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India's Priciest Schools: Top Picks

India's Priciest Schools: Top Picks

If you are an Indian parent looking forward to providing your kids with the best education possible and curious about the most expensive schools in India for a child's education, then keep reading!  Which are the most expensive schools in India? Let's find out the most expensive schools in India for children's education and where they are located. 1. The Doon School, Dehradun The Doon School in Dehradun is one of the most expensive and best institutions in India. Publications like The New York Times, BBC, and Times of India have framed it as one of the best schools in India. This school provides education of the greatest calibre. The school’s alumni list is enough to encourage you to send your child to this school!  Amitav Ghosh, Abhinav Bindra, Ali Fazal, Anish Kapoor, Karan Thapar, and Chandrachur Singh are some of the notable alumni of this school.  Annual fees: Cost around INR 10 lakhs - INR 11 lakhs Semester expenses: Around INR 25,000 Address: Mall Road, Dehradun 248001.Email: info@doonschool.comPhone: +91-135-2526400Website: www.doonschool.com Expensive Schools in Dehradun Read More 2. The Scindia School, Gwalior The Scindia School in Gwalior is a CBSE-affiliated school in India and is considered one of the most expensive schools in India for your child's education. It is also called the Sardar School. The school has one of the best features in the entire city because it is perched atop the Gwalior fort. The examinations are administered between January and February every year. Salman Khan, Mukesh Ambani, Anurag Kashyap, Arbaaz Khan, Nitin Mukesh, and Ameen Sayani are some of the notable alumni of this school.  Annual fees: Cost around INR 12 lakhs - INR 13 lakhs Address: The Fort, Gwalior, Madhya Pradesh 474008.Email: office@scindia.eduPhone: +91 751 248 0750Website: www.scindia.edu Schools in Gwalior for Child Education Read More 3. The Mayo College, Ajmer The Mayo College in Ajmer is an all-boys college in Rajasthan, popular among Indians and NRIs. It was established to provide modern education to Indian nobility. It is one of the oldest schools and is known for its reverence for Indian culture. The curriculum at Mayo College incorporates technological and technical proficiency, fine arts, theatre, music, sports, and academic excellence. Indra Sinha, Vivek Oberoi, The Sultan of Oman, and Tinnu Anand are some of the alumni of the school. Annual fees: Cost around INR 6.5 lakhs - INR 7 lakhs for Indians and 13 lakhs for NRIs. Address: Mayo College, Srinagar Road, Ajmer, Rajasthan 305001Email: principal@mayocollege.comPhone: 0145 – 2661154, 2664393Website: www.mayocollege.com Expensive Schools in Ajmer Read More 4. Welham Boys School, Dehradun Welham Boys School is one of the most expensive and prestigious colleges in Dehradun, Uttarakhand, India. It is the educational center of the nation situated on 30 acres of land and is affiliated with the CBSE board. Rajiv Gandhi, Sanjay Gandhi, Navin Patnayak, Zayed Khan, Mansoor Ali Khan Pataudi, and Captain Amrinder Singh are some of the notable alumni of the school.  Annual fees: Cost around INR 5.7 lakhs - INR 6 lakhs.  Address: Welham Boys’ School,5, Circular Road, Dehra Dun – 248001,Uttarakhand, India.Email: admissions@welhamboys.org and viceprincipal@welhamboys.orgPhone: 0135 – 2657944, 2657120Website: www.welhamboys.org Create Goals For Child Education in Premium Schools 5. Woodstock School, Mussoorie Woodstock School in Mussoorie is a reputed co-ed residential educational School that is one of the best and most expensive schools in India. It is the first institution in India to get a formal reputation as an international board World School with a middle-year program. There is diploma program authorization as well. Stephen Alter, Tom Alter, James Taylor, Philips Devol, and Jeet Singh are some of the notable alumni of this school.  The tuition fees of this school range from 16 lakhs for classes 6 to 8 and 17.7 lakhs for classes 10 and 12. Address: Woodstock School, Mussoorie, Uttarakhand,248179, India.Email: admissions@woodstock.ac.inPhone: +91 (135) 263-9000Website: www.woodstockschool.in Expensive Schools in Mussoorie Read More 6. Birla International School, Pilani Birla International School in Pilani is also known as the Vidya Niketan School. There are three sections of this school: the middle section, the senior section, and the junior section. Established in 1944, this is one of the most expensive schools in India for your child's education.  Vinod Rai, General VK Singh, and Vivek Chand Sehgal are some of the notable alumni of this school.  Annual tuition fees: Cost from INR 2.9 lakhs for classes 3 to 10 and 3.10 lakhs for classes 10 and 12.  Address:Vidya Niketan Birla PublicSchool, Pilani-333031Rajasthan-IndiaEmail: principal@bpspilani.edu.inPhone: (01596) 242132Website: www.bpspilani.edu.in Expensive Schools in Ahmedabad Read More 7. Good Shepherd International School, Ooty Good Shepherd International School in Ooty is a full-time residential School established in 1977 in Nilgiris, Tamil Nadu, India. It is a reputed school for its educational practices and has a top rank in the education world in India school ranking.  Malvika Vashishtha, Krishna Kishore, Mako Ravindran, and Sumesg Lekhi are notable alumni of this school. The tuition fees of this school range from INR 6.10 lakhs to INR 15 lakhs. If you are looking for one of the best schools in India for your child's admission, this can be a great option if you live in Tamil Nadu.  Address: Good Shepherd Knowledge Village, M.Palada Post, Ootacamund – 643 004 Tamil Nadu, India.Email: info@gsis.ac.inPhone: +91 423 2550 371 / 071Website: www.gsis.ac.in Schools in Ooty for Child Education Read More 8. Ecole Mondiale World School, Mumbai Ecole Mondiale World School, Mumbai is a prestigious school located in Mumbai. It is considered one of the most expensive schools in India and Mumbai. The school offers an IB curriculum board, an excellent teacher and student ratio of 6:1, and has had over 2800 university offers for its students.  It was established in 2004 and is among the top 5 IB World Schools in India.  Annual tuition fees: The annual fees for Ecole Mondiale World School is INR 6 to 7 lakhs per annum for KG to 1st-grade students. For 1 to 10th grade, it is INR 9 to 10 lakhs while the 11th and 12th grades is INR 10 to 11 lakhs.   The one-time admission fee is INR 3,00,000.  Address: Gulmohar, Cross Rd Number 9, JVPD Scheme  Juhu, Mumbai, Maharashtra 400049 Phone: 022 2623 7265 Website: https://www.ecolemondiale.org Expensive Schools in Mumbai Read More 9. Stonehill International School, Bangalore  Stonehill International School is an international IB school located in Bangalore and was founded in 2008. The school is truly global and has faculty members hailing from 35 countries. It is internationally accredited and recognized. It is considered one of the most expensive schools in India because of its infrastructure, state-of-the-art building, and adoption of the IB curriculum.   Annual tuition fees: The annual fees are INR 4 lakhs to INR 12 lakhs per annum.   Address: 259 / 333 / 334 / 335 Tarahunise Post, Jala Hobli, Bangalore North 562 157, India Phone: +91 8043418300 Website: https://www.stonehill.in Expensive Schools in Bangalore Read More 10. Bishop Cotton School, Shimla  Bishop Cotton School is located in Shimla. It is one of the oldest boys' boarding schools in India and Asia. The school conducts entrance exams across India as an admission criterion and is listed among the top expensive schools because of its facilities and academic excellence.   Annual Tuition Fees: The annual fee for 1st and 3rd-grade students is INR 6.2 lakhs and for students in 3rd to 12th grade, the annual fee is INR 6.5 lakhs.   Address: Shimla Bypass, Near Khalini, Shimla, Himachal Pradesh 171002, India Phone: (0177) 2620880 Email: secy@bishopcotton.com Website: https://bishopcottonshimla.com/  Choose the right board for child schooling Read More 11. Welham Girls’ School, Dehradun The Welham Girls School was established by Ms. H.S. Oliphant in 1957 in Dehradun. The school has classes from 6 to 12 and is affiliated to the CISCE board. It is a day cum residential institution. Some notable alumni include politician Priyanka Gandhi Vadra, Meira Kumar first lady speaker of the Lok Sabha, actress Kareena Kapoor Khan, etc.  Annual Fees: Rs. 8,50,000 Address: Welham Girls’ School, No 19, Municipal Road, Dalanwala, Dehradun-248001Email: mainschool@welhamgirls.com, wgs_admissions@welhamgirls.comPhone: 0135-2654754, 6670100Website: welhamgirls.com 12. The Lawrence School, Sanawar The Lawrence School is a co-ed boarding school located in Sanawar, (Solan) Himachal Pradesh. The school was established in 1847 and is affiliated to the CBSE board. Ashwajeet Singh, Ajai Thandi, Co-founders of Sleepy Owl Coffee, Captain Abhilasha Barak, the first woman officer to join the Army Aviation Corps as a Combat Aviator, Vipin Sondhi, MD & CEO of Ashok Leyland etc. are some of the notable alumni of this school.  Annual Fees: Rs. 13,00,000 Address: Sanawar, Dist Solan, Himachal Pradesh - 173202Email: office@sanawar.edu.inPhone: +91 1792 261208, 261209Website: sanawar.edu.in 13. Shri Ram School, Delhi & Gurugram Founded in 1988 by Mrs. Manju Bharat Ram, The Shri Ram School has 4 campuses, one in Vasant Vihar, and the other three in Gurgaon at Moulsari, Aravali, and Bhondsi respectively. It is affiliated with the CISCE and IB boards. Alumni include some popular names like actor Sonam Kapoor, Rhea Kapoor, actor-director Karan Johar, Anjali Tendulkar, etc Annual Fees: Rs. 4,00,000 Address: D-3 Street, Vasant Vihar, New Delhi - 110057Email: junior.school@tsrs.orgPhone: 26140884, 26149572Website: tsrs.org Address: V-37, Moulsari Avenue, Phase 3, DLF City, Gurugram Email: senior.school@tsrs.orgPhone: 0124-4784400Website: tsrs.orgHamilton Court ComplexPhase 4, DLF City,Gurugram - 122002Email: senior.aravali@tsrs.org, junior.aravali@tsrs.orgPhone: 0124-4784300 14. Mahindra International School, Pune Established in 1998, this school was originally named Mercedes Benz International School. It is located in Hinjewadi, Pune, and is a co-ed institution affiliated with the IB board. It is a popular school and boasts of a low student-teacher ratio. It is a day cum residential school.  Annual Fees: Rs. 17,00,000 Address: P-26 MIDC Phase 1, Rajeev Gandhi Infotech Park, Hinjawadi, Pune - 411057Email: admissions@misp.orgPhone: +91-2042954444Website: misp.org 15. The Cathedral & John Connon School, Mumbai One of the oldest institutions, this school was established in 1860 by the Anglo-Scottish Education Society in Mumbai. It is a co-ed day school offering national (ICSE, ISC) as well as international (IGCSE, IBDP) curriculum. Actors Kiara Advani, Madira Bedi, Rahul Bose, and Homi J. Bhabha are some of the distinguished alumni of this school.  Annual Fees: Rs. 8,70,000 Address: The Cathedral and John Connon School, 6, Purshottamdas Thakurdas Marg, Fort, Mumbai-400001Email: Not providedPhone: 022-2201282/022-40778140Website: cathedral-school.com https://www.youtube.com/shorts/l8Hyb77tkM8 FAQs Which is the most expensive school in India? Schools like Ecole Mondiale World School, Mumbai, Doon School, and Stonehill International School in Shimla are considered some of the most expensive schools in the country. What is the most luxurious school? Here is a list of the most expensive and luxurious schools in India: The Doon School, Dehradun The Scindia School, Gwalior The Mayo College, Ajmer Welham Boys School, Dehradun Woodstock School, Mussoorie Birla International School, Pilani Good Shepherd International School, Ooty Ecole Mondiale World School, Mumbai Stonehill International School, Bangalore Bishop Cotton School, Shimla What are the fees of an expensive school in India? Expensive schools in India cost anywhere between INR 6 to 10 lakhs per annum. This is only the annual tuition fee and does not include the cost of travel, boarding, uniform, and other school expenses. Most expensive schools in India for your child's education charge annual fees from INR 7 lakhs to INR 15 lakhs. These schools are extremely competitive and in demand with Indians as well as NRIs. They hold separate admission tests, and interview rounds as well as have a donation and referral system to select the best and most meritorious students. If you want to give your child the best opportunities then connect with us to plan your child’s education with ease! 
The Ultimate Guide to Best Child Investment Plans to Invest in India

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

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

All About Groww Nifty Small Cap 250 Index Fund

In this dynamic and ever-changing environment of mutual fund investments, it can become difficult to evaluate the right fund for you. This week, Groww is launching its Nifty Small Cap 250 Index Fund. Here is a short note as to why it should be on your watchlist: With a ten-year compound annual growth rate (CAGR) of 18.90%, the Nifty Small Cap Index has outperformed the Nifty 50, demonstrating the potential of small-cap stocks to deliver significant returns. The fund offers diversification across industries that are not usually included in the Nifty 50, such as media & publishing, textiles, media, and forest materials. The current valuations of the Nifty Small Cap 250 Index present an attractive proposition, trading at a price-to-earnings (P/E) ratio 19% below its ten-year averages. Furthermore, in comparison to actively managed funds in its category, which has a P/E of 42.62. the small-cap index trades at a P/E OF 25.63 as of January 31, 2024. Groww utilizes its proprietary high-frequency rebalancing technology called 'SPEAR', to closely align the fund with its index, enhancing the potential for returns to closely mirror the benchmark. Additionally, given its characteristics, investing in this fund can serve as a strategic step towards financing long-term education goals, as the potential for higher growth could support savings and investment objectives. In conclusion, this fund is directed towards those investors with a high-risk appetite seeking diversified exposure to small caps in the Indian equity sector.
Guide to Spending Wisely: College Student Edition

Guide to Spending Wisely: College Student Edition

When you study abroad, financial responsibility is an important life skill to learn. The first step to becoming a responsible adult is learning how to manage your finances. If you have read our guide to budgeting, you probably have an understanding of the basics of financial planning and budget making. However, unless you learn how to manage your spending habits, you may find your financial planning and budgeting to be futile. Learning how to spend wisely enables you to remain true to your budget and helps you develop financial responsibility.  Here is our guide to spending wisely so that your finances can back up your education plans and dreams.  Guide to spending wisely 1. Recognise & cut unnecessary expenses It is common for young college students to simply not be aware of where their money is going. This is not something to be embarrassed by, you are still young and inexperienced, but it is definitely something to take notice of and correct. You should know what you are spending your money on and if those expenses are justified. A financial plan and personal balance sheet may be very helpful resources in tracking these expenses. Once you do have a list of your expenses, pick out the ones that you know are unjustified. Be firm and disciplined in this, do not cut yourself any slack. If required, you can ask a parent, a trusted relative, or an older sibling to help you pick out your unnecessary expenses. Once these expenses have been sorted out, it is your responsibility to cut down on them. Unnecessary expenses commonly include things like eating out at restaurants too frequently, too many subscriptions to streaming services, and unnecessary shopping and gaming. This is not to say that you should not spend on these things at all. You should certainly indulge in some discretionary spending, but it is important to be able to keep it as minimal as possible. 2. Make shopping lists Planning your purchases in advance is a great way of managing your discretionary spending and avoiding impulsive purchases. You should certainly plan all big purchases, like electronic devices for vehicles, but even for relatively small purchases, it helps to have a shopping list. Make shopping lists when you go to buy groceries or when you go to the mall for clothes shopping. Stores are often constructed in a way that they captivate customers and entice them into making impulse purchases. By having a shopping list or at the very least a shopping budget or allowance, you force yourself to stay focused and consider your items thoroughly before you purchase them. Shopping lists also help you pick exactly what you need and leave the store quickly. This reduces the chances of making an impulse buy. 3. Use student discounts & campus facilities Going to study abroad has benefits, and amazing campus infrastructure, and amenities are just one of them. Foreign universities have sprawling campuses with facilities like recreational centers, gyms, swimming facilities, game centers, etc. As a student there, especially if you live in the dorms, you will have full access to these facilities. It is a good idea to make full use of these. You are already paying tuition and other fees to attend college, it only makes sense to get your money’s worth. In addition to using these campus facilities, you should also make use of student discounts wherever you can. A lot of restaurants and cafes around college campuses offer student discounts as do places like hair salons and beauty parlors. You can access public transport for free or at a much more discounted rate if you get a student pass. Similarly, many airlines offer student discounts for college students traveling to see their families. This can be of special help for you when you study abroad. 4. Pay your bills on time You may be forgiven for not knowing this as a young adult, but every time you don’t pay a bill on time, it accrues late fees. Not paying your rent, utility bills, or library dues on time can cause you to accumulate late fees and surcharges that can easily overturn your entire budget. It is important to avoid these late fees at all costs. Set reminders for yourself for all upcoming billing dates and pay your bills before that date. Most bills are due by the first week of any given month. On the last week of each month, make a list of all your bills and set aside money for them even before you have received any. As soon as you receive your allowance from your parents or scholarship, or as soon as you get paid from your part-time job, pay your bills.  Late fees are not only a needless financial drain, but they can also seriously affect your credit scores and make it difficult for you to rent a house or get any credit or education loans in the future. Paying your bills on time is not only important to stay out of debt, it is also a good monetary habit crucial for any adult.  5. Avoid retail therapy Retail therapy is probably the easiest way of picking up your spirits when you are down. It is also one of the easiest ways to develop a shopping addiction and fall into debt. This is especially true if you use credit for shopping online or in stores.  Shopping when you are in a bad mood is a bad idea. Buying new things gives us a short rush of endorphins. This means you are more likely to make impulse purchases or buy things you don’t need. Shopping when you are intoxicated or late at night when you are sleep deprived or stressed is an equally bad idea because your judgment will most likely be impaired. This encourages you to make bad purchase decisions that can overstretch your budget and cause big regrets down the line. A much better way to deal with your emotions when you are feeling low is to go for counseling. Your college probably already has facilities for counseling students and you should make good use of those facilities. When you study abroad, away from your parents, families, and support systems, it is easy to fall into despair or depression. Appropriate counseling and guidance can help you deal with those feelings in a healthy way. Conclusion Learning how to spend wisely and inculcating good monetary habits are crucial life skills for any young adult. Not all lessons you learn in college will be learned inside a classroom. Some lessons you will have to teach yourself through self-experience. Financial accountability and responsible spending habits are one such lesson. While it may all seem too complicated and too much right now, it is all part of growing up and becoming a sensible and responsible adult! FAQs How can a college student spend money wisely? As a college student, you need to make do with what you have most of the time. The money you get from your parents and any earnings from part-time jobs can help you live a social life. Look at a few pointers to keep in mind while spending money:   Recognize & cut unnecessary expenses   Make shopping lists   Use student discounts & campus facilities   Pay your bills on time   Avoid retail therapy   What are the spending habits of college students? College students spend most of their money on clothing and entertainment, apart from academic and additional college expenses. Students also spend a lot on food when they live away from home.   How do you budget as a student? It is common for young college students to simply not be aware of where their money is going. This is not something to be embarrassed about, you are still young and inexperienced, but it is definitely something to take note of and correct. You should know what you are spending your money on and if those expenses are justified. A financial plan and personal balance sheet may be very helpful resources in tracking these expenses.   Once you do have a list of your expenses, pick out the ones that you know are unjustified. Be firm and disciplined in this, do not cut yourself any slack. If required, you can ask a parent, a trusted relative, or an older sibling to help you pick out your unnecessary expenses. Once these expenses have been sorted out, it is your responsibility to cut down on them.   How should students save money? Going to study abroad has benefits. Amazing campus infrastructure and amenities are just one of them. Foreign universities have sprawling campuses with facilities like recreational centers, gyms, swimming facilities, game centers, etc.   As a student there, especially if you live in the dorms, you will have full access to these facilities. It is a good idea to make full use of these. You are already paying tuition and other fees to attend college. It only makes sense to get your money’s worth.   In addition to using these campus facilities, you should also make use of student discounts wherever you can. A lot of restaurants and cafes around college campuses offer student discounts, as do places like hair salons and beauty parlors.  Consult an expert advisor to get the right plan TALK TO AN EXPERT
How to save for child's gadgets?

How to save for child's gadgets?

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

What is the cookie jar method of investing?

Earlier we talked about what are the top 10 best investment options in India. In this article, let's look into what is cookie jar method of investing is. There are many rules of investing that help investors make good money. The cookie jar investing method allows you to pour your savings and investments into different areas (called jars) for specific purposes. The technique aims at allocating money purpose-wise for disciplined and continuous investment.   The multiple buckets of investments are earmarked for different purposes. You can consider it to be just like a child saving pennies in jars to buy their favourite toys.  What is the logic behind the cookie jar method of investing?  The Mental Accounting method’s logic is applicable here this enables you to mentally allocate and distribute your savings into different buckets and invest accordingly. This way your expenses can also be managed efficiently as you do not spend for one goal out of the savings you collected for another goal. When you have varied goals in life, you need to prepare for those goals in different ways with special efforts towards achieving those goals. Once these steps are taken, everything gets very simplified.  Once the goals are specified, the next step is to find which investing instruments will be favorable and for which purpose.   This needs careful consideration because the kind of instruments you invest in will determine how much returns will be generated in the future. This separation of funds for investing towards specific purposes is termed bucketing.   Once your investments are aligned with your goals, you will be able to get good returns.  Example to understand the cookie jar method of investing Consider that you have these three goals  First, to buy a costly smartphone this year Second, to buy a car worth 4 lakhs in the next five years  Third, to pay for your child’s education after 15 years Since it is a concise term for your first goal, you can save some cash from your salary and buy the smartphone soon. To buy a car, you need to put the required monthly investment amount into a semi-liquid type of fund, like debt funds or even ETFs with stable returns. This will help you save enough money to buy your car after five years.   Finally, the last goal, funding your child’s education after 15 years, is a mammoth task because it actually is a more costly affair than you first imagine it to be. So you must plan this investment with utmost care and invest early and in instruments that serve this purpose well. How to use the cookie jar method for investing? Similar to how budgeting works, for saving too, you should ideally create jars for separate objectives. For example - Emergency Fund, Wedding Fund, Children's Education Fund, Retirement Fund, etc. 1. Emergency fund It is meant for any unforeseen situation that may arise. The Thumb rule says it is good to have three months of expenses as an emergency fund for your rainy days. This money should be in liquid or fixed deposits and safe from volatility. 2. Retirement fund Plan for your retirement when you start earning. You will thank us later. If you start at 25 and assume you have 35 years ahead of you to work before retiring, a small monthly contribution can help you save big. But if you start late, the monthly contribution for the same amount will be exorbitantly high. Goal10 Cr10 CrTenure35 yrs20 yrsSIP/monthRs 6,750Rs 67,500Returns15%15% Similarly, it would help if you planned for other goals such as a car, house, child's education, child's marriage, holiday, etc. These can become your separate jar and would be dedicated to that specific goal. FAQs What is the cookie jar approach to investing? The cookie jar investing method allows you to pour your savings and investments into different areas (called jars) for specific purposes. How do you use cookie jars? Consider you have a goal of buying a car in the next 5 years. To buy a car, you need to put the required monthly investment amount into a semi-liquid type of fund, like debt funds or even ETFs with stable returns. This will help you save enough money to buy your car after five years.  This approach to investing is called cookie jars when you see each goal differently. What is the logic behind the cookie jar method of investing?  The Mental Accounting method’s logic is applicable here this enables you to mentally allocate and distribute your savings into different buckets and invest accordingly. This way your expenses can also be managed efficiently as you do not spend for one goal out of the savings you collected for another goal. What financial goals can you use the cookie jar investing approach? You can use it for long-term and short-term goals. Whether it's buying a car or financing your child's education, you can have a separate jar and investing approach based on how much you need, when you need it, and your risk profile. Need help planning and saving towards your child's education? Consult an expert advisor to get the right plan TALK TO AN EXPERT
Top Schools in Jabalpur

Top Schools in Jabalpur

Jabalpur, a historic city nestled in the heart of Madhya Pradesh, boasts a rich cultural heritage and a thriving educational landscape. Home to some of the finest educational institutions in the state, Jabalpur offers parents a plethora of options to choose from when it comes to their child's education. In this blog, we'll explore some of the top schools in Jabalpur known for their academic excellence, holistic development programs, and modern facilities. 1. St. Aloysius Senior Secondary School St. Aloysius Senior Secondary School is one of the oldest and most prestigious institutions in Jabalpur, renowned for its academic excellence and holistic approach to education. With a legacy spanning over a century, the school offers a comprehensive curriculum, state-of-the-art facilities, and a nurturing environment conducive to learning and growth. St. Aloysius School focuses on instilling values such as discipline, integrity, and compassion in its students, preparing them to excel in all aspects of life. Average fees: 32,000 to 41,000 rupees. The fee varies based on the grade. 2. Christ Church Boys' Senior Secondary School Christ Church Boys' Senior Secondary School is another esteemed institution in Jabalpur known for its commitment to academic excellence and character development. With a strong emphasis on holistic education, the school offers a well-rounded curriculum that encompasses academics, sports, arts, and extracurricular activities. Christ Church School aims to foster a love for learning, creativity, and leadership skills in its students, empowering them to become responsible global citizens. Average monthly fees for this school range from 1350 per month to 2500 per month. The cost varies based on the child's grade. 3. Delhi Public School, Jabalpur Delhi Public School (DPS) Jabalpur is part of the renowned DPS chain of schools known for its academic rigor and innovative teaching methods. With its modern infrastructure, experienced faculty, and comprehensive curriculum, DPS Jabalpur provides a stimulating learning environment for students to thrive. The school focuses on holistic development, encouraging students to explore their interests, talents, and aspirations while preparing them for success in the 21st century. 4. Mount Carmel Higher Secondary School Mount Carmel Higher Secondary School is committed to providing quality education that nurtures the intellectual, emotional, and spiritual growth of its students. With its emphasis on academic excellence, character formation, and community service, Mount Carmel School aims to develop well-rounded individuals who are equipped to meet the challenges of a rapidly changing world. The school offers a supportive learning environment where students are encouraged to excel academically and personally. 5. Guru Harkrishan Public School Guru Harkrishan Public School is known for its academic excellence, cultural diversity, and commitment to holistic development. With its comprehensive curriculum, state-of-the-art facilities, and dedicated faculty, the school provides students with a well-rounded education that prepares them for success in the global arena. Guru Harkrishan Public School emphasizes values such as respect, compassion, and integrity, instilling a sense of responsibility and leadership in its students. Importance of Investing in Mutual Funds for Your Child's Education While securing admission to a top-tier school is a significant milestone, the journey towards a quality education doesn't end there. The rising cost of education, including tuition fees, books, and extracurricular activities, can pose a significant financial burden for parents. That's where investing in mutual funds comes in. Mutual funds offer a convenient and effective way to save and grow your money over time, helping you build a financial nest egg to fund your child's education. By starting early and making regular contributions, you can harness the power of compounding to accumulate wealth steadily. Additionally, mutual funds offer a diversified investment portfolio, reducing risk and maximizing returns over the long term. As a trusted partner in your financial journey, EduFund offers a wide range of mutual fund options tailored to your needs and goals. With expert guidance, personalized investment strategies, and user-friendly tools, EduFund makes it easy for parents to start investing for their child's education and secure a bright future. In conclusion, choosing the right school for your child is a significant decision that lays the foundation for their future success. By selecting one of the top schools in Jabalpur and investing in mutual funds with EduFund, you can provide your child with the best educational opportunities while safeguarding their financial future. Start planning today and give your child the gift of a quality education that lasts a lifetime.
Expensive Schools in Ajmer for Child Education

Expensive Schools in Ajmer for Child Education

In addition to its religious significance, Ajmer, a city rich in history and culture, is well-known for its thriving educational sector. Ajmer has developed into a center for high-quality education because of its vast range of schools that serve different boards and educational systems. Let’s look at some of the leading schools in Ajmer and their annual fees. Don’t forget to have a look at the FAQs in the end. Expensive Schools in Ajmer There are several schools in Ajmer, each providing a distinctive educational opportunity. The following are a few of the best schools in the city that are well-known for their academic prowess and facilities: 1. Mayo School One of the oldest and most prominent colleges in Ajmer was founded in 1875 and is known as Mayo College. It is an all-boys school renowned for its rich history, intellectual rigor, and top education.  Annual Fee: INR 6 lakhs to 10 lakhs. 2. Ryan International School One of the top 10 schools in Ajmer, Ryan International School has cutting-edge facilities and a staff of professionals that ensure a supportive atmosphere. This school is well-known for emphasizing both academics and extracurricular activities. Annual Fee: Varies 3. St. Aslam Pink City School The CBSE board-affiliated St. Anselm's Pink City School is well-known for its academic accomplishments. It strengthens a child’s foundation by providing instructions from preschool through class 12. Annual Fee: INR 2 lakhs to 3.5 lakhs. 4. Mayoor School, Ajmer Established in 1980, Mayoor School is managed by Mayo College General Council. It offers a thorough educational program. Annual Fee: INR 1.5 lakhs to 3 lakhs. 5. Sophia Senior Secondary School Sophia School, one of the oldest and most prestigious schools in Ajmer, was founded in 1919. Sophia School provides instruction from kindergarten through class 12. Annual Fee: INR 1 lakhs to 1.5 lakhs. Schools in Delhi for Child Education Read More Top CBSE Schools In Ajmer One of the most well-known educational boards in India is the Central Board of Secondary Education (CBSE). Apart from St. Aslam Pink City School, here are several Ajmer schools with affiliation with the CBSE and their yearly tuition: 1. DAV Centenary Public School, Ajmer D.A.V. Centenary Public School, established in the year 1994 is the epitome of quality education. With effect from 2001, the school fell under the direct management of the D.A.V. College Managing Committee, New Delhi. Annual Fee: INR 50,000 - INR 1 lakhs. 2. Raj International School Another well-known CBSE school in Ajmer is Raj International School, which has a cutting-edge facility and a committed teaching team. It promotes a holistic approach to schooling and provides a range of extracurricular activities. Annual Fee: INR 60,000 - INR 1 lakhs Start Investing in Mutual Funds Top ICSE Schools In Ajmer The tough curriculum used by the Indian Certificate of Secondary Education (ICSE) board is well-known. In addition to Sophia School and Mayo College, parents searching for ICSE-affiliated schools in Ajmer may want to take into account 1. St. Mary's Convent Senior Secondary School One of the oldest and most prestigious ICSE schools in Ajmer was founded in 1863 and is known as St. Mary's Convent Senior Secondary School. It has a long history of encouraging character growth and intellectual performance. Indian Certificate of Secondary Schools Read More Annual Fee: INR 50,000 - INR 60,000 2. Blossom Senior Secondary School The co-ed, ICSE-affiliated Blossom School is well-known for placing a high priority on both academics and extracurricular activities. It seeks to develop well-rounded people. Annual Fee: Varies Create Goals for Child Eduation Top Boarding Schools in Ajmer Students who attend boarding schools have the chance to fully immerse themselves in a disciplined and focused study atmosphere. Several well-known boarding schools are located in Ajmer: 1. Rashtriya Military School, Ajmer It is a top option for parents looking to provide their boys with a disciplined and comprehensive education. Fee: Approx INR 50,000. 2. Girls' Mayo College School Like Mayo College, the Girls' school has boarding options. It enables them to live on campus and receive a well-rounded education. Fee: Approx INR 1 lakh. https://youtu.be/v4gmR-U_vHA?si=lSTApVrcUw9nY2sj Best Government Schools In Ajmer Although private schools predominate in Ajmer's high-priced educational environment, the city also boasts several reputable government institutions. Annual tuition is often less expensive at government institutions than it is at private ones. Some of the top public schools in Ajmer are: 1. Government Girls Senior Secondary School, Ajmer This institution makes quality education affordable for a wide variety of students by charging a reasonable tuition. 2. Government Jawahar Senior Secondary School Established in 1950, it is situated in the urban region of Rajasthan state in India. The Department of Education oversees the school, which offers high secondary education. Hindi is the language of teaching, and the institution is co-ed. Both the secondary and high secondary levels of the school are associated with the State Board. Ajmer provides students with a broad range of educational options, from prestigious universities with hefty yearly tuition to public schools that emphasize affordability. The best private schools may be expensive, but they frequently provide top-notch facilities and a reputation for academic brilliance. To avoid exhausting your pockets with the burden of education money, start an education fund at the earliest! FAQs Which is the most expensive school in Ajmer? Most people agree that Mayo College is the most costly institution in Ajmer. It is renowned for its top-notch instruction, first-rate facilities, and long history of academic distinction Is Mayo School a CBSE or ICSE school? The curriculum of Mayo College is based on the ICSE (Indian Certificate of Secondary Education). Which is the most expensive school in Rajasthan? The costliest university in Rajasthan is sometimes cited as being Mayo College, which is situated in Ajmer. Its international reputation for academic brilliance, first-rate facilities, and extensive development programs explain its high tuition costs
Expensive Schools in Ahmedabad for Child Education

Expensive Schools in Ahmedabad for Child Education

Expensive Schools in Ahmedabad Ahmedabad, a thriving metropolis in Gujarat, is renowned for its outstanding educational system in addition to its rich cultural legacy and dynamic customs. Several schools in Ahmedabad cater to various educational boards and beliefs. With an emphasis on institutions with ties to the CBSE and ICSE, we shall examine the top 25 schools in Ahmedabad in this article. Don’t forget to have a look at the FAQs in the end. Start Investing in Mutual Funds Ahmedabad is home to a wide variety of schools, each of which provides an exceptional educational opportunity. The schools in the city are renowned for their dedication to academic quality, all-around development, and cutting-edge facilities. Let's look at the: Top 10 CBSE Schools in Ahmedabad Here are the Top 10 CBSE schools that every parent wants their children to be in:  1. Delhi Public School, Bopal: A CBSE-affiliated school, is famous for its demanding academic program and top-notch amenities. It constantly holds a top spot among Ahmedabad's CBSE schools. Quarterly Fee: INR 80,450 (Pre-primary) to 93,760 (12th Science students) 2. Maharaja Agrasen Vidyalaya: Maharaja Agrasen Vidyalaya is a prestigious institution with a focus on values-based education and a solid academic foundation. It has a history of turning out successful people. Annual Fee: INR 33,000 to INR 54,000 (fee varies based on grade) Save for Child Education with EduFund 3. Shanti Asiatic School: The school emphasizes inclusion and diversity while providing a comprehensive approach to education. For students, it offers a rich learning environment. Annual Fee: INR 1,20,000 to INR 2,40,000 4. Zydus School for Excellence: With cutting-edge facilities and a committed faculty, Zydus School for Excellence has made a name for itself as one of Ahmedabad's finest CBSE schools. Annual Fee: INR 1,20,000 to INR 2,00,000. Expensive Schools in Bangalore Read More 5. Anand Niketan School: To guarantee total growth, Anand Niketan School places a strong emphasis on academic performance. Annual Fee: INR 1,20,000 to INR 2,20,000. 6. Udgam School for Children: Udgam School is dedicated to encouraging creativity and critical thinking in its pupils and follows the CBSE curriculum. Annual Fee: INR 1,00,000 to INR 2,00,000. Invest in the US Market 7. Global Indian International School: The Global Indian International School is a CBSE-affiliated international school that emphasizes cultural diversity and gives a global perspective on education. Annual Fee: INR 50,000 to INR 1,00,000. (Contains only the admission fee) 8. EuroSchool: EuroSchool Ahmedabad is dedicated to fostering independent thinkers and problem solvers by using a cutting-edge educational methodology. Annual Fee: Varies Apply for Education Loans 9. Aavishkar International School: Students are encouraged to pursue their interests in a learning atmosphere that is focused on them. Annual Fee: Varies 10. St. Kabir Indian International School: St. Kabir School offers a well-rounded education by fusing Indian principles with exposure to other cultures.  Annual Fee: INR 1,50,000 to INR 2,50,000 Expensive Schools in Delhi Read More Top 10 ICSE Schools in Ahmedabad Here are the Top 10 ICSE Schools take will make your children come out with flying colors. 1. The Riverside School: The Riverside School is a leader in ICSE education in Ahmedabad and is renowned for its cutting-edge teaching strategies and emphasis on experiential learning. Annual Fee: INR 2,50,000 to INR 4,50,000. 2. GEMS Genesis International School (GGIS): The goal of GEMS Genesis International School (GGIS) is to create well-rounded individuals who are capable of thriving in a globalized society. Annual Fee: 2,00,000 to INR 4,00,000 (For middle school) Download App and Start Investing in Child's Future 3. Fountainhead School: Fountainhead School provides a vibrant curriculum that encourages pupils to think critically and upholds the notion of fostering lifelong learners. Annual Fee: Varies 4. Zydus School for Excellence (ISCE): Offering both the ICSE curriculum and a CBSE component, Zydus School for Excellence gives parents an option. Annual Fee: INR 1,20,000 to INR 2,00,000. Calculate SIP Returns 5. Rachna School - Rachna School is renowned for its solid academic foundation and a culture that values uniqueness and innovation. Annual Fee: INR 60,000 to INR 1,20,000. 6. Sheth C. N. English Medium School: Sheth C. N. School is a well-known institution for its commitment to both academic success and the growth of moral character. Annual Fee: INR 1,00,000 to INR 2,00,000. Expensive Schools in Hyderabad Read More 7. St. Xavier's High School: St. Xavier's High School emphasizes holistic development while adhering to the ICSE curriculum to ensure pupils are ready for life after graduation. Annual Fee: Varies 8. Divine Child International School- Divine Child International School provides kids with a loving atmosphere that encourages academic performance and personal development. Annual Fee: Varies 9. St. Kabir School (ISCE): St. Kabir School offers instruction for the ICSE board in addition to its CBSE part, providing parents with extra choices. Annual Fee: INR 1,50,000 to INR 2,50,000. 10. Zydus School for Excellence (ISCE): Zydus School for Excellence (ISCE) is one of Ahmedabad's most flexible schools since it provides both the CBSE and ICSE curriculum. Annual Fee: INR 1,20,000 to INR 2,00,000. Government Schools in Ahmedabad With schools coming with a price tag, who would not want their children admitted to a budget-friendly yet prestigious school? Let’s have a look at the top Government Schools in Ahmedabad: 1. Kendriya Vidyalaya, Vastrapur: Kendriya Vidhyalaya, which was founded in the year 1980, is situated in the Vastrapur neighborhood of Ahmedabad's City block. High secondary education is offered at the school, which the federal government runs. It is a Co-Ed English medium school. 2. Government High Secondary School Juhapura Founded in 2011, it is situated in a rural region of the Gyaspur neighborhood of Ahmedabad's City block. The Department of Education oversees the school, which offers secondary and high school education to students in grades nine through twelve. Gujarati is used as the primary language of instruction, and the institution is co-ed. Both the secondary and high secondary levels of the school are associated with the State Board. 3. Municipal School No. 1 (MS1): Municipal School No. 1 is known for its affordability, and in many cases, it offers education at minimal or no cost. The school aims to make education accessible to students from all socio-economic backgrounds. 4. Gujarat Vidyapith: The fees at Gujarat Vidyapith vary depending on the course and level of education. Undergraduate and postgraduate courses often have reasonable fees, making them an attractive option for higher education. https://www.youtube.com/watch?v=O9P78xefVvQ&t=16s FAQs Which school in Ahmedabad is the most expensive? International schools or those that provide the International Baccalaureate(IB) program are often the costliest institutions in Ahmedabad Are the schools in Ahmedabad good for education? Ahmedabad is a desirable location for great education because of its strong educational infrastructure and combination of good private and public institutions Is Ahmedabad expensive for students? The price of schooling varies per school in Ahmedabad. Government schools are among the cheaper alternatives, even if some institutions are pricey.
Cost of Boarding Schools in Singapore for Indian Students

Cost of Boarding Schools in Singapore for Indian Students

Singapore, a vibrant nation known for its academic excellence and multicultural environment, offers a unique and compelling destination for Indian students seeking a boarding school education. Renowned for its world-class facilities, innovative teaching methods, and diverse student bodies, Singaporean boarding schools equip students with the knowledge, skills, and global perspective needed to excel in the 21st century. Join our robust WhatsApp Community that helps parents invest! List of Top Boarding Schools in Singapore for International Students Global Indian International School (Singapore) (GIIS):This co-educational school offers a CBSE curriculum alongside various international curricula options. It provides a familiar academic environment while fostering an international perspective. (Estimated tuition fees per term: $4,500 - 9,000 SGD) United World College of South East Asia (UWCSEA) (Dover Campus):This co-educational school offers the IB diploma program and fosters a strong sense of global citizenship. It boasts a diverse student body and encourages intercultural understanding. (Estimated annual fees: $50,000 SGD) St. Joseph's Institution International School (Singapore):This co-educational school offers a unique blend of academic rigour and holistic development. It emphasizes bilingualism (English and Mandarin) and provides a strong foundation for university success. (Estimated annual fees: $45,000 SGD) What to Consider Before Applying to Top Boarding Schools in Singapore Before embarking on this exciting adventure, several crucial aspects deserve careful consideration. The academic requirements vary between schools. Some offer curricula aligned with the Indian education system (e.g., CBSE), while others follow international programs like the International Baccalaureate (IB) or the GCE A-Levels. Researching these requirements and ensuring strong academic performance is paramount. Cost is another significant factor. While generally less expensive than boarding schools in Western countries, Singaporean boarding schools require a significant investment. Explore scholarship options offered by schools, the Singaporean government, or private organizations to potentially lessen the financial burden. Obtaining a student visa is vital for international students. Familiarize yourself with the application process and required documentation well in advance to avoid delays. Adapting to a new cultural environment can be an enriching experience. Singapore boasts a blend of Asian and Western influences. Researching Singaporean customs and embracing the experience with an open mind will help ease the transition. Remember, many schools offer support services and resources to help international students adjust smoothly. Conclusion A Singaporean boarding school education can be a transformative experience, equipping students with academic excellence, cultural fluency, and lifelong friendships in a dynamic Asian environment. With careful planning, research, and an open mind, Indian students can embark on a journey of intellectual and personal growth, propelling them towards success in a globalized world. Remember, this blog serves as a starting point. Contact the schools directly and conduct thorough research to make the best decision for your unique educational aspirations. Start Investing
Expensive schools in Gwalior for Child Education

Expensive schools in Gwalior for Child Education

Did you know that in the enchanting city of Gwalior, education goes beyond exams, books, and classrooms? It's a luxurious affair: its schools offer sports like horseback riding, archery, and shooting which Indian royalty loved! Let’s look at some of the most expensive CBSE, ICSE, boarding, and IB board schools in Gwalior. The annual fee for these schools is enough to make you want to save! Schools in Gwalior Gwalior, a city steeped in history and cultural richness, has emerged as a prominent educational hub in Central India. With a diverse range of schools catering to varying curricula and pedagogical approaches, Gwalior offers a plethora of options for parents seeking quality education for their children. In this comprehensive exploration, we will delve into the vibrant world of schools in Gwalior, shedding light on their unique characteristics, educational philosophies, and contributions to the city's academic landscape. Quality Education in CBSE and ICSE Schools  Among the many boards of education available in Gwalior, schools affiliated with the Central Board of Secondary Education (CBSE) and the Indian Certificate of Secondary Education (ICSE) hold a prominent place. These schools adhere to well-structured curricula, providing students with a strong academic foundation that is recognized nationally. Schools in Mussoorie Read More CBSE Schools in Gwalior  CBSE schools in Gwalior follow the curriculum set by the Central Board of Secondary Education, a national board known for its standardized approach to education. These schools focus on providing a comprehensive education that prepares students for national-level competitive examinations. They offer a wide range of subjects, extracurricular activities, and resources to ensure holistic development. Here are 10 prominent CBSE schools in Gwalior, along with their approximate average fees and brief information:  The Scindia School: One of the most prestigious schools in Gwalior, it is an all-boys boarding school known for its holistic education. The average annual fee may range from INR 5 lakhs to 7 lakhs.  Mayo College Girls' School: This renowned girls' boarding school is known for its academic excellence and extracurricular activities. The average annual fee is approximately INR 4 lakhs to 6 lakhs.  Delhi Public School (DPS): DPS Gwalior is part of the DPS Society and offers quality education. The average annual fee ranges from INR 1.5 lakhs to 3 lakhs.  Kendriya Vidyalaya No. 1: A government-affiliated CBSE school with affordable fees, typically around INR 20,000 to 30,000 per year.  Campion School: Campion is a well-established CBSE school in Gwalior. The average annual fee is around INR 1.2 lakhs to 2 lakhs.  G.D. Goenka Public School: Known for its modern teaching methods and facilities, the average annual fee at GD Goenka may range from INR 2.5 lakhs to 4 lakhs.  Mount Litera Zee School: Offering quality education, this school may have an average annual fee of around INR 1 lakh to 2 lakhs.  Central Academy: A reputable CBSE school in Gwalior, it typically has an average annual fee of INR 40,000 to 60,000.  Aditya Birla Public School: Known for its strong educational foundation, the average annual fee at this school is approximately INR 1.5 lakhs to 3 lakhs.  Kendriya Vidyalaya No. 2: Another Kendriya Vidyalaya in Gwalior with affordable fees, usually around INR 20,000 to 30,000 per year.  If you want to know what to choose for your child in terms of private or public schooling, you can read this article. Schools in Dehradun Read More ICSE Schools in Gwalior  ICSE schools in Gwalior, on the other hand, follow the curriculum prescribed by the Indian Certificate of Secondary Education board. These schools emphasize a holistic education approach, placing significant importance on critical thinking, practical skills, and an in-depth understanding of subjects. The ICSE curriculum is known for its rigorous evaluation methods, which encourage students to think creatively and analytically. Here are 10 prominent ICSE schools in Gwalior:  The Sanskaar Valley School: An esteemed ICSE school known for its academic excellence and extracurricular activities. The average annual fee may range from INR 2.5 lakhs to 4 lakhs.  Gwalior Glory High School: A well-established ICSE-affiliated school in Gwalior, with an average annual fee of around INR 1.5 lakhs to 2.5 lakhs.  Columbia Convent School: Known for its holistic approach to education, the average annual fee at Columbia Convent may be approximately INR 60,000 to 1 lakh.  Little Angels School: This ICSE school focuses on providing quality education to its students. The average annual fee is typically around INR 40,000 to 60,000.  Scindia Kanya Vidyalaya: An exclusive girls' ICSE school, it offers a blend of academics and character development. The average annual fee may range from INR 2.5 lakhs to 3.5 lakhs.  Maharishi Vidya Mandir: Known for its Vedic education principles, the average annual fee at this ICSE school is approximately INR 40,000 to 60,000.  Delhi Public School (DPS): DPS Gwalior offers ICSE education as well. The average annual fee may range from INR 1.5 lakhs to 3 lakhs.  Saint Joseph's Convent School: This ICSE school has a reputation for academic excellence. The average annual fee is typically around INR 40,000 to 60,000.  Scindia Balika Vidyalaya: An exclusive girls' ICSE school affiliated with Scindia School, with an average annual fee ranging from INR 2.5 lakhs to 3.5 lakhs.  Cambridge School: Known for its quality education, the average annual fee at Cambridge School is approximately INR 60,000 to 1 lakh. Schools in Chennai Read More International Baccalaureate (IB) Schools in Gwalior  International Baccalaureate (IB) schools in Gwalior follow a curriculum that is renowned for its academic rigor and emphasis on developing well-rounded individuals. The IB program includes the Primary Years Program (PYP), Middle Years Program (MYP), and Diploma Program (DP), catering to students from elementary to high school. IB schools focus on nurturing critical thinking, creativity, and a sense of global citizenship.  Here are 10 IB schools in Gwalior:  Sagar Public School, Gwalior: This school offers the IB Primary Years Programme (PYP) and the IB Diploma Programme (DP). The average annual fee for the DP program may range from INR 3 lakhs to 4.5 lakhs.  Delhi Public School (DPS), Gwalior: DPS Gwalior also offers the IB Diploma Programme in addition to other curricula. The average annual fee for the IB DP program may be around INR 2.5 lakhs to 3.5 lakhs.  The Heritage School: Known for its international curriculum, the average annual fee for the IB program at The Heritage School may range from INR 3 lakhs to 4.5 lakhs.  Gems Cambridge International School: This school offers the IB Primary Years Programme (PYP) and the IB Middle Years Programme (MYP). The average annual fee may vary but could be around INR 2.5 lakhs to 4 lakhs.  Shishukunj International School: Shishukunj offers the IB Primary Years Programme (PYP) and the IB Middle Years Programme (MYP). The average annual fee for the IB programs may range from INR 2 lakhs to 3.5 lakhs.  Gwalior Glory High School: In addition to ICSE, this school also offers the IB Diploma Programme. The average annual fee for the IB DP program may be around INR 2.5 lakhs to 3.5 lakhs.  Kendriya Vidyalaya No. 1 (KV1): A government-affiliated school that may offer the IB Diploma Programme with a relatively lower fee, typically ranging from INR 30,000 to 50,000 per year.  Columbia Convent School: This school may offer IB programs with an average annual fee of approximately INR 2 lakhs to 3.5 lakhs.  Mount Litera Zee School: Known for its international curriculum, the average annual fee for the IB programs at this school may range from INR 1 lakh to 2.5 lakhs.  Maharishi Vidya Mandir: This school may offer IB programs with an average annual fee of around INR 1.5 lakhs to 2.5 lakhs. The Role of Parents in School Selection  In Gwalior, as in any city, parents play a pivotal role in selecting the right school for their children. Factors such as the school's location, fees, reputation, and teaching methodologies all weigh heavily in the decision-making process.  Parents often seek guidance from educational consultants, visit schools, attend open houses, and rely on word-of-mouth recommendations to make informed choices. Many parents also prioritize a school's extracurricular activities and facilities, recognizing the importance of a well-rounded education. Considerations for Choosing CBSE Schools  National Recognition: CBSE certifications are widely recognized across India, making them suitable for families with potential mobility or those seeking national-level career opportunities for their children.  Structured Approach: CBSE schools are known for their structured curriculum and standardized assessments, which some parents believe provide a more predictable and competitive educational environment.  Focused Preparation: If a child aspires to engineering or medical fields, CBSE schools often offer a strong foundation for the required competitive exams like JEE (Joint Entrance Examination) and NEET (National Eligibility cum Entrance Test).  Considerations for Choosing ICSE Schools  Holistic Education: Parents who prioritize a well-rounded education with an emphasis on critical thinking, creativity, and practical skills may find ICSE schools in Gwalior to be an ideal choice.  In-Depth Understanding: The ICSE curriculum encourages students to delve deeply into subjects, fostering a thorough understanding of concepts rather than rote memorization.  Global Perspective: ICSE education is often considered more globally oriented, making it a potential choice for families with international career aspirations for their children. Schools in Bangalore Read More Boarding Schools in Gwalior   In this comprehensive exploration, we will delve into the world of boarding schools in Gwalior, shedding light on their distinctive features, the advantages they offer, and the role they play in shaping well-rounded individuals.  The Scindia School: An esteemed all-boys boarding school with an annual fee ranging from INR 5 lakhs to 7 lakhs.  Mayo College Girls' School: This girls' boarding school may have an annual fee of approximately INR 4 lakhs to 6 lakhs.  Gwalior Glory High School: A co-educational boarding school with an average annual fee of around INR 3 lakhs to 4.5 lakhs.  The Heritage School: Known for its international curriculum, the average annual fee for boarding at The Heritage School may range from INR 4 lakhs to 6 lakhs.  Scindia Kanya Vidyalaya: An exclusive girls' boarding school affiliated with Scindia School, with an average annual fee ranging from INR 3.5 lakhs to 5 lakhs.  Delhi Public School (DPS): DPS Gwalior offers boarding facilities with an average annual fee that may be around INR 3 lakhs to 4.5 lakhs.  Mount Litera Zee School: The boarding facility at Mount Litera Zee School may have an average annual fee of approximately INR 2.5 lakhs to 4 lakhs.  Columbia Convent School: The boarding facility at this school may have an average annual fee of around INR 2 lakhs to 3.5 lakhs.  Aditya Birla Public School: Known for its strong educational foundation, the average annual fee for boarding at this school is typically around INR 3 lakhs to 4.5 lakhs.  Scindia Balika Vidyalaya: An exclusive girls' boarding school affiliated with Scindia School, with an average annual fee ranging from INR 3.5 lakhs to 5 lakhs.  The Boarding School Experience in Gwalior  Boarding schools in Gwalior are as diverse as the city itself, offering a range of educational philosophies, curricula, and facilities. Some cater exclusively to boys, some exclusively to girls, and others are coeducational. The choice of a boarding school often depends on a family's values, preferences, and the specific needs of the student.   These are the top schools in Gwalior that you can shortlist for your kid’s future. Need help saving for these high fees? Then download the EduFund App and find the best savings plan that can help you pay for these fees without breaking your bank.  FAQs Which is the most expensive school in Gwalior? The most expensive school in Gwalior can vary depending on factors like curriculum, facilities, and reputation. Schools such as The Scindia School and DPS Gwalior are known for their premium fees and quality education. Is Gwalior a good city for students? Yes, Gwalior is a good city for students. It has a rich educational heritage with a variety of schools, colleges, and universities. The city's cultural and historical significance adds to the overall learning experience, making it an excellent choice for students Is Gwalior a costly city for child education? The cost of child education in Gwalior can vary. While there are affordable options available, some schools, especially international and boarding schools, can be relatively costly. However, the city provides a range of educational choices, allowing parents to find options that suit their budget and preferences
What is there in the Budget for F.Y. 2024-25? 

What is there in the Budget for F.Y. 2024-25? 

The Union Minister of Finance, Nirmala Sitaraman, presented the interim budget for the F.Y. 2024-25 on 1st Feb. 2024. As expected, the budget did not bring any surprising element as it was an interim budget and a full-fledged budget will be presented after the general elections in July 2024. The following are some of the key highlights from the budget speech and The Finance Bill, 2024.  Key Points Vikasit Bharat by 2047.  Infrastructure Spend – Estimated Capex of Rs. 11.11 Lakh Crores in F.Y. 2024-25 – Highest ever Capex with an increase of 11.1% from F.Y. 2023-24.  A one lakh crore rupees corpus is to be established for today's tech-savvy youth, with a fifty-year interest-free loan to boost private sector research and innovation in emerging fields through long-term financing with low-interest rates.  All ASHA, Anganwadi workers and helpers will be covered under the Health Cover under the Ayushman Bharat Scheme.  Government to encourage Cervical Cancer Vaccination for girls (9-14 years).  The deadline for certain tax benefits for startups and sovereign wealth funds/pension funds extended to 31.03.2025 from 31.03.2024.  Proposed changes in TCS on Foreign Remittances:  No TCS if remittance is up to Rs. 7 lakhs, irrespective of the purpose of the remittance (currently, it is only for education or medical expenses).  TCS at 5% of the amount in excess of Rs. 7 lakhs if the remittance exceeds Rs. 7 Lakhs and is for education and medical treatment.  TCS at 20% of the amount in excess of Rs. 7 lakhs if the amount exceeds Rs. 7 Lakhs and is for other than education and medical treatment.  Key Numbers  Particulars Revised Estimates for F.Y. 2023-24 Estimates for F.Y. 2024-25 Total Receipts Excl. Borrowings Rs. 27.56 Lakh Crores Rs. 30.80 Lakh Crores Tax Receipts Rs. 23.24 Lakh Crores Rs. 26.02 Lakh Crores Total Expenditure Rs. 44.09 Lakh Crores Rs. 47.66 Lakh Crores Fiscal Deficit (% of GDP) 5.80% 5.10% Gross Borrowing through Dated Securities  Rs. 14.13 Lakh Crores Net Borrowing through Dated Securities  Rs. 11.75 Lakh Crores  Target to reduce Fiscal Deficit below 4.5% by F.Y. 2026.  There are no changes in taxation with the same tax rates for both direct and indirect taxes, including import duties.  Thanks for reading!  If you have any queries, feel free to write to us at research@edufund.in. 
Margin Money in Education Loans

Margin Money in Education Loans

Ever heard of the term Margin Money in Education Loans? How does it affect the average student? Do all students need to pay margin money? Find out in this article what margin money is, why it is important for students to know of it, and if it’s a compulsory fee or not!  https://www.youtube.com/watch?v=7Y0V6Z0lcJs&t=2s What is Margin Money?  In the context of education loans in India, margin money refers to the portion of the total educational expenses that the borrower (student or their parents/guardians) needs to fund from their own resources. In other words, it is the borrower's contribution toward the overall cost of education, and the remaining amount is covered by the education loan.  The concept of margin money is prevalent in the education loan process to ensure that students and their families have a financial stake in the education expenses. The margin money requirement helps in sharing the financial burden between the borrower and the lender. The margin money percentage can vary depending on the loan amount and the policies of the lending institution.  For example, if the total cost of education is ₹10,00,000 and the margin money requirement is 5%, the borrower would be required to contribute ₹50,000 from their own funds, and the education loan would cover the remaining ₹9,50,000.  It's important for students and their families to be aware of the margin money requirement when applying for education loans, as it influences the amount that needs to be arranged independently to meet the educational expenses. The terms and conditions, including margin money requirements, can vary among different banks and financial institutions offering education loans. The Role of Margin Money in Loan Disbursement  Margin money plays a significant role in the disbursement of education loans in India. Here's how it typically works:   1. Calculation of Total Cost:  Before applying for an education loan, the borrower needs to determine the total cost of the educational program. This includes tuition fees, accommodation, books, and other related expenses.  2. Determination of Margin Money:  The lending institution specifies a margin money percentage that the borrower must contribute from their own funds. For instance, if the margin money requirement is 10%, and the total cost of education is ₹5,00,000, the borrower needs to provide ₹50,000 as margin money.  3. Loan Amount Calculation:  The loan amount is calculated by subtracting the margin money from the total cost of education. Using the example above, if the total cost is ₹5,00,000 and the margin money is ₹50,000, the loan amount would be ₹4,50,000.  4. Disbursement Process:  The education loan is disbursed based on the approved loan amount. The lending institution releases funds directly to the educational institution or provides the borrower with the necessary funds, depending on the terms of the loan.  5. Use of Margin Money:  The margin money contributed by the borrower is typically used to cover initial expenses or as a security deposit, depending on the requirements of the educational institution.  6. Repayment Structure:  The repayment structure of the education loan is based on the disbursed loan amount. The borrower is required to repay the loan amount along with applicable interest over the agreed-upon repayment period.  Understanding and fulfilling the margin money requirement is essential for students and their families when seeking education loans. It ensures a shared financial responsibility and helps in the smooth disbursement and repayment of the loan. The terms and conditions, including the margin money percentage, may vary among different banks and financial institutions  7. Margin Money Calculation Formula  The formula for calculating margin money is straightforward. It is given by:  Margin Money = Total Cost of Education × (Margin Money Percentage/100)   Let's go through an example to illustrate this:  Suppose the total cost of education is ₹3,00,000, and the lending institution requires a margin money contribution of 15%.  Margin Money = ₹3,00,000 × (15/100)  Margin Money = ₹3,00,000 × 0.15  Margin Money = ₹45,000  Margin Money=₹45,000  So, in this example, the margin money required would be ₹45,000. The borrower would need to provide this amount from their own funds, and the education loan would cover the remaining ₹2,55,000 (₹3,00,000 - ₹45,000) based on the margin money percentage and total cost of education.  https://www.youtube.com/watch?v=AbYbP-HKAd8 Margin Money Requirements by Major Banks and NBFCs  When comparing margin money requirements, consider factors such as:  1. Loan Amount vs. Margin Money Percentage:  Evaluate how the margin money percentage influences the loan amount. Different institutions may have varying percentages.  2. Total Cost of Education:  Check if there are any restrictions on the types of expenses considered in the total cost of education.  3. Flexibility and Terms:  Assess the flexibility offered by each institution in terms of margin money payment and any variations based on the course or program.  4. Interest Rates and Repayment Terms:  Consider the overall terms of the education loan, including interest rates and repayment periods, in addition to the margin money requirement.  5. Eligibility Criteria:  Understand any specific eligibility criteria associated with margin money, such as the applicant's income, credit history, or collateral requirements.  To obtain specific and accurate information, reach out to the education loan departments of different financial institutions, and inquire about their current policies and margin money requirements.  Public Sector Banks vs. Private Sector Banks  The margin money policies of public sector banks (PSBs) and private sector banks differ based on their respective approaches, ownership structures, and government regulations. Here's a general comparison:  Public Sector Banks (PSBs) 1. Government Influence:  PSBs often have margin money policies influenced by government guidelines and regulatory frameworks.  Margin money requirements may vary based on the type of educational course and loan amount.  2. Flexible for Social Objectives:  Some PSBs may have more flexibility in margin money requirements for courses that align with national priorities or social objectives.  3. Government-Sponsored Schemes:  PSBs may participate in government-sponsored education loan schemes with reduced or no margin money for economically disadvantaged students.  4. Interest Rate Subsidies:  In some cases, PSBs may offer interest rate subsidies or concessions to certain categories of students, impacting the overall financial burden.  Private Sector Banks  1. Market-Driven Approach:  Private sector banks often adopt a market-driven approach, setting margin money policies based on their assessment of risk and profitability.  2. Varied Margin Requirements:  Margin money requirements in private banks may vary widely based on factors such as the loan amount, course type, and the creditworthiness of the borrower.  3. Focus on Risk Management:  Private banks may emphasize risk management, adjusting margin money requirements to mitigate potential loan default risks.  4. Customer-Centric Solutions:  Some private banks may offer customized margin money solutions, considering the unique circumstances and financial capabilities of individual borrowers.  General Considerations Regulatory Guidelines: Both public and private sector banks must adhere to regulatory guidelines set by authorities, impacting their margin money policies.  Negotiation Possibilities: While public sector banks may have more standardized policies, private sector banks may allow more room for negotiation based on individual cases and creditworthiness.  Loan Amount and Course Type: The margin money requirements often depend on the total loan amount and the type of educational course. Professional courses might have different requirements than undergraduate or postgraduate programs.  It's crucial for students to directly inquire with specific banks, whether public or private, to obtain accurate and up-to-date information on their margin money policies. Policies can vary not only between public and private banks but also among individual banks within each sector.  Zero Margin Money Options  Some banks and NBFCs in India may offer education loans with no margin money requirement or minimal margin. Keep in mind that these policies can vary based on factors like the course, loan amount, and the lender's discretion. Here are a few institutions that, in the past, have been known for flexible margin money requirements:  1. Avanse Financial Services:  Avanse is an NBFC that has been recognized for providing education loans with flexible terms, including competitive interest rates and customized repayment plans.  2. Axis Bank:  Axis Bank has been known to offer education loans with no margin money requirement for certain loan amounts. Their policies, however, may vary, so it's advisable to check with the bank directly.  3. IDBI Bank:  IDBI Bank has, in some cases, provided education loans with no margin money requirement, especially for specific courses or loan amounts. It's recommended to verify this information with the bank.  4. Canara Bank:  Canara Bank has offered education loans with minimal or no margin money requirement for certain categories of loans. Always check with the bank for the latest policies.  5. Bank of Baroda:  Bank of Baroda may offer education loans with a reduced margin or no margin money requirement for certain courses and loan amounts. Verify the current policies directly with the bank.  The Relationship Between Margin Money and Overall Expenses  The amount of margin money in education loans is often influenced by the total expenses of education. Generally, as the total educational expenses increase, the percentage of margin money required may decrease. Lenders may adjust the margin to accommodate higher overall costs, making education financing more accessible for students. However, specific margin money requirements can vary among lenders and institutions, and regulatory guidelines may also play a role in determining the relationship between margin money and total expenses. It's crucial for students to review the policies of individual lenders and educational institutions to understand how margin money is influenced in the context of the total cost of education.  Impact of Lower Overall Expenses on Margin Money  The inverse relationship between overall expenses and margin money lies in the fact that as overall educational expenses increase, the proportion of margin money required decreases. Higher expenses often lead to more substantial loans, and lenders may be willing to lower the margin percentage to accommodate larger loan amounts.  Strategies for Minimizing Margin Money  To minimize margin money, students can explore scholarships, grants, and part-time work opportunities to cover educational expenses. Negotiate with lenders for flexible repayment plans and consider community college or online courses for cost savings. Efficient financial planning can reduce the burden significantly.  FAQs What is margin money in the context of education loans?  Margin money refers to the portion of the total educational expenses that the student is required to fund from their own resources. It is the percentage of the total cost that is not covered by the education loan, and students are expected to contribute this amount.  Why do lenders require margin money for education loans? Lenders require margin money to mitigate risk and encourage financial responsibility. When students contribute their own funds, it reduces the likelihood of default, and it signals to lenders that the student is financially committed to their education. How is the margin money percentage determined? The margin money percentage is often influenced by regulatory guidelines, institution policies, and the total cost of the educational program. It varies among lenders and educational institutions. Always check with the specific lender or educational institution for their policies.  Can the margin money be borrowed from another source or does it have to be from personal savings? Generally, lenders prefer that margin money comes from the student's personal savings or contributions from family. Some lenders may not allow borrowing the margin money from another loan source. It's important to clarify this with the lender.  How does providing margin money benefit students?  Providing margin money benefits students by instilling financial responsibility, reducing the overall loan burden, enhancing creditworthiness, and fostering a sense of ownership and commitment to their education.  TALK TO AN EXPERT
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