Ulip has been an extremely popular investment product, but it has been tarnished by reports of catering more to the interest of the insurer and the agent concerned rather than the investor. Over time it does become a valid proposition.
Click for Ulip Vs Mutual Fund Calculator
Mutual funds have been another significantly important investment category. Since market regulator SEBI has been taking an interest in the sector, transparency has improved and that means investors welfare is looked after.
We provide a calculator that brings the best ‘profit’ angle out to allow you to judge accordingly.
Mutual Fund: Overview
A mutual fund (MF) is a professionally managed type of collective investment scheme that pools money from many investors i.e. your money and invests it in stocks, bonds, short-term money market instruments, and/or other securities to yield returns. If you are apprehensive of investing in the stock market because of its unpredictability, play relatively safe with MFs.
You will receive units of the MFs in proportion to the money put in. The value of each unit is also impacted when management fees and other expenses are deducted from the overall pool of funds.
The value of a unit is called the Net Asset Value (NAV) of the MF which changes on a daily basis.
Investors who wish to purchase or sell units of a mutual fund after the scheme is fully functional must do so at a price that is linked to the NAV or the Net Asset Value.
More gyan on MFs, here on Apnapaisa.
Note: All calculators and comparators are made based on certain assumptions which may not be true in your case. You should consult your personal financial advisor before taking any decision. Apnaloan and The Indian Express online disclaims any responsibility for any decision taken based on these calculators and comparators.