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How do Income Funds work? The Net Assets Value of  Income fund is calculated up to 4 decimal points. Income funds attempt to deliver returns both in declining and rising interest rate scenarios by active management of the portfolio. They may follow either of the two strategies: a.   Generate interest income by holding the instruments till maturity b.   Manage gains by selling them in the debt market if the price of the instrument goes up high. The fund manager aims to deliver higher returns which have higher stability by allocating towards debt and money market instruments which are investment grade and have relatively low levels of interest rate risk. Historically, income funds have found to generate higher returns than conventional bank fixed deposits. Unlike the lock-in period in an FD, income funds offer greater flexibility of redemption and withdrawal. Who should Invest in Income Fund? Income funds are best suited for those investors who wish...

The LIC new money back policy can be surrendered only after it accrues cash value after payment of 3 years of premiums. If policyholders stop paying the premium, the policy ceases to exist. Nevertheless, if premiums have been paid for three years, a paid up value is accrued for a reduced sum assured. However, the policyholder cannot avail of additions in the future. The LIC new money back policy can be revived under two years from the day of the unpaid premium. The revival of the policy will be effective after it is duly approved by LIC, which informs the policyholder. What’s more, policyholders can also take loan against the policy provided it has acquired a surrender value. Key Features and Highlights of LIC Moneyback 20 years Policy Death benefit: If the policyholder dies during the policy term, the nominee will get 10 times of annualized premium or 125% of the Basic Sum Assured, vested simple reversionary bonuses and final additional bonus. Also, the periodical sur...

  LIC Bima Bachat Plan is actually a single premium Money Back Plan . This is a non unit-linked insurance traditional plan where a certain amount of money is paid as pre-decided intervals. In this plan the premium is paid only once and 15% of the Sum Assured is paid after every 3 years and the entire Single Premium paid plus Loyalty Additions are paid on Maturity. However, if the Life Insured dies within the policy tenure, the entire Sum Assured is paid irrespective of the amount of money paid as Survival Benefit. Key Details Of The LIC New Bima Bachat Plan Want to know what you’re getting into with this insurance policy? After all, not every life insurance plan is synonymous with each other. Take a look at the features that this policy entails: 1. It is a single premium cash back plan, that is, the lump sum of money is invested in the policy in return for a death benefit. 2. The loyalty addition promised is payable upon maturation of policy or on earlier demise...

Just dial 9373284136, CFP certified financial planner, to know more #cfp   #certifiedfinancialplanner   #mywealthapp #mutualfundsagentinnagpur   #licagentinnagpur jayant@jayantharde.com www.jayantharde.com #gurukripainsuranceandinve stment

What is financial planning for children’s education?  If you don’t plan for children’s education, you could fall short of money. College fees and fees for vocational and professional courses are quite high these days. MBA and engineering studies are really expensive. The cost of foreign education is sky high. You definitely need financial planning for children’s education. 1.       Do you really need a child education plan? Take a look at these figures. Fees at top MBA colleges in India like the IIMs, XLRI, IIFT, NMIMS are around Rs 15 Lakhs and above. Top IIMs could charge around Rs 20 Lakhs. Most Tier B private colleges charge in excess of Rs 15 Lakhs. Most Tier A private colleges charge in excess of Rs 20 Lakhs. Medical studies could go beyond Rs 50 Lakhs. With rising inflation and high education costs, you definitely need a child education plan. 2.       Features of a child plan ·    ...

Life insurance is a basic financial necessity to protect your most important asset: you. If you die, your family not only loses a loved one, it also loses a source of income, but retains all of the bills and debts to pay. People don't get life insurance for a variety of reasons. Some simply don't want to think about death. Some worry that they are uninsurable because of their health or lifestyle. None of these reasons, however, should prevent you from being insured. Life insurance is one of the fundamental personal risk management weapons in your arsenal and you should make the best use of it. Here are four common reasons people give for not applying for life insurance. 1. A Pre-Existing Condition You may have a medical condition that you think will exclude you from coverage. If you have a terminal disease, this will almost always be true. For other conditions that can still result in a long life, many insurers will still extend coverage at higher rates. As long a...

So, you are a travel junkie and you live vacation to vacation! And you would wonder how a travel insurance would be of your help in your vacation? Well, a travel insurance would help you tackle all the travel and medical contingencies while you travel abroad. You might find buying a travel insurance silly, but it's better to be safe than sorry. Buying travel insurance would not only safeguard you from all the possible unforeseen situations but also help you cherish all the lovely memories of your stay abroad. It is utmost important to add best travel insurance to your checklist while you plan your vacation, be it for leisure or business. Travel insurance is gaining back all its lost significance. To avoid unforeseen conditions like flight delay, loss of baggage, loss of passport as well as medical emergencies, buying travel insurance becomes extremely necessary. It is also convenient and easy, as you can buy travel insurance online. There are various plans offered under tra...

Many people don't understand why they need life insurance, when they should buy it or what type of policy would best meet their needs. In this article, we'll describe what type of life insurance will probably make the most sense for you at major milestones in your life. Term Vs. Permanent Life Insurance First, you need to understand thetwo basic types of life insurance: term and permanent. Term life insurance provides a predetermined death benefit and covers you for a predetermined number of years, usually five to 30. The annual premiums are fixed and are based on your health and life expectancy at the time you apply for the policy. Permanent life insurance combines a death benefit with a savings or investment account. The policy covers you for as long as you're alive, even if you live to be 100. The premiums can be fixed or not, depending on the policy your purchase. Like term life insurance, the premiums are based on your health and medical history. ...

Just dial 9373284136, CFP certified financial planner, to know more # cfp   # certifiedfinancialplanner   # mywealthapp   # mutualfundsagentinnagpur # licagentinnagpur jayant@jayantharde.com www.jayantharde.com # gurukripainsuranceandinvestment

India Post offers it’s customers the facility of a 5-Year Recurring Deposit (RD) Account which is essentially a deposit scheme allowing customers to add to their savings by investing money which earns interest over a fixed period of time. An RD is usually opened for a fixed period of time and deposits must be made at predetermined intervals which may be monthly, quarterly, depending on the terms and conditions of the deposit scheme. Unlike a fixed deposit, an RD is not a one-time investment and may be closed before its maturity date. The India Post Recurring Deposit Account is an ideal investment option for first time investors or young professionals as it does not require customers to invest large sums of money towards installments but does earn you handsome interest at the end of the maturity period. Features of India Post Recurring Deposit ·          Customers can open an RD Account with a minimum of Rs 10/- per month or any amount i...