Regarding Investment (Need Advice)
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I recently became an NRI and was looking to invest in Mutual Funds. As a rookie, I was browsing through policybazaar and subsequently entered my details. I received a call from a financial planner from Policybazaar accordingly today.
So, he made me understand a lot of terms and helped me understand the various available funds.
Finally, we agreed to invest 15k per month for 5 years in HDFC life Bond Plus fund as its current NAV value was about 11 INR. So, I invested 15k through policybazaar.
Is this a good decision?
Also, I told him I am planning to invest another 35k per month. And he will be coming up with details of other funds tomorrow.
Please let me know your views as an expert. Thank you in advance.
PS.: I have only NRE/ NRO account and do not have any Demat account (which I did not require while paying the amount through policybazaar)
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through demat acc?
What did he say about the fund that convinced you to invest?
First benefit was capital guarantee
{its written as “Your invested amount is 100% guaranteed and will be returned at maturity.”)
Second benefit was Inbuilt life Cover of ₹11.7 Lac throughout the policy term
Third benefit was I would not have to pay taxes on the interest earned.
Any suggestion would be really helpful.
Congratulations. You just purchased a ULIP policy.
any suggestions if its a good investment for starter or if I should withdraw?
@marketdimer @bikidas2060 @MrKool_JJ investment wale guruji
@rogerthat bank wale babuji
@drjpatwa insurance wale doctorji
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Ham toh chota baccha.
Aur aap kissi master 🐒🐒
Can you please suggest few index fund plans
You have capacity to pay 50k per month for next 5 years? Why not just buy a flat in your hometown in upcoming area and resale it after few years? Till then you can even rent it out and add that money to your EMI + this 50k.
instead buy a commercial property, with lack of jobs and unavailabilty of land, a shop will fetch more rent and won’t depreciate ever, requires very less renovation charges and can be liquidate much easily. buying a piece of land is second preference. only one can get loan on flat, should invest if possible otherwise there are huge amount of housing property available beforehand. do the business where demand is more and supply is less. with pmay, till 2022 there will be overflow of residential property.
@rahul2004
What is your Age? Risk and for how long you want to invest…
No1 cant provide you investment options without knowing that.
ULIPs are one of the worst investment options (Higher charges, Low life cover..its as good as not their and plus unnecessary lockin)
Bro, currently i am 32. I can go for moderate risk options with diversity in mf and a little of stocks maybe. I am hoping to invest for atleast 5-7 years.
Received the entire 15k spent on ulip through policybazaar after cancellation.
I stated investing on two index funds sip with icici from today as suggested by @bikidas2060
As i keep understanding these finances, i will start more sips.
Thanks everyone for your expert advice.
Arey bhai log apna SIP pause karo, bulls ko thoda saans lene do, market ko thoda thamne do.
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No need to buy Growth Plans anymore.
Just get fund names, check performances and then invest in their Direct Plans on your own.