Only a person living under the rock may not have heard about mutual funds today. We have grown up hearing about mutual funds especially that they are ‘subject to market risk’. Mutual funds have been a popular investment product for a very long time. It is an easy investment product that allows the investors to gain potentially higher returns at relatively lower costs. There are many types of mutual funds in the market for the investor to choose from like equity mutual funds, debt mutual funds or hybrid mutual funds.
Apart from this, the investors now are getting the option of adding an insurance cover to their investment.
We discuss the details of such insurance cover that comes with a mutual fund investment. The pros and cons of the same as well as its need. (more…)