The introduction of Union Mutual Fund’s children’s fund has reignited discussions about the legitimacy of solution-oriented mutual fund schemes and the validity of including them in one’s investment portfolio. The justification for investing in children’s funds continues to be a subject of ongoing discussion. Advocates for these schemes contend that they provide a convenient and potentially lucrative means of saving for particular financial objectives, such as a child’s education.
India's wealthy opt for term insurance policies worth Rs 5-20 crore: Report
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