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Every individual has a different perspective on investments. An investment strategy is different for people and is based on their financial objectives. However, it is essential to know the difference between investments and expenses. Investments are nothing but an additional expenditure that allows you to secure your financial future; whereas, expenses do not provide any future gains. Understanding this difference will help you buy the correct term insurance plan. What Is Term Insurance? The term insurance plan is nothing but an insurance plan that provides coverage to the beneficiaries of the policy for a specific term. In case your (the policyholder’s) sudden dismissal during the policy term, a death benefit is paid to the beneficiaries of the policy. Term insurance plans are one of the most basic and affordable insurance options available in the market. They tend to be more flexible in nature and are cost-effective. You can also claim income tax deductions for the premiums paid un

What are mutual funds? Mutual funds are a pool of professionally managed funds that invest across multiple asset classes for income generation. It is the duty of the fund manager to buy and sell securities in quantum with the investment objective of the scheme so that in the long run it is able to What are global funds? Categorized as funds of funds (FoFs) global mutual funds are equity funds which invest in international markets. Global fund investors find themselves indirectly venturing in foreign markets for income generation. You can actually invest in international markets through investments in an Indian mutual fund scheme. There are some mutual funds who just like normal equity funds invest in international equities.  These global funds can also work as a hedge against market risk which Indian mutual funds hold. For this reason, investors can add some international diversification to their local mutual fund portfolio by investing in global funds. There is a common misconception

When it comes to investments, salaried individuals often hesitate to risk their money. Since they have a fixed amount of income, this is understandable. Whether it is FD investment options, Public Provident Funds (PPFs), or any other instrument, salaried persons always seek to lower the risk factor. If this is true for you, too, you can consider these six safe investment instruments to grow your savings: 1. Fixed deposit (FD) Financial institutions offer fixed deposit interest rates that can exceed 7%. This makes FDs a more profitable investment option as compared to a savings bank account. An FD lets you securely invest your money for a fixed period. The minimum and maximum tenure can vary from issuer to issuer. For example, Mahindra Finance offers a tenure ranging from one year to five years. FD interest rates stay fixed during this time, even if the market performs badly. Due to this inherent stability, many salaried people prefer to invest in FDs and wait for their money to grow w