. The fund has outperformed both benchmarks consistently. Hence, investors looking for capital appreciation without aggressive risk can consider this fund. DisclaimerThis is not recommendation advice. All information in this blog is for educational purposes only. 

Studying abroad may be a rewarding experience that opens up a world of knowledge and opportunity. However, pursuing education abroad sometimes entails a significant financial load. Many students may end up with large student loan debt as a result of the cost of tuition, living expenses, and other related fees. Thankfully, there is hope in the shape of debt forgiveness or discharge programs created especially for loans taken out for studying abroad. In this blog, we have discussed the process of applying for loan forgiveness or discharge. Understanding loan forgiveness and discharge Individuals may still be burdened by student loan debt years after they have finished their school. However, programs for loan discharge and forgiveness give borrowers who are having a hard time making their loan payments comfort and optimism. Let's examine the ideas of loan discharge and forgiveness to comprehend their relevance better. Loan Forgiveness: The elimination of a borrower's responsibility to repay all or a portion of a debt is referred to as loan forgiveness. Usually, this relief is offered upon the completion of particular criteria or prerequisites. Depending on the forgiveness program and the borrower's eligibility, the amount forgiven may change. Loan Discharge: The total termination of a borrower's responsibility to repay a debt is referred to as loan discharge. Exceptional situations, such as when the borrower suffers a permanent disability, the educational institution closes, or the borrower dies, are normal when it is given. The borrower is released from any further repayment obligations and is not taxed upon loan discharge. https://www.youtube.com/watch?v=HEgDlLoxsjo Types of loan forgiveness or discharge programs Borrowers with loans for international education are eligible for a number of loan discharge and forgiveness programs. You may choose the programs that best fit your needs by understanding the possibilities. Here are some typical programs to take into account: Public Service Loan Forgiveness (PSLF): This program allows borrowers who have made 120 qualifying payments while working full-time for qualified employees in the public sector and have eligible federal Direct Loans to have the remaining balances forgiven. It is a great choice for borrowers who want to work in the public or nonprofit sectors. Total and Permanent Disability Discharge: Borrowers who experience a total and permanent disability may qualify for loan discharge. This program relieves them of the obligation to repay their federal student loans. Documentation from a physician or the Social Security Administration is typically required. Closed School Discharge: If your school closes while enrolled or shortly after withdrawal, you may be eligible for loan discharge. This program applies to federal loans, ensuring that you are not responsible for repaying loans taken for an educational program that was abruptly discontinued. Other Programs: Depending on your circumstances, you may also explore programs such as Income-Driven Repayment Plan Forgiveness, Perkins Loan Cancellation, Military Service Loan Forgiveness, and more. Each program has specific criteria and benefits tailored to different situations. Remember to thoroughly research each program, review eligibility requirements, and gather the necessary documentation before applying. Understanding the available options empowers you to choose the program that best aligns with your specific needs and goals. https://www.youtube.com/watch?v=tdwqQH0xkFw Applying for loan forgiveness or discharge Applying for loan forgiveness or discharge requires careful attention to detail and adherence to specific procedures. Follow these steps to navigate the application process effectively: Research Programs: Begin by researching the forgiveness or discharge programs applicable to your abroad education loans. Understand their requirements, benefits, and deadlines. Ensure that you meet the eligibility criteria for the chosen program. Gather Documentation: Collect all the necessary documentation required for your application. This may include loan statements, payment history, employment records, proof of study abroad program eligibility, and any other supporting documents specific to the program you're applying for. Keep your documents organized and accessible. Review Application Instructions: Read the application instructions thoroughly to understand the specific requirements and procedures. Be aware of any deadlines and ensure that you comply with all instructions to avoid delays or potential rejections. Complete the Application Form: Fill out the application form accurately and provide all requested information. Double-check for errors or missing information before submitting. For online applications, ensure a stable internet connection and save a copy of the submitted form for your records. Submit the Application: Submit your completed application form and all supporting documentation through the designated channels. For federal loans, this is typically done online through the loan servicer's website. Private loans may have different submission processes, so consult your lender for guidance. Follow-Up and Monitor Progress: After submitting your application, follow up regularly to track its progress. Maintain open communication with the loan servicer or lender and inquire about any additional documentation or updates required. Keep records of all correspondence for reference. Be Patient and Persistent: The loan forgiveness or discharge process can take time, so be patient. It may involve multiple stages of review and evaluation. If you encounter any issues or experience delays, don't hesitate to reach out for clarification or assistance. https://www.youtube.com/watch?v=uPGJr3BiXpI When loan forgiveness or discharge might apply for abroad education loans Loan forgiveness or discharge for abroad education loans can be applied in various circumstances. These may include the closure of the educational institution, fraudulent activities by the institution, the borrower's disability, or even the borrower's death. Understand the specific conditions and requirements for each circumstance and gather the necessary supporting documentation to strengthen your application. Applying for loan forgiveness or discharge for abroad education loans requires understanding the eligibility criteria, gathering the required documentation, and following the application process diligently. By exploring the available programs and adhering to the necessary steps, borrowers can alleviate their financial burden and achieve a fresh start in their financial journey.

HDFC Asset Management Company Ltd. (HDFC AMC) is one of India's largest mutual fund companies. It is among one of the most profitable asset management companies (AMC) in the country. The company manages assets worth Rs. 4,49,766.281 crores (excluding domestic fund of funds) as of 31st March 2023.  Let us talk about the consumer product – HDFC Multi Cap Fund.  https://www.youtube.com/watch?v=tdwqQH0xkFw HDFC Multi Cap Fund  Investment Objective   The scheme's investment objective is to generate long-term capital appreciation by investing in equity and equity-related securities of large-cap, mid-cap, and small-cap companies.  Investment Strategy  The fund manager follows a mix of top-down and bottom-up approaches to stock selection. The strategy is to invest in companies that are leaders or are gaining market share due to superior execution, scale, better adoption of technology, etc.   Portfolio Composition  The fund holds 98.67% equity across large-cap, mid-cap, and small-cap stocks and 1.33% in Cash and cash equivalents. The significant sectoral exposure is Banks, which account for over 15% of the portfolio. The top five sectors hold more than 40% of the portfolio. Note: Data as of 30th April. 2023.Source: Value Research Top 5 Holdings for Multi Cap Fund  Name Weightage % ICICI Bank Ltd. 4.27 HDFC Bank Ltd. 3.94 Infosys Ltd. 2.51 Reliance Industries Ltd. 2.45 Apar Industries Limited 2.39 Note: Data as of 30th April. 2023. Source: Value Research  https://www.youtube.com/watch?v=qy_EsYNTJU4 Fund Managers for HDFC Multi Cap Fund  Mr. Gopal Agrawal (Since 10th December 2021)– Fund Manager - Collectively over 17 years of experience in Fund Management and two years in Equity Research  Mr. Priya Rajan (Since 01st May 2022) – Senior Equity Analyst and Fund Manager for overseas Investments - Collectively over 15 years of experience.  Who Should Invest in HDFC Multi Cap Fund?  Investors looking to invest in an equity portfolio with a broad representation of sectors across market cap can consider this fund. However, investors should remain invested long-term to witness wealth creation.  Why Invest in this Fund?  Multi-cap provides balanced exposure to all sizes of company stocks which makes them more diverse.  As per the data released by AMFI for Jan-Mar. 23 quarter, HDFC AMC is the third largest AMC in India.  Time Horizon  One should look at investing for a minimum of three years or more.  Investment through Systematic Investment Plan (SIP) may help in tackling the volatility of the broader equity market.  Conclusion  The HDFC Multi Cap Fund was launched on 10th December 2021 and delivered over 25% return in the last year compared to 13.74% of S&P BSE 500 TRI in the same duration as on 11th May 2023. However, we must monitor the fund's performance over the long term. Investors need to remain invested for the long term to witness wealth creation.  DisclaimerThis is not recommendation advice. All information in this blog is for educational purposes only. 

A student may need more financial means to attend the institution of their choice, but an education loan can help. However, this practical means of paying for your education also requires repayment.  Repaying your student loans decreases your debt-to-income ratio, gives you financial freedom, boosts your credit score, and helps you save money while pursuing other financial goals. In this blog, we'll go through strategies to keep your money in order and organized while handling your student loan payments while you're studying abroad. Create a sound financial plan When enrolled in the course, use money wisely. Get a firm understanding of your debt situation, then create a budget to deal with it. Save money on something other than unimportant things. Use the right insurance coverage to cover your medical costs. As part of your financial strategy, look for part-time work so you can regularly set away money. It matters, no matter how little. Over time, smaller sums that are methodically put together build up to larger ones.  This will help you accumulate cash reserves that you may use to sustain yourself while looking for work when your degree is over. Furthermore, you will be prepared to make the EMI payments on your student loans until you get your first paycheque. You earn an additional benefit if the country where you are pursuing your course of study has a higher currency value than the Indian Rupee because the study loan's currency denomination is Indian Rupees. Advice for students who are considering studying Abroad Read More Always build an Emergency fund  You can get started by saving away a tiny sum of money each month. By the time your student loans are repaid, you may try to have amassed a sizable sum of money. According to the calculation above, your emergency fund should be Rs 40,000 x 6 months = Rs 2.4 lakh if your normal, recurring, and unavoidable monthly costs total Rs 40,000. Find some good investments This might be a wise strategy for paying off your student loan debt after you start working or if you have additional money. The goal is to invest for a longer period. Invest in a reliable mutual fund or a fixed deposit that offers an annual return that is fixed. By using the interest or returns from your assets, you can use this technique to pay off some of your loan EMIs. Consequently, you will only need to use some of your income to repay the loan in full. Your money will continue to grow as a result. You will be able to pay off your debt by creating an asset. https://www.youtube.com/watch?v=tdwqQH0xkFw Create extra income After the moratorium period is passed, the majority of students begin paying. However, it is advisable to start working part-time while pursuing a degree. Pay down your student loan debt with the money. We millennials know how to use the internet to get some side income. So, start promoting your services as a freelancer online or as a social media influencer. If the traditional route appeals to you more, apply to be a TA. Working even a small amount of time may increase your income and reduce your debt.  Pay more Paying more than the required minimum each month is one of the most straightforward strategies to eliminate debt. Any additional funds you provide to the bank are subtracted from the principal, so even a modest amount can go a long way because it lowers interest. You should prepay the debt partially or entirely if you have enough money. Save more While making monthly payments toward student debt repayment is a good idea, creating a recurring savings account is even better. Automate the procedure to ensure consistency and make it easier to administer. Each month, deposit a certain amount into it. Use the accumulated corpus to pay back the student debt.  Keeping track of any financial windfalls is another way to increase your savings. Don't spend money received from family members, friends, or elders, a signing bonus, or a tax return. Use it to settle a portion of the debt. Self Financing vs Students Loans Read More Consider refinancing your loan There are two approaches you may take: Check to see if you may move your loan to a bank with lower interest rates. Ask your current bank to cut the interest rate. The danger is lessened once you begin working, so the lender could be willing to reward you with a better interest rate. Finally, repay your study abroad loan before receiving your first income. Take the steps right now to live a stress- and debt-free life.

Saving money is an essential habit that can lead to financial stability and security. However, more than simply saving money is needed to achieve financial goals. Many people wonder how to double their money or ways to double their money. One option is to double your money with options, but we will explore other methods to grow your savings.   Invest in the Stock Market:   Stock market investments can provide an opportunity to double your money over time. Carefully research and choose solid companies with a track record of growth. Consider portfolio diversification to minimize risk and maximize returns.   Real Estate Investment:   Real estate can be proved a lucrative investment option for growing your savings. Whether through rental properties or property flipping, real estate has the potential to provide significant returns. Conduct thorough market research and seek professional advice to make informed decisions.   https://www.youtube.com/watch?v=sNqwEZbjEvc Start a Side Business:   Launching a side business can be an excellent way to double your money. Identify your skills and passions, and turn them into a profitable venture. Dedicate time and effort to building your business, and reinvest profits to fuel its growth.   Explore High-Yield Savings Accounts:   While traditional savings accounts offer minimal interest rates, high-yield savings accounts can provide better returns on your savings. Research financial institutions that offer higher interest rates and consider transferring your funds to these accounts to maximize your savings.   https://www.youtube.com/watch?v=tdwqQH0xkFw Invest in Bonds:   Bonds are relatively safer investment options that can help grow your savings. Government or corporate bonds provide fixed interest payments over a specified period, offering a predictable return on your investment. Consult a financial advisor to determine the best bond options for your financial goals.   Consider Peer-to-Peer Lending Platforms:   These platforms allow you to lend money directly to individuals or businesses in need, cutting out the middleman. By carefully assessing the risk and choosing reliable borrowers, you can earn higher interest rates than traditional banking products.   https://www.youtube.com/watch?v=l8Hyb77tkM8 Embrace Compound Interest:   Compound interest can work wonders for growing your savings. By reinvesting the interest earned on your investments or savings, your money has the potential to grow exponentially over time. Let compound interest do its magic by starting early.   Save and Invest Consistently:   We've all heard, "Consistency is key". And it is 100% true when it comes to growing your savings. Set a budget and allocate a portion of your income towards savings and investments regularly. Automating your savings and investment contributions ensures a disciplined approach that gradually builds your wealth over time.   https://www.youtube.com/watch?v=1ZI5xfmRB0g Maximize Retirement Contributions:   If you have access to a retirement plan sponsored by your employer, for instance, a 401(k) or a similar scheme, take full advantage of it. Contribute the maximum amount allowed, especially if your employer offers matching contributions. This helps grow your retirement savings and provides potential tax benefits.   Reduce Expenses and Eliminate Debt:   Examine your expenses closely to free up more money for savings and investments. Identify areas where you can cut back, such as unnecessary subscriptions or dining out frequently. Additionally, focus on eliminating high-interest debts like credit card balances, as they can hinder your ability to grow your savings.   What are the steps of budgeting? Read More Diversify Your Investment Portfolio:   Diversification is crucial in reducing risk and optimizing profits. Try investing in different asset classes like real estate, stocks, bonds, and even alternative investments like precious metals or cryptocurrencies. This diversification helps mitigate the impact of a single investment's performance on your portfolio.   Seek Professional Financial Advice:   If you need clarification on investment strategies or want personalized guidance, consider consulting a financial advisor. A professional can assess your financial situation, risk tolerance, and goals to create a tailored investment plan. They can also provide ongoing advice and help you stay on track towards doubling your savings.   Stay Informed and Educate Yourself:   The financial landscape is ever-evolving, and staying informed is crucial. Keep up with financial news, market trends, and investment opportunities. Educate yourself about different investment vehicles, their risks, and potential returns. With knowledge and awareness, you'll be better equipped to make informed decisions and grow your savings.   Stay Disciplined and Patient:   Growing your savings takes time and patience. Markets can fluctuate, and investments may experience temporary setbacks. Refrain from forming snap judgments based on momentary market fluctuations. Stick to your long-term plan, stay disciplined, and focus on your ultimate financial goals.   Regularly Review and Adjust Your Strategy:   Periodically review your investment portfolio and overall savings strategy. Assess the performance of your investments, make any necessary adjustments, and align your strategy with changing market conditions or personal circumstances. Regular evaluations help ensure that your savings continue to grow effectively.   Conclusion  By adopting investment strategies, consistently saving and reducing expenses, seeking professional advice, and staying disciplined, you can double your money and grow your savings. With patience and perseverance, you'll be on the path to financial success and a secure future.