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PROSPECTUS (Abridged version) popular LIFE FIRST MUTUAL FUND First Insurance Company Sponsored Mutual FundPromoting Capital Market Efficiency Through Mutual FundsInvestors are advised, in their own

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How to fill out lic vs mutual fund

01

Research and compare different LIC (Life Insurance Corporation) policies and mutual funds to understand their features and benefits.

02

Assess your financial goals and risk tolerance to determine which investment option suits your needs better.

03

Fill out the application form for LIC policy by providing accurate personal and financial information.

04

Consult with a financial advisor to select the appropriate mutual fund scheme based on your investment goals and risk profile.

05

Complete the required documentation and make the initial investment in the chosen mutual fund option.

Who needs lic vs mutual fund?

01

Individuals who are looking for long-term financial protection and wealth creation may benefit from LIC policies.

02

Investors who seek diversification and potentially higher returns may find mutual funds to be suitable for their investment portfolio.

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What is lic vs mutual fund?

LIC (Life Insurance Corporation) and mutual funds are two different types of investment options. LIC offers life insurance policies while mutual funds pool funds from multiple investors to invest in a diversified portfolio of securities.

Who is required to file lic vs mutual fund?

Individuals who have invested in LIC policies or mutual funds are required to report their investments while filing their taxes.

How to fill out lic vs mutual fund?

To report LIC policies or mutual fund investments, you need to include the relevant details in the appropriate sections of your tax return form.

What is the purpose of lic vs mutual fund?

The purpose of LIC policies is to provide life insurance coverage and investment options, while mutual funds aim to provide investors with diversification and potential for growth.

What information must be reported on lic vs mutual fund?

You must report the details of your LIC policies or mutual fund investments such as policy numbers, investment amounts, returns earned, etc.

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