To invest in a Mutual Fund, you need to understand the types of Mutual Funds that are available to you.
These are funds that invest exclusively in the stocks of domestic companies listed on stock exchanges. These are categorized as high-risk funds.
These are mainly meant for investors looking for easy liquidity and returns in the short-term. These funds invest in money market instruments such as Treasury bills (T-Bills), Commercial Papers (CPs), Repurchase Agreements (Repo) and government securities.
These are funds that are considered as an alternative to Fixed Deposits. These funds invest in fixed-income securities. Debt funds are typically low-risk funds.
These funds invest in both fixed-income securities (debt) and stocks (equities), thereby offering a balanced portfolio to investors.
When looking for a Mutual Fund, understand its past history. Look at how it has done during market upturns as well as crashes.
Look for the best funds in the asset class (equity, debt or hybrid). Ensure that they will help you meet your financial goals in the time frame that your need. They should also be according to your risk profile.
Check the performance of the fund for different time frames such as 3 months, 6 months, 1 year and so on. While you could check for last 3 years performance in case of debt funds, you can go up to 6 years for equity funds.
The funds that you shortlist using these criteria will be consistent performers and are most likely managed by exceptional fund managers.
Check for the profile of the fund managers and the AMC management. This can be found in the prospectus of the respective Mutual Funds.
Benefits Overview of Mutual Funds
Perils and risks covered by office content insurance policy
Loss or damage caused from fire, lightening explosion
Damage caused by air crash
Damage caused by riots, strikes
Bursting of water pipe and other apparatus
Loss caused from natural disasters such as storm, cyclone, flood etc.
Additional covers provided under insurance office schemes
Covers burglary or forceful entry into the office space
Covers loss of money – in the safe or in transit
Covers all electronic and portal office equipment’s
Covers personal accident & workmen compensation
Other covers – glass plates, neon signs, public liabilities etc.
Key exclusions under insurance for office spaces
Loss or damage of property due to war or nuclear disasters/radioactive contamination
Loss or damage of office content due to willful act of negligence
Loss or damage of property/office equipment while engaging in unlawful activities
Excess/ Deductible / Wear and Tear/ Natural Decay / Collapse or Cracking of Building
Pollution and Contamination
Act of Terrorism
Currency, Stamps, pianting, Precious Stones, Manuscripts etc. unless Specified in policy.
Claim from mentioning incident note and bill Cost of Re-instatement
Fire Bridge Report only if required
Financial Records/Proof for adequacy of Insurance
Other Relevant Documents Pertaining to the loss situation if required
Earthquake(Fire and Shock) ,Terrorism , Escalation
Debris Removal (in excess of 1% of claim amount)
Omission to Insure Additions, Alterations or Extensions
Loss of Rent
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Any damage of office spaces, industrial unit can incur huge business loss to any company or entity. To safeguard your business from unknown perils or dangers, it is best to take a comprehensive insurance policy for office spaces.
The biggest advantage of office insurance policy is that a single policy covers most risks. Some office insurance policies do cover risks third party liabilities as well. However, it is recommended to check with your insurer regarding the same.
Office Package policy covers Standard Fire Insurance and Special Perils. It also covers Burglary, Mechanical and Electrical breakdown for appliances, All Risks for Portable Equipment, and Money in Safe and Money in Transit.