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Post-pandemic online master’s degrees have become extremely popular. If you have applied for an online degree and are finding it hard to pay the fees, then here are some merits and demerits of opting for a personal loan for an online master’s degree!  From top universities like Harvard University, Oxford University, the University of Edinburgh, and Johns Hopkins University to online platforms like Coursera and SkillShare made accessibility to quality education easier and a great way to upskill. While some are free, there are some that charge a heavy fee. Depending upon the course, the average cost of an online master’s degree can go up to $29,000 (Rs. 23-24 lakhs).   This can be tough to finance independently as most banks do not offer education loans are not offered for online degrees. Some banks like Axis Bank do offer education loans for an online master’s degree. But space is still limited. Maximum banks and financial institutions only sanction education loans that require students to study on campus, and online degrees are not covered by them. Thus, if you are short on expenses, then you can opt for a personal loan for your online master's degree.   What are the merits of opting for a personal loan for online master’s degrees?  1. Zero Collateral   Personal loans are called unsecured loans and they do not require collateral from the borrower to sanction their claims. It is easier to get a personal loan as banks do not need you to give land, shares, or other bonds as collateral to claim. The approval largely depends on your credit scores, income history, and general eligibility or worthiness in terms of repayment. If the bank feels that you are not capable of repaying the loan, they are likely to reject the application.   2. Easy Sanctions  Personal loans verify the candidate’s worthiness, credit history, and financial stability. If you can provide an assurance to the bank that you are able and willing to repay then the banks are likely to sanction your loan faster. In terms of personal loans without collateral, your relationship with the bank, income stability, and financial background comes in handy for easy sanctions.   3. Easy Disbursals  Some banks disburse funds within seconds! Once your loan is approved and accepted, the banks can wire the money to your account immediately. Most personal loans and their lenders pride themselves on immediate and easy disbursements so that the borrower can finance their immediate needs faster. It may not be the case for all types of loans as each has its own processing period.   What are the demerits of opting for a personal loan for online master’s degrees?  4. High-Interest Rates  Interest rates vary from bank to bank and to lender. Personal loans are by nature unsecured which means the chances of getting a high interest rate may be higher. Beware of the interest rates, try to consult multiple banks before starting the application process. Having a good relationship with a bank and a financial history can help you.  5. Stress of Repayment   The stress of repayment is associated with every loan and is not exclusive to personal loans. Most borrowers struggle with repayment and may find it overwhelming at times. Having a stable income or savings can help you with the process of repayment. The cumulative interest rates and rising prices can make the job tougher but not impossible.  6. Eligibility Rigidity  Since most personal loans are unsecured, they focus largely on your credit score and financial history to sanction it. This can be a merit and demerit because a low credit score could jeopardize your application approval and make it tougher for you to gain the amount you want. Applicants are scrutinized more closely and any flaw could delay the process.    These are some merits and demerits of opting for a personal loan for an online master’s degree! An informed and well-rounded decision can help you pick the right path and help you secure a brighter future. FAQs Can you take an education loan for online degrees? Axis Bank offers education loans for online courses and executive courses that further your career. However, most banks do not offer education loans for online programs. Is it wise to take a personal loan for higher education? If you have the capacity to repay your loan on time then you can consider but it's wise to opt for an education loan for education purposes because it is made for meeting your education requirements. Should you opt for a personal loan in lieu of an education loan? No, education loans and personal loans are not the same. They can not be interchanged. Personal loans have a shorter repayment tenure, higher interests, and no moratorium period, and the loan amount offered may not be efficient enough to cover all your education expenses.

Did you know that only 0.18% of people in India invest in equities? Our parents, grandparents, and grand grandparents have been taught to invest in FDs, real estate, gold, LIC, and PPFs. This tradition of investing in safe assets is hard to break. Ways to educate your parents about the investment scenario in India 1. Tell them about the benefits  The biggest benefit of investing is the opportunity of growing your wealth. Investing in a disciplined manner can help investors grow their savings and reach financial goals. You might not be able to duplicate the net worth and investment of growth of stalwarts like Rakesh Jhunjhunwala but investing small amounts of money in equity-based markets can yield significant returns over the years. It can help your parents build a retirement fund and beat the inflationary prices of general goods and services.   Other benefits of investing in stocks, mutual funds, and ETFs are liquidity (which means you can withdraw your money anytime you want), diversify your wealth (you can invest in a number of stocks that belong to different industries), opportunity to get dividends (some stocks and companies give dividends to their long-term investors) and interests that beat inflation. Another benefit is that you can start with a small sum and scale up after gaining a better understanding. Markets have enough space for small and big investors to meet their financial goals!  2. Spread awareness about Inflation   Inflation has broken the projections given by RBI at the beginning of 2022! It has remained uncomfortably high across the globe and pushing the prices of goods and services to an all-time high. The only way to protect your purchasing power is to start investing and making your money work for you. Consider this, money in your bank account gets an average interest rate of 2-3%, FDs have an interest rate of 5-6% while inflation is raging at the rate of 6-7% in India alone.   Inflation attacks your money in savings and FDs, which is why exploring newer investments is a smart way to beat inflation and protect your money in the long run.     3. Accessibility to investing and tracking   Investing is becoming easier and easier due to the bloom of fintech start-ups and financial influencers in India. The wealth of knowledge about investing, saving, and financial planning can be overwhelming but is a great way to educate a country that has traditionally shied away from investing. There are thousands of apps that help Indians invest in a number of financial instruments. As investors in India, all you need is a PAN card, an Aadhar card, and a banking account to get started on any investment app.   From investing in Mutual funds, and digital gold to US stocks and ETFs, the opportunities are endless! You can track your investment with no brokerage fees, and absolute transparency and get professional guidance from experts on how to start investing based on your financial goals.   However, it's important to be aware of where you are investing your money and to check that the App or platform is SEBI registered. Make sure to take all the precautions and understand the risks that are associated with investing.    4. Encourage them to secure their savings   While money in your bank account or FD is safe, it is not enough to keep up with the growing prices. The cost of products like oil, vegetables, transport, and education is growing at a higher rate than the average income across India. To bridge the gap, you can start exploring the investment market and diversify your funds. The market has enough opportunities for risk-averse investors, retired individuals, and newcomers! With proper guidance and an abundance of information, you can protect your savings via investing.   These are some ways to educate your parents about the investment scenario in India. Over the years, millions of Indians have entered the investment market of India. You and your parents could also benefit from the market if you start investing properly and in a disciplined manner. Don’t start randomly, study the market, do your research, and consult a professional to minimize risks and protect your savings!  FAQs What are some of the most preferred investment options in India? Gold, Real Estate, and Fixed deposits are the three most preferred investment options in India. How much does an average Indian invest? The average India invests nearly INR 5000 monthly according to a survey by AMFI. At what age can Indians start investing? Indians can start investing by the age of 18 years.

College costs, University fees, and related expenditures are fast growing worldwide, and education costs in Dubai will be no exception. Indeed, the UAE has been one of the world's top five most expensive university pricing areas. Because of inflation, the cost of your child's education in the future may be substantially higher than the cost of education now. Regardless of mounting academic expenditures, as a parent, you would want to create the best educational opportunities for your child to help them lead a successful life. So, what are your plans to ensure that you are making efforts to save adequate funds for their further education while still preparing for retirement and personal needs? Ways to fund your child's masters in Dubai 1. Approach a Financial Advisor A financial advisor helps clients with how, where, and when to invest. They may guide you to find a comprehensive financial plan or specific investment vehicles to reach a significant financial goal. You can get assistance from a skilled financial expert on the below aspects: Make a list of your life's goals, priorities, and fundamental economic beliefs. Set financial objectives. Set priorities and allocate suitable amounts of surplus revenue to specific purposes. Choose appropriate investment schemes to assist you in meeting your goals. Financial advisors from EduFund help Indian parents plan for their children's future. They help parents choose the right savings plans that suit their child’s educational aspirations. You may use the EduFund app to plan and save for your child’s school (short-term goal) and college expenses (long-term goal).  You may also modify your goals to your individual needs. Parents can use the app to save for their child’s education by investing in mutual funds and US stocks. The app also has a unique college cost calculator that tells parents the future costs of college and helps them plan and save early towards it. 2. Begin early savings The most straightforward method to afford your children's educational aspirations is to begin early; the sooner you start, the better!  You must begin saving as soon as your child is born; if you've not already started to save, now would be the apt time to focus on your savings. Even small monthly savings add up to a significant amount over time. You may begin with as little as Rs 5000 each month, which can aggregate and develop to about Rs 10,00,000 in 18 years if your investment grows at 7.00% per annum. Compound interest has more time to work when the horizon is longer. 3. Make your money speak for you Deposit account rates have always been lower than the current inflation rate. Furthermore, education inflation is much higher than household inflation; thus, it is critical to invest in assets that offer better returns. Mutual funds are an excellent solution for combating inflation and reducing the risk. A well-diversified selection of international mutual funds should allow you to accomplish your investment objectives with little effort. Mutual funds are generally regarded as a secure investment that enables the client to grow their savings with little risk.  A mutual fund invests in several assets; even if one of the sectors or assets performs badly, the overall investment is not affected by that.  4. Maintain your commitment Investing is a tedious process, but it is ultimately profitable. Honoring your commitment throughout the investing period is critical to the success of your kid’s savings plan. There will be times when appealing investment prospects will entice you, or market volatility will reduce your investment value; do not be distracted and stick to your commitment. Markets will be unpredictable in the short and medium term, but they will reward you with significant profits in the long run. Remember that the goal of this investment is to save for your child's higher education. Additional read: How to plan child's master's in the UK College costs vs. earnings College prices in US regions have risen by 169% since 1980, while incomes for employees aged 22 to 27 have increased by 19%. The average cost of an overseas education ranges from $27,330 for government in-state university graduates to $55,800 for privately funded university students. Tuition expenses, accommodation, grants for books and classroom supplies, transportation, and other incidental expenses are all included in college costs. Tuition costs for an entire year at universities in the UAE can range from US $13,000 to $35,000 for international students. The costs for some specialized courses may be expensive as well. Most colleges in the UAE charge an application fee of around $55. Dubai University Fee as on 2022 (Fees Structure In AED) Conclusion It is important to invest early to meet the education expenses of your child. Understanding the present financial situation and developing a workable budget strategy is critical. Hence, it is crucial for parents to set aside some money each month to save for their child’s education in the long term. FAQs Should you invest in your child's education? Yes, it is important to invest in your child's education as the cost of studying across the globe is increasing. It takes Rs. 30 lakhs to raise a kid in India before they even enter college. Universities' costs are rising high can be over 1 crore as well. What are the best investment options to save for your child's education? Some of the best options are Mutual Funds. A mutual fund is a great long-term investment option that is extremely affordable and cost-effective. Parents have to start with just 3000 monthly and save up to 15 lakhs by the time their child is off to university. Why is the general cost of studying master's in Dubai? The cost of studying master's in Dubai depends on your program and university. It starts with AED 30,000 and can go up to AED 100,000!

Kings College London is one of the most reputed colleges in the whole world. The cost of attendance varies significantly based on your child’s course and can go up to 48 - 50 lakhs in total. Let’s find out how you need to save to send your child to King’s College London.   Tuition fees for courses in King's College, London  The tuition fees for the courses offered at Kings College London are quite high compared to the adjacent colleges. Let’s look at some of the popular courses chosen by students and their corresponding tuition fees.  MBBS: Rs 41 to Rs 43 lakhs per annum  MIM: Rs 23 Rs 36 lakhs per annum  BE: Rs 27 to Rs 29 lakhs per annum  MA: Rs 19 to Rs 28 lakhs per annum  BBA: Rs 21 to Rs 28 lakhs per annum  With the data mentioned above, we can conclude that getting a degree from Kings College London can be heavy on your pocket. Hence, if you would want your child to get admission here, you must start preparing for it early on.  Saving and Investment Options for a Child’s College Education  1. Find out the Cost of Attendance  Suppose you want to buy a house in 10 years, what is the first thing you do? You will find the house you like and the cost of buying it. Similarly, before you start saving to send your child to King’s College London, you need to figure out what will be the cost of attendance in the next 10 years of your child’s course and figure out the solution.   You can look at the past and data to estimate the average tuition fees or simply use the College Cost Calculator to find out how much you need to save after putting in just a few details. The calculator tells you precisely how much it can cost to send your child to a college anywhere in the world.   On average, it costs Rs. 48-50 lakhs to study master's while the cost of attendance for a bachelor is Rs.70-80 lakhs in total.   2. Mutual Funds  Mutual funds are considered to be one of the best options to invest in if you have a child who is still quite young.  You can start a SIP for Rs. 1000 or more and scale your child’s education fund by the time they are ready to fly off to college. Mutual funds offer professional investment management, diversification, and liquidity. At a nominal price, you get access to different industries, companies as well as different markets. Always check with a professional financial advisor before pooling your money in any investments and read the fine print to stay updated.   Start Investing in Mutual Funds 3. Public Provident Fund  Public Provident Fund is a tried and tested way to save to send your child to Kings College London. PPF is one of the most reliable savings schemes opted for by parents for their child’s education. This scheme requires a 15-year-long commitment for the corpus. As of now, the interest rate offered here is 7.1% which is more than what is offered by banks. Presently, banks offer an interest rate of around 5% per annum. Parents can choose to increase the tenure of investment in blocks of five years. After the extension of the PPF account, the subscriber is allowed to make one partial withdrawal every year. However, a restriction is imposed here which says that the total withdrawals during those particular five years should not be more than 60% of the total account balance.  4. Gold Savings  Gold savings is one such option that has existed for so long now. Gold is said to have an ever-increasing value. While investing in gold savings, you should make sure that you do not invest in physical gold. As a parent, it would be best if you invest in Gold ETFs and Digital Gold.   You can follow a strategy where you can buy a small amount of gold every month. Once you have collected enough, you can build up a sizeable one with those small amounts. It has been observed that investing in gold has provided much better returns when compared to other assets.   Gold is a hedge against inflation and works with it. In times when the prices of all goods rise due to high inflation, gold also rises, making your investments diversified and inflation-proof!   Additional read: Why should you consider the UK for your child's higher education? 5. US Stocks  Investing in US stocks to send your child to King’s College London is an underutilized tool! Saving in dollars has dual benefits, you not only benefit from your initial investment as the US market grows but also when the rupee falls against the dollar. Investing in US stocks also increases your purchasing power abroad, it helps you tackle the increasing costs and not lose out more money in currency exchange.    6. Unit Linked Insurance Plan  The Unit Linked Insurance Plan is said to be the best fit for individuals who are looking for both investment returns and insurance protection. It has been observed that ULIPs have been able to provide better returns than many traditional investment options. It helps to beat education inflation and save up effectively for your child’s college education. In this scenario, the chance of getting better returns is higher because a portion of the premium that is being paid is invested in the funds operated in the capital market.   These are some ways to save to send your child to King’s College London. TALK TO AN EXPERT FAQs What are the estimated tuition fees for courses at King's College London? Tuition fees vary based on the course, ranging from approximately Rs 19 lakhs to Rs 43 lakhs per annum. The total cost of attendance can be substantial. How can I estimate the future cost of my child's education at King's College London? You can use a College Cost Calculator or refer to historical data to estimate the average tuition fees for the next 10 years. On average, it costs Rs. 48-50 lakhs for a master's degree and Rs. 70-80 lakhs for a bachelor's degree. What are some investment options for saving for a child's education? Investment options include Mutual Funds, Public Provident Funds (PPF), Gold Savings (Gold ETFs and Digital Gold), US Stocks, and Unit Linked Insurance Plans (ULIPs). Each option offers unique benefits and should be considered based on your financial goals and risk tolerance. Are there any recommended investment strategies for saving for education at King's College London? Starting a SIP (Systematic Investment Plan) in Mutual Funds is a popular strategy for long-term savings. Diversification, professional management, and liquidity are some advantages. Additionally, consider PPF for a reliable and tax-efficient savings option. How can investing in US stocks benefit saving for education abroad? Investing in US stocks can offer dual benefits. As the US market grows, you can benefit from investment returns. Additionally, when the rupee falls against the dollar, your investments gain value. This strategy can help you manage increasing costs and currency exchange risks when sending your child to King's College London.

People often consider grants and scholarships as synonyms because both provide financial aid. They help students to pursue their studies without the hassle of paying fees.   But there is a thin line that distinguishes grants and scholarships. A scholarship is only awarded to students, whereas grants are given to students, professionals, or research scientists. Both scholarships and grants are not student loans and do not have to be paid back in ordinary circumstances. Instead, these are financial help that encourages people to reduce debt, minimize work problems, promote research, and realize their dreams without any financial burden. Although both come under monetary help and are equally popular, it becomes crucial to have in-depth knowledge about them.  Grants vs Scholarships A grant is a financial award from a government, foundation, or company to another company or an individual for a specific goal or to encourage better performance. Scholarships are also defined as financial awards, but an organization offers government or a college/university only to students to pay for their degree courses as tuition and related fees. Need vs Merit Grants are need-based as they are awarded to deserving people who do not have the funds to fulfill their purpose. Scholarships are merit-based and need-based and go to students who cannot continue their studies because they lack adequate funds and have shown exceptional excellence or outstanding performance in their fields. 1. Purpose The purpose of grants and scholarships is different as the former is to fulfill a specific purpose which can be educational, research, or even to start a business. In contrast, the latter is meant only for educational purposes and is given to students who excel in sports, academics, or extracurricular activities. 2. Recipients  The grants and scholarships differ from each other as grants can be conferred to any individual, entity, non-profit organization, educational institution, or organization working towards a specific purpose. Scholarships are given only to students for excellence in their academic, athletic, or artistic abilities. 3. Source of funding The source of funding for grants and scholarships is both similar and different. Grants funding can be derived from non-profit organizations, colleges, and state governments. Scholarship funding is derived from various organizations and institutions. 4. Performance Grants and scholarships share a level of similarity. They require their recipients to live up to a certain standard, but the level of performance may vary. Grants are not purely based on performance, while scholarships depend on performance. Most scholarships may be withdrawn if students fail to keep up their academic performance. Depending on the type of scholarship, every student must participate and maintain a level of excellence.   5. Eligibility  Grant eligibility is based on financial need, whereas scholarship is flexible. It can be need-based, merit-based, or given to a specific community. Eligibility for a grant like the Federal Pell Grant is based on EFC, whereas the New York TAP Grants and Cal Grants establish their eligibility on income cutoff. The eligibility for scholarships is dependent upon a student’s GPA or high school grade point average, class rank, and test scores from the admission tests. Requirements and Restrictions The specific requirements and restrictions between scholarships and grants vary greatly as eligibility to receive grants ranges from one grant program to another. Some scholarships have maintenance and eligibility requirements and conditions similar to the grants, whereas others might require maintaining a minimum GPA to renew their scholarships. Both grants and scholarships are good options for people requiring financial assistance. If your child is going to pursue research-driven courses like a Ph., then grants can be beneficial, while for a master's, they can opt for scholarships. Start preparing your child for their dreams, financially and academically!  FAQs What is the main difference between grants and scholarships? Grants are awarded to individuals, entities, or organizations for specific purposes, while scholarships are typically given to students for educational expenses. What is the primary purpose of grants? Grants serve various purposes, including educational, research, or business-related goals, whereas scholarships are primarily for educational purposes. How are grants and scholarships funded? Grants can be funded by non-profit organizations, colleges, and state governments, while scholarships receive funding from various organizations and institutions. What is the eligibility criterion for grants? Grant eligibility is often based on financial need, whereas scholarships can be need-based, merit-based, or specific to certain communities. What are the performance requirements for scholarships and grants? Scholarships typically require students to meet performance standards, while grants may have performance expectations but are not solely based on performance. TALK TO AN EXPERT

Parents’ finances and budgets have a major impact on children’s lives. Most of the time, it is usually the father who is the earning member of the family. But times are changing, women are becoming financially independent and the acceptance of working parents in India is growing. Just as a double income can help with financial woes, double savings can fund your child’s education.   Importance of saving for child education Bigger fund: If both parents decide to save for their child’s education, it means greater savings and a bigger fund.   Reduces stress: It also helps divide the pressure of saving and investing; it ensures both parents are equally responsible for funding their child’s future.   Diversified savings: It helps with diversifying your returns and investments- both parents can invest in a number of instruments of their choice like Mutual Funds, ETFs, FDs, or Gold. This is a sure-shot way to ensure greater returns.  Stability: In uncertain times, there is a possibility that you may lose your job and have to place a pause on the education fund – the separate education fund handled by your partner can act as the safety net your child may need in the future.   A survey by Catalyst conducted in 2020 says that in most married-couple households, 59.8% of the parents are employed where both of them are working. This data proves that more than half of India’s population has both parents working. This is an added advantage for the child because the parents will have more money to put into different savings and investment plans.   Start Investing in US Market How to save for your child’s education?  Child education planning is extremely important; the question of how much to save depends on a child’s preferences. The education fund amount will differ based on the course they want. If parents start the investing plan early enough, the built-up corpus can be utilized exclusively for higher education.   If your child is quite young, it is better to invest in mutual funds. Since you and your spouse will be retiring in the next 15 to 18 years. It will help you to counter crashes and volatility that can come up. It has been seen that education costs are on a growth trajectory. This will continue to rise with the increase in education inflation.   The tuition fees of colleges are on the rise and hence, students are bound to borrow loans from banks. It creates financial pressure on the student and their family as well. To avoid loans, there are many plans to save or invest in your child’s education.  1. PPF  Public Provident Fund is one major investment option preferred by many parents because it is authentic. Although the interest rates have decreased in recent years, parents can go for this option because of the security it offers. The amount that is invested gets matured in 15 years so it is best to start early. If both parents are working, they can save for their child separately to get greater returns.  2. Gold ETF  Gold is yet another option that you can go for. Most of the time, the disadvantage of gold in physical form is that you might not get a proper value for the same. Also, you will have to pay extra money to keep it safe in the locker. The value of gold is always on the rise so it is a good option to go for. In this case, as well, both parents can go for the gold savings option so that you can better return.   3. Mutual Funds  Mutual funds are perfect for those parents whose child is still young. These are risky instruments but can be beneficial in the long run. Once you know how much you need to save using our College Cost Calculator, you can choose the recommended funds or opt for funds you believe in – to achieve your goal!   How to set a goal amount for higher education?  Parents often have this question in mind regarding the approximate amount that they need to save for their children’s education. The perfect way to get through this question is to account for the best opportunities that are available in your country. It involves tuition fees, living expenses, miscellaneous, and so on.   Lesser financial burdens, better returns, and a bigger fund are possible if both parents decide to save for their child’s education. It’s not necessary that both parents have to be working, you can start an SIP for Rs. 1000 and save up to lakhs in 12-13 years with the power of compounding.  FAQs Why is saving for a child's education important? Dual savings reduce financial stress, ensuring both parents share the responsibility of funding their child's education. How can both parents contribute to education savings? Both parents can diversify investments in instruments like Mutual Funds, ETFs, FDs, or Gold, resulting in a more substantial fund. How does dual saving provide stability in uncertain times? Separate education funds act as safety nets; if one parent faces job loss, the other's savings can support the child's future. What are some investment options for child education planning? Options include PPF (Public Provident Fund) for security, Gold ETF for potential returns, and Mutual Funds for long-term growth.

Selecting the best country for higher education may seem easy until you actually start researching. The idea of studying abroad can be fascinating but it comes with its own challenges. As per data from the Bureau of Immigration, 4 out of every 44,553 students in 2021 went abroad to pursue higher studies. And, with the plethora of study options opening up, students are spoilt for choice.  As a responsible parent, you would want to get the best country for your child's higher education. Now the big question is, “How to find that best country?”  Here is a list of some top parameters that you must consider in your search for the top country for your child’s higher education. Best country for child's higher education 1. Significance of a cost-benefit analysis Money is always an important parameter when it comes to higher education. And when you are sending your child abroad for higher studies, you’ll need lots of funds. You want to get the best possible advantage of every penny you spend. Furthermore, it is essential to look at the long-term return on every investment you make. Here are some questions that would help you with a cost-benefit analysis. What kind of career path does your child wish to pursue? Which countries have greater employment scope? What are the tuition fees and living costs in the foreign country where your child will study? As a parent, it is also necessary to consider what kind of loan you can apply for. Take into account visa costs, medical fees, etc., while sending your child abroad. 2. Affordability of the foreign country We all know that studying abroad can be expensive. But as a parent, you have to consider other big expenses too. Here are certain expenses you should take into account.  Accommodation  Food and utility costs  Shifting costs  Transportation charges  If your child is meritorious, then they will get scholarships that will fund the college tuition fees. However, still you have to manage other costs of their education. Hence, smart investments are the best way to plan your child’s higher education abroad. Additional read: Tata Digital India fund 3. Check university affiliations and recognition Higher education is a huge marketplace with thousands of universities but not all universities are recognized by local and government bodies. Always check the university before your child starts applying. Suppose, your child is applying to Canada then you can check the Designated Learning Institutions list provided by the Canadian government website and see if the university is listed there. The list also includes a list of colleges and courses eligible for the Post-Graduation Work Permit Program. The Department of Education in many foreign countries periodically publishes a list of accredited universities and colleges. You should ensure that your child seeks admission to accredited foreign universities only. Get unsecured ed loans at 9.85% | Apply now! 4. Try to go for a tried and tested foreign country There are various perks of sending your child to a tried and tested country for higher studies. The perks are multifold as your child will feel comfortable in the community of Indian students. It would be easier for your child to adapt to a familiar environment.  Moreover, in a tried and tested country, it becomes easy to plan and manage education well. Therefore, the employment opportunities for your kid increase once they graduate from college.  Your child will have a database of friendly folk and referrals that can help them in hard times. The immigration authorities and the admissions office of the college or university will be accustomed to your country’s cultural uniqueness. That’s why sending your child to a tried and tested country always exudes practicality. 5. Review the economic and political climate of the foreign country Nowadays, economic and political climate are the main parameters for selecting an appropriate foreign country for your child’s higher education. Even in developed nations across the world, education inflation is pretty much present.  The political climate of the country should be sound so that students can easily concentrate on their studies. For instance, during the first two months of the pandemic, the Trump administration tightened regulations for international students seeking employment in the USA. The event made it harder for Indian students to get jobs after studying for years in the country. Additional read: Tata balanced Advantage fund 6. Importance of a community Traveling to another country for education can be a bit terrifying for your child at the beginning. Culture shock can be hard on some children, they may find it hard to adjust to new situations and the independence that comes with studying abroad. There are many ways to make your child feel at home, you can opt for homestays or assign local guardians or relatives for your child’s care. Universities play a significant role in creating a holistic community for international students by organizing cultural events and sessions where students can get to know each other. For instance, top universities in the USA, UK, and Canada celebrate popular Hindu festivals like Diwali and Holi. While universities in Russia serve Indian food in their canteen to help students acclimatize to the space. Always search for countries, universities, and campuses that can help your child adjust nicely. These are some parameters that can help you find the best country for your child’s higher education in no time! Want to send your child to a foreign country but are worried about the cost? Then start saving and investing early to send your child with us! FAQs Why is a cost-benefit analysis crucial when selecting a country for higher education? To maximize the value of your investment, consider factors like career prospects, employment opportunities, tuition fees, and living costs in the chosen country. How can parents ensure affordability when sending their child abroad for education? Beyond scholarships, consider expenses like accommodation, food, utilities, and transportation. Smart investments can help manage these costs effectively. Why is checking university affiliations and recognition important? Not all universities are recognized; ensure your child applies to accredited institutions listed by the local government. This ensures the quality and recognition of their education. What are the advantages of choosing a tried and tested country for higher studies? Familiarity with the community of Indian students, ease of adaptation, practicality in planning, increased employment opportunities, and a supportive network are some benefits. Why is the sense of community crucial when sending a child abroad for education? A supportive community helps students adjust to a new environment and culture. Look for countries and universities that prioritize creating a welcoming community for international students.

As per the World Economic Forum, "Analytical and innovation will be the most demanding skill by 2025." Nearly 50% of the millennials would need to upgrade themselves.  While SEO analysts and social Media Marketing managers are slowly vanishing, Artificial Intelligence, Gene Editing, Blockchain, and Cryptocurrency are the talk of the town. These are India's most in-demand career scopes; preparing kids for the future is still challenging. Okay, imagine this ideal scenario: By receiving apt guidance from Edufund, Manoj ensures clarity over the technicalities of a data scientist.  Based on his capabilities and passion, he enrolled in an internship program. It proves a breakthrough, and he grabs an INR 40 - INR 50 lakh p.a. job offer.  Interesting, right?  This could be your child. But, how? By analyzing their skills and exploring suitable careers for your Child's future. Read the full piece below to know more. 5 most in-demand career choices for your child As per the World Economic Forum, these are the most in-demand skills - Metaverse Specialist  Digital Marketer Process Automation Specialist Blockchain Developer  Cloud Computing Specialist  In collaboration with soft skills like Problem-solving, analytical thinking, and self-management, it creates an all-encompassing spectrum for kids to master. Now, let’s talk about these careers in detail. 1. Metaverse specialist  As a result of the emergence of AR (Augmented Reality) and VR (Virtual Reality), Metaverse offers promising job opportunities such as computational photography, scene reconstruction, visual-inertial odometry, computational imaging, and sensory estimation for children.  Initial Annual Salary - ₹1 - ₹11 LPA (estimate) Skills required C++  Educational requirement Ph.D. in deep learning and computational graphics. 2. Digital marketer As per research by Goldman Sachs, the scope of digital marketing in India is expected to reach 160 billion by 2025, which is thrice its current value. Anyone from any educational background can specialize in digital marketing. It is ideal for students who wish to explore the backstory of online marketing using digital tools and software. Initial Annual Salary: ₹2 - ₹9 LPA Skills required: Creativity, uniqueness, ideation, knowledge of search engine (Google)  Educational requirement: Digital Marketing course from verified government or private university after 12th or graduation. One can also enroll in an MBA in Digital Marketing. Some of the top institutes for the same are Symbiosis, Pune, and NIIT (National Institute of Informational Technology) Additional read: How single parents can plan finances? 3. Process automation specialist Skills like automation and business intelligence are in-demand skills for process automation. Both skills lay their foundation in Artificial Intelligence. It tops the world’s business technology trends list.  The technology helps in transforming business operations and employee experience. The primary responsibilities of a process automation specialist include - reviewing, repairing, and maintaining systems for seamless business operations. Initial Annual Salary:  ₹4 - ₹24 LPA Skills required Knowledge of automation technologies - NET, VBA, Windows, SQL, ability to explain technical things to a non-technical audience. Educational requirements Pursue B. tech in Robotics and Automation, excelling in Physics, Chemistry, and Maths. 4. Blockchain developer  Blockchain developers help design the architecture of blockchain networks used in products. The products include applications and contracts. The person is responsible for maintaining front-end and back-end development, design, and maintenance issues.  Initial Annual Salary: ₹3 - ₹7 LPA Skills required:  Proficiency in C++, Javascript, Python (Anyone) Understanding of blockchain technology Hands over a few tools ( Geth, Solium, BaaS, and Parity) Knowledge of algorithms and data structures Grasp over cryptography and security principles Hyperledger Ripple  Ethereum Educational requirements  A bachelor's degree in Computer Science or Information Technology Understanding of data structures Fun Fact: The industry is growing by 2000% - 3000%, and as Gartner predicts, "the business value of Blockchain Technology will exceed $3 trillion post-2030.” Additional read: What is CAGR in mutual funds? 5. Cloud computing specialist Cloud Computing is a technique of transferring information from computers to a virtual platform - the Cloud.  Cloud Computing Specialists help companies migrate their data to Cloud systems utilizing the best of their knowledge and expertise. The person helps them select apt cloud computing platforms per industrial demands and data.  A cloud computing specialist designs inputs and collaborates with customer services and analysts. She/he helps them configure the cloud system pointing out potential glitches. She/he must be professional enough to weigh down the risks of IT solutions against company requirements.  As per recent stats by Financial Express, “India is to garner over $100 million by cloud computing in 2023. It may create 2.4 lakhs cloud computing jobs by 2023.” It is the most sought-after opportunity for the upcoming generation. Skills required System architectural skills Virtualization of technological skills Strong analytical skills Collaborative skills Annual Salary: ₹6 - ₹27 LPA Educational requirements A bachelor’s degree in Computer Engineering/ Computer Science/ Database Administration, and Software Testing. Conclusion These are some researched-based futuristic career options for your Child. Every Child requires expert guidance at crucial career moments. EduFund helps counsel a child quintessential to her/his interests and helps her/him choose the best.

The continuous and sharp rise in the cost of education, whether abroad or in India, is a clear indicator of the requirement to plan financially for your child's higher education. Most parents choose to invest and save for their children's education, but they miss out on beginning early. Hence, it gives rise to inadequate funds. Amidst the inflation bubble, taking care of your child's education cost may be exorbitant Why is starting early essential? The earlier you start investing in your children's education, you will have more time to grow your money; if you consider delaying the investment, the possibility of you not achieving the desired amount increases because of education inflation.   Parents need to start investing in their children's higher education as early as possible. If you start early, it will decrease your monthly investment amount required to accumulate the target. You can also concentrate on other financial goals like home finance, children's marriage, retirement corpus, and more. The importance of securing your child's education amidst inflation Education is one of the primary things that can secure your child's future. It can help them through uncertainty brought by the ever-changing world, including inflation.  Inflation is a factor that devalues the buying power of money. Items essential to you today that you can still afford may get expensive over the years. The quality of living that you wish to provide your child may come with a hefty price tag.  EduFund, the most trusted app by Indian parents to help them plan for their child’s education can help you plan and save for your child’s education.  Additional read: What is the cost of school education in India? How to plan a child's education during inflation? Parents may feel grappled with the idea of rising education costs in India. As a parent, you will likely meet the education expenses by stretching your budget. But, it doesn't end here.  Soon, you will realize that you must plan for your children's higher education well. The tuition fees would be too high amid the education inflation. Check out the tips that can help you invest appropriately to help cover educational expenses.  The education costs in India have been rising in the last two decades. Every institute has hiked its tuition fees. The best thing would be to check the increasing education costs of premier institutes every year. Where should you invest? Rather than investing in traditional investment tools, you may consider investing in investment vehicles that can give you returns that help you reach the required amount to send your child to a quality university. One such investment tool is mutual funds. EduFund app has several investment schemes that suit every Indian parent. Here’s why you could invest in the EduFund app Edufund is one of the best platforms for Indian parents to invest in their child’s education.  Edufund helps you calculate the future cost of college and plan accordingly. A parent can invest in mutual funds, the US market, and digital gold to save for their child’s education. The app has financial experts to help you with investing for your child Conclusion: It is important to plan for your child’s education well in advance. Considering the rise in the cost of education, it is paramount that parents start saving for their children’s education much earlier so they can support their children’s dreams. FAQs How can parents plan for education during inflation? Monitor rising tuition fees, consider alternative investment options like mutual funds, and leverage resources like the EduFund app to calculate and save for future educational expenses. Why is early planning for a child's education necessary? Early investment reduces the impact of education inflation, requiring smaller monthly contributions to achieve your financial goals. What are the benefits of starting education savings early? Early planning allows parents to focus on various financial goals, such as home finance, retirement, and more, while securing their child's education. Why choose EduFund for education savings? EduFund offers diverse investment options, including mutual funds, the US market, and digital gold. It provides expert guidance and helps calculate future college costs.

Read this blog before getting student travel insurance for your kid! Sending your child abroad for college can be nerve-wracking. There are financial needs to consider, accommodation arrangements to make, forex requirements, shifting costs, and a host of worries that accompany this huge move. Insuring ‘this big move’ can be a great decision. Opting for student travel insurance while traveling abroad helps your child with a host of benefits and financial coverage in case of any emergency. What is Student Travel Insurance?  Student insurance is a type of insurance policy specifically designed to provide financial protection to students, whether they are studying domestically or abroad. It recognizes the unique needs of students and offers coverage tailored to those needs. The primary objective of student insurance is to ensure that students can pursue their educational goals without being unduly burdened by unexpected expenses or emergencies.  Student insurance typically covers a wide range of risks and expenses that students may encounter during their academic journey. These include, but are not limited to, medical emergencies, trip cancellations or interruptions, baggage loss or delay, emergency evacuations, and even legal assistance in certain situations. Benefits of taking student travel insurance 1. Financial Relief  The greatest benefit of taking student travel insurance is the financial relief it provides in case of an emergency. Depending upon your coverage, your child will be financially covered if they have been in an accident or require medical assistance if your child falls sick while traveling. Without proper coverage, these expenses can be tough to manage and student travel insurance provides just that relief!   2. Sponsor Protection Some travel insurance even covers the cost of your tuition fees in the event of your sponsor’s untimely death. This clause helps your child continue their studies and provides financial relief in tough times.   3. Family Visits Some student travel insurance provides sponsor protection as well. If your child is sick or hospitalized in a foreign country, then insurance can help you cover the cost of their hospitalization as well as sponsor you to travel to the country to be by your child’s side. The insurance covers the cost of flying to the country so check whether your insurance provides this service.   Additional read: Why Health insurance is important while traveling abroad 4. Interruption Compensation  A host of things can delay your child's study abroad plans. They could fall sick or need hospitalization for a month. There can be an emergency at home that requires your child’s presence back home. All the interruptions can be compensated by your child’s sudden travel plans without any extra costs or expenses. If your child ends up missing a semester then you can claim the unused tuition fees if your travel insurance plan covers it and protect your child’s future.   5. Personal Liability  Some student travel insurance covers the clause of personal liability. If your child is involved in an accident where someone else gets hurt or someone’s property is damaged, then your insurance can cover this liability. Your child does not have to worry about paying from their own pockets or stressing about the expenses.   6. Baggage Loss or Delay  Baggage loss or delay can be extremely stressful for your child especially when they are in a new country. Thousands of bags are lost at airports every day and this event can induce a sense of anxiety for travelers. Without proper coverage claiming your baggage can be tough. Student travel insurance helps you reduce the stress of losing your baggage, this option lets you claim compensation. The insurance can cover the cost of purchasing necessary personal things.   7. Medical Evacuation  Medical evacuation is another benefit of opting for a travel insurance plan. It prioritizes your child’s evaluation from distressing situations to the nearest hospital without costing you a bomb! These medical evaluations can be costly and if you are insured against them then handling this expense can be easy for you and your family.  8. Hijack Cover  Hijacking is an unlikely event but still plausible. Opting for student travel insurance to cover this event can help you deal with the trauma. Check if your plan covers this event and protects your child from every adversity!   9. Loss of Passport  While traveling alone, you may lose your passport or misplacement. This can leave your child stranded at the airport without any end in sight. This situation can be avoided if you have student travel insurance that compensates you for your child’s passport and helps them navigate the situation easily.  Facts about Student Travel Insurance  Many student travel insurance cover legal situations as well. If there is an event where your child requires any bail bond then the company may be able to cover the amount and help your child out of a legal situation.   Student travel insurance can cover a number of events that can be stress-inducing for you and your child. Help your child plan their study abroad journey carefully so that there are no sudden financial costs that may leave you in debt or stress!  Let's dive deeper into some key facts about student travel insurance:  Tailored for Student Needs: Student travel insurance is specifically designed to cater to the unique needs of students. It recognizes that students often face different types of risks compared to regular travelers.  Comprehensive Coverage: These insurance policies offer comprehensive coverage, encompassing medical emergencies, trip-related issues, and personal belongings. Some policies even provide coverage for tuition fees in case a student is forced to withdraw from a program due to unforeseen circumstances.  Customizable Plans: Student travel insurance plans are often customizable, allowing students to choose the level of coverage that suits their needs and budget. This flexibility ensures that students can find a policy that aligns with their specific requirements.  Why do you need a Student Travel Insurance?  Understanding the importance of student travel insurance is crucial for anyone planning to study abroad. Here are some compelling reasons why you need a student travel insurance policy:  Medical Coverage: One of the primary reasons is medical coverage. Healthcare costs in many countries, especially the United States, can be exorbitant. Student insurance ensures that you have access to quality healthcare without the fear of massive medical bills.  Trip Interruption: Academic plans can be disrupted due to various reasons such as family emergencies, illness, or even natural disasters. Student travel insurance helps recover costs if your academic journey is unexpectedly interrupted.  Baggage Loss: Losing your luggage can be a significant inconvenience, especially when you're in a foreign country. Student insurance provides coverage for the loss or theft of personal belongings, helping you replace essential items.  Emergency Evacuation: In case of severe illness or injury, you might need to be transported for specialized medical treatment or to return home. Student insurance covers emergency evacuation expenses, ensuring your safety.  Legal Assistance: If you encounter legal issues while studying abroad, student travel insurance can provide legal support, which can be invaluable in navigating unfamiliar legal systems.  Best Student Travel Insurance Policy Plans in India In India, several insurance providers offer student travel insurance policies. Choosing the best plan depends on various factors, including your destination, duration of study, and specific requirements. Some popular insurance providers in India for student travel insurance include HDFC Ergo, ICICI Lombard, Bajaj Allianz, and Tata AIG.  It's essential to compare the features, coverage, and premiums of different plans to determine which one aligns best with your needs and budget. Keep in mind that the "best" plan for one student may not be the same for another, as individual circumstances and preferences play a significant role in the decision-making process.  Top Study Destinations Abroad The choice of a study destination is a crucial decision for any international student. Here are some of the top study destinations abroad:  United States: Known for its prestigious universities and diverse academic programs, the United States is a popular choice for international students.  United Kingdom: The UK offers a rich academic tradition and a wide range of courses, especially at the undergraduate and postgraduate levels.  Canada: Canada is renowned for its high-quality education system, safety, and welcoming environment for international students.  Australia: Australian universities are recognized globally, and the country is known for its quality of life and beautiful landscapes.  Germany: With its tuition-free or low-cost education options, Germany has become a favorite destination for international students seeking quality education in Europe.  Each of these destinations has its unique appeal and academic strengths, so it's essential to research and select a destination that aligns with your educational and personal goals.  When is Student Travel Insurance required?  Student travel insurance is often a mandatory requirement when applying for a student visa in many countries. Immigration authorities in these countries want to ensure that international students have adequate financial protection during their stay. In such cases, you must provide proof of insurance coverage as part of your visa application.  Even in cases where it is not mandatory, obtaining student travel insurance is highly recommended for several reasons:  Peace of Mind: Knowing that you have comprehensive coverage in case of emergencies or unexpected events provides peace of mind, allowing you to focus on your studies.  Financial Security: In the absence of insurance, you may be exposed to significant financial risks, including high medical bills, trip cancellations, or loss of personal belongings.  Compliance with University Requirements: Some universities or academic programs may have specific insurance requirements for students, and failing to meet these requirements can affect your enrollment.  Tips to Save on Student Travel Insurance Premiums While student travel insurance is essential, there are ways to make it more cost-effective:  Compare Quotes: Obtain quotes from multiple insurance providers and compare the coverage and premiums to find the best value for your money.  Opt for a Higher Deductible: Choosing a policy with a higher deductible can lower your premium. Just ensure that you can comfortably cover the deductible amount if needed.  Purchase Early: Buying insurance well in advance of your departure date can sometimes lead to discounts and more affordable premiums.  Student Travel Insurance Policy Inclusions and Exclusions Understanding what is included and excluded in your student travel insurance policy is critical. Here are some examples of frequent inclusions and exclusions:  Inclusions:  Medical Expenses: Coverage for medical treatment due to illness or injury, including doctor visits, hospitalization, and prescription medications.  Trip Cancellation: Reimbursement for non-refundable trip expenses if you have to cancel your plans due to the reasons covered.  Emergency Evacuation: Coverage for emergency medical evacuations to the nearest suitable medical facility.  Baggage Loss/Delay: Compensation for lost, stolen, or delayed baggage, including essential items.  Dental Care: Coverage for dental treatment resulting from an accident.  Exclusions:  Pre-Existing Conditions: Many policies exclude coverage for pre-existing medical conditions, so it's crucial to understand what qualifies as a pre-existing condition.  High-Risk Activities: Engaging in high-risk activities like extreme sports or adventure activities may not be covered by standard policies. Such activities may necessitate the purchase of supplementary insurance.  Alcohol or Drug-Related Incidents: Incidents related to alcohol or drug use may not be covered.  Non-Emergency Medical Treatments: Some policies do not cover non-emergency medical treatments or elective procedures.  War and Terrorism: Coverage for injuries or damage caused by war, terrorism, or acts of political violence is typically excluded.  Extension of Student Travel Insurance Policy If your academic program extends beyond the original policy period, it is often possible to extend your student travel insurance policy. However, the process and terms for extensions may vary depending on the insurance provider. It's essential to contact your insurer well in advance of your policy's expiration date to discuss extension options.  Extensions are crucial to ensure continuous coverage while you complete your studies, and they help avoid any coverage gaps that could leave you exposed to unexpected expenses.  Claim Process of Student Travel Insurance Understanding the claim process is vital in case you need to utilize your student travel insurance.   Contact Your Insurance Provider: As soon as you encounter an issue that may be covered by your policy, contact your insurance provider. This should ideally be done as soon as possible to ensure timely assistance.  Provide Documentation: Your insurer will typically require documentation to process your claim. This may include medical reports, receipts, police reports (in case of theft or loss), and any other relevant documents.  Complete Claim Forms: You will need to complete claim forms provided by your insurer. These forms will require information about the incident and the expenses incurred.  Submit the Claim: Submit the completed claim forms and all necessary documentation to your insurer. Make duplicates of every document for your records.  Claim Evaluation: Your insurer will evaluate the claim based on the provided documentation and the terms of your policy.  Approval and Payment: If your claim is approved, your insurer will provide the appropriate compensation or coverage as per your policy terms.  It's essential to follow the specific guidelines and requirements outlined by your insurance provider when filing a claim. Timely and accurate submission of documents can expedite the claim process.  Student Travel Insurance Policy Cancellation Process In some cases, you may need to cancel your student travel insurance policy. The cancellation process can vary depending on the insurance provider and the specific terms of your policy. Here are the general steps involved:  Review Policy Terms: Carefully review your policy documents to understand the cancellation policy, including any fees or penalties for cancellation.  Contact Your Insurer: Reach out to your insurance provider's customer service or claims department to initiate the cancellation process.  Request a Cancellation Form: Your insurer may provide you with a cancellation form or specific instructions on how to cancel your policy.  Complete the Form: If required, complete the cancellation form, providing all necessary details.  Submit the Form: Send the completed cancellation form to your insurer, following their specified submission method.  Cancellation Confirmation: Your insurer will confirm the cancellation of your policy and any applicable refunds or charges.  It's crucial to be aware of the timeline for cancellations and any associated costs. Some policies may offer a full refund if canceled within a certain period, while others may have cancellation fees.  Things to Keep in Mind Before Buying Student Travel Insurance Before purchasing student travel insurance, consider the following important factors:  Assess Your Needs: Evaluate your specific needs, including the duration of your studies, destination, and any existing health conditions.  Read the Policy Documents: Thoroughly review the policy documents, including the terms, coverage, exclusions, and any additional benefits.  Compare Providers: Obtain quotes from multiple insurance providers and compare the features, coverage, and premiums to make an informed decision.  Understand Claims Process: Familiarize yourself with the claims process, including what documentation may be required and how to contact your insurer in case of an emergency.  Budget Appropriately: Consider your budget when selecting a policy but prioritize comprehensive coverage for essential aspects such as medical emergencies and trip interruptions.  FAQs What does student travel insurance typically cover? Ans. Student travel insurance typically covers a range of risks and expenses that students may encounter during their academic journey abroad. Common coverage includes medical emergencies, trip cancellations or interruptions, baggage loss or delay, emergency evacuations, and legal assistance in certain situations. The specific coverage can vary depending on the insurance provider and the policy chosen. Is student travel insurance mandatory for all international students? Ans. While student travel insurance is often a mandatory requirement when applying for a student visa in many countries, it may not be mandatory in all cases. However, it is highly recommended for all international students, as it provides financial security and peace of mind during their studies abroad. Even when not required by immigration authorities, some universities or academic programs may have specific insurance requirements for students. Can I extend my student travel insurance policy if my academic program is extended? Ans. Yes, in most cases, you can extend your student travel insurance policy if your academic program is extended beyond the original policy period. It's essential to contact your insurance provider well in advance of your policy's expiration date to discuss extension options. Extending your policy is crucial to ensure continuous coverage while you complete your studies and avoid any coverage gaps that could leave you exposed to unexpected expenses.

As the name suggests, the fund invests in the international market except in the country the investor is residing. International funds invest in foreign companies not listed in the investor’s country. Like we have different funds based on market cap, i.e. large-cap, mid-cap, and small-cap funds. Similarly, international funds invest in different sizes of companies. Types of International Funds International funds are available for Indian investors to invest in. And these funds could have a different approach to investing in the international market. Let’s see the categories: 1. Regional fund These funds invest in the stock market of a specific country or region. Some funds may offer investment in the US market only, and others may offer investment in Asian markets only. The main objective is to gain the maximum benefit from investments in the developing stock market of a specific county or region. 2. Thematic funds These funds invest in a specific theme around the global stock market like artificial intelligence, infrastructure, semi-conductor, etc. The companies in these funds are foreign companies. 3. Global sector funds These funds invest in the focused sector foreign companies to benefit from its development. 4. Global funds Though the international and global funds sound similar, they are not. International funds invest in the world stock market except for the country the investor is residing. On the other hand, global funds invest around the world stock market, including the country the investor resides. Invest in US Market Advantages of International funds 1. Geographical Diversification By investing in these funds, your portfolio can benefit from geographical diversification. There are chances that some countries may outperform other countries. If such a scenario happens, your portfolio will benefit from it. 2. Currency benefit International funds give you the benefit of currency depreciation. Over the period currency, INR has depreciated against the USD. For instance, in 2008, USD to INR was at Rs.40 against $1, but in 2022, USD to INR is at Rs.80 against $1. If you had invested $1 in 2008, you could have only gained 100% on currency depreciation. That’s how currency depreciation helps your portfolio to grow. 3. Global Opportunity The opportunity worldwide is immense, and some world-leading companies have products and services in almost every country. Companies like Apple, Google (Alphabet), Facebook (Meta), etc. International funds provide the opportunity to invest in these companies. Invest in Mutual Funds Factors to consider before investing in international funds There are some essential points that you need to consider before investing: 1. Global exposure  If you want your portfolio to get global exposure, you can consider investing in these funds.  2. Risk International funds are exposed to high-risk factors like currency risk, policy risk, trade risk, etc. All these factors could increase the volatility of the portfolio.  3. Expense ratio International funds could have a higher expense ratio which funds can charge for maintaining the fund. 4. Economy risk Each country’s economy works differently, and all the macroeconomic factors could impact your portfolio returns in both ways, positively and negatively. Who should invest? Investors with a high-risk appetite looking for an opportunity with extra returns and who want to hedge their portfolio against the currency risk should consider investing in these funds. Example of International Fund Name: iShares Core S&P 500 ETF Launch Date: May 15, 2000 Ticker: IVV Index Tracked: S&P 500 Index Performance:  IVVETF Database Category Average1 Month Return11.09%11.05%3 Month Return5.21%5.37%YTD Return-9.26%-14.58%1 Year Return-1.20%-9.01%3 Year Return55.85%34.96%5 Year Return92.84%44.48%Source: etfbd.com Top 5 sectors SectorWeightageTechnology17.70%Electronic Technology15.42%Finance13.21%Health Technology10.44%Retail Trade7.54% Top 10 holdings Holdings% AssetsApple Inc.7.32Microsoft Corporation6.04Amazon.com Inc.3.48Tesla2.09Alphabet Inc Class A2.03Alphabet Inc Class X1.87Berkshire Hathaway Inc. Class B1.51UnitedHealth Group Incorporated1.41NVIDIA Corporation1.30Johnson & Johnson1.20 How can one invest in these funds? The process has become effortless with the EduFund app. Download the app for Android and iOS. And do the KYC process. Add funds and select the fund in which you want to invest.  And place the order. If not sure where to invest, connect with the EduFund team FAQs What are international funds? International funds invest in foreign companies outside the investor's home country, providing exposure to global markets. What types of international funds are available for Indian investors? Indian investors can choose from regional funds, thematic funds, global sector funds, and global funds, each with a unique investment focus. What are the advantages of investing in international funds? Advantages include geographical diversification, currency benefits from depreciation, and the opportunity to invest in world-leading global companies. What factors should investors consider before investing in international funds? Consider factors such as global exposure, risk (including currency and policy risk), expense ratios, and the impact of different economies on portfolio returns. Who should consider investing in international funds? Investors with a high-risk appetite seeking extra returns and looking to hedge against currency risk can benefit from investing in international funds. DisclaimerThis is not recommendation advice, use it for educational purposes only

Are you planning to co-signee on your child's education loan? Then here are some questions cosigners should ask before taking an education loan! Education loans are important and useful. Especially when the inability to meet the demand for a higher fee structure is quite common. In India, the RBI has reported a spurt in the demand for big-ticket education loans. The role of a cosigner at such times is very important as they automatically become equally liable for the loan repayment as the borrower if things do not go as planned. Generally, organizations do not sanction an education loan without a creditworthy cosigner. He/ she can be a family friend, relative, spouse, guardian or parent, etc. and his/ her responsibility is immense. Thus, it is important to know about the different questions cosigners should ask before taking an education loan. 7 questions cosigners should ask before taking an education loan 1. Why does the loan applicant need a cosigner? Generally, young adults who apply for education loans have just started and have no earnings. Other times, they might have bad credit reports because of missed or late payments. Lenders need assurance from a reputed cosigner before sanctioning an education loan to such people.  One of the questions cosigners should ask before taking an education loan is about the credit history of the borrower. In case his/ her credit report is good but/ he is being asked for a cosigner just because of underage then it is okay to sign alongside. But, a bad credit history should make the cosigner beware of the pitfalls of cosigning. This also helps the cosigners find out whether the loan applicant is trustworthy, as well as, responsible by nature.  2. What is the loan amount? The co-signer must be fully aware of the total amount of the education loan. The co-signer, in no doubt, is signing alongside the borrower in good faith. However, down the line, should anything untoward happen, the co-signer may have to be responsible for the loan repayment. 3. What are the terms of the loan? One of the relevant questions cosigners should ask before taking an education loan is about the terms of the loan. It includes payment term length, repayment options, when is the loan repayment going to start and what happens if the repayment premium is not on time. The standard education loan is for ten years with a fixed monthly premium. The cosigner must remember that the loan terms, extended repayment options, and interest rates are different for private and federal students. Cosigners must ask questions as if they are borrowing money for themselves because only then they can know about the exact loan terms. Additional read: What is the cost of school education in India? 4. Will the loan applicant be able to meet the terms of loan repayment? The cosigner should be fully aware of the loan applicant’s financial position and the loan amount. He/ she should ask him/herself whether the borrower has the necessary assets or financial means to fulfill the loan terms. The cosigner should also know whether the loan applicant has any other loan in his/her name and whether he/she can continue to make payments for all of them.  5. In case of default, will the cosigner be able to pay the loan amount? According to statistics, at least 38% of cosigners are called upon to pay up the loan amount because the loan applicant is unable to do so. The co-signer must be prepared for any eventuality and ask him/herself whether he/she is ready to do so under unforeseen conditions. 6. What are the risks involved for the co-signer? The cosigner should know about all the risks involved if he/she signs the education loan. If the borrower is late then the credit score of the cosigner also drops alongside him/her. If the cosigner wants to get a loan or a mortgage then the cosigned loan will have an impact on his/her credit history. 7. Is there an option where the cosigner can be released from the responsibility? Sometimes, lenders offer release terms to the borrower under specific terms. The co-signer must be fully aware of them to minimize the risk factors involved in signing the education loan. FAQs What are the risks involved for the co-signer? The cosigner should know about all the risks involved if he/she signs the education loan. If the borrower is late then the credit score of the cosigner also drops alongside him/her. If the cosigner wants to get a loan or a mortgage then the cosigned loan will have an impact on his/her credit history. Why does the loan applicant need a cosigner? A cosigner offers a guarantee to the lender that the loan will be repaid. The presence of a cosigner/co-applicant helps your application especially as a student going for an education loan because they In case of default, will the cosigner be able to pay the loan amount? According to statistics, at least 38% of cosigners are called upon to pay up the loan amount because the loan applicant is unable to do so. The co-signer must be prepared for any eventuality and ask him/herself whether he/she is ready to do so under unforeseen conditions. Conclusion There are numerous questions cosigners should ask before taking an education loan because they will also have a responsibility towards fulfilling the conditions of the loan in case of any default. There is an inherent risk involved in being a co-signer. Hence, it is doubly important for him/her to ask the relevant questions. Undertaking a serious discussion with all the involved stakeholders will help to clear all the doubts and understand whether it is feasible to sign as a cosigner or not. 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A college education is integral for every child. Not only does it provide your child with a degree and a career, but it also helps them grow as individuals. Yet there are many obstacles to good quality education. Let’s look at 5 reasons why your child’s college education is at stake!  1. Education Inflation  Education has to be the top-most factor when it comes to a child’s college education. Usually, the first thing which comes to our mind when we talk about inflation is the rise in the prices of fruits, fuel, rations, and so on. But education inflation is one domain that tops the chart. Especially after the pandemic, it has been really difficult to keep up with the ever-growing education inflation. Every year, universities hike up their fees in response to the growing prices in different sectors.    According to data generated by the Government of India, it is seen that between the years 2012 and 2020, the inflation in education rose by 10% whereas the food inflation was 9.62%. This data proves that the inflation in education has far surpassed the inflation in other necessities of life. The factors like tuition fees, higher cost of living, improved infrastructure, security, and so on. There are certain hidden costs such as flights, food prices, daily transportation, and accommodation also add up to the overall amount. 2. Lack of Savings  Lack of Savings is one reason why your child’s college education can be at stake. Many Indian parents struggle to save up for college fees and expenses. The way to avoid this hassle is by starting an education fund for their child’s education as early as possible. This helps in improving the potential to counter inflation in education. Your child might want to move abroad for their higher education. In such a case, you would need even more funds. Savings can be done either by going for a savings plan or by investing your money in a potential plan. Parents whose kids are still very young are advised to go for mutual funds. The time horizon can help manage the volatility and crashes that may come up. Also, it can help you gain a good return which will add up to the corpus for your child’s education. source: pixels 3. Lack of Research  A lack of research can lead to poor decisions and consequences. Certain universities are blacklisted and are not accredited by any board or council. The degree that a student gets from this college holds no value. It can prove to be a hurdle in your child’s education and a huge financial burden. Thus, proper research can help you avoid these mistakes and stay from university scams.   Furthermore, you need to ask your child about the course he or she is interested in and pursuing and conduct thorough research on the same. You must look for job opportunities that are offered after the end of that particular course. Avoid going for courses that do not have a properly retained market. 4. Lack of Opportunities  Recognized universities provide you with the opportunity to land a job. It should provide the return on the investment that has been put in. Furthermore, the course that your child selects should have demand in the market. The positions which are in high demand in the market tend to pay you better. If the university is renowned, many companies will conduct their drive for campus placements. Students even opt for off-campus placements if they want to get a specific type of job. 5. Lack of Guidance  Before your child applies to any university, it is important that he or she reads and understands the eligibility requirements of the particular institution. Make sure that your child has the necessary academic performance, extracurricular and entrance requirements to meet admission criteria. Most universities ask for 60% or above as an aggregate to get admission to undergraduate courses. In addition, they also require entrance exam results.    You need to have all the documents prepared beforehand. If your child does not fall in the eligibility category or is unable to produce the required documents, then his or her application might get rejected. Hence, it holds vital importance to take care of these minute details which may cause to be an obstacle.  Plan your child’s education with care to avoid some of the biggest obstacles!   TALK TO AN EXPERT