What is the SIP (Systematic Investment Plan)? SIP is a method of investing in a disciplined manner. For example, If you have a home loan, you set up an auto-debit on your account so the money you owe gets deducted from your account by the bank on the 1st (or a date of your choice) … Continue reading SIP Basics to Get You Started on Investing
What is ULIP and Investing in Unit Linked Insurance Plan (ULIP)
Three years ago, I invested in an Insurance plan in India hoping my money invested over a period of 5 years will double in 10 years. Honestly, I did not do enough research and did not even know I had invested in an ULIP (Unit Linked Insurance Plan). No surprises, the money invested over a … Continue reading What is ULIP and Investing in Unit Linked Insurance Plan (ULIP)