What is a Fixed Maturity Plan in India?
A fixed Maturity Plan (FMP) is a type of debt mutual fund that invests in debt instruments like government bonds, corporate bonds, and money market instruments with a fixed maturity period. FMPs have a fixed investment horizon, typically ranging from one month to five years. In India, FMPs are a popular investment option among investors […]
What is a Target Maturity Plan in India?
Target Maturity Plan (TMP) is a popular investment option in India, especially for individuals planning for their retirement. A target maturity plan is a mutual fund that invests in a diversified portfolio of assets, with a particular maturity date in mind. The fund is designed to become increasingly conservative as the maturity date approaches. Benefits […]
What is the 3-year rule for life insurance?
Life insurance is a crucial financial planning tool that provides financial security to the policyholder’s family in the event of their untimely death. One of the common clauses that policyholders should be aware of is the 3-year rule in life insurance in India. The 3-year rule in life insurance in India states that if a […]
