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Showing posts from July, 2023

SHOULD YOU OPT FOR INSURANCE COVERAGE WITH MUTUAL FUND INVESTMENTS?

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  Mrs. Sharma and her husband could buy their own dream home at a very young age because they started investing early in mutual funds right after starting their first job. Within six years of their job, they acquired a good amount of corpus together for the down payment of the booking price for the house. This is how the power of compounding does wonders in mutual fund investments. In today’s scenario, almost all of us are aware of mutual fund investments and their importance to achieve our financial goals over the long term. Also, how crucial are mutual fund investments in our lives to plan and invest to achieve a desired corpus in the future to achieve our financial goals and objectives, such as buying our dream car or dream home, planning an overseas vacation, our children’s higher education, starting a start-up, retirement funding, etc. Today, the only person who hasn't heard of mutual funds is someone who lives under a rock. We have been exposed to mutual funds since we were...

RIGHT FINANCIAL TOOLS FOR WEALTH CREATION: UNDERSTANDING ULIPS AND ENDOWMENT PLANS

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  In today’s scenario, everyone understands the importance of investing for the future. Everyone understands that it is necessary to build a comfortable corpus to meet our future financial goals and objectives. Among all the available investment tools in the market, insurance is one of the most important tools to plan for your future financial goals and objectives, as well as for protecting your family from any unexpected incidences and fulfilling their dreams and aspirations even in your absence. One might consider Unit-Linked Insurance Plans (ULIPs) or Endowment Plans to meet his or her financial goals. Both offer insurance coverage with added benefits. Let us understand how to choose the right plan as per your needs and goals. What is ULIP? The full form of ULIP is Unit Linked Insurance Plan. ULIP is an insurance plan that offers the dual benefits of insurance and investment. Insurance is to financially protect your family and investments to fulfill your long-term goals. A p...