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20 Small Business Ideas for Students

Shitanshu Kapadia
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20 Small Business Ideas for Students

business ideas for studentsBusiness Ideas for Students – Everyone knows that college students struggle a lot to get a good job. Unemployment and joblessness are very common today. To overcome this type of situation it is always recommended to start a business at student age either in school or college. Starting a business at student age have many advantages. It will help you to limit your debt liability (Student Loan) as well as help you to handle other financial obligations. You can get exposure to the business at an earlier age which will help you to start something big at a later stage of your life.

If you are a student and searching for the best small business ideas with low investment, you are at right place. In this post, I will share 20 Small Business Ideas for Students that can be started with zero or low investment. You need to select an idea in a manner so that It will not affect your study time.

Also Read – 50 Best Small Business Ideas for 2019

20 Small Business Ideas for Students

Online Business Ideas for Students

#1 Blogger

First online business idea for the student is blogging. Blogging is a very good business option. In blogging, you need to start a blog in a specific niche of your knowledge. Few popular niches are finance, traveling, technology, etc. Once your blog gets popular and generates traffic you can earn money from direct advertisement. I know many student bloggers who are earning very good monthly income by blogging.

#2 Virtual Assistant

Becoming a virtual assistant is next in the list of business ideas for students. It is a completely online business where you need to login to various websites such as Amazon Mturk, Fiverr to get a job as a virtual assistant. You need to complete various tasks such as typing letters, replying emails, scheduling meeting, etc. You will be paid fixed money for the tasks based on hours.

#3 YouTube Personality

Next business idea for the student is becoming a YouTube Personality. If you are young, dynamic and talented you can become YouTube Celebrity. In this business, you need to start your YouTube Channel on a specific subject such as movies, gossip, news, comedy, etc. You need to post creative videos on this channel. You will need high-quality camcorder for this. Once your YouTube channel becomes popular you can apply for the YouTube Channel Partner program. This program will help you in earning money by showing advertisement on uploaded videos.

#4 E-book Author

The task of e-book author is to write a book and sell it online on Amazon or eBay. If you have writing skills and command over English this idea is for you. In this business, you need to write e-books on various topics as per your area of interest. You can also make a course book. You need to work hard on promoting your e-books. You can earn a lot of money from this business.

#5 Paid Survey

Paid survey is a task where you need to provide your opinion on various products and services online. There are many companies looking for genuine feedback about their product and services. They are ready to spend money on this. To start this business, you need to login to various survey website such as SwagBucks, SurveySavvy etc. You can earn a decent income with this idea.

#6 PTC (Pay to Click) Ads

PTC (Pay to Click) is a new profession where you can earn money by viewing or clicking an advertisement. There are many legitimate PTC websites offering these services. You need to register on the website and start working. You can spend one or two hours daily on PTC jobs and earn reasonable money.

#7 Affiliate Marketing

Affiliate Marketing is next in the list of best business ideas for students. Affiliate marketing means selling or promoting product or services of your associate companies and helping them to increase the sale. You will be paid commission for every sell. Most of the companies offer this type of program. Once you register as an affiliate you will get link and promotion material. You can share this material on Facebook, WhatsApp or via e-mail marketing and earn money.

#8 Freelancer

Freelancing is a business which demands specific skills. Some examples are website designing, graphic designing, software development, mobile app development, SEO etc. If you have knowledge and expertise in student age you can start this business. This business demand timely delivery of the project. Few website offering freelancer jobs are UpWork, Murk etc.

#9 Buying & Selling Things Online

One of the simplest forms of business for the student is buying and selling things online. You can either sell surplus products which you have or you can buy things from others at a low price and sell it online at a higher price. Make sure to select things carefully. This is to avoid physical inventory.

#10 Digital Marketing

Digital marketing is a new career option. Most of the company are looking for an online expert who can help them in marketing their products. Digital marketing includes multiple things such as search engine marketing, social media marketing, content marketing, email marketing etc. It is recommended to go through the digital marketing course before starting this business.

Also Read – Top 10 New Business Ideas for 2019

Offline & Part Time Business Ideas for Students

#11 Home Tuition

The first offline business idea for a student is Home Tuition. If you are a college student with good academic and interested to teach children, you can start home tuition business. In this business, you need to give tuition to small students at their home. You can give this tuition in part-time and earn money.

#12 Computer Repair

The second business idea is computer repair business. This idea requires knowledge of computer hardware. It is advisable to go through IT course such as Jetking or ITI before starting this business. You may plan to start an online website for getting good business. Initially, you can do service call later stage you can plan to sell IT hardware also.

#13 DJ Services

DJ Services is a very popular business idea for students. If you are a music lover with full of creativity you can think of starting DJ services business. You need to invest money on CD Player, Turnable, Mixtures, and speaker to start this business.

#14 Computer Training

Next Business idea for the student is computer Training. Basic Computer Knowledge is becoming mandatory in every field. If you are a college student with IT skills and knowledge about computer, you can start a computer training business. You can start this business from home also. You need a few old computers to start with.

#15 Insurance Agency

Insurance Agency is one of the best part-time business ideas for the student. In this business, you need to sell insurance policies. You will earn commission on every policy. You should have good communication skill and convincing power to become successful in this business.

#16 MLM Network Marketing

MLM or Network Marketing business is next in the list of best business ideas for students. You need to work hard to get success in this business. In this business, you need to sell the product and services of an associated company. You will get commission income from your sale as well as from your team.

#17 Local Tour Guide

A Local tour guide is location specific business. If you are living or studying at the travel location this business is for you. In this business, you need to act as travel guide. You should be aware of geographical location and history about space to become local tour guide.

#18 Account & Record Keeping

Account & Record keeping is another very good business idea. If you have knowledge and expertise about finance software you can start account and recordkeeping business. In this business, you need to keep records of all financial business transactions. You can get fixed money for this. You may require special training before starting this business.

#19 House Cleaning Services

Cleaning service at home is another very good business option. This business requires management of unskilled manpower. If you have expertise in manpower and contract management, you can start this business. You will need cleaning kit and vacuum cleaner for starting this business.

#20 Home Repair Services

Another business idea related to house is home repairing services. Every house demand repairing, thus starting house repairing could be very good business option. You need to mange team expert in various area such as civil, plumbing, electrical etc.

Takeaway

As you can see there are many business opportunities for college students. You should select a business opportunity based on your expertise and skill set. In addition to skillset, you should also look at the daily time required by this business. Make sure that your business should become a hurdle in your study.

Top 10 Highly Rated Direct Mutual Funds by Value Research Online

Shitanshu Kapadia
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Top 10 Highly Rated Direct Mutual Funds by Value Research Online

Value Research online is an online website that offers unbiased investment advice, analysis and information about Mutual Funds, Stocks and fixed income investment options. Value Research online make use of sources such as expert opinion, fact sheet, and data available online. They study portfolio of Mutual Funds, check credentials of fund manager and history of the fund house before recommending mutual funds.

Value Research Online is popular for providing performance ranking to mutual funds. The rating provided by Value Research Online is also known as VRO Star Rating. In addition to star rating Value Research Online also provide risk grade and return grade. Highest rating given by value research is five stars. A five-star rating is given to mutual funds only when a team of value research is highly satisfied with fund performance & fund is likely to deliver better returns in the future. This is the primary reason people invest in five-star funds.

There are multiple types of mutual funds such as regular growth, regular dividend, ELSS, ETF, Direct Growth, Direct Dividend, and NFO. If you are Do Yourself Investor (DIY) and looking for a good fund for the investment you should look at Five Star rated Direct Mutual Funds by Value Research Online.

Also Read – Best Mutual Funds for Child Education in 2019

Direct Mutual Funds by Value Research Online

Large Cap Funds

#1 Axis Blue Chip Fund – Direct Growth

Fund Objective – The primary objective of this fund is to generate long term capital growth by investing in a diversified portfolio consisting of equity and equity related instruments of large-cap companies.

Why to Invest – Historically Axis Blue Chip Fund Direct Growth plan has given very good returns to the investor in the past. In the last five years, this fund has generated 15.68% returns. The expense ratio of this fund is very low. It is five star rated fund by VRO. Risk grade of this fund is low and Return grade is above average.

#2 ICICI Prudential Blue-Chip Fund – Direct Plan

Fund Objective – This fund aims to generate long term capital appreciation and income distribution to investors from a portfolio. This fund invests in equity and equity related instrument from large cap segment.

Why to Invest – ICICI Prudential Blue-Chip Fund has historically generated very good returns for the investors. Last five year returns of this fund is 15.39%. This fund is managed by an experienced fund manager. Risk grade of this fund is low & Return grade is above average.

Mid Cap Funds

#3 Kotak Emerging Equity Fund

Fund Objective – The scheme seeks to generate long-term capital appreciation from a portfolio of equity and equity-related securities, by investing predominantly in mid companies.

Why to Invest – Kotak Emerging Equity Fund has generated 19.07% return since launch. In last five years this fund has generated 23.86% returns (As on April 2019). The expense ratio of this fund is very low. Risk grade of this fund is below average and return grade is high. It is five star rated fund by value research online.

#4 L&T Mid Cap Fund – Direct Plan

Fund Objective – This fund generates capital appreciation by investing in mid cap stocks. The scheme invests in companies whose market capitalization between a highest and lowest constituent of Nifty Float Midcap 100 Index.

Why to Invest – This fund is managed by an experienced fund manager. The expense ratio of this fund is low. This fund has given very good return since last few years. Risk Grade of this fund is below average whereas Return grade is high. It is five star rated fund by the value research team.

Small Cap Funds

#5 HDFC Small Cap Fund – Direct Plan

Fund Objective – This fund aims to generate long term capital appreciation by investing in small cap companies.

Why to Invest – HDFC Small Cap Fund is five star rated fund. This fund is managed by highly reputed company. This fund has given very good returns to investors in the past. Risk grade of this fund is below average and return grade is above average.

Also Read –Top 20 Best Mutual Funds SIP to invest in India for 2019

#6 SBI Small Cap Fund – Direct Plan

Fund Objective – This fund invests mainly in a well-diversified basket of equity stocks of small cap companies with an aim to provide long term growth in capital.

Why to Invest – SBI Small Cap Fund is one of the highest return generating fund. This fund has generated 26.53% return since launch. It is five star rated fund. Risk grade of this fund is average and Return grade is high.

Multi Cap Funds

#7 Aditya Birla Sun Life Equity Fund – Direct Plan

Fund Objective – This fund aims to generate capital appreciation and regular income via 90% of investment in equities and 10% in debt and money market securities.

Why to Invest – This fund has generated very good returns in the past. The portfolio of this fund consists of various blue-chip stocks. It is managed by experienced fund manager. Risk grade of this fund is below average and Return grade is high.

#8 Axis Focused 25 Fund – Direct Plan

Fund Objective – This scheme seek to generate long term capital generation by investing in a concentrated portfolio of equity and equity related instruments up to 25 companies.

Why to Invest – Axis Focused 25 Fund is five star rated fund. This fund has generated magnificent returns to the investor in past. The expense ratio of this fund is very low. Top holding of this fund is blue chip companies. Risk grade of this fund is average and Return grade is above average.

ELSS Funds

#9 Aditya Birla Sun Life Tax Relief 96 – Direct Plan

Fund Objective – The scheme seeks long term capital growth and invest approximately 80% of its asset in equity, while the balance would be invested in debt.  

Why to Invest – Aditya Birla Sun Life Tax Relief 96 is five star rated ELSS fund. This fund is managed by experience fund manager. This fund has generated very good returns in the past. Risk grade of this fund is below average and Return grade is high.

#10 Mirae Asset Tax Saver Fund

Fund Objective – This fund aims to generate long term capital appreciation from a diversified portfolio of equity and equity related instruments.

Why to Invest – Mirae Asset Tax Saver Fund is one of the best funds with five star rating. This fund is a newly launched fund. However, this fund could generate 23.74% return in last three years. The expense ratio of this fund is low. This fund holds very good stocks. Risk grade of this fund is low & Return grade is high.

Summary of Top 10 Highly Rated Direct Mutual Funds for Value Research Online

value research online direct mutual funds

Over to you

Do you hold any of the Mutual funds given above?

What is your take on above Direct Mutual Funds?

Do share your views and queries in the comment section.

Personal Loan Tax Benefit Conditions

Shitanshu Kapadia
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Personal Loan Tax Benefit Conditions

personal loan tax benefit

An instant personal loan is among one of the easiest finance options. All your dreams can be fulfilled by taking an Instant personal loan. You can use a personal loan for any requirement such as higher education, medical expenses, family holiday, job loss, wedding expense, unfavorable event etc. A personal loan is also known as an unsecured loan. No collateral is required to avail the personal loan. As it is unsecured loan it is offered at higher interest rates. An instant personal loan is very popular as it is easy to avail and comes with fewer restrictions.

Indian Income Tax Act allows various tax exemptions and deduction on interest payment for loan such as home loan, education loan etc. In case of personal loan tax deduction or exemption are allowed in certain conditions. In this post, we will be discussing personal loan tax benefit conditions.

Also Read – 10 Best Instant Personal Loan Apps for Quick Cash Requirement

Personal Loan Amount and Tax

The personal Loan amount is not taxable. This means that the loan amount given to you by bank or NBFC is not considered as a part of your income when you are filing income tax returns. You need not to pay any income tax on the personal loan amount. However, the loan should be taken from valid sources such as a bank, financial institution. A loan taken from relative might be considered a part of your income.

Personal Loan Tax Benefit Conditions

Personal Loan also comes with tax benefits provided it is used of a specific purpose. Only interest payment is allowed for the income tax deduction. The conditions under which deduction is allowed are given below.

#1 Amount Used for Business Purpose

If the personal loan amount is used for the business expansion or business purpose, the borrower can avail tax benefits on the interest paid. The amount paid as an interest component in the loan can be deducted from the profit before calculating the tax liability. This deduction will reduce the next taxable profit of the business and thus reducing tax liability. No maximum limit is applicable for the interest amount which can be claimed for a tax deduction.

#2 Amount Used for Purchase/Construction of Real Estate Property

If you use a personal loan for construction or purchase or real estate property you can avail tax deduction under section 24. The maximum amount allowed under this case would be 2 Lakh for self-occupied property. In order to claim this deduction, you need to submit a certificate which is issued from the borrower’s bank which certifies that amount taken as a loan is used for purchase/construction of real estate property.

#3 Amount used for the purchase of any other assets

If you use a personal loan for the purchase of any other assets such as shares, jewellery, non-residential property you can not directly avail tax benefits on interest paid. However, Interest expenses get added to the cost of purchase of an asset. Whenever these assets are sold you can get an advantage of capital gains. This means your tax liability will be reduced in the year of sale of the asset.

personal loan tax benefit

Important Points about Personal Loan Tax Benefits

Few important points to consider while taking personal loan are given below.

  • The amount received from Personal Loan is not taxable in nature. You need not to consider this amount as your income while calculating income tax.
  • Only interest amount of payment can be claimed for tax deduction under various conditions mentioned above. You cannot claim the principal component for the tax deduction.
  • You are required to submit necessary proof to income tax authority about the usage of personal loan. You can avail such certificate from the bank or from auditors.
  • If you want to claim ax benefit on a personal loan, you are required to keep a copy of all important documents such as sanction letter, expense statement, auditor’s report etc.

10 Best Mutual Fund Mobile Apps for Investment & Portfolio Tracking

Shitanshu Kapadia
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0
10 Best Mutual Fund Mobile Apps for Investment & Portfolio Tracking

Mutual Fund Mobile Apps – Mutual Fund is one of the best investment options for the long-term. You can invest in a mutual fund directly or via distributor/agent. In order to improve services and investor experience, most of the mutual fund houses have launched online portal and mobile apps.

You can use Mutual Fund Mobile Apps for investing in the mutual funds on the go. You can even track your mutual fund portfolio using these apps. There are multiple mutual fund mobile apps available in the market. In this post, I will share detail about 10 Best Mutual Fund Mobile Apps. These apps will help you to invest and track your mutual fund portfolio on move.

mutual fund apps

10 Best Mutual Fund Mobile Apps

Here is the list of Best Mutual Fund Mobile Apps along with key features. Make sure to compare all features before selecting the best mutual fund mobile app.

#1 myCAMS Mutual Fund App

The first mutual fund mobile app in the list is myCAMS. Key Features of myCAMS Mutual Fund app is given below.

  • You can invest and track multiple mutual funds using myCAMS app.
  • This app is easy to use and operated from MPIN.
  • You can invest in mutual funds via SIP, lump sum and NFO.
  • You can set my watch list to monitor your investments.
  • App provides schedule transaction option for setting up future transactions.
  • You can view PAN level portfolio.
  • KYC update and Aadhaar based eKYC on the move.
  • You can redeem or switch funds using this app.
  • Two-factor authentication for enhanced security.

The only drawback of this app is it does not support some leading mutual funds AMC like Franklin India, Reliance Mutual Fund etc. You can download this app from Google Play.

#2 Coin by Zerodha

Coin by Zerodha is next in the list of best mutual fund apps. It is commission free direct mutual fund investment platform. All investment done via Coin Zerodha is completely free. Key Features of Coin by Zerodha are given below.

  • You can have a single unified portfolio view for all direct mutual funds, ETF, stocks and bonds.
  • Coin provides detail about Annualized (XIRR) and absolute returns.
  • It supports UPI payment for SIP.
  • Coin offers Single capital gain statement, P&L visualizations.
  • You can create, pause, and modify your SIPs anytime with click of a button.
  • It provides a clean and simple user interface.

Coin is free investment platform and offer facility to invest in direct mutual fund. You should try Coin for Mutual Fund Investment. You can directly download Coin from App store.

#3 Groww

Groww is one of the best mutual fund mobile apps. You can invest in direct mutual funds with zero commission using Groww. Key features of Groww are given below.

  • Dashboard for tracking all your investments.
  • Calculate returns through mutual fund SIP calculator.
  • Mutual fund recommendation by experts.
  • Facility of switching to direct mutual funds for free.
  • Buy and sell mutual funds with few clicks of a button.
  • One time KYC facility within the app.

Groww app is becoming popular for the mutual fund investment and tracking. You can download Groww App from App Store.

#4 Paytm Money

Paytm Money is the latest app for mutual fund investment. Paytm App eliminates a need for physical paperwork. Key Features of Paytm Money are given below.

  • You can open your investment account online with full digital KYC within 30 minutes.
  • Track and manage your portfolio with real-time updates.
  • Watch list facility and bookmark facility for the mutual funds.
  • Returns calculator for amount and time horizon.
  • Anytime statement for free.
  • Zero commission and Zero transaction charges.
  • You can import your existing mutual fund investments.

Paytm Money app is getting popular due to the facility of investing via UPI. You can download this app from App Store.

#5 Scripbox

Scripbox is easy to use a mutual fund investment mobile app. Scripbox app is complete financial planning tool. Key features of Scripbox are given below.

  • You can invest in the mutual funds via Scripbox.
  • You can track your investments using this app.
  • There are multiple calculators available in this app.
  • You can get complete wealth check-up using this app.

You can download Scripbox from the App Store.

#6 KTrack

Another best mutual fund app is KTrack by Karvy. Key Features of KTrack Mutual Fund App are given below.

  • KTrack allows you to generate reports automatically on screen.
  • You can get account information, portfolio, and common account statement and last five transaction details.
  • You can get a graphical view of portfolio composition.
  • You can purchase, redeem, switch and set SIP as per your requirement.
  • You can also avail other services like miss call service, Easy SMS service.

Overall KTrack is very good mutual fund app for both investor and distributor.

#7 SBI InvesTap

SBI InvesTap is an app for investing and tracking SBI based mutual funds. Key features of SBI InvesTap are given below.

  • Quick and secure login using MPIN or OTP.
  • Invest and set SIP in all SBI MF on the go.
  • Multiple Investment options including net banking, debit card, UPI account and onetime mandate.
  • SIP Calculator for estimating future returns on specific schemes.
  • Access to NAV and graph up to last five years.
  • You can get real-time alerts and notifications for tracking NAV.
  • You can get an option for scheduling your transaction.

Overall it is a good App for making investments in SBI based mutual funds.

#8 FundsIndia

FundsIndia is one of the best mutual fund app. FundsIndia mobile app allows you to invest in mutual funds and equities. The key features of FundsIndia Mobile App are given below.

  • Sign up for SIP and Invest instantly using Aadhaar Number.
  • Option to get investment recommendations for goals from robo advisor – Money Mitra.
  • Get access to all the investment portfolios in your FundsIndia account.
  • You can read the latest investment news and recommendations from FundsIndia’s experts.
  • You can monitor and track your fund performance.

FundsIndia app allows you to invest in almost all mutual funds. It is one of the best apps for the investor with FundsIndia account.

#9 ETMoney

ETMoney is complete financial planning app. Apart from mutual funds you can use this app for expense tracking, money management, instant personal loan etc. Key Features of this app are given below.

  • Track & Manage your expenses, existing SIPs & mutual funds portfolio.
  • Invest in Direct Mutual Funds via Lumpsum & SIPs at 0% commission.
  • Automate Tax Saving by investing in ELSS.
  • Borrow money via Instant personal loans.
  • Expense tracking & Monitoring

It is three in one app for investment, loans and expense management. You should use ETMoney for investment and spend management.

#10 fisdom

fisdom is one of the best mutual funds mobile app. Key features of fisdom app are given below.

  • Invest in mutual funds directly on the move.
  • Track and monitor returns of your investment in real time.
  • Withdraw your investment anytime using fisdom.
  • You can also use this app for KYC.

#11 Millions

Millions is one of those websites you discover when you’re trying to understand money without getting hit with fifty tabs, complicated charts and words nobody uses in real life.

Instead of making finance feel like homework, Millions focuses on making it feel understandable. Whether you’re trying to calculate your FIRE number, compare SIP strategies or simply figure out where your money is going, the platform keeps things refreshingly simple.

Key Features of Millions are given below:

  • Access calculators for SIPs, Step-Up SIPs, FIRE, budgeting and more.
  • Find information about mutual funds in an easy to read format.
  • Discover personal finance concepts without deciphering complex jargon
  • Read practical investing guides, tips and ideas for creating wealth and financial planning.
  • Include money planning tools that will link money goals to real-life choices
  • Have a clean and clutter-free experience without being overwhelmed by information.

Millions is not about making you a stock market wizard in a matter of one night.

It’s just a way to get a better handle on your money.

And honestly?

In a world where everyone is pretending they have their finances sorted, that’s a pretty solid place to start.

Over to you –

I am sure that, these mutual funds mobile apps will help you to invest and track mutual fund portfolio from a single location.  You need not log in at multiple platforms for investing and tracking mutual fund investments.

Select the Best Mutual Fund Mobile App, download it from Google Play or Apple Store and start investing and tracking your portfolio.

A few additional mutual funds apps that you can evaluate are WealthTrust, Piggy, Investica, Angel Bee, Fund Easy and Asset Plus.

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