Actually you want your money to grow and fulfill their needs in the future. For these purpose you people will start saving for the future.
Investing will be of different types like protecting your family, Education for your child, Want to purchase a sweet home, want to buy a car, future retirement plans and so on.
My friend has taken the Canara Robecco Equity Tax Saving Plan, which is mix off investing in Equity and having a Tax Saver for the future.
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But if we compare with UTI Nifty Index Fund and these Canara Tobacco Equity Tax Saving Fund, we see that UTI Fund is doing far better than Canara Fund.
Actual growth is far less, but the data shown is far above the market average, which is not feasible.
Even Canara Insurance Policies Also boast 12% but policy holders are getting below 4% inflation rate.
Disadvantages are high expense cost like 2% and keep on compounding.
Risk is very high!!
Not a Good Fund To Invest, though they have invested in good companies, but majority are in debts.
For Best Advice On Shares, Mutual Funds and Bonds, SMS 7000188030, now. We are very Busy. But we will be there to help you garner best growth for you!!
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