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Mutual Funds

Mutual fund is a kind of investment that uses money from investors to invest in stocks, bonds or other types of investment. A fund manager (or “portfolio manager”) decides how to invest the money, and for this he is paid a fee, which comes from the money in the fund.

Mutual funds are usually “open ended”, meaning that new investors can join into the fund at any time. When this happens, new units, which are like shares, are given to the new investors.

There are thousands of different kinds of mutual funds, specializing in investing in different countries, different types of businesses, and different investment styles. There are even some funds that only invest in other funds.

Mutual funds are also benefit of tax saving under Income Tax Act.

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ULIPS

ULIP stands for unit linked insurance plans. ULIP is a combination of insurance and investment. Here policyholder can pay a premium monthly or annually. A small amount of the premium goes to secure life insurance and rest of the money is invested just like a mutual fund does. Policyholder goes on investing through the term of the policy – 5,10 or 15 years and accumulates the units. ULIP offers investors options that invest in equity and debt. An aggressive investor can pick equity oriented fund option whereas a conservative one can go with debt option.

ULIPS are also benefit of tax saving under Income Tax Act.

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Guaranteed Income Plans

Guaranteed income plans are life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death. These Plans are of long term having payment term of 7years to 15 years with insurance benefit & typical maturities are 10 years to 15 years or up to a certain age limit. These plans are gauranteed income without risk of share market. These plans are benefits for lifelong income without risk of share market ups & Downs. These plans are also benefit of tax saving under Income Tax Act.

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