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Investors who don’t like taking chances should choose fixed deposit accounts. Over a predetermined length of time, interest is accumulated on the amount deposited. Interest rates for deposits under Rs. 5 Crores range from 6.5% per year (for shorter-term savings) to 7.30% per year (for deposits of up to 10 years).
The purpose of a life insurance policy is to provide financial protection for the designated nominee’s family if the insured passes away during the policy’s term. When all life insurance premiums are timely paid, this coverage becomes active
A trading account is an investment account that holds securities, cash and other holdings like any brokerage account. With a trading account, an investor can buy and sell assets as frequently as they want, that too within the same trading session.
A mutual fund is a pool of money managed by a professional Fund Manager.
It is a trust that collects money from a number of investors who share a common investment objective and invests the same in equities, bonds, money market instruments and/or other securities.
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