LIC – What is the difference between ULIP and Mutual Fund? The product structure In terms of product structure, excluding risk coverage there is only a small difference between ULIP and Mutual fund scheme. Both market linked for returns, and they will both carry market risk. Based on the investor’s selected stock performance, his returns [...]
What is LIC Mutual Fund?
LIC Mutual Funds It is a professionally managed type of collective investment scheme that pools money from many investors and invests typically in investment securities (stocks, bonds, short-term money market instruments, other mutual funds, other securities, and/or commodities such as precious metals). In accordance with the fund’s investment objective the mutual fund will have a fund [...]
What is ULIP? Unit Linked Insurance Plan
LIC United Linked Insurance Plan: In India investments in ULIP are covered under Section 80C of IT Act. Itcame into play in the 1960. Unit Linked Insurance Plan provides for life insurance According to the value of the underlying assets at the time provides for life insurance where the policy value at any time varies It provides [...]