Fintellect

Greetings, In our previous post, we covered Life and Health Insurance , In this post we’re going to look at Systematic Transfer Plans and the many associated benefits. Since the tag line that goes with all mutual funds is that they are subject to market risk, financial experts recommend Systematic Transfer Plans (STP) to spread investments out over a longer period of time in order to mitigate risk as much as possible. As opposed to investing a lump sum amount in one go, you invest a fixed amount periodically in order to reduce the propensity to market fluctuations. Now in case you’re thinking that this sounds like Systematic Investment Plans, STPs are actually different. How they work is that your entire investment is first parked in a liquid or liquid plus funds where it generate steady returns at prevailing interest rates, while a fixed amount is earmarked for periodic investment in prospective schemes under the same fund house. There are three main categories of STPs: Fixed STPs In ...

Greetings, We hope you liked our post on maintaining a balance between health and wealth management and we’ve put it here in case you missed it! Steve Jobs was famously quoted saying “No one wants to die. Even people who want to go to heaven don’t want to die to get there. And yet, death is the destination we all share. No one has ever escaped it.” That being said, there’s a certain comfort in the knowledge that no matter what happens, we not only have the means to pay for our medical treatment if required but also the means to provide for our families in the case of any eventuality. If life insurance & health insurance don’t feature on your list of priorities when it comes to building an investment portfolio, you’re not building it on a very strong foundation. In fact, life and health insurance are the very foundation that the financial pyramid , (explained in our post on building a wealth management portfolio), is built on. This is because safeguarding what you already own, Even...