Many retirees individuals are looking to invest in mutual funds these days. According to mutual fund companies and intermediaries, it is a testimony to the popularity of mutual funds. However, retirees should be a little careful and do their homework before getting into mutual funds. A little homework is...
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A Systematic Investment Plan refers to periodic investing in a mutual fund. Every month or every three months, the investor will have to commit to putting in a fixed amount. This will go towards the purchase of units. Let’s say that every month you commit to investing, say, Rs 1,000 in...
Mutual funds typically levy exit load to discourage investors from hopping in and out of schemes. Different mutual fund schemes have different periods in which they levy exit loads. The information would be available in the scheme information document or SID. Exit load is typically charged as a small...
Rishabh was filing his income tax returns for the first time on his own. He was thus confused about the treatment of his life insurance policies. He had a term insurance plan of Rs 1 crore for which he paid a premium of Rs 12,000 every year. Moreover, he had also...
sking to differentiate between a term plan and a life insurance plan is like asking to differentiate between a lipstick and a cosmetic. Can you tell me the difference? Well, your obvious answer would be that a lipstick is a type of cosmetic, correct? Similar holds true in case...
Life insurance is a safeguard against financial deficiency at the time of insured Individual’s death. Practically, life insurance grants you and your family the financial security. It also provides you assurance to deal with any unforeseen events. Life insurance is preferred according to the needs and goals of the...