Your Questions Answered: What are loans against mutual fund units and how to avail?

Loan against mutual funds units is a type of loan that allows investors to borrow money by pledging their mutual fund units as collateral in order to meet short-term liquidity needs.

Your Questions Answered: What is Nifty Next 50 index fund and how is it different from Nifty 50 index?

The main difference between nifty 50 and nifty next 50 is the size and liquidity of the companies that constitute them. 

Your Questions Answered: Should I top up my health insurance plan with a healthcare subscription?

It is important for working professionals to consider their options and take proactive measures such as purchasing a personal healthcare coverage plan or subscription in addition to their corporate plan to ensure their medical expenses are minimised.

Your Questions Answered: I want to buy health insurance. Can you elaborate subscription-based healthcare plans?

Subscription-based healthcare plans offer greater comforts and accessibilities such as managed-care approach, outpatient care, instant availability and telemedicine services compared to regular insurances which can make a difference in terms of lower healthcare costs and better health outcomes.

Your Questions Answered: I'm businessman and want to diversify portfolio. Please explain what business cycle funds are?

Business cycle funds are a type of mutual fund that invests in different sectors of the economy depending on the stage of the business cycle.

Your Questions Answered: What is a dividend yield mutual fund? Can I get regular income from it?

Dividend yield funds are mutual funds that invest mostly in companies with the potential to pay regular dividends to shareholders, in order to generate income for investors.

Your Questions Answered: Where and how much should I invest for my child's foreign education goal?

Invest in a mix of equity and debt funds with a high allocation to equity funds, and consult a financial advisor for a customised investment plan tailored to your needs and goals, to accumulate the required corpus for your children's college education.

Your Questions Answered: I’m planning to buy insurance. What should be ideal coverage and which policy should I choose?

Life insurance is a contract between an individual and an insurance company, where the individual pays premiums in exchange for financial security to their loved ones in the event of their death.

Your Questions Answered: What is Nifty Bank index and how can I invest in it?

Investing in a mutual fund tracking the Nifty Bank index provides investors with exposure to the banking sector, diversification, and low cost, but there are risks such as concentration risk, opportunity cost and tracking error that should be taken into account.

Your Questions Answered: I want to invest in financial products. Please suggest high return low risk investment options?

Before investing, define goals, educate yourself, assess risk tolerance, research and compare, diversify, review and monitor, and if necessary, consult a financial professional.

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personal finance

Your Questions Answered: What are loans against mutual fund units and how to avail?

personal finance

personal finance

personal finance