Investment Plans are financial products that provide the opportunity to create wealth for future. Investment plans offer to help individuals in disciplined and periodic investment into different funds overtime so as to achieve their future financial goals.
As a parent, your kids are the most important part of your lives. Smallest of your happy moments depend on them. While trying to maintain a balance between emotions & practical life, managing spending and savings often becomes a tricky task.
The most popular tax-saving options available to individuals and HUFs in India are under Section 80C of the Income Tax Act. Section 80C includes various investments and expenses you can claim deductions on – up to the limit of Rs. 1.5 lakh in a financial year.
Pension plans or retirement plans are insurance + investment plans that help an individual create a corpus for their own future, over a period of time (policy term). On maturity (retirement), a third of the accumulated corpus can be withdrawn as a lump sum and the rest in parts in the form of a pension.
Investors want to secure their hard-earned money, but at the same time, they want their money to work for them and provide handsome returns.
Mutual funds give you the ability to easily invest in increasingly complicated financial markets. Mutual Funds could be Equity funds, Debt funds, floating rate debt or balanced funds. A large part of the success of mutual funds is also the advantages they offer in terms of diversification, professional management and liquidity.