Q406
Which of the below can be categorised under wealth accumulation products?
A.
Bank deposits
B.
Life insurance
C.
General insurance
D.
Shares
AnswerAnswer: Option D
Solution
Answer: Option D
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.