Products
Gain Rupee believes right product selection is necessary to optimize your returns at the same time it will evade most of the risks as per your need. We will feel happy to assist you to choose right product as per your need.
It is easy to invest over hearing from someone that he put his or her hard earned money and get good or rather great returns. It might tempt you to get the same kind of returns by investing into the same place.
Is it a right Idea? Maybe yes but what if, it may not be?
Different products comes with different pros and cons. What is a good for others might be injurious to you or vice versa. That is why selection of product plays a vital role.
Term Insurance
Term insurance is a purest form of insurance. Earning profits on the paid premium is not the intention of life assured. This insurance covers the life of the policy holder at the minimum cost. Few companies provide the riders as toppings in the policy as well.
Term insurance is a policy that provides coverage for the specified time or as per the term specified in the policy. If insured dies during the time period when the policy is in force the nominee of the policy holder becomes eligible to get the claim.
One can get higher sum assured by paying comparatively very less premium in such a policies against those he or she may get in ULIP or endowment policies.
Premium paid in the policy is eligible to take tax benefit under section 80C of the Income Tax Act, 1961.
Debentures & Corporate FD’s
When money is raised by any institution in the form of loan is known as debentures. Generally the interest is high and the duration of maturity is low in such instruments as compared to the government bonds. An example of a government debenture would be any government-issued Treasury bond (T-bond) or Treasury bill (T-bill). They don’t have collaterals.
Fixed deposits offered by the companies that are not registered as banks are known as corporate FD’s. They could be involved in a variety of businesses and may require capital for running their businesses. When they do, they issue deposit certificates to investors of different tenures at fixed interest rates.
Debentures & Corporate FD’s get the ratings by the different rating agencies on the different parameters to suggest the level of stability or paying back capacity of the company.
Such instrument may or may not be listed in the stock exchange for the buyback option.
Govt Bonds
Different bonds of different tenure with different interest are regularly issued by central as well as state governments. Government issues these bonds as per their need and collects money from the different segments of the country.
Such bonds are issued by government with a promise of repayment of capital at maturity and generally pay the coupon or interest periodically which is generally annual in nature.
These bonds also gets listed in the stock exchange and traded on premium or on discount as per the market conditions if someone like to come out in between the specified period of the bond.
Mutual Funds
It is a mechanism that is made up of a pool of money collected by number of investors for the purpose of investing in instruments like stocks, bonds, money market instruments and other asset classes as specified in its prospectus. Money is managed by the fund managers, who invest the fund’s capital and attempt to produce capital gains and income for the fund’s investors.
Mutual funds are professionally managed, diversified portfolios of equities, bonds and other securities, which would be quite difficult or almost impossible to create with a small amount of capital for a small investor. Each shareholder participates proportionally in the gain or loss of the fund.
With various options in the basket of mutual funds it is one of the best tools to accumulate money for your long term goals along with the liquidity and the tax efficiency as per the different schemes and options.
In some of the schemes you also get the tax benefit under section 80C of the Income Tax Act, 1961 with a lock in period of three years.
Classification of funds can be done on various parameters like:-
Open ended and close ended, debt, equity or hybrid. Within the class as, money market, short term bond, long term bond, gilt, dynamic, large cap, mid cap, small cap, flexi cap, equity oriented, debt oriented and many more.
We are always happy to assist you choose the best available option for you.
Heath Insurance
With such a dynamic and hectic life we are living it is essential for us to protect our health against the risk of paying huge medical bill by paying a small regular premium and get our self and our dependents covered. Health insurance policies come with various options. It is good to have advice on what is best for you.
Health insurance policies provide various options as per your need. If you are already having a policy by your company and feel that you need some additional cover as the medical cost is getting higher and higher day by day, you can opt for top up policy. Such polices comes with a very nominal premium and covers you over and above the specified base cover chosen by you.
One can choose a policy to cover few critical diseases as well. Such policies provide the financial assistance to the policy holder as soon as he survives after the diagnosis of the disease as specified in the terms and conditions of the policy.
Accidental Insurance is also a part of such policies where you may take it along with any other policy or stand alone. Such policies are very cheap and used only in the case of medical expenses arise due to accidental situation.
Premium paid in the policy is eligible to take tax benefit under section 80D of the Income Tax Act, 1961.