Guide for parents taking education loan for kids

THE ECONOMIC TIMES Tue, Mar 10, 2020 | 08:34 AM IST ET Wealth Newsletter

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Guide for parents taking education loan for kids You should keep a separate education corpus and start early so that the power of compounding can work. But if you fall short, an education loan can bridge the gap. Here's what you need to know. Investing in these 7 equity mutual funds can give good risk-adjusted returns The current economic environment is not conducive for equity markets and a broad-based equity recovery will only happen when the economy revives. Hence, it is advisable to look at risk-adjusted metrics to evaluate, identify good quality equity funds. Senior Citizens Savings Scheme saves tax, beats bank FDs: Here's all you need to know about it Backed by the government, the scheme offers capital protection, along with quarterly interest payment as a source of income. Should you buy disruptive tech focused global equity mutual funds? A tech-led disruption refers to a seismic shift which upturns established industries and overthrows existing market leaders. It is the outcome of an innovation that transforms a product, service or biz model, often creating an entirely new market. From our Partners The bank that helps you build your career The organisation that lets you take journey from a Humble Start to the C Suite. From our Partners Must Read - Incredible opportunities offered by J.P. Morgan to its employees Insurance agent earns more than mutual fund distributor: How it affects investors According to latest figures, agents selling LIC policies fetched nearly twice the commission for the first nine months of 2019-20 than what mutual fund distributors made for the entire financial year 2018-19. Here is why you should be concerned. Do's and dont's while taking education loan Joining a course just because the institute has tied up with some financial institutions and a loan is easily available is a mistake. By doing so, you may fall victim of the education mafia. Top Mutual Funds SCHEME NAME RATING 3 YRS(%) 1 YR(%) 6 M(%) 1 M(%) Axis Bluechip Fund Direct Plan-Growth ★★★★★ 16.47 13.50 5.46 -7.66 Invest Now Axis Bluechip Fund-Growth ★★★★★ 14.96 12.23 4.86 -7.71 Invest Now Canara Robeco Bluechip Equity Fund Direct-Growth ★★★★★ 11.19 8.45 5.47 -9.96 Invest Now Canara Robeco Bluechip Equity Fund Regular-Growth ★★★★★ 9.92 7.11 4.76 -10.08 Invest Now Motilal Oswal Focused 25 Fund Direct-Growth ★★★★★ 8.81 8.32 5.20 -10.34 Invest Now FeaturedL&T Balanced Advantage Fund Direct-Growth ★★★★★ 5.82 3.21 0.75 -5.51 Start SIP Investors should change mental gears to profit from a falling stock market All successful investors start out in their investing life believing some things are actually not true. Some of those things are true in a particular phase of the equity markets. This has actually happened to many of us over the last three decades. How much is too much when investing, spending money on different things How boring would life be if not for the pleasures of indulgence! The challenge in personal finance is finding the balance. How can we tell if we are swinging too much on either side?

FEATURED SLIDESHOWS

All you need to know about investing capital gains from selling property Money skills for children: How does your child score? You can get tax benefit on the money you have donated during the year 5 online options for last-minute tax-saving More Slideshows

Financial Calculators Old or new tax slab regime? Use this calculator to find out This tax calculator will help you estimate your tax liability. Just input your personal income details and know how much you would be liable to pay. New LTCG tax calculator: Plan, compute your tax Use this tool to calculate long-term capital gains (LTCG) and the corresponding LTCG tax for listed shares and units of equity-oriented mutual funds.

6 smartphones costing less than Rs 12,000 for heavy users If you are a heavy smartphone user and are looking for a smartphone that offers higher battery power but are running a tight budget for such a spend, then here are six options that will solve your problem. These fall in the below Rs 12,ooo price range. Buying financial products? Don't fall for sales pitch of agents One should read the product literature in detail to see if there were indeed any special benefits available for them. This could be a lower average quarterly balance requirement or any add-on benefits compared to standard accounts. Stock pick of the week: Marico's valuation has become reasonable after recent correction Marico's share price fell by 24% in last six months compared to 4% gain in the ET FMCG Index. Due to this underperformance and resultant fall in valuation, its growth challenges are fully priced in now, making the company a favourite of analysts. Realty hot spot series: This Ahmedabad locality boasts of excellent social, retail infra This week's realty hot spot series focuses on SG Highway, Ahmedabad. This micro-market in Ahmedabad boasts excellent social and retail infrastructure. The price range of the apartment in the locality is between Rs 2,900 and Rs 5,100 per square feet. How Sensex, gold, 10-year G-sec performed during week ending March 5, 2020 Here is a weekly tracker to keep you updated on the Sensex, gold prices, bond yields and GDP growth. It gives an investor an idea of how their investments performed over a longer period. Tax optimiser: Salaried Khanna can cut tax by Rs 4.7 lakh by rejigging salary structure ET Wealth tells readers how they can optimise their tax by rejigging their income and investments. How to use Bhim UPI to apply for IPO ​​SEBI has permitted the use of UPI ID for application to public issues. One's UPI ID can be used as a payment option for making an application to such issues. This process has considerably reduced the IPO application time. Family Finance: Wadhwani needs to defer his money goals till income increases Hunny Wadhwani's goals include building an emergency corpus, saving for his wedding, buying a car, and his retirement. What is stocks Advance Decline Ratio? It is an indicator used in technical analysis to compare the number of stocks that closed higher than the number of stocks closed lower than their previous day's closing prices.

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