All ULIP money is transferred to Mutual Funds as per the NAV. Is it right that you may withdraw the money whenever you like as per NAV on that day of withdrawal or the account seizes after completion of the 10 or 15 years period.
I have a some amount and I want it to put in some place where it can multiply. Which is best Mutual funds or Fixed Deposit in any National bank? The interest rates appears to be less in FDs but are Mutual Funds safe and secure compared to FDs?
I have cash now which I kept aside for my child's education. He is getting into PP1 now. I want to invest the cash in Mutual Funds so that I can take some money year every year which would take care of his fees every year. Please sugges me the best possible way to do it.
in a mutual fund you pay someone a fee to lose money for you…in the share market you lose money on your own