The most recommended long-term plan is the Mutual Equity Fund. Long-term plans usually come with an investment term of more than 5 years. When a person wants to invest for the long term, there are many objectives behind the investment. The goal could be to create long-term wealth, so that the person can feel secure in the future.
It may consist of achieving important goals in life, or it may simply consist of doubling the money and obtaining good returns on investment. The Insurance Regulatory and Development Authority of India (IRDAI) allowed private equity funds to invest directly in insurance companies and banks to partner with up to nine insurance companies, as part of several measures approved at its Friday meeting that will release some 3.5 billion rupees of capital.