From 1st of January 2013, all fund houses have introduced Mutual Funds Direct Plan. This powers the investor to directly invest in funds by bypassing intermediaries like advisers, banks and other financial institutions who promote mutual funds. By exercising this option, investor will get additional marginal growth on their portfolio over their conventional counterparts. The… Read More »
What is National Pension System (NPS) ? Government of India established Pension Fund Regulatory and Development Authority (PFRDA) by the year 2003 to promote old age income security. From 2004 it has been implemented to Government Employees. From 2009, National Pension System (NPS) has been extended to all eligible Indian Citizens Who Can Join? A… Read More »
The PFRDA managed NPS is best for less disciplined individuals who are very often tempted to short close their investment product for immediate expenses. Pension is the livelihood for many in the retired stage of life as it gives financial security to live a decent life. Every individual has to plan for retirement to enjoy… Read More »
Pension plans (also referred to as retirement plans) are offered by insurance companies to help individuals build a retirement corpus. On maturity this corpus is invested for generating a regular income stream, which is referred to as pension or annuity. Pension plans are distinct from life insurance plans, which are taken to cover risk in… Read More »
Hi over the period Ulips suffered big blow from many because of its misunderstanding as an investment vehicle.Most of them recommends a combination of Diversified equity mutual funds and Term Plan ahead of an Unit Linked Insurance Plan(ULIP). I still feel one time investment in a ULIP could score over a Term Plan+Mutual Fund Combination.Pls See… Read More »
Nowadays most of the articles, discussions happily compare ULIP with Mutual funds and suggest latter over the former. First one must understand that ULIPs are not an investment product. They are actually an insurance product. So it can only be compared with traditional Term insurance plans or endowment or money back insurance plans. Since the underlying assets… Read More »
ULIPs are nowadays mistaken as an investment tool. But its actualy a cheapest way to get huge insurance with comparatively little money and term which also give u good return on investment. Some products give u insurance even till 80 years of age. If u really need insurance and also returns u can bet on Ulips and if u… Read More »