Your Questions Answered: I want to invest in specific fund. Can you explain the difference between growth and dividend?

Under the dividend option, profits are distributed to investors at regular intervals and in growth funds, profits made by the scheme are reinvested in the scheme and not paid out to investors.

Your Questions Answered: I'm 40-year old homemaker and want to buy term insurance. Is it a good idea?

As a homemaker, you will be eligible for a risk cover of only ₹50 lakhs based on the principle of indemnity. The insurer must indemnify any financial loss the family might incur if the insured member dies.

Your Questions Answered: Equity vs real estate — Which will yield better returns in the long term?

The stock market can be volatile and vulnerable to market fluctuations, making it a higher-risk investment. Real estate investments are less volatile and can be a good bet during periods of economic downturn.

Your Questions Answered: Should I invest in a mutual fund SIP with a high NAV?

Investors should not be guided solely by NAV when investing in mutual funds. The decision to invest must be based on a fund's performance, risk-adjusted ratios, quality of the portfolio, etc.

Your Questions Answered: Are there any hidden conditions in a ₹1 crore term plan with return of premium?

A term policy is a type of life insurance that provides coverage for a specific period of time. Return of premium term policies may have specific conditions that must be met for the policyholder to get the premiums back and it is important to review your insurance coverage regularly.

Your Questions Answered: How can I save tax on long-term capital gains from the sale of my house?

To save tax on the long-term capital gains from the sale of the house, one can either buy another house within two years or invest in capital gains bonds. 

Your Questions Answered: I want to invest in tax saving mutual funds. Can you suggest any fund?

Mutual funds offer tax-efficient returns and ELSS is one such investment option which allows investors to avail tax exemption up to ₹1.5 Lakhs under Section 80C and offers a lock-in period of 3 years.

Your Questions Answered: Do I need to have a separate insurance while I already have ₹5 lakh policy from employer?

It is important to carefully consider your healthcare needs and budget when deciding whether to purchase additional health insurance.

Your Questions Answered: I am 20 and want to start my investment journey. Can you help?

We answer some of your most pressing personal finance questions. It is time to make the most of your money!

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