ULIP / Insurance / Pension Plan to Mutual fund

[kishdhika]

Dear Sir,

I had most of my investment in ULIPs, Pension Plan and Insurance. After lot of analysis I have taken a term policy as insurance and rest received surrendered money, i have with me and wish to invest in mutual fund.

I have one time 1 Lakhs to be invested in one shot and want to open SIP of Rs. 10,000/- monthly. Request you to guide with horizon of long term horizon of 15 to 20 years.

Would be grateful to have proper guidance.

 

[saivenkat]

For SIP i have no ideas in store, but for ULIP you could wait for the markets to correct for 10 to 15 % from here, as i feel its not the right time for investing now, more so, from sep-10, the lock in period for ulips are 5 years.. better wait to invest on ULIP.

May be my suggestion would be to take Conventional plans in Insurance, which have a single premium option ( as you wish to invest in single shot, other wise you could go for yearly modes of premium payment..)along with those which have Guaranteed additions in the policy. One such plan is KOMAL JEEVAN in LIC.. Just check with your Agents.. and kindly revert.

Happy investing..

Saivenkat:thumb:

 

[vishal412]

For the Long term perspective, Mutual Funds growth are good option. So i would suggest to go for MF investments, and you must select Mutual funds with a consistent performance track record, which is a function of the sound investment processes and systems followed by the fund house.

 

[kishdhika]

Thanks for reply.

Would be more of help if someone can suggest or create breakup / portfolio for good mutual fund for investing 1 Lakh Lumpsum and monthly 10K more in detail.

 

[yodlee99]

Congrats on taking a term insurance policy and terminating ULIP which are plain money-suckers.
Invest 1 lakh in a few debt mutual funds and do STP into equity fund of the same fund house (AMC) either once a month or once a week. Pick 3 to max 4 mutual funds and stay invested for long (15 to 20yrs+).
Select from: HDFC Top 200 (Largecap), DSPBR Equity (Multicap), Reliance Regular savings equity(Multicap) are more stable while Reliance Growth (Mid/smallcap) and IDFC Premier EQUITY Fund(Mid&small cap) are high-risk/high-reward type funds.

Try these:
Invest 25K in Reliance Short Term Fund and STP into Reliance Regular Savings equity fund or Reliance Growth from 2nd day onwards.

Invest 25K in DSPBR Savings Manager Fund(Aggressive)& STP to DSPBR EQUITY Fund.

Invest 25K in HDFC High Interest Fund Short term plan & STP to HDFC Top 200 or Prudence Fund.

Invest the rest in IDFC MMF - TP - Plan A & STP to IDFC Premier EQUITY Fund.

Good luck !

 

[kishdhika]

Dear Sir,

Thanks for the guidance.

Regards,
Kish

 

[surfingminds]

Congrats on taking a term insurance policy and terminating ULIP which are plain money-suckers.
Invest 1 lakh in a few debt mutual funds and do STP into equity fund of the same fund house (AMC) either once a month or once a week. Pick 3 to max 4 mutual funds and stay invested for long (15 to 20yrs+).
Select from: HDFC Top 200 (Largecap), DSPBR Equity (Multicap), Reliance Regular savings equity(Multicap) are more stable while Reliance Growth (Mid/smallcap) and IDFC Premier EQUITY Fund(Mid&small cap) are high-risk/high-reward type funds.

Try these:
Invest 25K in Reliance Short Term Fund and STP into Reliance Regular Savings equity fund or Reliance Growth from 2nd day onwards.

Invest 25K in DSPBR Savings Manager Fund(Aggressive)& STP to DSPBR EQUITY Fund.

Invest 25K in HDFC High Interest Fund Short term plan & STP to HDFC Top 200 or Prudence Fund.

Invest the rest in IDFC MMF - TP - Plan A & STP to IDFC Premier EQUITY Fund.

Good luck !

M doing 1 & 3 with equil money allocated 2 lakh each

 

[San Yad]

Not Sure when you redeem the HDFC mutual fund units they do the ridiculous things too.

Here is the experience of HDFC bank. This is the first private bank which does such ridiculous task with customers

Earlier they charge 5 Rs for NEFT transactions and they do reverse the Rs 5 at the end of the month upon many arguments. I think if you don't complaint and argue with them then they keep charging and will not reverse.
Few months later they stopped doing the reverse even without informing customers and silently start charging. Few months ago, again noticed that they started charging Rs 10. Not sure this is for what?

So careful with HDFC bank. They do what they want. and when you call them they will say this is our policy sir.
So be careful.

I heard about the FDs they do the same . Even they deduct from the principle amount even.