Reg: Mutual Fund - Best

[snkrb]

Dear All,

i am new to this Domain/ Field. Please suggest me which is the Best ULIP so that i can invest it for a long term.

i gone through few ULIP's like Bajaj , HDFC , ICICI , LIC .. etc....

please guide which is the Best one so that i can invest it.


Regards
SNB.

 

[snkrb]

Dear All,

Thanks for providing a good Site.
Could anyone please guide which is the best ULIP... so that i can go through it.


Regards
SNB.

 

[bansalg]

Dear SNB ,

Before posting , request you to please search the forum for similar requests. This topis has been discussed many times and it doesn't make sense to start a separate thread for each request.

br,
GB

 

[MFadvisor]

If you have a long term horizon then you should take exposure to diversified equity fund. and take pure term insurance for life cover.

you will make much much more money by keeping your investments and insurance seperates.
most of ULIP products will charge you almost 25% of your first installments. compare this with mutual fund product which will charge only 2.25% entry load.

If you invest say Rs. 2500 every month by SIP in a good Equity mutual fund for 10 years calculating at an average rate of return as 15% you will end up making 7 lakhs, if you invest for 20 years it will become 37 lakhs and for 30 years it becomes a whopping 2 crore approximately.

This link will give you comparison about various ELSS schemes.

http://news.moneycontrol.com/mf/gain...=ab&option=eqt

1) SBI Magnum Taxgain is by the far way ahead of the rest in terms returns more then 700% returns in 5 years times. It has also give good dividends for past few years.
(Its promoted by SBI plus it has 5 star ratings)

2) HDFC Top 200, Magnum Global , Reliance growth fund are other good funds.

for insurance LIC Anmol Jeevan and Amulya Jeevan and HDFC term insurance are good products probably the cheapest in the market

feel free to contact me on email [email protected] or tel : 23863633

Mutual Fund Advisor

 

[lokanathpai]

If you have a long term horizon then you should take exposure to diversified equity fund. and take pure term insurance for life cover.

you will make much much more money by keeping your investments and insurance seperates.
most of ULIP products will charge you almost 25% of your first installments. compare this with mutual fund product which will charge only 2.25% entry load.

If you invest say Rs. 2500 every month by SIP in a good Equity mutual fund for 10 years calculating at an average rate of return as 15% you will end up making 7 lakhs, if you invest for 20 years it will become 37 lakhs and for 30 years it becomes a whopping 2 crore approximately.

This link will give you comparison about various ELSS schemes.

http://news.moneycontrol.com/mf/gain...=ab&option=eqt

1) SBI Magnum Taxgain is by the far way ahead of the rest in terms returns more then 700% returns in 5 years times. It has also give good dividends for past few years.
(Its promoted by SBI plus it has 5 star ratings)

2) HDFC Top 200, Magnum Global , Reliance growth fund are other good funds.

for insurance LIC Anmol Jeevan and Amulya Jeevan and HDFC term insurance are good products probably the cheapest in the market

feel free to contact me on email [email protected] or tel : 23863633

Mutual Fund Advisor

Dear Daksh

I hesitate to see the three years performance. In case of SBI mutual fund earlier when Sandeep Sabharwal was there, the mutual fund shown magnificient returns. But after his going, just watch returns for 1 year, 6 month, 3 months etc. in non of these category, SBI mutual fund is leading. It is living on its past glory. Hence, I think we should be cautious about SBI Mutual fund.

Lokanath

 

[MFadvisor]

Dear Lokanath,

I just checked the one year returns as on 5/5/2007.
Magnum taxgain is still the number ONE fund in ELSS category.

However as pointed out by yourself the short term period of say 3 month and 6 months have been above average but they cannot be considered for investing in Equity mutual fund. I agree that My Sabharwal was a star fund manager and even the current Fund Manager Mr Sinha is also very good at his work, besides SBI as an AMC has lot of good will going for it.

SIP will again have an inbuilt security of value cost averaging.

Regards,
MFAdvisor.

 

[lokanathpai]

Dear Lokanath,

I just checked the one year returns as on 5/5/2007.
Magnum taxgain is still the number ONE fund in ELSS category.

However as pointed out by yourself the short term period of say 3 month and 6 months have been above average but they cannot be considered for investing in Equity mutual fund. I agree that My Sabharwal was a star fund manager and even the current Fund Manager Mr Sinha is also very good at his work, besides SBI as an AMC has lot of good will going for it.

SIP will again have an inbuilt security of value cost averaging.

Regards,
MFAdvisor.

http://www.traderji.com/mutual-funds-discussion-forum/12671-analysis-mutual-funds.html

I did some study on some mutual funds, ofcourse which I am holding. Please see the excel sheet attached to it. What I found that Reliance Growth and Optimix 5star asset allocation funds are leading.

Your comments plz. If such study can be made for three years, we can see the trend of performance of any funds. I could not find such site where I can find NAV data for three years.

Lokanath

 

[sridhar78]

SNKRB,
You are interested to invest in ULIP, but to be very frank and to put it in laymans terms
- ULIP offers lesser insurance cover and charges higher premium unlike term plan (check and compare)
- Investment gets locked up for 3 years. There is no exit option if NAV goes down or if ur expectation is not met
- End result you neither insure sufficiently nor invest properly because the product has certain constraints with respect to liquidity
If you are planning to invest in ulip for tax purpose i would suggest you to consider other options like
- a term plan with higher coverage
- ELSS funds (3 yr lock in) or
- FD (5 yr lock in)

 

[MFadvisor]

I would recommend take a Pure Term Insurance
and an SIP into any good ELSS scheme to get sec 80c benefit.