dear all, thanks for this service ! wellsaid, every word is true. charges like premium allocation, administration ,fund management etc..deducts our units,so end of the day maturity benefits are very nominal. stay away from such market propogonda. thanks,
understanding finance is not a plaything.And it comes to monitoring and getting to know the intricacies of the abstruce and unpredictable stock market the matter becomes more difficult.It is essential to have the services of a prudent and expert financial advisor to decide what kind of insurance one must buy because it is a highly subjective matter.
HE NEVER LEARNED FROM HIS FIRST FALL.. 'HE IS AGAIN ON THE COCONUT TREE' WELL, AFTER HOW MANY FALLS WILL HE LEARN..... IS HE WORKING TO CLIMB COCONUT TREES... SHANKARAN IS MAR- VELLUS MAY BE FROM TAMIL NADU.....HA HA HA....
I completely agree with the analysis.In fact, such schemes are the marketing gimmics to give filip to the sagging ULIP market by the desperate insurance companies. All the prudent investors are advised to take up the route of SIP in good equity mutual funds ,which have historically given decent returns over a long period of time. Also , as correctly advised, insurance coverage should only be through term plans, every thing else in the garb of Insurance ( Investment) is garbage, please shun it.
Re: Highest NAV
by Rahul Khanna on Mar 25, 2010 01:35 PM
Quite rightly said. I studied brochure for ICICI Pinnacle Fund.For first 3 years the charges deducted would be 14%,4% and 2%. Their representative was smart enough to tell this but what he didnt tell was there are other charges also something to the tune of .25% or so which would be deducted ANNUALLY.Also it would be much better if one buys a good balanced fund or a good tax saving instrument(ELSS) for 3 years and then keep it for 7 years. You would see a significant returns; more than offerred by these so called HIGHEST NAV offering companies.
Re: Re: Highest NAV
by plain on Mar 25, 2010 02:01 PM
"Also it would be much better if one buys a good balanced fund or a good tax saving instrument(ELSS) for 3 years and then keep it for 7 years. You would see a significant returns; more than offerred by these so called HIGHEST NAV offering companies." I am a novice as far as finance goes, if u can elaborate on the last part of ur writeup, I think it will be a better article than the one published, in the same time many like me will benefit. Thanks.
Re: Re: Re: Highest NAV
by Santosh Sanap on Mar 25, 2010 02:15 PM
When u go for Highest NAV Ulips you should ask about Portfolio Printouts. How much fund investing in equity and debts? Compare all the companies then decide.
Re: Re: Re: Re: Highest NAV
by sridevi on May 04, 2010 04:25 PM
Sebi has banned ulips. u need to understand atleast by now the dignity of ulips and ulip agents. This author is really brainy. You need to read his author articles also
Re: Re: Re: Highest NAV
by sridevi on May 04, 2010 04:22 PM
Hi! Even i have similar doubts. But this article is really a good one. We need to really thank the author of this article. I am plannning to contact the author of this article for seeking investment advice. You may also contact him. his email id is given below the article itself.