Mutual funds are the companies that mobilize the savings of individuals in the form of units.
Each person who contributes his savings into mutual funds is allocated units of mutual fund
These savings are invested in the securities, bonds, money market instruments and other assets.
The portfolio of investments is planned and managed by financial experts
Life insurance is a policy which covers the risk of premature death. If, during the term of the policy, the life insured dies, the policy promises to pay a death benefit. Life insurance policies are legal contracts where, against the coverage offered by the insurance company, you are supposed to pay a premium for availing the coverage.
Health insurance pays most medical and surgical expenses and preventative care costs incurred by the insured person in return for a monthly premium payment.
Generally, the higher the monthly premium is the lower the out-of-pocket costs are to the insured.
Virtually all insurance plans have deductibles and co-pays but these out-of-pocket expenses are now capped by federal law..
Term insurance is a type of life insurance policy that provides coverage for a certain period of time or a specified "term" of years. If the insured dies during the time period specified in a term policy and the policy is active, a death benefit will be paid. Many term policies offer level premiums for the duration of the policy..
There are many options available to save more and reduce taxes. If an individual has done proper financial & tax planning then deductions would be subtracted from the gross total income and income tax would be levied on the balance income as per the income tax slabs.
Retirement planning involves determining retirement income goals and what's needed to achieve those goals. Retirement planning includes identifying income sources, sizing up expenses, implementing a savings program, and managing assets and risk. Future cash flows are estimated to gauge whether the retirement income goal is possible.
Before you think of how fancy this investment option of stock market can get, let us draw a basic perspective on NCD. NCD Full Form, or in other words NCD meaning is “Non Convertible Debentures”. To start with, these instruments have similar facets as that of Bonds. The part of this instrument we want our readers to know about is “unsecured factor”. This means, the company’s NCD bought can be lost in case of default made by the company. However, there is a lot investors can benefit from and they are briefed below. NCD being the debt instrument is issued with the similar motive as that of an IPO done through equity medium, the need to raise capital. Corporate in need of loans, take funds from investors through respective agencies and promise to pay a regular interest to them. Such NCDs cannot be converted into shares, and so pay a higher rate of return as compared to the counterpart – convertible debentures.
Planning involves forecasting, framing objectives of the firm, thinking of different courses of action and deciding the best course of action to achieve the goals. Planning, thus, involves decision making, that is, deciding a course of action for framing and achieving objectives.
A Fixed Deposit is a safe investment through which you can earn interest income.
Fixed Deposits promise guaranteed returns and involve no risk of loss of principal amount.
Returns on Fixed Deposits are unaffected by market fluctuations.
All interest gains from Fixed Deposits are taxable by law.
You can avail of top-up loans against your Fixed Deposit.
A demat account is needed to hold the securities (shares, bonds, mutual funds, etc.) in an electronic format. A demat account is a prerequisite for equity delivery trading in India. A demat account is also needed while applying for IPO (initial public offering) as the allotted shares get credited to the demat account.
For most people, purchasing a home is the biggest financial decision they will ever make. And with homes often costing hundreds of thousands -- and in some cases millions -- of dollars, most people can't afford to pay cash for the entire property up front. As a result, they need to take out a home loan (i.e. borrow) from a bank, credit union, or specialized mortgage lender for borrowers with lower budgets (such as the USDA, FHA, or VA).
Car loans are among the most sought-after financial products in India since a decade and the trend of availing car loans is increasing by leaps and bounds. A number of financial firms and private sector banks in India have laid their focus on the auto loan sector for generating revenue in the form of interest. The car companies in collaboration with the auto loan providers are rolling out plenty of customised offers to attract the customers for availing car loans at varied interest rates.
A business loan is any type of financing that’s used to fund business expenses — from paying staff wages to purchasing inventory. Available through banks, credit unions and online lenders, your business typically needs to be at least six months old and bring in over $50,000 a year in revenue to qualify.
A personal loan is an amount of money you can borrow to use for a variety of purposes. For instance, you may use a personal loan to consolidate debt, pay for home renovations, or plan a dream wedding. Personal loans can be offered by banks, credit unions, or online lenders. The money you borrow must be repaid over time, typically with interest. Some lenders may also charge fees for personal loans.
We're here to help. Send us an email or call us at Contact +91-99948 88251 | Land Line 04343 238251. Please feel free to contact our expert.
Contact Us
Wealth Creations involved in financial services like equity, commodities trading, depository and wealth management services and distribution of other financial products.
Copyright © 2022 Wealth Creation | Built with Dixital Infinity by Esways Conglomerate