WHAT IS AN EDUCATION PLAN?
An Education Plan allows you to provide/ accumulate sufficient capital for your child tertiary education)
It offers you financial protection in case of:
- Death
- Total & Permanent Disability or Waiver of Premium
So if something happens to you, MUA takes over to build up the capital needed to finance your children's education, regardless of the length of time you have been contributing.
The minimum monthly contribution is Rs.500
Single or joint cover are possible.
Cash in when child reaches 18 years old until 21 years old. (Cash in anytime between 18 years old -21 years old)
THE BENEFITS OF EDUCATION PLAN
- Choice between 4 funds, according to your profile.
- Flexibility:
- Increase your monthly contribution at your convenience.
- Lump sum deposit anytime. - Child income benefits up to 3 times
- Monthly premium
- Automatic Annual Escalation.
- Loyalty Bonus as from 10th year and subsequent 5 year periods thereafter. (Applicable to Dynamic Fund & Balanced fund).
- DEFENSIVE
- BALANCED
- DYNAMIC
- INTERNATIONAL
INVESTMENT OBJECTIVES
The fund seeks to earn better returns than the savings rate offered by commercial banks while seeking to preserve capital and limit volatility. The portfolio is invested in a diversified manner in secure financial instruments. The fund may also have a small exposure to local equities to boost the fund's return.
ALLOCATIONS
| 2020 | 2021 | 2022 | 2023 | YTD | |
|---|---|---|---|---|---|
| FUND | 6.7% | 5.1% | 4.2% | 4.9% | 3.8% |
| BENCHMARK | 0.8% | 4.8% | 10.1% | 9.4% | 3.8% |
INVESTMENT OBJECTIVES
The fund seeks to achieve medium to long-term capital appreciation with a balanced risk strategy. The value of the portfolio will rise and fall with volatility. The overall exposure of the portfolio is diversified across different asset classes: domestic and foreign equities fixed income instruments, real estate and secured loans.
ALLOCATIONS
| 2020 | 2021 | 2022 | 2023 | YTD | |
|---|---|---|---|---|---|
| FUND | 1.8% | 17.9% | -4.6% | 9.5% | 11.5% |
| BENCHMARK | -5.4% | 16.7% | -1.2% | 5.3% | 11.1% |
INVESTMENT OBJECTIVES
The fund seeks to achieve competitive long-term returns and is suitable for investors with a high tolerance for risk. The value of the portfolio may rise and fall significantly in response to fluctuations in the financial markets. The fund invests in a diversified manner in different asset classes, with an emphasis on local equities and foreign assets. The fund may also invest in fixed income instruments to provide some protection against volatility.
ALLOCATIONS
| 2020 | 2021 | 2022 | 2023 | YTD | |
|---|---|---|---|---|---|
| FUND | -5.6% | 24.7% | -9.9% | 9.0% | 15.2% |
| BENCHMARK | -10.1% | 23.3% | -2.5% | 5.9% | 14.4% |
INVESTMENT OBJECTIVES
The fund’s objective is to provide attractive capital appreciation over the long-term. To avoid excessive volatility overtime, the strategy is to hold a mix of foreign assets, with a focus on managed funds invested into diversified equities, fixed income securities and currencies. The Manager follows a philosophy of active asset and geographical allocation, based on its expectation of global economic and market performances.
ALLOCATIONS
| 2022 | 2023 | YTD | |
|---|---|---|---|
| FUND | -7.7% | 12.4% | 16.9% |
| BENCHMARK | -11.2% | 16.9% | 17.4% |
Would you like to know how much to set aside each month to concretize your project or complete your retirement?
Calculate, the amount of the monthly payments necessary to obtain the desired capital according to the chosen profile.
CONTACT OUR TEAM
FOR MORE INFORMATION
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