Ashwini Kunder:035258 : Good Evening Sir!!
Ashwini Kunder:035900 : Welcome to myiris chat show
Ashwini Kunder:035900 : Welcome to myiris chat show
pankaaj.maalde:040041 : Good Evening
Everybody. Will be happy to answer your queries related to the topic, ULIP v/s
Mutual Fund
Ashwini Kunder:040129 : Here we go with our first question...
pankaaj.maalde:040428 : There are lots of arguments and discussion both in favour of and also against ULIP plans offered by Life Insurance Cos. Mutual fund Advisors will suggest their client to buy term insurance and put the balance amount in mutual fund schemes. They will always advise you to keep insurance and investment separately. Insurance Agents, on the other hand, try to push ULIP plans as a combination of insurance and investment option with tax benefit. This tug of war is still continuing, and is never ending.
Ashwini Kunder:040432 : How ULIP and Mutual funds co-related/? What difference they have in terms of investing
pankaaj.maalde:040605 : ULIP first deducts the charges and the remaining amount is invested according the fund opted by policy holder where as in MF your entire amount is invested in the scheme as now there are no entry charges.
Rohit:040746 : Sir, Which is the better investment option ? ULIP or Mutual Fund and why ?
pankaaj.maalde:040949 : In ULIP you have the option of selecting different funds as per your asset allocation where is MF you have to apply separately for each scheme.
pankaaj.maalde:041111 : ULIP has many irrecoverble charges which reduces your overall return, therefore it is advisable to separate your insurance and investment needs. This will give you better result.
Rohit:041436 : sir ,what are those irrecoverble charges under ULIP?
pankaaj.maalde:041627 : The charges in ULIPs are difficult to understand and identify. We have to assess the charges levied in the ULIPs to know the long-term impact on return on our investment. One must know all these charges in ULIP products before finalising for any fresh investment or even for continuing further with existing ULIP. Charges in the ULIP plan. Allocation charges, Policy Administrative Charges, Surrender Charges, Fund Management Charges, Guarantee Charge and Discontinuance Charge
pankaaj.maalde:041741 : Mr.Rohit,Allocation charges are higher in the initial years.
K.Chauhan:041828 : Hello Sir I am in my initial stage of investment. I would like to ask you that what would be better investment for me ?? life insurance or mutual fund ??
pankaaj.maalde:042010 : Mr. Chauhan, We at ApnaPaisa do not advise to invest in insurance and strongly advice to keep insurance and investment need separately. Looking at present financial distribution system and quality of advice available in the market, I strongly believe that Mutual Fund Investment can help a lot to investors.
Santosh:041926 : ULIPs gives insurance cover as well as tax benefits but mutual fund don't give these benefits. still you think Mutual fund are better than ULIPs and what is the right time to surrender ULIPS pollicy
pankaaj.maalde:042429 : Insurance charges are also levied in the ULIP plans are recovered by cancelling your units.Now online term plans are available which are least expensive so in the longer run MF investment will give you more corpus compared to ULIPs. It is not possible to advise on surrender of the plan online as there are many things required to be looked in. You are advised to check the ongoing charges in the plan and also compare the performance of the fund opted by you viz a viz other funds of mutual fund in the same category.
Ashwini Kunder:042939 : Can you suggest good ULIP for my initial investment?
pankaaj.maalde:043144 : As I have already said above we strongly recommend not to invest in insurance. So keep your investment and insurance needs separately. There does not exist any ULIP plan in India which can not beaten by separating insurance and investment.
Ashwini Kunder:043334 : Any SIP available for ULIP plans?
pankaaj.maalde:043515 : All ULIP plans also gives the facility of monthly premium mode, so yes you can also avail SIP facility in ULIPs.
Ritesh K:043747 : Can u also suggest some good ELSS schemes for 2013?
pankaaj.maalde:043917 : ICICI Pru Tax Plan, Reliance Pru Tax plan, HDFC Tax Saver are good to invest.
pankaaj.maalde:044001 : * Reliance Tax Plan
Rohan:043913 : Sir, i have recently started working and i dont have any dependent and i would like to have a corpus of 50 lacs in 10 years, please suggest me how achieve this? what MF or ULIP or Gold should i invest in ?
pankaaj.maalde:044343 : As your time horizon is 10 years, it is advisable to invest in equity through mutual fund scheme. You have to start a fresh monthly investment of Rs. 19,000 for next 10 years to accumulate the desired corpus assuming return of 15% p.a. HDFC Equity Fund, ICICI Pru Discovery and Birlasunlife Dividend Yeild funds are good funds for investment.
Rohan:044855 : Thank you sir for the reply..
Sachin:045014 : Sir, I have 50,000 rs in my saving account, and i want to invest it in MF, should i do a SIP or direct one time investment? and i want the highest return with less risk so which MF scheme i should invest in ?
pankaaj.maalde:045028 : Welcome Rohan
pankaaj.maalde:045422 : Investment decision depends on your goal and time horizon available for investment.It is always advisable to split the investment over a period of time, so SIP will be a good idea.The risk and return go hand in hand and there is no product available in the market where the return is high but the risk is low. If you want high return there is inbuilt higher risk in it.
Ashwini Kunder:045213 : What advice you want to suggest to investors?
pankaaj.maalde:045736 : Do not invest in insurance and keep insurance and investment need separately. ULIP charges will reduce your returns by 3% due to different charges, In most cases Fund Performance is not good compared to mutual fund schemes and you cannot switch to other fund like in MF if your fund does not perform. The only advantage previously in ULIP was the lower fund management charges of 1.35% p.a. but after the launch of direct plan the charges in the mutual fund is also likely to come down by 0.50% to 0.65%.So invest in MF scheme as per your asset allocation.
Ashwini Kunder:045453 : It was a pleasure to have you on the chat. That is the end of the chat session for today. Till then its bye from us. Thank you for your valuable time.LC:045439 : Sir, what is the one striking difference between ULIP and MF?
pankaaj.maalde:050035 : charges in ULIP, the question is already answered above.
pankaaj.maalde:050044 : Thank You.That is the end of the chat session for today.
Thank you all for logging in.
Till then its bye from us.
