Hi All.

Hi All,

I am very much new for this MF world. Trying to get thru these terms (NAV..etc.). I need some suggestions to start my investments with MF.
I am planning to invest around 10K per month (long term). Please suggest me what all could be the best proven options. Remember I am low profile guy and very much dependent on my Monthly Pay chq..

I have already donw with one session with Reliance guy. and he suggested by the "Child life Insurance"(ULIF) plan.(As I have two kids,3.2 Yrs and 1.2 Yrs). But some how I am not very much conveniced with him. Please suggest me.
Thanks in Adv.
Regards,
Chandra

Hi chandra,

A warm welcome to Traderji ! If you're planning to invest in a mf now may not be a very good time considering the uncertainty of the market. I would recommend you wait.

In regard to ULIP's there are a plethora of them in the market but I personally prefer term plans. Kotak's preferred term plan (only for non-nicotine) users is the cheapest.

In case you want to invest in a ULIP it requires a lot of study, do not invest unless you are not 99% but a 100% satisfied with the plan, otherwise you will be stuck, the agents will try to push you into investing as they get a commission, it is my personal experience that the majority of them do not act in the best interest of the customer.

Insurance agents are the last people you should go to for advice.