We all have life goals that we need to focus on. Whether it is planning for your dream vacation or dream wedding, investing in the right financial instruments is the key to turning your life goals into realities.
We all have life goals that we need to focus on. Whether it is planning for your dream vacation or dream wedding, investing in the right financial instruments is the key to turning your life goals into realities. Here are a few goals that most of us have and a look at easy methods of making them into a reality.
These simple calculations help you to understand how to plan your finances and investment. Now that we know how much to invest, there are two main things that we need to consider while deciding where to invest - risk and return. For the short term requirements like car, investing in a high return SIP, with 16-18% ROR is recommended. When it comes to bigger investments like buying a house, marriage, etc. it becomes easier to invest in a lower risk policy, even if the return is lower (12-15%). Since the introduction of LTCG tax, the preferred mode of investment which offers a higher return has been ULIPs. ULIPs invest your money in the market, with the promise of lower risks and higher returns. While similar returns could be enjoyed in mutual funds, ULIPs have an added tax benefit as their returns are not taxed under the LTCG tax.
ULIP schemes like HDFC Life Click2Invest - ULIP offer high returns for your investments while also ensuring the protection of your family. This online ULIP scheme comes with death benefit, which assures that your family is protected, while continuing to meet your financial needs. This ULIP has become an integral part of your investment kitty, and the key to full your financial goals.
