(Product Requirements Document)

🔰  Problem Statement

Develop a new AI-driven feature for EduFund that enhances our service by providing actionable financial insights for better decision-making.

Key Elements to consider -

1. The EduFundX feature should be integrated into the existing app architecture seamlessly, without any fundamental changes to the system-level structures.
2. The feature should be targeted to drive maximum benefits in terms of increase in,
   1. [Engagement] EduGain ScoreCard Access Frequency, Update Frequency, User Interactions.
   2. [Utility] Investment Actions Initiated, Success Rate of Investment Suggestions, EduGain ScoreCard Sharing, Financial Planning Tool Usage.
   3. [User Satisfaction] User Ratings, Customer Satisfaction Scores, User Retention Rates, Referral Growth Rates.
3. The feature should be cross-platform, deployable on all Android, iOS and Web without any dependencies on specific devices or hardware.

🔰  Introduction

1. Offers an AI-driven mutual fund recommendations tailored for saving for children’s higher education and provides a comparison feature to guide parents in making well-informed investment choices.
2. A key feature state-of-the-art AI-generated Portfolio ScoreCard that evaluates investment performance across 20+ parameters and delivers a detailed analysis of investment health and tracks the child’s academic and extracurricular activities; helping parents manage both financial and educational goals.
3. The EduGain ScoreCard helps parents connect with education loan lenders and college counsellors using AI insights to facilitate the right financial and educational support for their child’s future.

🔰  Change History

🔰  Team Members Involved

🔰  Objectives

1. Provide AI-driven mutual fund recommendations for higher education savings.
2. Enable comparison of mutual funds to support investment decisions.
3. Generate a Portfolio ScoreCard with detailed investment performance analysis.
4. Connect parents with education loan lenders and college counsellors for support.