Q401
Which among the following is a wealth accumulation product?
A.
Bank Loans
B.
Shares
AnswerC.
Term Insurance Policy
D.
Savings Bank Account
Answer: Option B
Solution
Answer: Option B
Solution:
Shares is a wealth accumulation product. To build a corpus for long-term goals like buying a house, building a retirement kitty or funding a child's education, investors must choose products that provide enhanced earning power. This can come in the form of diversified equity funds.