While other insurance plans do differ, a term insurance plan focuses solely on providing a death benefit. In the case of an unfortunate event, your family gets a lump sum amount to meet all expenses, repay debt, and maintain their well-being.
Since sector funds are cyclical in nature, closely monitoring their performance becomes essential. This task is best handled by professional fund managers who have the expertise and resources to track and respond to market changes effectively.
When making significant financial decisions, such as purchasing a home, balancing cash flow with long-term goals is vital, says Niyati Shah, Vertical Head - Personal Tax at 1 Finance.
In the previous fiscal year, seafood exports in India exceeded Rs 60,000 crore, marking a record high and emphasizing the significance of the marine products sector in contributing to the country's export revenue.
In the current global economic environment, it may be prudent to consider investing in gold. As inflation rates rise and economic uncertainties persist, gold is viewed as a secure asset that can offer protection against market volatility.
Fixed Deposits (FDs) are known for their fixed interest rate, which is typically lower than the potential returns from Debt Funds, especially over a longer investment horizon.
The Union Budget 2024 earlier this year had reduced the tax rate on long-term capital gains from 20% to 12.5% but removed the indexation benefit. Later, the government simplified the taxation by giving two options to the buyers.
A new strain of Mpox has prompted the WHO to declare another health emergency earlier this month. Insurance companies have come up with comprehensive health insurance plans to cover such emerging infectious diseases.
In India, Sovereign Gold Bonds (SGBs) have gained significant popularity among investors looking for a safe and profitable alternative to physical gold and other forms of gold investments. Considering this, it is essential to delve into various investment avenues available for diversifying your funds effectively.
It is important to approach your goals with a clear financial plan that doesn't compromise your other life goals. You should also look at all aspects, including your financial health, emergency savings and retirement planning, etc.
Whether you're a seasoned investor or just embarking on your investment journey, mutual funds stand out as a viable avenue to deploy your hard-earned money.
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