Mutual Funds | Insurance | Investment |

The stock market has fallen more than 30% in less than one month; world GDP is expected to fall sharply; returns on debt funds are negative due to spike in yield, not to forget the NPA crisis which may come up in the future; lastly, the country is going through a 21-day lockdown which will affect demand as well as the livelihood of people. The imported Covid-19 is responsible for all the havoc throughout the world. Talking about India, investor portfolios are down by one third from their peak values with even five-year SIP returns turning negative. The current plunge in the markets has scared investors globally, but if we look back and analyze then we will realize that stock market crashes have happened in the past too and the markets have recovered from these crashes. The journey of our indices has not been a smooth one and so won't be ours but at the end of the day, the indices have managed to give us favorable inflation-adjusted returns and investors can hope that even their po...

A term plan is one of the best products to provide financial security to your family. The post today will brief our readers about what term plans are and why you should buy one. A term plan is one product that offers maturity benefits at the time of death of the insured person. The benefit is passed on to the nominee. Life cover is the biggest benefit of a term plan which helps to shield the family from the financial burden that usually accompanies the death of a loved one, especially if the expired person is an earning member of the family. Limited period payment & coverage for whole life In a term plan, the insured person pays the premium for an agreed number of years from the date of commencement of the cover with an assurance from the life insurance company that in case of death, the cover amount will be paid to the nominee. The coverage can be till the age of 100 or less, depending upon the wish of the buyer. Usually, the age is kept between 75-85 years. The insured perso...

SIP, as stated in earlier posts, is one of the most popular ways to invest in mutual funds. Every month more than Rs. 8,000 crores is being invested in mutual funds via SIPs. The convenience of putting in amounts ranging from Rs. 500 per month to infinity has led more and more people to go for SIPs as its a good EMI where you pay a monthly installment and overtime your money grows. Investors ranging from new to seasoned investors opt for SIPs as a preferred investment mode. Although SIP is a very popular mode of investment, the knowledge on how can a person start an SIP is limited. This post aims to make the readers aware of how can one start an SIP and what processes are followed in different methods to start one. Physical Mode Under the physical mode, the investor is required to sign on a physical form and give a cheque along with the application (canceled or filled with first installment details). The investor can also give the photocopy of the bank passbook/statement. Inves...