Most of you suggest to go for Term Insurance with combination of mutual fund. Please suggest me some good mutual fund for the SIP of atleast 15 yrs. What strategy should I adopt for such a long term?
Most of you suggest to go for Term Insurance with combination of mutual fund. Please suggest me some good mutual fund for the SIP of atleast 15 yrs. What strategy should I adopt for such a long term?
Funda of ULIP plans
1. Min investments for 12 - 15 years .
2. Go for monthly paying mode in maximum equity exposer
3. If your motive is life insurance (1st), investment & tax benefit.
4. Can't take out before 3 yrs.
5. Expert agent / advisor needed for proper switching to gain 58% p.a.
Funda for mutual fund
1. Term for 2 - 3 yrs.
2. Motive is only investment.
3. SIP is best way to invest / else when market is down 1500 points .
4. Can redeem after 1 year with 10% gain (without any exit load)
5. Proper market watch required
Review your investments once in a year and dump non performing MFs, after every review.Originally Posted by jim
You will pick up maximum wrong numbers when on roaming.
This streatgy would not work for ELSS funds. So always buy, MFs whom have good track record in past.
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