Net Yield 8.77%
SINGLE-PREMIUM insurance products are yet to hit the market. Very few plans are now on offer for investors. Bajaj Allianz Wealth Insurance is a singlepremium plan, which is a good investment among its peers due to its low-cost structure and high net yields. The plan is a type I insurance product having an exhaustive basket of funds for investment. However, based on past performance, the mid-cap fund is a lucrative investment considering that the fund generated a return of 193% in five years. The fund also offers loyalty additions on maturity. Being a singlepremium plan, the premium limit is a little on the higher side.
Tax Plan is one of the better performing schemes from Religare Asset Management. Existing investors can redeem their investment after three years. But given the scheme's performance, they can continue to stay invested Given the mandated lock-in period of three years, tax saving schemes give the fund manager the leeway to invest in ideas that may take time to nurture. Religare Tax Plan's investment ideas revolve around 'High Growth', which the fund manager has aimed to achieve by digging out promising stories/businesses in the mid-cap segment. Within the space, consumer staples has been the centre of attention for the last couple of years and can be seen as one of the key reasons for the scheme's outperformance as compared to the broader market. It has, however, tweaked its focus and reduced exposure in midcaps as they were commanding a high premium. The strategy seems to have worked as it returned a 22% gain last year. Religare Tax Plan has outperformed BSE 100...
