EduFund: Best Investment App in India

Education is an unavoidable expense in the life of every parent. Indian parents financially support their children till the age of 21 years. They spend over Rs. 35 lakhs to 50 lakhs on their child’s schooling, daily expenses, clothes, travel and college. Out of all these expenses, the cost of education is the most substantial. Tuition fees in India are rising at an unprecedented rate of 10% due to the Education Inflation.

To ensure your child has access to quality education, EduFund (India’s first savings and investment advisory platform for education), helps Indian parents prioritise planning and investing for their child’s long-term and short-term education goals.

With over 200,000 downloads, EduFund empowers Indian parents to plan, save and invest for their child’s education costs while protecting their savings from inflation and rupee depreciation.

Who started it all?

EduFund was born out a profound need; a need to educate and enable Indian parents to save smartly for their child’s education. Only 3% of Indian parents invest in stock market; a majority of them pool their money in traditional investments like fixed deposits, bank savings account or postal service schemes.

With an aim to revitalise the Indian investment sphere, the idea of EduFund was started by Eela Dubey and Arindam Sengupta. Read more about our Founders.

Eela Dubey, CEO, Co-Founder

Eela aims to revolutionise ed-fintech by bringing quality education to every child and holistic financial guidance for every parent. After completing her undergraduate degree from New York University, where she studied political science and French, she began her career working in the finance industry, wherein she acquired a robust understanding of the world of investments and business. It was her personal experience, along with her background in finance, that drove her to start EduFund. Her vision is to have EduFund become a household name in education planning.

1. Alumni: New York University, Columbia University
2. Work Experience: Stakeholder Forum, Quest Partners, US Freedom Capital

Arindam Sengupta, CIO, Co-Founder

Arindam Sengupta is a dynamic businessperson with over 15+ years of experience in asset management. His entrepreneurial spirit is a result of his desire to empower Indian parents and transform the academic system to facilitate equal higher education opportunities for all students. He completed his bachelor’s in mathematics from Indiana University and his master’s in finance from Princeton University. Arindam’s deep understanding of the financial liabilities of higher studies led to him building EduFund as a one-stop solution for the educational needs of all geographies.

1. Alumni: Indiana University, Princeton University
2. Work Experience: Citadel, Reliance, US Freedom Capital, My Global Citizenship

By downloading the EduFund App!

EduFund is a parent’s pocket-friendly savings buddy. It helps you pay for all your child’s education needs without hurting your pocket and by offering:

1. The College Cost Calculator to find out the future cost of education, top universities and their projected tuition fees, living costs and the list of best universities in a specific course
2. Customised saving plans for your long-term and short-term education needs. You can save for your child’s college fees and their short-term goals like new laptop, phone or uniform
3. 4000+ mutual fund plans from experts like ICICI, DSP Mutual Funds, TATA, UTI, Aditya Life Insurance. You can compare different funds and place an SIP or lumpsum order on the App
4. Invest in top US ETFs and leading US companies like Alphabet, Meta, Amazon, and Tesla.
5. Access to Education Counsellors from The Red Pen, Collegify and in-house Savings Experts
6. Education loans from Axis Bank, MPOWER Financing, PRODIGY Finance, Axis Bank, ICICI Bank, Avanse, and HDFC Credila.
7. Various different scholarship programs worth 5 Cr for students from all walks of life.

An Opportunity to Learn While You Save on the EduFund App

EduFund empowers parents holistically. It provides free learning resources like blogs, videos, quizzes, stories to help parents take charge of their savings and investment plans. You can explore:

1. Our Learn section to know more about the basics of finance
2. Play fun quizzes to test your financial learning
3. Read up insightful blogs about education savings
4. Watch engaging videos on how to save and invest

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Win Rewards While You Learn

1. Earn reward points by regularly engaging with the app
2. Refer your friends and earn rewards

You can cash in your reward points for a FREE consultation or to buy digital gold!

EduFund College Cost Calculator is India’s first college cost calculator that can tell you the future cost of education including tuition fees, living expenses and cost after availing various scholarships.

Here’s how easy it is to use the College Cost Calculator:

1. Visit the WebApp for EduFund
2. Select your child’s age when they would be ready for college
3. Select the course your child wants to do
4. Select the country your child wants to study in
5. Select the global ranking of the interested colleges
6. Select the location you would prefer for the college

In 5 seconds, you can find out your child’s education cost + a list of prospective colleges + scholarship options + best saving plans!

Mutual Funds

EduFund App has over 4000+ mutual funds from leading AMCs in India such as DSP mutual fund, ICICI mutual fund, UTI mutual fund, HDFC Mutual Fund, Aditya Birla Sun Life Mutual Fund, White Oak Mutual Fund, Tata Mutual Fund.

Users can explore class-wise & risk-wise saving plans

Saving plans called EduCases curated and monitored by financial experts.

US Market

With EduFund, you can set up an US trading account from India and start investing in US companies you always dreamt of with the help of US ETF and US Stocks.

From top companies like Alphabet, Meta, Amazon, Tesla to a cluster of US-based companies via best performing US ETF, Indian investors can diversify and globalise their child’s education savings for their foreign dreams.

Education Loans

Education loan is an integral part of financing your child’s education dreams. Parents whose children are closer to college can explore multiple education loan providers on the App such as -

1. ICICI Bank
2. Prodigy Finance
3. Axis Bank
4. MPower Financing
5. HDFC Credila
6. Avanse Financial Services

Check your education loan eligibility and start the process right away!

Why apply for Education Loans with EduFund?

EduFund offers a seamless application process with zero hidden charges, absolutely free service and faster approvals. Get higher amount with lower interest rates and no collateral needed for loans up to Rs. 75 Lakhs.

How EduFund student loans work?

1. Check your loan eligibility
2. Complete loan application with our loan partners
3. Compare different loan offers
4. Choose the one that gives you the best term

Digital Gold

EduFund App has partnered with Augmont Goldtech to help Indian parents diversify their portfolios. It can be an opportunity to safely buy and sell Digital Gold starting at just Rs. 10!
Here are some benefits of investing in Digital Gold in the modernized world:

1. Purchase gold for as low as ₹10
2. Liquidate and get money in less than 48 hours
3. Store in a secured lockers with no additional cost
4. Zero making charges
5. Balance portfolio to reduce risk concentration
6. It is the fastest way to purchase gold and sell gold.
7. No fear of theft or impurity

World-Class Education Counsellors

Top education counsellors from The Red Pen, Collegify, OnCourse Global, Overseas Education Consultancy, Zsoldos Coaching, Career Guidance and many more.

1. Get help to ace the admission test
2. Get tips to score well in IELTS, TOEFL, etc.
3. Help in narrowing down the best-fit college

1. We have helped over 18K parents
2. 2 Lakhs+ app installs
3. 25K+ accounts opened on the EduFund App
4. Generated Rs 60+ Cr AUM
5. Booked 500+ free counselling sessions
6. 100+ counselling conversions
7. A social family of 15K+ followers

Love from Media

EduFund has been featured in leading media outlets like Forbes, MoneyControl, Live Mint, HerStory, SME Street, Aljazeera and many more!

We are excited to launch the third pillar of financing education – EduFund Scholarship Program.
One of the largest scholarship programs to help Indian parents and kids reach greater heights.
EduFund Scholarship Program worth 5 Cr*

Eligibility Criteria

Open to students from all backgrounds

How to Apply?

Apply for EduFund's Scholarship Program in just 5 steps:

1. Visit our EduFund website
2. Click on the Scholarship tab
3. Explore the different scholarships and check the eligibility
4. Fill out your personal details and upload the documents
5. Hit ‘Submit’ and track your application online.

Look out for scholarships that suit your need on the basis of your course, school, university, country.

The EduFund Scholarship Program is set to provide a platform for students to explore scholarships from different sponsors.

EduFund helps in promoting different scholarships to the right target group to maximise the reach of the scholarship, to application handing to sorting and segregation, due diligence and finally, the awarding of the scholarship.

How can EduFund help your scholarship?

1. Maximise your reach: You have a ready-made tech platform to reach out to the right applicants.
2. Promote your scholarships across platforms: Edufund has links with the best education institutions where you can get the best students applying for your scholarships programs if they are internship based.
3. Quality applications: Edufund will process all applications. The internal team will scrutinise and do the due diligence and give you the closest match to your Scholarship eligibility criteria.
4. Internal follow-up: Edufund will help follow up on the progress of the students post scholarship. Ensure scholarships are meted out completely and funds are not carried over/ Ensure scholarship seats don’t remain vacant in your institution
5. Complete transparency: The scholarship amount goes from an escrow account directly to the student’s account with complete transparency for both parties.

*Disclaimer: We are launching multiple scholarships worth up to 5 Crores for students from different backgrounds. The scholarship page will go live on 14th February 2023.

1. What is EduFund and how can it help me?

EduFund is an Indian savings and advisory application that helps Indian parents plan, save and invest for their child’s education. It allows you to customise your financial goals, calculate the future cost of education using the College Cost Calculator and start an investment based on the findings.

It is a parent-friendly app that prepares Indians to invest for education in light of rising education inflation.

2. How can I download the EduFund App?

You can download the App on Android and iPhone devices. Head over to Google Play and App Store, type in EduFund and download the App in seconds.

3. How can I start investing with EduFund?

Investing with EduFund is easy. All you need is a PAN card, Aadhar Card and a Bank Account to set up an investment account on the App. You can choose from over 4000+ mutual funds and invest in Digital Gold.

To invest in US market, you need to set up an US account.

4. Who started EduFund?

EduFund was started by Eela Dubey and Arindam Sengupta to help Indian parents save smartly and pay for all their child’s education needs without any financial stress.

5. What are the products and services offered by EduFund?

Here are a list of products and services offered by EduFund:

1. 4000+ Mutual Funds to invest
2. US ETFs and stocks
3. Digital Gold
4. Easy and low- interest education loans
5. Scholarships for financing your child’s education
6. Consultation services from Market Experts to create a customised child’s education fund
7. Education counsellors to plan your child’s college

6. How do I track my investments on the EduFund App?

You can track your investments right on the App. Go to Home –> Your child’s education plan

7. School fees are becoming costly. Should we consider saving for such costs too?

A study suggested that between 2012 and 2020, the cost of education rose by 10%, while the cost of food and healthcare increased by only 9.62% and 8%, respectively. The statistics emphasise the importance of investing in your child's education.

8. How can I apply for education loans with EduFund?

Visit the EduFund App, click on Education Loans, fill out the eligibility criteria and we will get in touch with you to help you with the process without any additional costs.

9. What are the different mutual funds available on the App?

EduFund App offers over 4000+ mutual funds from leading AMCs in India such as DSP mutual fund, ICICI mutual fund, UTI mutual fund, HDFC Mutual Fund, Aditya Birla Sun Life Mutual Fund, White Oak Mutual Fund, Tata Mutual Fund.

Users can explore class-wise & risk-wise saving plans

Saving plans called EduCases curated and monitored by financial experts

10. Can I invest in US market using the App?

Yes, you can set up a US account and invest in US ETFs and US stocks.

11. How to apply for scholarships on the EduFund site?

Here is a step-wise guide on how to apply for scholarships on the EduFund website:

1. Visit our EduFund website
2. Click on the Scholarship tab
3. Explore the different scholarships and check the eligibility
4. Fill out your personal details and upload the documents
5. Hit ‘Submit’ and track your application online.

12. What is the amount of the scholarship?

Each scholarship offers different rewards for applicants. You can explore different scholarships and apply for scholarships that you are eligible.

13. Why should you choose EduFund for applying to scholarships?

EduFund offers complete transparency for sponsors and students. It helps match the best scholarships to the right applicants without any hassle.

14. When is the scholarship program launching?

The EduFund scholarship program will be available from 14th February 2023 on the webapp. Here is the link.

15. How can I apply for different scholarships on the EduFund website?

To apply for different scholarships on the EduFund, you need to first check the eligibility criteria for the scholarship, fill out the form and hit submit.

16. Who can apply for these scholarships?

Scholarships on the EduFund website are available to students from all age groups and different backgrounds. Depending upon the eligibility criteria, students can apply for the given scholarships.

17. What is the selection process for the scholarships?

The selection process differs based on the given scholarship. Please read all the information before applying for any scholarship.

18. What are the expenses covered by a scholarship?

Scholarships cover a range of expenses. From tuition fees to flights, study material, transportation and may offer a stipend to the students to manage daily expenses and living cost in a country.