Advantages And Disadvantages Of Mutual Funds
MUTUAL FUND
A mutual fund can be under stood as a collective investment scheme that collect money from different strong investor and purchase government securities.
They are invested and sold in the general public.
Mutual funds are opening ended which means that the investor can buy or sell his / her shares any time as per requirement.
One can not consider HEDGE FUNDS as a type of mutual funds because they are not sold publicly.
Mutual fund is both advantageous and disadvantageous as compared to direct investment made by an individual in individual securities.
ULIP
ULIP is also called unit linked insurance plans.
They are long time investment plans the amount of premium paid by the investors is divided into 2 broad categories , the first amount is saved for the payment as the life cover and other part is invested in the investment , it may be invested in the debt equity(treasury bond and government securities) as per the investors preference in order to receive returns .
If a person dies during the period of the policy, depending on the terms and conditions of the policy, the person will receive the sum assured or the value of the fund and such proceeds from the insurance company are tax free.
Investors in ULIP are allotted with units by the insurance company and on daily basis, a net asset value (NAV) is declared for it...
Hence, it is called life insurance cum insurance plan. Where you get benefit of both life cover and investment.
The main motive of investment in Ulip
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