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.
Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300 Mutual funds are ideal as long term investment avenues for retail investors. To encourage investments in this avenue, the Government of India offers investors a spate of tax benefits thus ensuring maximum benefit from mutual funds held beyond a year. Sample some of the key benefits and refer to the table for a detailed list of tax rates for different types of schemes · Avail deductions under Sec 80C of the Income Tax Act by investing up to a maximum of Rs. 1 lakh in designated Equity Linked Savings Schemes (ELSS). Such investments have a compulsory lock in period of 3 years. · First time retail investors in equity with a gross total income of up to Rs. 12 lakh can invest up to Rs. 50,000 in specific MF schemes un...
