SIP and Insurance – 2 in 1 Plan
We are going to look at today is about the ULIP project. A ULIP is a unit linked insurance plan. It is an insurance policy with an investment option invested in various financial markets. To put it more simply, it is a two-pronged plan called Insurance + Investment.
This also works like mutual funds. You can also pay at a fixed rate. It can be customized to suit your needs and risk ratio. ULIP Terms However the lock-in period for ULIP plans is 5 years. ULIP-Bill usually misses out on the insurance plan if you think about getting the money in advance. So it is good to keep this in mind when taking this project. It will vary from project to project.
UTI – Unit Linked Insurance Scheme
Today we are going to look at the UTI – Unit Linked Insurance Scheme (Direct plan). It offers both security and storage in one plan. This is a life insurance plan. It also provides protection against financial loss if the insured dies unexpectedly. At the same time strengthens storage. Acts as 1 out of 2 in total.
AUM – NAV
This UTI – Unit Linked Insurance Scheme was launched on October 01, 1971. Its total AUM ratio is 5299.27 crore. Its net asset value (NAV) is 34.1236 rupees. It has a cost ratio of 0.88%. This is similar to its average cost.
Investment Option ULIP plans to invest more than 40% in equity and equity related securities in this scheme. The remaining amount is invested in the credit market or slightly lower risk financial markets. The return on investment is higher as it is invested in conjunction with the market. Income earned under this scheme is tax deductible under Section 80C.
Minimum investment amount
This is a slightly risky project. ULIP requires a minimum investment of Rs 15,000.
The minimum amount required in the same SIP is Rs.500. This plan has no lock-in period and no exit period.
Income Ratio – Income in SIP
1 year – 2.35%
2 years – 13.62%
3 years – 20.25%
5 years – 26.40%
Return on Lumsum investment
1 year – 11.47%
2 years – 43.90%
3 years – 27.59%
5 years – 48.47%
Since its inception – 130.43%
Portfolio
38.29% in shares Credit market – 60% In Government Bonds – 28.27% Low Risk Securities – 30.65% It is similarly invested in a number of sectors, including finance, technology and capital. The fund is largely funded by GOI, Government of Gujarat, H.P. Companies including DFC Ltd., Canara Bank, Larsen & Toubro hold a large number of banks.