Hotness HOW YOU ARE LOSSING LAKHS OF MONEY , BY OPTING ...

Hot Deal HOW YOU ARE LOSSING LAKHS OF MONEY , BY OPTING FOR LIC .... INVESTMENT/MUTUAL FUNDS DISCUSSION !!

417°
Missing
Deal Cadet
50
103
0

Hey guys
i will explain by an example ( these aren’t exact figures ) :-

In LIC

• I opt for a LIC PLAN , of 12 lakh assured money …
• my age is 18 , I need to pay 36,000 premium per year for 32 years
• i would get 50 lakhs on maturity and i also get a life cover for 24 lakhs

NOW HERE COMES THE SECOND OPTION :-
• instead of LIC , we can invest that money in term insurance and mutual funds

• term cover for 24 lakh = 7000rs per year …
i.e. 2 lakh for 32 years
• money left for mutual funds = 12 lakh – 2 lakh = 10 lakh
we get 2600 rs Per Month to invest SIP ( Large Cap Equity mutual funds who have 5 star rating ) … ( 10,00,000 /32 /12 = 2600 )
• lowest return in history of ( large cap equity mutual funds who have 5 star ratings ) = 10 % …. average is around 13% ….
• let’s calculate SIP returns @ 10 % which is worst case scenario ….
it’s comes around 75 lakhs ….

LIC IS GIVING MAX. 50 LAKHS , WHERE AS WITH SAME MONEY , MUTUAL FUNDS are giving atleast [ 75 lakhs to 2 crore ]… No upper limit as it depends on market and a

• Now I leave the decision upon you …

• Please Note :- i am only telling this , upon meeting many financial planners and many Lic agents …
If anyone have LIC plans , i am not making fun of their choice , I am just trying to help … I myself has taken LIC 2 year back , which i am going to stop …
If i am wrong , please please comment , as I have shared this with my close friend , in his family , he has around 8 policies , if 1 policy is saving atleast 25 lakhs , then he is in loss of around whooping 2 crores …
• IF IT WAS USEFUL THEN PLEASE TELL YOUR FAMILY MEMBERS OR RELATIVE’S , HOW LIC ARE BAD FOR THEM ….

• This post credit goes to my friend Mohit , he isn’t on desidime …

95 Comments  |  
26 Dimers
11111
Super Moderator
198
17162
319

delete

Missing
Deal Cadet
75
119
0

10.5% return is on the higher side my friend. Not saying you can’t get that much return but it’s difficult. On the flipside you might get a loss on the mutual fund portfolio also.

LIC is a safe bet. You’re getting cover plus 6-7% interest on your money.

Now obviously if you can take risk, you should invest in mutual funds only.

Missing
Deal Cadet
50
103
0
worldspy wrote:

10.5% return is on the higher side my friend. Not saying you can’t get that much return but it’s difficult. On the flipside you might get a loss on the mutual fund portfolio also.

LIC is a safe bet. You’re getting cover plus 6-7% interest on your money.

Now obviously if you can take risk, you should invest in mutual funds only.

Bro , please check on website , my friend has gone through every website of mutual funds … Like CRISIL , Value research etc … You can match my figures … 10.5% is Lowest in history of SIP Of equity mutual funds with rating 5 star … 
It’s usually in bracket of 11-17% … I have taken worst case scenario

Missing
Deal Cadet
75
119
0
Expand
Gotiya20 wrote:

Bro , please check on website , my friend has gone through every website of mutual funds … Like CRISIL , Value research etc … You can match my figures … 10.5% is Lowest in history of SIP Of equity mutual funds with rating 5 star …

I have a portfolio of 15 lacs myself and I have many funds where I’m getting only 5-6%. Obviously I do have some funds where I’m getting more than 15% also. So yeah.. depends on your portfolio choices.

Missing
Deal Cadet
88
302
5

So according to your view, bank fd is a scam too?

Untitled 1
Critic
494
4300
122
Expand
worldspy wrote:

I have a portfolio of 15 lacs myself and I have many funds where I’m getting only 5-6%. Obviously I do have some funds where I’m getting more than 15% also. So yeah.. depends on your portfolio choices.

If you are getting 5-6% then you have invested in wrong funds.

Missing
Deal Cadet
50
103
0
Expand
worldspy wrote:

I have a portfolio of 15 lacs myself and I have many funds where I’m getting only 5-6%. Obviously I do have some funds where I’m getting more than 15% also. So yeah.. depends on your portfolio choices.

Bro , I am talking only about 5 star rating , Large Cap equity Funds … I am pretty sure , you must have invested in some other type of mutual fund …. If you meant this only , then okay , my English isn’t strong , so might have misunderstood your comment ..

Missing
Deal Cadet
88
302
5
Expand
Roushh wrote:

If you are getting 5-6% then you have invested in wrong funds.

Mine is negative pensive

Missing
Deal Cadet
50
103
0
Expand
Roushh wrote:

If you are getting 5-6% then you have invested in wrong funds.

Yes , he might have invested in high risk mutual funds … Probably small cap equity

Missing
Deal Cadet
75
119
0
Expand
Roushh wrote:

If you are getting 5-6% then you have invested in wrong funds.

Brother.. if I’d have known before investing which all are right funds.. I’d have become a billionaire. Obviously, all of your investment choice can’t be correct.

Missing
Deal Cadet
50
103
0
Expand
Rahil42 wrote:

Mine is negative pensive

Bro , SIP equity mutual funds are only great for long term … It might have gone negative , but if it’s large cap equity mutual funds , it will grow , don’t worry …. They are for long term , like atleast above 5 years … Usually 10 years and more

Untitled 1
Critic
494
4300
122
Expand
Rahil42 wrote:

Mine is negative pensive

That’s short term. It’s irrelevant.

Some of mine are in 15-20% return in 4 months only. But that’s also short term gain. It’s impossible to keep receiving such returns.

Missing
Deal Cadet
50
103
0
Expand
Roushh wrote:

That’s short term. It’s irrelevant.

Some of mine are in 15-20% return in 4 months only. But that’s also short term gain. It’s impossible to keep receiving such returns.

Bro , can you please tell me , if my calculations were right …
Like from my knowledge , you will definately get above 10% returns in 5 star large cap equity funds … I have assumed for long term goals , atleast 15 years … @Roushh

Missing
Deal Cadet
75
119
0
Expand
Roushh wrote:

That’s short term. It’s irrelevant.

Some of mine are in 15-20% return in 4 months only. But that’s also short term gain. It’s impossible to keep receiving such returns.

That’s what. It’s difficult to get 15-20% continuously.

Untitled 1
Critic
494
4300
122
Expand
worldspy wrote:

Brother.. if I’d have known before investing which all are right funds.. I’d have become a billionaire. Obviously, all of your investment choice can’t be correct.

True.

Missing
Deal Cadet
50
103
0
Expand
worldspy wrote:

That’s what. It’s difficult to get 15-20% continuously.

Yeah , above 15% is difficult , but from my knowledge above 10% is not at all difficult …

Missing
Deal Cadet
75
119
0
Expand
Gotiya20 wrote:

Yeah , above 15% is difficult , but from my knowledge above 10% is not at all difficult …

Maybe not for you but people who don’t have much info about these things, LIC is a safe bet.

Frankly, LIC is not at all an investment option. Insurance and life cover should be the motive if you’re going for LIC.

Missing
Deal Cadet
50
103
0
Expand
worldspy wrote:

Maybe not for you but people who don’t have much info about these things, LIC is a safe bet.

Frankly, LIC is not at all an investment option. Insurance and life cover should be the motive if you’re going for LIC.

Agreed , but Bro , life cover with LIC is very low as compare to term insurance … You can get same cover at a fraction of cost as compared to LIC

Cropped6180125751458686699
Deal Subedar
141
1258
20

If one doesn’t know about which mutual fund to buy, simply go for Index Funds.

Untitled 1
Critic
494
4300
122
Expand
Gotiya20 wrote:

Bro , can you please tell me , if my calculations were right …
Like from my knowledge , you will definately get above 10% returns in 5 star large cap equity funds … I have assumed for long term goals , atleast 15 years … @Roushh

Most probably but not necessarily. And 5 star means nothing unless you do a little research.

Don’t think in terms of rating. Check who is managing the funds. Are his all funds performing better than most in the same category? And where are the manager investing the funds, in which sector and which companies? If it all make sense to you then invest it in.

Roger federer photos 9 150x150
Deal Subedar
109
1071
36

I can invest 40kper year , where should i invest.

Which mutual funds specially?

Missing
Deal Newbie
50
20
0

Don’t mix life cover wishing for return. Simple as that.i fully agree with your post

Untitled 1
Critic
494
4300
122
Expand
worldspy wrote:

That’s what. It’s difficult to get 15-20% continuously.

That’s only 4 month’s return. The estimated yearly return will be 45-60% which is impossible to keep receiving. Yearly return of 15% is achievable.

Missing
Deal Cadet
50
103
0
Expand
Roushh wrote:

Most probably but not necessarily. And 5 star means nothing unless you do a little research.

Don’t think in terms of rating. Check who is managing the funds. Are his all funds performing better than most in the same category? And where are the manager investing the funds, in which sector and which companies? If it all make sense to you then invest it in.

Bro , it was from a newbie perspective … I got what you are saying , but for someone who is investing for 1st time , rating is a good option in my knowledge …

Missing
Deal Cadet
75
119
0
rogerthat wrote:

I can invest 40kper year , where should i invest.

Which mutual funds specially?

Do 3 different SIPs of 1K each. High risk means high returns or high losses. So if you’re risk averse then don’t go for equity funds.

Maybe try liquid funds at the start and then move them to equity funds.

Missing
Deal Cadet
50
103
0
Expand
Roushh wrote:

That’s only 4 month’s return. The estimated yearly return will be 60-80% which is impossible. Yearly return of 15% is achievable.

Agreed

Untitled 1
Critic
494
4300
122

Don’t mix investment with insurance.

Roger federer photos 9 150x150
Deal Subedar
109
1071
36

LIC final payout is tax exempt ! Not so sure.

What about this mutual fund , how much tax.

Missing
Deal Cadet
50
103
0
abhibansal1919476 wrote:

Don’t mix life cover wishing for return. Simple as that.i fully agree with your post

that’s the best line to sum up , how did i forget… It’s the very basic thing , which common people aren’t aware of … NEVER INVEST IN ANY PLAN , WHICH IS TALKING ABOUT BOTH INVESTMENT AND INSURANCE , ITS A TRAP … Like money back policies , ullip , Lic etc ….

Missing