let’s distinguish between mutual funds and insurance in easy language, going into depth on each point:
1. Objective:
Mutual Fund: A mutual fund is an investment vehicle where multiple individuals pool their money to invest in a diversified portfolio of stocks, bonds or other securities. The main goal is to earn returns on your investment.
Insurance: Insurance is a financial product that provides protection against specific risks. It provides payment in case of events such as accident, illness or death, called claims. The primary purpose of insurance is to provide financial security and cover unexpected expenses.
2. Investment vs Security:
Mutual Fund: Mutual fund is all about investment. When you invest money in a mutual fund, you hope that your wealth will grow over time through capital appreciation or income (dividends or interest).
Insurance: Insurance is primarily about protection. You pay a premium to an insurance company, and in return, they provide coverage for specific risks. It is not an investment for growth, but a safety net for unexpected events.
3. Risk and Returns:
Mutual Funds: Mutual funds carry different levels of risk depending on the underlying assets. They can potentially provide higher returns but also come with the risk of losing money due to market fluctuations.
Insurance: Insurance provides peace of mind by reducing financial risks. Although it does not generate significant returns, it ensures financial stability during difficult times.
4. Liquidity:
Mutual Funds: Mutual funds are generally more liquid. You can sell your mutual fund units at any time and receive your money within a few business days.
Insurance: Insurance policies often have a fixed term, and there may be penalties or limited returns if funds are withdrawn prematurely. They are not designed for short-term liquidity needs.
5. Tax Benefits:
Mutual Funds: In some cases, some types of mutual funds offer tax benefits. For example, investing in tax-saving mutual funds (ELSS) may offer tax deductions under specific sections of the tax code.
Insurance: Many insurance policies, such as life insurance, offer tax benefits. Premiums paid and benefits received may be tax-free or may be eligible for deduction under tax laws.
6. Goal:
Mutual funds: Mutual funds are typically used for long-term financial goals, such as retirement planning, buying a home, or financing education.
Insurance: Insurance is primarily used to protect against unexpected circumstances like the death of the breadwinner, medical emergencies, or leaving an inheritance to beneficiaries.
7. Cost Structure:
Mutual funds: Mutual funds have expenses, including management fees and operating costs, which can eat up your returns.
Insurance: Insurance policies may have premium charges, mortality charges (in case of life insurance) and administrative charges. These costs vary depending on the type of insurance.
8. Premium vs Investment Amount:
Mutual Funds: You invest a lump sum or make regular contributions (SIP) in a mutual fund, and the entire amount is invested.
Insurance: You pay a regular premium for your insurance coverage, and only a part of this premium goes into investments (in the case of some insurance plans).
Finally, mutual funds are investment vehicles that aim to grow your wealth, while insurance is a financial product designed to protect you and your loved ones from unexpected events. It is important to understand the differences and choose the right financial tool based on your financial goals and needs.
How to apply for Bharti
To apply for, follow these general steps:
Check Eligibility Criteria :Before applying, make sure you meet the eligibility criteria mentioned in the official notification of the recruitment you are interested in. Criteria usually include educational qualification, age limit and sometimes physical standards.
Registration : Visit the official website and navigate to the "Apply" section. There, you will find the ongoing recruitment links. Click on the appropriate link for the Bharti you wish to apply for.
New Registration : If you are a new user, you need to register first. Provide required details like name, date of birth, email id and mobile number to create your account.
Login : After registration, login using the credentials you provided.
Fill Application : Fill the application form with accurate details of personal information, educational qualification, work experience (if any), etc. Be sure to double-check all information before submission.
Upload Documents : Upload scanned copies of required documents like passport size photograph, signature, educational certificates etc. as per the specifications mentioned in the notification.
Fee Payment : Pay the application fee online through the payment gateway provided. Fee payment details will be available in the notification.
Submit Application : After completing all the steps and verifying the information provided, submit your application to
Print Application Form : After successful submission, download and print a copy of your application form for future reference.
Admit Card : Keep an eye on the website for updates regarding release of admit card in . Download your admit card once it is available.
Prepare for the Exam : Start the recruitment exam preparation as per the syllabus and exam pattern given in the notification.
Appear for the Exam : Appear for the exam on the scheduled date, at the designated exam center.
Check Results : After the exam, check the website regularly for updates on the result declaration.Remember to stay updated with the notifications and announcements issued by regarding the recruitment process.
Selection Process for Bharti
The selection process for recruitment usually consists of several stages:
Notification : Releases notification for various posts throughout the year. These notifications contain details like eligibility criteria, exam dates, syllabus and application process.
Application : Candidates must apply online through the official website within the specified dates mentioned in the notification. They have to fill the application form, upload the required documents and pay the application fee.
Admit Card : After the completion of the application process, it issues the admit card to the eligible candidates. Admit cards contain details like exam date, time and venue. Candidates must download and print their admit card from the official website within the specified time. Admit cards are required to enter the examination hall and candidates must carry a valid photo ID at the examination center on the day of the examination.
Exams: Different types of exams are conducted depending on the posts
Result Declaration : It declares the result of each level of examination on its official website. Candidates who are eligible for one tier are eligible to appear for next tier.
Document Verification : After qualifying all levels of the examination, candidates are called for document verification. They need to provide original documents like educational certificates, identity proof and other necessary documents as specified by .
Final Selection : Final selection is based on candidate's performance in all levels of examination as well as verification of their documents. Merit lists are prepared based on the total marks obtained by the candidates.
Appointment : Candidates selected as per merit list are appointed to respective posts as per available vacancies.