When the stock markets are volatile and unpredictability becomes a hindrance to encourage further investment, it leaves the customers perplexed. To top it all if the debt market doesn't attract you because of its low interest rate, investment may seem customary. However, lately banks have been offering an 8% interest rate per annum for investors. A reason good enough to invest in Fixed Deposits (FD). What's more? The investments in FDs qualify for tax benefits too under Section 80 C of the Income Tax Act, 1961, provided the minimum tenure selected is five years.
If the inclination to invest in stock market still persists but are still skeptical, try via Unit Linked Insurance Plan (ULIP) route. It provides cushion to those who are risk averse. ULIPs offer insurance protection along with the option to invest in the stock market. The best part of investing in stocks via ULIPs is that you can choose the funds suiting your risk profile.
If you know that a particular fund is at its high and is performing well, with the switch over option you can move to that fund. You can do that when the fund in which you have invested is performing poorly or you feel the returns are high in some other fund. The funds offered by ULIPs give the investors an exposure to both high and low equity investments. Based on your risk profile, make your pick.
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