Top 10 Investment Plans Available in India
Some of the most popular investment plans in India are listed below:
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Reliance Cash Flow Plan:
This investment plan provides double advantage of simple liquidity through down payment of cash besides life assurance. The basic benefit of this policy is the cash flow that it provides during the tenure of the policy. Other details of the policy are mentioned as under:
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Minimum and maximum tenure of the policy is 7 years and 34 years exclusively.
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Minimum sum assured - ` 25,000
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Premium Payment mode: yearly, half yearly, monthly, quarterly
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Tax Benefit: Maturity and death benefits are not valid under IT sec 10(10D) and tax deduction on premium income of upto ` 1,00,000
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An advantage to include two Riders namely: Total and Permanent Disablement Rider and Critical Illness Rider & Accidental Death Benefit.
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HDFC Children's Gift Fund Investment Plan
The investment plan produces long term savings expansion through endowments chiefly done in equity and equity linked tools. Other details of the policy are mentioned as under:
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Face Value: ` 10 ` /Unit
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Minimum Investment: ` 5000 (for new investors) and ` 1000 for (current investors)
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Units valid under lock in period: 3% of exit load if the Units are transferred between 1st and 2nd year, 1% of exit load if units are
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transferred between 2nd and 3rd year and no exit loads if units are transferred after 3rd year.
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ICICI Bank Fixed Deposit scheme
This investment plans come with an extensive range of term periods, provision of partial extraction and an assortment of fixed deposit investment plans. Other details of the policy are mentioned as under:
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Maximum and Minimum Investment limit: NIL
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Fixed loans through Fixed Rate Deposit accounts
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E-banking for Fixed Deposits accounts
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Fixed term deposits offer tax haven and protect investor from features influencing fixed deposits for a longer tenure of calculated tenure.
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ICICI Prudential Gilt Fund
The excellent performance of the fund makes, ICICI Prudential Gilt Fund the most sought after investment plan by individuals in greater tax brackets. The fund is a tax proficient way to accrue debt returns. Other details of the policy are mentioned as under:
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Greater yields compared to pure fixed deposits.
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Exit load of 1% on the endowments if the amount less than rs 1 crore is transferred with 1 year of the date of commencement of the plan
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Mirae Asset GILT Fund
A Gilt scheme, Mirae Asset Gilt Fund is chiefly invests in public owned securities with flexible maturity dates that are subjected by national and state level administration. It provides highest liquidity exposure to administrative securities which are protected and present greater liquidity. Other details of the policy are mentioned as under:
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Capital Market Instruments: 0 - 35%
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Existing Expense Ratio: 2.25%
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Regular Plan Investment: ` 5000/-
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Institutional Plan Investment: ` 10,00,000/-
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Provident Fund Investment: ` 10,000/-
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Exit Load on Regular Plan is 0.15% if transferred within 15 days, 0.15% on Institutional Plan if transferred within 15 days, 0.15% on Bonus if transferred within15 days and 0.15% on PF if transferred within 15 days.
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HSBC-Link India Equity Fund
The investment fund yields long term market growth through a varied range of equity investments of firms listed under stock exchange of India. Other details of the policy are mentioned as under:
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The invested amount is not fixed under any tenure
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Investment will be done through bank's investment-linked scheme.
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Provision of withdrawing investment at any time
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Tax free returns
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Unrestricted transfers between funds
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HDFC Savings Assurance Plan
A "with income" investment plan, HDFC Savings Assurance Plan helps the investor to expediently strengthen his long term endowments and guarantee that his family is secured even after his demise. Other details of the policy are mentioned as under:
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The selected insurance amount will be invested straight into the plan from the investor's bank account
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Bonus added into the investment every year
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On the date of maturity the policy forfeits the principal amount insured including the Reversionary Bonuses allocated to the investor.
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Tax benefit under IT Act Section 80C and 10(10D)
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An amount equivalent to 80% of the premium income obtained is forfeited
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SBI Magnum Income plus Fund Investment Plan
The investment plan offers impressive returns through intermittent dividends or through fund growth by administering the debt, equity and capital market portfolio. Other details of the policy are mentioned as under:
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Minimum Investment: ` 25000
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Exit Load of 1% if the amount is redeemed within 6 months and 0.5% of exit load if the amount is redeemed within 1 year.
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Face Value: ` 10 ` /Unit
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Earnings are generated via voucher imbursements, paying back of the concession on the debt tools, receipt of surplus amount or trading of securities
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Birla Floating Rate Fund
The investment plan is beneficial in generating uninterrupted income via endowments in portfolio entailing significantly of floating rate debt/capital market plans. Other details of the policy are mentioned as under:
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Face Value: ` 10 ` /Unit
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Minimum Investment: ` 10, 000
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Entry Load: 2.25% for amount < 5 crores. Nil, for amount > 5 crore.
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Sundaram BNP Paribas Floating Rate Fund
The investment plan yields reasonable income by designing a portfolio entailing floating rate debt and fixed rate plans, interim bonds and capital market plans.
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Face Value: ` 10 ` /Unit
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Minimum Investment: ` 500
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No exit load on Regular Plans, 0.50% exit load on Long Term Regular Plans if the amount less than ` 10 lakhs is redeemed within 180 days of the commencement of the plan
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