•What is a mutual fund?
A mutual fund is an investment that pools your money with the money of many other people with similar investment goals. Professional money managers use the pool of money to buy securities, that, in the team’s judgment, will help achieve specified financial objectives. Together, investors potentially can reap more rewards with less risk investing together than alone through diversification.

•How do I invest through FutureVest Capsol?
To invest in a fund, call your financial advisor to get an application and fund prospectus.

•How do I know which fund is suitable for me?
If you are looking for a recommendation for a particular investment, we suggest you consult a financial advisor. Your advisor will have the knowledge and experience to evaluate your investment needs in light of your current financial situation, your long-term goals and the risk you are willing to assume. With these factors in mind, your advisor can suggest an investment strategy that will help you achieve your financial goals.

•What is the benefit of staying invested in the long term?
Invest for long term – an advice routinely given by many Mutual Fund distributors and investment advisors

•How do I get my returns in Mutual Funds?
Like other asset classes, Mutual Funds returns are calculated by computing appreciation in the value of your investment over a period as compared to the initial investment made.

•What is Net Asset value (NAV)?
The performance of a particular scheme of a Mutual Fund is denoted by Net Asset Value (NAV). In simple words, NAV is the market value of the securities held by the scheme. Mutual Funds invest the money collected from investors in securities markets.

•What is grace period in a life insurance policy?
Grace period is a period of 15 days for monthly modes and 30 days for yearly, half-yearly and quarterly modes available to the policyholder, from the date of the first unpaid premium, to pay the renewal premiums and keep the policy alive. During the grace period, the insurance coverage will be available as per the terms and conditions of the policy.

•What is a Term Insurance?
You can choose to have protection for a set period of time with Term Insurance. In the event of death or Total and Permanent Disability (if the benefit is offered), your dependants will be paid a benefit. In Term Insurance, no benefit is normally payable if the life assured survives the term.

•What is Cashless facility? Whether cashless facility is offered at all hospitals?
Cashless facility means a facility extended by the Insurer or Third-Party Administrator (TPA) on behalf of the Insurer to the insured, where the payments for the costs of treatment undergone by the Insured in accordance with the policy terms and conditions, are directly made to the network provider by the Insurer to the extent preauthorization is approved. Cashless facility shall be offered only at Network Providers which have entered into an agreement with the insurer to extend such services.

•What is EMI?
EMI stands for Equated Monthly Instalments. This instalment comprises both principal and interest components.

•What is the difference between fixed rate and floating rate of interest?
In the fixed interest rate scenario, the interest remains constant throughout the loan period irrespective of the changes in market conditions while in the floating interest rate scenario, the interest can decrease or increase depending on market fluctuations.