Besides diversified equity mutual funds, parent with young kids can also consider investing in emerging avenues such as direct investments in overseas equities and ETFs to take care of the exchange rate risk. Likewise, they can invest in international mutual funds offered by Indian asset management companies. Moneycontrol spoke to Eela Dubey, Co-founder of Edufund, an advisory firm that provides education and loan counselling besides advice on investing for children’s education overseas.