Frequently Asked Question
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Consider factors such as your investment horizon, risk tolerance, and financial goals. Evaluate the fund’s investment objective, past performance, expense ratio, and fund manager’s track record before making a decision.
SIP allows investors to invest a fixed amount regularly in a mutual fund scheme. It helps in rupee cost averaging and disciplined investing, as investors accumulate units at different NAVs over time, reducing the impact of market volatility.
Mutual funds distribute returns to investors in the form of dividends or capital gains. Dividends are paid out periodically from the fund’s net income, while capital gains arise from the sale of securities held by the fund. Investors can choose to reinvest dividends or receive them in cash.
Term insurance provides coverage for a specific period, while whole life insurance offers coverage for the insured’s entire life with a savings component.
Health insurance covers medical expenses incurred due to illnesses, accidents, hospitalization, surgeries, and other healthcare needs as per the policy terms.
Motor insurance premiums are influenced by factors such as the insured vehicle’s make/model, age, usage, location, and the driver’s age and driving history.