How to Fund Your Child’s Education Using Mutual Funds

How to Fund Your Child’s Education Using Mutual Funds

If you are planning for a child’s future education, it is prudent to have a sizeable amount in the saving. Mutual funds can also be helpful for you in funding your child’s school or higher education costs. Invest in the mutual fund portfolio that covers the expenses, and at the same time, it should not be a burden on your monthly budget, says India Infoline. According to IIFL, you should take a few points in…

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Remittances To Students Abroad Hit Record High

Remittances To Students Abroad Hit Record High

Outward remittances to Indian students staying abroad under the Liberalised Remittance Scheme (LRS) touched a record high of $1 billion during July-February 2015-16, according to RBI data. LRS allows resident Indians to remit up to $250,000 per year for any permissible transaction without RBI approval. Further, remittances under LRS surged 188.6% in 2015-16 (till February) to $3.81 billion.

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