Money Multiplying News

Dated:: 16-31 May, 2022 Redg. No. RNI 21891/70 Vol. 47 No. 9/Delh

In the uncertain world of Falling Interest Rates, Gift yourself the Guarantee of Long Term Tax-free Income with Bajaj Allianz Assured Wealth Goal Plan, which not only gives tax-free high guaranteed income but also provides protection throughout the policy term. Pay Rs. 10 lacs annually for 12 years, wait for 2 years, and get a regular guaranteed income of Rs. 14.91 lacs every year for 30 years with Rs.1.2 crore return of premium on maturity. (Total Benefit - Rs.5.67 crore, IRR - 6.57%) (Gender - Male, Age - 35 years)

Life Insurance

Benefits in detail:

? Pay your premiums for the chosen period

? Receive regular guaranteed payouts as a percentage of Annualized Premium during the Income Period.

Maturity Benefit:

On maturity, you will receive -

? Sum of all premiums paid (if opted), plus

? Last regular guaranteed payout

The nominee will have an option to receive the future installments as a lump sum, which shall be the present value of future installments at a discounted rate.( *Total premiums means sum of all premiums paid in the policy excluding extra premium, rider premium and GST)

What should be your Investment Approach for the New financial year 2022-23?

It is already one month into the new financial year! Hence, it is important for every earning individual to make some financial decisions as this will help them keep their finances on track. According to experts, the beginning of a new financial year is when people should make critical financial decisions such as choosing their savings, investments, and tax-saving options.

To start with, most of us do not have a structured approach to savings and investments. Moreover, most people do not have saving targets as the amount of money they save depends on their spending habits, and thus financial goals remain unfulfilled.

This new financial year, let’s make sure to follow a structured approach, i.e., Goal-Based Investing, to ensure you are better prepared to deal with financial needs such as Children’s Education, wedding, retirement, and tax planning.

Let us understand What is Goal Based Investing?

Retirement is a crucial phase of life. With the increase in life expectancy, rising inflation & cost of healthcare, retirement planning has become necessary.?

How investment in mutual funds can help meet these goals?

Mutual Funds?are ideal investment solutions for a wide variety of financial goals basis the time horizon and your risk appetite. Mutual funds cater to them all, whether your tax savings, wealth creation, or other financial needs. You can invest in a Mutual Fund via SIP and lump-sum investment.?

SIP is a method of investing a fixed sum, at a regular interval, in a mutual fund scheme.?Similar to monthly saving schemes like a recurring deposit. Whatever might be your goal, SIP is the one-stop solution.

Mutual Funds

ADVANTAGES

? Enables regular investments without any additional paperwork

? Convenient way to invest regularly through one time standing instruction

? Convenience of small installments

? Rupee Cost Averaging Benefit to counter volatility - it brings down the average cost of your Investments

? No-timing the market

Some of the best investment categories for 2022-23:

General Insurance

MANIPAL CIGNA ProHealth Prime A revolutionary health plan that covers everything you think off

Disclaimer: Bajaj Capital Limited (‘BCL’) has taken due care and caution in presenting factually correct data contained herein above. While BCL has made every effort to ensure that the information/data being provided is accurate. BCL does not guarantee the accuracy, adequacy or completeness of any data/information in the publication and the same is meant for the use of the recipient and not for circulation. Readers are advised to satisfy themselves about the merits and details of each investment scheme, before taking any investment decision. BCL shall not be held liable for any consequences, legal or otherwise, arising out of use of any such information/ data and further states that it has no financial liability whatsoever to the recipient/ readers of this publication. Neither BCL nor any of its directors/ employees/ representatives accept any liability for any direct or consequential loss arising from the use of data/ information contained in the publication or any information/ data generated from the publication. Nothing contained in this publication shall constitute or be deemed to constitute a recommendation or an invitation or solicitation for any product or services. Any dispute arising in future shall be, subject to the Court(S) at Delhi. Views given in the articles are the personal views of the contributors and not that of the company. Readers are advised to go through the respective product brochure/ offer documents before making any investment decisions. Disclaimer: The rates of interest are applicable as on the data mentioned here in above. The rate may be revised at the sole discretion of the respective companies inviting the Fixed Deposits without further notice. Printed by, Rajiv Wadehra, Published By, Raji Wadehra on behalf of Bajaj Capital Investment Centre Limited, Bajaj House, 97 Nehru Place, New Delhi - 110019, and Printed at Sundeep press C-105/2, Naraina, Industrial Area Phase - , New Delhi - 110028, and Published at Bajaj House,97 Nehru Place, New Delhi - 110019, Editor-Rajiv Wadehra (CIN: U0000DL1988PLC039417))