Max Life Monthly Income Advantage Plan

Money back policies are highly expensive, they mostly don't offer adequate insurance cover and they don't offer good returns

Max Life Monthly Income Advantage Plan is a traditional money back policy. Money back policies are similar to endowment insurance plans where the policy provides for partial survival benefits during the term of the policy.

These type of products are expensive, they mostly fail to offer adequate insurance cover and they don't offer good returns. What the agent has told you isn't correct. In this policy, the money back is in the form of regular income after completion of 10 years. At the end of premium paying term, you will get a guaranteed monthly income for 10 years which will be 1/12th of 10 percent of the sum assured.

 So for instance, if your sum assured is R10 Lakhs, then the guaranteed monthly income will be R8333 (100000/12). The reversionary and terminal bonuses mentioned are not guaranteed. You will pay a very high premium of R2 lakh a year. If you are looking for regular income then you should invest this amount in a pure investment product to earn better returns.

Always keep in mind that you Should Not mix insurance and investment. For securing a life insurance cover, buy a pure term policy. And invest in equity mutual funds to achieve long-term financial goals of five years and above. If you are a newcomer to the stock market, choose a best balanced scheme and start investing every month via a Systematic Investment Plan (SIP). If you are familiar with the stock market, you can invest in a diversified equity scheme. You must continue with your SIP investments irrespective of the market conditions. This will help you to average your purchase cost and enhance your returns.

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Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds

Top 4 Tax Saver Mutual Funds for 2017 - 2018

Best 4 ELSS Mutual Funds to invest in India for 2017

1. DSP BlackRock Tax Saver Fund

2. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. BNP Paribas Long Term Equity Fund

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IDFC Tax Advantage (ELSS) Fund

  

IDFC Tax Advantage (ELSS) scheme seeks to build a diversified portfolio comprising of stocks of companies with strong fundamentals that are available at reasonable valuations. The scheme can be fully into equities (and equity related securities) and upto 20% in debt & money market instruments.

IDFC Tax Advantage (ELSS) Fund  which has earned its stripes by beating its benchmark every year except the first one (2009). This performance has earned it a four-star rating for much of the last three years.

The fund has a higher-than-category allocation to both mid-cap and small-cap stocks. Mid caps have made up anywhere between 30 and 45 per cent of the portfolio. Large caps have accounted for 40-50 per cent. Small caps have made up 20 odd per cent. The fund is managed on the basis of a growth-at-a-reasonable-price philosophy. It does take both cash and debt calls on occasion. The fund believes in identifying companies based on a deep understanding of the industry-growth potential and interaction with managements.

The fund is yet to be tested in a severe bear market, as it was launched after 2008. Its record in 2011 showed ability to contain downside. The fund has beaten its benchmark by sizeable margins of 5-6 percentage points over three and five years, though one-year returns show it lagging behind the category. The fund hasn't been a huge category outperformer but a return of 20 per cent (since launch) is not to be scoffed at. The higher mid- and small-cap tilt, however, may peg up volatility if the latter's high valuations prompt a correction.

Investors can take smaller exposures to this fund until a longer track record is at hand.

 

Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds

Top 4 Tax Saver Mutual Funds for 2017 - 2018

Best 4 ELSS Mutual Funds to invest in India for 2017

1. DSP BlackRock Tax Saver Fund

2. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. BNP Paribas Long Term Equity Fund

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Franklin India Dynamic Accrual Fund

Invest Franklin India Dynamic Accrual Fund Online

Key Highlights:

·         Open ended income fund with primary investment objective to generate a steady stream of income through investment in fixed income securities

·         The fund is positioned in the long term bond fund category that focuses investment in high quality fixed income instruments across segments ie GSecs, Corporate Bonds and Money Market instruments

·         The fund manager strives to generate steady return in the fixed income market by actively managing the fund's portfolio on interest rate movements and credit risk

·         The fund is suitable for investors with a time horizon of 1-2 years having moderate risk profile

Fund Details
Average Maturity	2.25
YTM	10.62%
Duration	1.75

Load Structure:

Entry Load: Plan A:Nil

Exit Load: Exit Load 3% if redeemed within 12 mths of allotment, 2% if redeemed after 12 mths but within 24 mths of allotment and 1 % if redeemed after 24 mths but within 36 mths of allotment ; 0.50% if redeemed after 36 mnths but within 48 months from the date of allotment.

 

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Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saving Mutual Funds to invest in India for 2016

Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

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Invest Online

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For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

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Best ELSS Funds for 2017

Best 10 ELSS Mutual Funds in India for 2017

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

Tata Equity PE Fund Dividend

Tata Mutual Fund has announced dividend under the dividend option of Tata Equity PE Fund. The quantum of dividend shall be Rs 1.06 per unit.

The record date has been fixed as February 08, 2017.

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Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds

Top 4 Tax Saver Mutual Funds for 2017 - 2018

Best 4 ELSS Mutual Funds to invest in India for 2017

1. DSP BlackRock Tax Saver Fund

2. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. BNP Paribas Long Term Equity Fund

Invest in Best Performing 2017 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms

For further information contact SaveTaxGetRich on 94 8300 8300

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Invest [at] SaveTaxGetRich [dot] Com

OR

Call us on 94 8300 8300

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