ULIP vs. MUTUAL FUND
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The document compares ULIP (Unit Linked Insurance Plan) and mutual funds for investment and insurance. It shows that ULIPs have higher entry loads, administration charges, and mortality charges, resulting in around 2.5% less money actually being invested compared to investing in ELSS (equity linked saving schemes) and buying term insurance separately. Additionally, in the event of death early on, the family would receive a higher payout from ELSS and term insurance than just the ULIP sum assured. Therefore, the document concludes that ELSS and term insurance provides more benefits to the investor compared to opting for a ULIP.
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The document compares and contrasts unit-linked insurance plans (ULIPs) and mutual funds. Both are investment options for individual investors that provide equity, debt, and hybrid funds. They calculate returns based on net asset value and measure investments in units. However, ULIPs provide insurance coverage in addition to investment benefits, have lock-in periods of 5 years for tax benefits, and are regulated by IRDA. Mutual funds only offer tax benefits for equity funds under ELSS, may not have lock-in periods, have better liquidity than ULIPs, and are regulated by SEBI. The best option depends on an individual's purpose, risk tolerance, life stage, investment discipline, and market knowledge.
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The document discusses Unit Linked Insurance Plans (ULIPs), including:
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- ULIPs provide life insurance coverage while allowing policyholders to bear the investment risk of the underlying funds they choose.
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Odoo 17 CRM allows us to track why we lose sales opportunities with "Lost Reasons." This helps analyze our sales process and identify areas for improvement. Here's how to configure lost reasons in Odoo 17 CRM
Main Java[All of the Base Concepts}.docx
This is part 1 of my Java Learning Journey. This Contains Custom methods, classes, constructors, packages, multithreading , try- catch block, finally block and more.
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
it describes the bony anatomy including the femoral head , acetabulum, labrum . also discusses the capsule , ligaments . muscle that act on the hip joint and the range of motion are outlined. factors affecting hip joint stability and weight transmission through the joint are summarized.
How to Fix the Import Error in the Odoo 17
An import error occurs when a program fails to import a module or library, disrupting its execution. In languages like Python, this issue arises when the specified module cannot be found or accessed, hindering the program's functionality. Resolving import errors is crucial for maintaining smooth software operation and uninterrupted development processes.
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Dr. Vinod Kumar Kanvaria
Exploiting Artificial Intelligence for Empowering Researchers and Faculty,
International FDP on Fundamentals of Research in Social Sciences
at Integral University, Lucknow, 06.06.2024
By Dr. Vinod Kumar KanvariaDRUGS AND ITS classification slide share
Any substance (other than food) that is used to prevent, diagnose, treat, or relieve symptoms of a
disease or abnormal condition
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Aberdeen
Executive Directors Chat Leveraging AI for Diversity, Equity, and Inclusion
Let’s explore the intersection of technology and equity in the final session of our DEI series. Discover how AI tools, like ChatGPT, can be used to support and enhance your nonprofit's DEI initiatives. Participants will gain insights into practical AI applications and get tips for leveraging technology to advance their DEI goals.
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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Training: ISO/IEC 27001 Information Security Management System - EN | PECB
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South African Journal of Science: Writing with integrity workshop (2024)
South African Journal of Science: Writing with integrity workshop (2024)Academy of Science of South Africa
A workshop hosted by the South African Journal of Science aimed at postgraduate students and early career researchers with little or no experience in writing and publishing journal articles.Recently uploaded (20)
Walmart Business+ and Spark Good for Nonprofits.pdf
Walmart Business+ and Spark Good for Nonprofits.pdf
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective Upskilling
How to Manage Your Lost Opportunities in Odoo 17 CRM
How to Manage Your Lost Opportunities in Odoo 17 CRM
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
Executive Directors Chat Leveraging AI for Diversity, Equity, and Inclusion
Executive Directors Chat Leveraging AI for Diversity, Equity, and Inclusion
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
South African Journal of Science: Writing with integrity workshop (2024)
South African Journal of Science: Writing with integrity workshop (2024)
ULIP vs. MUTUAL FUND
- 1. ULIP vs. MUTUAL FUND Presented by Mr. Baid Nath Singh
- 3. Ajay Rs.50000.00 ELSS + Term ULIP Sum Assured Rs.2,50,000.00 I N V E STMENT
- 4. In a ULIP, Ajay would pay (taking the Pru ICICI LifeLink 2 as an example): - Entry load of 5% = Rs. 2,500 - Admin charges of Rs. 20 p.m. = Rs. 240 per year. - Mortality charges of Rs. 140 per year . (approximate) - Fund related charges of 1.5% (maximiser plan) = Rs. 750. This means the amount that is paid out as charges is: Rs. 3,630 . Money actually invested using ULIP is Rs. 46,370/- . Now if Ajay decided to use ELSS for investment and a term plan for insurance. Term plan cost (@Rs. 300 per lakh for 2.5 lakhs) = Rs. 750. (most plans have a minimum, but this is just for illustration)
- 5. Money left for investment = Rs. 49,250. If Ajay puts this in an ELSS he gets charged: - 2.5% entry load = Rs. 1,232. - Fund management (it’s a hidden cost in MFs) @1.5% = Rs. 740 So money invested using ELSS is Rs. 47,278/- . That means, if you use the ULIP route, around 2.5% LESS of your money is invested . There’s another disadvantage. Let’s say Ajay dies in the third year - How much does his family get? In ULIP case, the limit is the HIGHER of invested units or the sum assured, in this case: Rs. 2,50,000.