Prajna Capital - An Investment Guide

‘UPON THE Education of the people of the country, the fate of the country depends.’ Our country seems to have taken the wise words of UK’s inter-war year’s Prime Minister Benjamin Disraeli in true spirits. Given the high level of illiteracy in the country, and the need to ensure that Indians are as competitive as their global peers, the government has been taking steps to boost education sector. While the government has been raising the budgetary allocation for education every year and has also imposed 3% cess to promote primary and secondary education in the country, it also provides tax breaks for those who are pursuing higher education. Section 80E of the Income Tax Act is in fact a boon for students who wish to undertake graduation and post graduation courses in various educational fields. Rising cost of education has forced most students to take loans to pursue their dreams. Section 80E, thus, ensures that any interest paid on these educational loans is exempt from incom...

Be it an MBA degree from a foreign university or admission in a local medical college, the cost of education has risen drastically over the years. If you are planning to give your child quality education it's time you plan for it and start early since the power of compounding then works in your favour. Before deciding the investment portfolio make a market search and enquire from friends and colleagues who would have invested for their children. Children's education is one of the most certain needs, which can neither be postponed nor compromised. The escalating cost of education and protection of the portfolio needs to be considered while planning your investment. What to include If you are a conservative investor, go for a traditional insurance product and a mutual fund SIP (systematic investment plan). Look at MFs where there is an insurance on SIPs. These kind of products are available in the market now and helps the investment continue even in case of an unfortunate event l...