ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -An accumulation plan is a general financial strategy in which an investor attempts to build the value of a portfolio. In the context of mutual funds, an accumulation plan is a formal arrangement in which an investor contributes a specified amount of money to the fund on a periodic basis.

Detailed explanation-2: -The accumulation phase essentially begins when a person starts saving money for retirement and ends when they begin taking distributions. For many people, this starts when they begin their working life and ends when they retire from the work world.

Detailed explanation-3: -The accumulation phase refers to the time in the life cycle of an investment when an individual or an investor builds up the value of their annuity or investment. It is the second phase in the process of investing.

Detailed explanation-4: -Asset accumulation is building wealth over time by earning, saving, and investing money. It can be measured by the total dollar value of all assets, by the amount of income that is derived from the assets, or by the change in the total value of the assets over a period of time.