i want to invest in these funds.DSP Blackrock Tax Saver,principle personal tax saver.,DSP Blackrock Tax Saver,HDFC Tax Saver,Birla Sun Life Tax Relief 96. can u tell me is it okay or not.9590047839
i want to invest in these funds.DSP Blackrock Tax Saver,principle personal tax saver.,DSP Blackrock Tax Saver,HDFC Tax Saver,Birla Sun Life Tax Relief 96. can u tell me is it okay or not.
i have taken SBI INSURANCE PLAN -RP FOR 50,000/- P.A. IT IS A ULIP.
HOWEVER THE AGENT TOLD ME THAT IT IS A PENSION PLAN, WHERE I HAVE TO INVEST FOR 3 YEARS ONLY, AND THEN AFTER A TOTAL PERIOD OF 7 YEARS, I WILL BE GETTING A MONTHELY PENSION OF APPROX 6000/- P.M.
BUT WHEN I RECEIVED THE POLICY, NOTHING SORT OF THAT WAS MENTIONED IN IT. IT WAS A REGULAR PAYING PREMIUM PLAN FRO 20 YEARS AT RS 50 K PER ANNUM.
I WROTE TO SBI MAIN OFFICE BOMBAY, THE REPLY THAY GAVE WAS UNSATISFACTORY, THAT WHATEVER IS MWNTIONED IN POLICY THOSE BENEFITS WILL BE GIVEN
AND THEY ARE TAKING ACTION AGAINST THE AGENT AND CLOSING THE MATTER.
I HAVE AGAIN WRITTEN TO THEM FOR IT AND NOT RECEIVED ANY RESPONSE.
WHAT SHOULD I DO?
SHOULD I CONTINUE WITH THE POLICY OR ABANDON IT IMMEDIATELY OR AFTER 3 YEARS.
RE:insurance
by on Oct 07, 2007 03:17 PM Permalink
Hi Sandeep,
The plan you are talking about is ULIP, which has an inforce locking of 3 years. Though the policy is for 20 years but after three years, you can withdraw your amount at NAV price. You will be entitled to receive approx. 98% of your fund value. I'll personally suggest you not to close it now as you will only receive approx. 25% (Rs. 12500) against your saving of Rs 50000 as a surrender value. I am also a financial and tax planner and also associated with ICICI Prudential as an advisor. I am not sure but it seems that SBI Insurance advisor has misguided you but you don't worry as ULIP plans are not bad choice from investement and tax saving point of view. I am not sure about SBI but if we talk about returns given by ICICI Prudential then I can say that for last 5 consicutive years it is 37% while in other conventional saving schemes like PPF, NSC, KVP , bank FDs, we get max. 8-9% along with longer locking period as compared to ULIP.
If you have any other query, please feel free to ask.
I would like to know if the ELSS schemes you invest in, have any risk. Agreed that your fund manager manages the schemes and all, but what if the scheme you invest in, doesn't do well ? Do you loose your money in that case ?
I just wanted to know if the ELSS schemes have any risks like the normal equities? Agreed that they are handled by fund managers, but is there a chance wherein if your scheme doesnt do well, you would loose your money ?
RE:do ELSS schemes have ne risks, like the normal equities ?
by Akshay Nagapurkar on May 14, 2008 04:23 PM Permalink
Everybody love to exand the bussines, which is possible only when the fund manger is doing well.
if they wont do well how the fund hoses will run for long years. So i think if you are investing in proper fund house then your money will have no harm.
And there is always risk in mutual fund because it is depending on the market condition, and every one knows that India is next Booming country. So India and Investor both are having win win situation.
To know More about the practical aspects You can Call me 9325040532 or 9833119937.
Hi All, Well i am Maneesh Chauhan and i am s/w engg. As i need u r help on the ELSS . As i am checking the ELSS can you please name good ELSS mutual funds where should invest the money . One more question what is the difference between the open ended and close eneded mutual fund.
RE:ELSS Query
by on Aug 24, 2007 03:45 PM Permalink
reliance tax saver.thi is very good performerb in mutual fund.this is very minimum NAV. OPEN ENDED MEANS:YOU CAN WITHDRAW YOUR MONEY AT ANY TIME. CLOSE ENDED MEANS:YOU CAN WITHDRAW ONLY AFTER THREE YEARS.9380696438
RE:ELSS Query
by Akshay Nagapurkar on May 14, 2008 04:26 PM Permalink
There are so many good schemes but which one is really suits you can be judged by financial advisor or me, So you can call me on 93250 40532 or 9833119937
