Equity Linked Saving Scheme Aka ELSS is a tax saving mutual fund where one can save upto Rs. 1.5 lakh in a financial year under Section 80C. It is an equity oriented investment. It has the shortest lock in period of 3 years with long term capital gains over 1 lakh being taxed at the rate of 10%. An ELSS investment can be individual’s first equity investment which would help them in saving taxes and as well as building wealth.

Some people invest in Mutual Funds for a regular income, and they usually look at options of getting a dividend. Thus many schemes, especially debt oriented schemes, have monthly or quarterly dividend options. It is important to note that dividends are distributed from the profits or gains made by the scheme and are in no way guaranteed every month. Though the fund house endeavours to give consistent dividends, the distributable surplus is determined by market movements and fund performance.

There is another method to get a monthly income: using the Systematic Withdrawal Plan (SWP). Here, you need to invest in the growth plan of a scheme and specify a certain fixed amount required as a monthly payout. Then on a designated date, units amounting to that fixed amount would be redeemed. For example, an investor could invest Rs. 10 lacs and request that Rs. 10,000 be paid on the 1^st of every month. Then, units worth Rs. 10,000 would be redeemed on the 1^st of every month.

It is important to note that the tax treatment for both, dividend and SWPs, vary, and investors need to plan accordingly.

*Monthly Income is not assured and should not be construed as guarantee of future returns.

According to the NCRB statistics12, an Indian dies in an accident every 90 seconds. It is a terrifying thought for any parent to leave his child behind without adequate funds and means to lead a comfortable life. The only way to overcome this worry is to invest in a plan that saves for your child’s future education even in your absence.

This plan works like any other investment with the potential to grow your money and you get a lump sum at maturity for your child’s education. 1. See past fund performance of our child plan ICICI Pru Smart Kid with ICICI Pru Smart Life What makes this plan different is that if something unfortunate happens to you: 2. The life cover amount is paid to the appointee (chosen by you) in case your child is a minor, this amount helps to pay for any immediate liabilities a. The policy continues with no more premiums to be paid by your family# b. c. Your child receives the fund value at maturity to secure her future.

To ensure that no compromises are made with the child’s education, we maintain a strict discipline in managing the policy holder’s funds. Our investment process is a function of extensive research and is based on data and reasoning backed by superior risk control measures.

Retirement planning is the process of determining retirement income goals and the actions and decisions necessary to achieve those goals. Retirement planning includes identifying sources of income, estimating expenses, implementing a savings program and managing assets. Future cash flows are estimated to determine if the retirement income goal will be achieved.

A Unit Linked Insurance Plan (ULIP) is a product offered by insurance companies that, unlike a pure insurance policy, gives investors both insurance and investment under a single integrated plan.

ULIPs are insurance plans that help you save for your goals while providing Life Cover.  In most wealth plans, you pay your premiums for a certain time period. Once your policy term ends, you receive a lump sum amount called the Maturity Benefit. Moreover, in case of an unfortunate event during the term of the policy, your family receives an amount called the Sum Assured.

ULIPs are a type of ‘Protection + Savings’ plans. They combine the benefits of protection and saving in a single instrument. The major advantage that a ULIP has over the traditional wealth creation tools is the benefit of a Life Cover. As a result, your money continues to grow and at the same time, your loved one’s future is protected from life’s unexpected turns.