Bajaj Allianz Life Insurance Company Ltd.
Bajaj Allianz House, Airport Road, Yerawada, Pune - 411 006, Maharashtra
Tel No: 020-66026773
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READ MORETerms & Conditions
I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business
Please refer to BALIC Privacy Policy
Why do you think experts recommend a balanced meal?
It is because a balanced meal contains all the important nutrients that your body needs and that too in the right quantity. The health of your body is not dependent on only one type of nutrient. It needs different nutrients for their specific benefits and so, you should include protein, fibre, minerals, vitamins, fats, carbohydrates, etc. in your diet.
Now consider applying the same concept to your financial portfolio. Your portfolio needs different types of investment avenues to generate the possible returns. Dependence on only one avenue is not prudent. Just like a healthy body needs multiple nutrients, a healthy financial portfolio needs multiple investment instruments. That is why portfolio diversification is important.
Portfolio diversification is an activity wherein you allocate your savings across different types of investments. This allows you to spread the investment risk over different asset classes. Moreover, you can expose your savings to the returns offered by different avenues and maximize risk adjusted returns.
For instance, a portfolio which only invests in equity is highly volatile. If the equity market tumbles, the portfolio will suffer considerable losses. On the other hand, a portfolio which only invests in debt will be alienated from the possibility of high returns that equity may offer. That is why portfolio diversification involves investing in equity and debt along with multiple other options available, in a systematic manner, as per your convenience and risk appetite.
Here are some tips on how you can diversify your investment portfolio –
Before you start allocating your savings towards different avenues, you may assess your risk appetite, i.e., your tolerance for undertaking investment risks. If you do not mind risks, you can invest a larger portion of your savings in equity. On the other hand, if you are risk averse, it is better to allocate a larger proportion to debt.
So, first, assess your risk appetite to know which asset class would be a better fit for your portfolio.
The next thing to do is identify the financial goals for which you want to save and their horizon, i.e., the time period after which you need to fulfil them.
Goal identification will help you choose assets that will align with your needs. For instance, if you are planning to buy a car in the next year or two, you need to pick a short-term investment avenue. Similarly, if you want to plan for your child’s higher education or marriage, you can choose long-term avenues.
Once you are done with the preliminary steps, you can start planning your portfolio and its diversification. However, before investing towards your goals, create an emergency corpus. This corpus will help you meet the financial demands of an emergency. Moreover, when you will have an emergency corpus, you can avoid dipping your goal-oriented savings in times of financial crisis. So, you may set aside at least three to six months’1 worth of your income for emergencies. You can consider investing in life Insurance and critical illness plans/riders for financial assistance to you and your family in the case of premature death or medical contingencies.
Now is the time to diversify your portfolio. To do so, explore the different types of investment avenues available in the market. You can consider investing in market linked plans like ULIPs.–
Explore these avenues and invest in those that match yours –
Allocate your savings across different avenues so that you can enjoy better returns while the risks are diversified.
Rather than choosing individual investment avenues, you can also opt for readymade diversified portfolios like those offered by ULIPs, etc. These schemes have a readymade portfolio which is diversified across different securities and also professionally managed. For instance, under ULIPs, you can invest in equity, debt and balanced funds and each fund has a diversified basket of market linked securities.
While diversifying your portfolio, take care to plan your taxes too. There are different types of investment avenues that provide tax benefits either at the of investing or on the returns earned. Life insurance plans are one such example.
Pick from different investment avenues for a diversified and balanced portfolio that allows equity-oriented returns as well as debt-oriented stability. Make a healthy portfolio which helps you achieve your goals without any hassles and makes you financially independent.
References
https://cleartax.in/s/emergency-fund-invest
BJAZ-WEB-EC-01852/22
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Bajaj Allianz Life Insurance Company Ltd.
Bajaj Allianz House, Airport Road, Yerawada, Pune - 411 006, Maharashtra
Tel No: 020-66026773
Branch Visit Timings:
Monday to Friday - 9:00 AM to 3:30 PM (IST)
Saturday - 9:00 AM to 1:00 PM (IST)
Customer Care Helpline:
1800-209-7272
Monday to Sunday: 9:00 AM to 7:00 PM (IST)
24/7 (All week days)
Sales Enquiry Helpline:
1800-209-4040
Monday to Saturday: 9:00 AM to 7:00 PM (IST)
For NRI: +91-20-35125850 (Call charges apply)
Monday to Saturday: 9:00 AM to 7:00 PM (IST)
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~Tax benefits as per prevailing Income tax laws shall apply. Please check with your tax consultant for eligibility.
**Past performance is not indicative of future performance.
The above information is for general understanding and is meant to educate the general public at large. The reader will have to verify the facts, law and content with the prevailing tax statutes and seek appropriate professional advice before acting on the basis of the above information.
In this policy, the investment risk in investment portfolio is borne by the policyholder. Investment in ULIPs is subject to risks associated with the capital markets. The policy holder is solely responsible for his/her decisions while investing in ULIPs. The views stated in this article is not to be construed as investment advice and readers are suggested to seek independent financial advice before making any investment decisions. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajallianzlife.com) carefully before concluding a sale.