tag:blogger.com,1999:blog-34865085.post2881647927492021399..comments2023-09-23T20:40:10.940+05:30Comments on Guide to investing in MFS and ULIPS: Tips to avoid becoming a victim of financial advisorsRaj Gopal Vuppalahttp://www.blogger.com/profile/08848407300011143864noreply@blogger.comBlogger42125tag:blogger.com,1999:blog-34865085.post-28086992105072987042010-11-16T10:19:21.825+05:302010-11-16T10:19:21.825+05:30Dear Raj,
I am Satya, My age is 29. I have LIC je...Dear Raj,<br /><br />I am Satya, My age is 29. I have LIC jevan anand policy for 10lakhs with time period of 21 yrs.for which i pay perium of 51,000 every year. My query is this policy good one. And right now i am looking at a long term pension plan which give more returns with covering life risk and i can invest around 50k per year can you please sujest me something.<br />Thanks <br />Satyasatyanoreply@blogger.comtag:blogger.com,1999:blog-34865085.post-52063324188766007912010-05-10T16:13:41.966+05:302010-05-10T16:13:41.966+05:30Hi
sir, can u please give me suggestion what to do...Hi<br />sir, can u please give me suggestion what to do. I am investing in Life Time Gold since 2008 i;e already paid 3 premium of Rs. 120000(Rs. 20-20 thousand of two policy). If I surrender I will loose 2 %. so what to do should I continue for 2 more year i.e. 5 year thn I withdraw. Please suggest me or partially withdrawn if yes how much I can do it per year.<br /><br />Thanks<br />PhilipAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34865085.post-26683229094747404882010-05-10T16:10:32.310+05:302010-05-10T16:10:32.310+05:30Hi Mr.Raj Gopal Vuppala
Can u please give me sugge...Hi Mr.Raj Gopal Vuppala<br />Can u please give me suggestion what to do. I am investing in Life Time Gold since 2008 i;e already paid 3 premium of Rs. 120000(Rs. 20-20 thousand of two policy). If I surrender I will loose 2 %. so what to do should I continue for 2 more year i.e. 5 year thn I withdraw. Please suggest me or partially withdrawn if yes how much I can do it per year.<br /><br />Thanks<br />PhilipUnknownhttps://www.blogger.com/profile/15825916356786857200noreply@blogger.comtag:blogger.com,1999:blog-34865085.post-72531275750992882942010-04-04T13:54:22.919+05:302010-04-04T13:54:22.919+05:30Need your advise.. I am 41yrs old and my kids are ...Need your advise.. I am 41yrs old and my kids are 9yrs old and 5 yrs old. I have been looking for some child plans (ULIPs). I have just invested in sbi smart series II around 99,000 per annum for 3 yrs, I have decided to sign an another one with SBI (child plan). As I am yet to sign this one, need your advise . Are these good? Is there any other better suggestion from you? Can you suggest? Is my decision to invest in ULIPs is good? Thanks in advance. MunavvarUnknownhttps://www.blogger.com/profile/10853147925273986035noreply@blogger.comtag:blogger.com,1999:blog-34865085.post-32965036029042484292009-12-18T04:24:39.416+05:302009-12-18T04:24:39.416+05:30Hi Raj,
I'm beginner in Mutual Funds. I need ...Hi Raj,<br /><br />I'm beginner in Mutual Funds. I need good plan for medium-risk & short term. Could you pls advise for my need. Thanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34865085.post-8456195840332827442009-12-18T04:22:52.434+05:302009-12-18T04:22:52.434+05:30Hi Raj,
Good work. I'm Sri, 23 yrs old. I'...Hi Raj,<br /><br />Good work. I'm Sri, 23 yrs old. I'm beginner in stocks,bonds,etc.. & but interested in Mutual Funds. I need some good MF plans with short-term & medium risk. Could you please advise for my expectations. Thanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34865085.post-71636158382277830462009-11-18T14:07:33.537+05:302009-11-18T14:07:33.537+05:30You should have invested in MF. Since ULIPs gives ...You should have invested in MF. Since ULIPs gives you very little insurance coverage. Otherwise you can go for a term insurance.sreerajkshttps://www.blogger.com/profile/14294193784495569742noreply@blogger.comtag:blogger.com,1999:blog-34865085.post-36088203896416327202009-11-13T16:38:23.839+05:302009-11-13T16:38:23.839+05:30Dear Mr. Raj,
Need your advise.. I am 38yrs old a...Dear Mr. Raj,<br /><br />Need your advise.. I am 38yrs old and my kid is 6yrs old. I have been looking for some child plans (ULIPs) as I am not comfortable with MFs. My agent has suggested me LIC Child plus. I have signed up for this and I am paying Rs.5000/month (Rs.60000/annum). I am not sure how good is this Ulip, so I have decided to sign an another one with SBI (Unit plus 2 child plan). As I am yet to sign this one, need your advise on these ULIPs. Are these good? Are there any other better Ulips in the market? Can you suggest? Is my decision to invest in ULIPs is good? Thanks in advance. Murahari.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34865085.post-28945428068709442892009-07-10T21:03:33.246+05:302009-07-10T21:03:33.246+05:30Hi Raj,
This is great work from you.We all are rea...Hi Raj,<br />This is great work from you.We all are really thankful to you for guiding us.<br /><br />Many of the plans and salesman gives false promises and people gets trapped in this.My agent for ICICI lifetime has even a list of address of people who got around 200% of profit by investing in ICICI life time, but in reality around 99% of people gets around 10-15% of profit.<br /><br />Raj, As you have spent so much years in this, do you have a list of plans with the charges they deduct and the expected % gain after 5 years.That will be really helpful to all of us.<br /><br />Regards<br />Sreerajsreerajkshttps://www.blogger.com/profile/14294193784495569742noreply@blogger.comtag:blogger.com,1999:blog-34865085.post-80789429193008667712009-06-05T13:03:40.915+05:302009-06-05T13:03:40.915+05:30i am looking for best child plan. I have gone thro...i am looking for best child plan. I have gone through some plans which are ULIP based. agent from Max Newyork is asking me for Smart stepping plus plan of children. i am confused for same now, how i can decide its best for me or other company plans are more benificial.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34865085.post-89849238880697495702009-06-03T18:39:22.632+05:302009-06-03T18:39:22.632+05:30Hi,
I have taken ICICI prudential Life Time Gold...Hi,<br /> I have taken ICICI prudential Life Time Gold for tax saving.I have to pay Rs 70,000 as premium for three years.But,now I want to surrender the policy.Please let me know how much surrender charges are deducted.I took the policy on 31Mar,2009 and now it is almost three months.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34865085.post-75043258001379186802009-03-28T21:45:00.000+05:302009-03-28T21:45:00.000+05:30Hi Raj,I had taken icicipru life time super insura...Hi Raj,<BR/><BR/>I had taken icicipru life time super insurance policy 2 yrs back which requires to pay a premium of rs18000 per annum..its present fund value is rs25000aprox..when i log in my account, it shows nav rate 8rs approx n 3100 apprx units...so can u tell me if nav value increases, then is it a good sign for me,,hw the units will be decided??Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34865085.post-35926891508087147922009-02-11T15:02:00.000+05:302009-02-11T15:02:00.000+05:30Hi Raj,This is a great post and what I am amazed a...Hi Raj,<BR/><BR/>This is a great post and what I am amazed at is that you have been answering to comments since so long! Awesome!<BR/><BR/>What I have gathered from your opinions is that Bajaj Allianz has the most hidden charges and like many people I have invested in them without proper background study. I know that was a wrong decision.<BR/><BR/>In any case, I have 2 plans with them in which the yearly premium is 25000 each and life cover is 10X.<BR/>The policy is Capital Unit Gain and fund is Equity Index Fund II.<BR/><BR/>I have paid 2 annual premiums so total of 1 lakh in last 2 years. Currently, as per their online system, the value is around 60,000 (both policies put together)<BR/><BR/>Both the policies have a minimum 3 year premium paying period. One of the policies has a lock in for 18 years (for my kid), the other is free to withdraw after 3 years.<BR/><BR/>Now, I have no intention of pulling out my money in the short term or stop paying premiums after the 3-years mandate as it does not make sense. <BR/>I also know that I need to and want to invest in other avenues, but being the single earner putting in 50k a year in Bajaj Allianz, I am unable to do that (I also have other investments like PPF, 80CCC, LIC)<BR/><BR/>After maybe 7-8 years or so, I do want to divert that money elsewhere with the assurance that my fund will grow despite their charges and market conditions.<BR/><BR/>I have 2 questions:<BR/><BR/>1) At what kind of value or return % should I stop paying premiums? <BR/><BR/>2) How should I balance the debt/equity? How should I decide when to switch and how much to apportion in each?<BR/><BR/><BR/>Thanks in advance,<BR/>SamSameerhttps://www.blogger.com/profile/17299274918797177583noreply@blogger.comtag:blogger.com,1999:blog-34865085.post-7773698266408145472009-02-10T19:57:00.000+05:302009-02-10T19:57:00.000+05:30Ravi,Please stay away from 3 or 5 year plans. If y...Ravi,<BR/><BR/>Please stay away from 3 or 5 year plans. If you are planning to save for a goal after 15 years, then ideally you should opt for a plan which lets you build your corpus by investing for atleast 10 to 15 years. <BR/><BR/>Any plan which requires you to invest for 3 years are not in your best interest.<BR/><BR/>-RajRaj Gopal Vuppalahttps://www.blogger.com/profile/08848407300011143864noreply@blogger.comtag:blogger.com,1999:blog-34865085.post-90728443005562880072009-02-10T16:16:00.000+05:302009-02-10T16:16:00.000+05:30Hi Raj, Thanks for ur blog.I am planning to invest...Hi Raj, Thanks for ur blog.<BR/>I am planning to invest in SBI Life - Unit Plus Child Plan for my child 4 of age now, for 3 year PPT plan, i.e. 84000/- upto 3 year. It would be long term investment around for around 15 Yrs. I have gone through the others posts and hope now you have already studied the above plan's pros & cons. Please let me know is it a good planning to invest in ULIP as mkt is quite down these days. or any other thing to take care.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34865085.post-5459516940661649902009-01-19T15:53:00.000+05:302009-01-19T15:53:00.000+05:30Dear Raj,I appreciate your work and blog.An SBI li...Dear Raj,<BR/><BR/>I appreciate your work and blog.<BR/><BR/>An SBI life agent is pushing me for SBI Unit plus child plan.<BR/>I am 30 years old and a a Baby Boy of 9 month.<BR/>I want to invest 25K per annumn in childeren plan to make sure his education investment needs.<BR/>Please advise about this plan.<BR/><BR/>Thanks<BR/><BR/>AmitAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34865085.post-60735691003391318802009-01-11T11:15:00.000+05:302009-01-11T11:15:00.000+05:30Dear Neo,If your primary objective is to save taxe...Dear Neo,<BR/>If your primary objective is to save taxes, then stay away from any insurance policy.<BR/><BR/>The following are the options I would advise.<BR/><BR/>1. PPF<BR/>2. ELSS<BR/><BR/>Distribute your tax savings between PPF and ELSS. PPF brings stability since it is a safe investment. ELSS offers growth on the long run.<BR/><BR/>Regarding the stock market crashing, now is actually the time to invest not stay away from it. And a lot of people do not understand that now is the time to actually invest for long term.<BR/><BR/>Thanks,<BR/>RajRaj Gopal Vuppalahttps://www.blogger.com/profile/08848407300011143864noreply@blogger.comtag:blogger.com,1999:blog-34865085.post-5656392386603478502009-01-09T14:28:00.000+05:302009-01-09T14:28:00.000+05:30Hi,I have read few of the articles in your blog an...Hi,<BR/><BR/>I have read few of the articles in your blog and i found them really helpful.<BR/><BR/>I have a query. I am thinking to invest 70k so that i get tax exemption. I am little worried about investing in mutual funds reason being the present day market condition. I have already invested 25k in ICICI Prudential life insurance (life time gold-5lac) and the fund value has decreased considerably from 20k to 10.66k, so i am little skeptical about investing in elss. I am presently thing about investing 51k in lic's aastha and 20k in ppf. <BR/><BR/>do you think there is any other good plan i can go for, be it ulip or mf( btw i am 25 yrs old) as i can go for long term plans as well?<BR/><BR/>please help me in this regard.<BR/><BR/>NiloyUnknownhttps://www.blogger.com/profile/16934375075100150483noreply@blogger.comtag:blogger.com,1999:blog-34865085.post-43457287603097633722008-11-17T17:35:00.000+05:302008-11-17T17:35:00.000+05:30Dear Nayak,Oflate, I have not had the time to revi...Dear Nayak,<BR/><BR/>Oflate, I have not had the time to review the specific plan suggested by you. But the following would be my advise.<BR/><BR/>1) Get illustrations for child plans for all the companies like Kotak, HDFC, ICICI, SBI.<BR/><BR/>2) Once you get the illustrations for the same premium and sum assured, now compare which illustration gives you the maximum return. The one that gives maximum return is the one that has the least charges.<BR/><BR/>3) Please also make sure all these plans come with the premium wavier offer and also the sum assured.<BR/><BR/>PS: Insurance should not be taken as an OBLIGATION. You objective should be more about securing your child's future rather than taking some policy because of pressure.<BR/><BR/>Thanks,<BR/>RajRaj Gopal Vuppalahttps://www.blogger.com/profile/08848407300011143864noreply@blogger.comtag:blogger.com,1999:blog-34865085.post-37773771842833996602008-11-17T03:41:00.000+05:302008-11-17T03:41:00.000+05:30Very nice blog. I would like to know your opinion ...Very nice blog. I would like to know your opinion on the following. I would like invest for my kids education (5 and 3 year old) and a SBI life agent is pushing me for SBI Unit plus child plan. I am 35 years old. <BR/>-NayakRajhttps://www.blogger.com/profile/00367113357272239027noreply@blogger.comtag:blogger.com,1999:blog-34865085.post-8387358599995733992008-09-07T19:40:00.000+05:302008-09-07T19:40:00.000+05:30Dear Mak,I have received your email and have repli...Dear Mak,<BR/>I have received your email and have replied to it.<BR/><BR/>Thanks,<BR/>RajRaj Gopal Vuppalahttps://www.blogger.com/profile/08848407300011143864noreply@blogger.comtag:blogger.com,1999:blog-34865085.post-52892332393440976862008-09-07T16:08:00.000+05:302008-09-07T16:08:00.000+05:30Dear Raj, I have been going through your posts sin...Dear Raj, <BR/><BR/>I have been going through your posts since last few days and they are really gr8.<BR/>My age is 27 & I have already invested one lakh in mutual fund & now I want to invest around 50,000 per year in ULIP Plan.<BR/>With this I want to get insurance of my life <BR/>Should I invest in Bajaj Allianz Fortune plus as advised by an agent.<BR/>And Following are my requirement:-<BR/><BR/>1)Life covers for atleat 10 to 15 lakh.<BR/>2)For haw many years in should invest<BR/>3)My time frame is 3-5 yrs for investment & won’t be withdrawing for atleat 10-15 yrs <BR/><BR/>Or is there any better option?MAK_143https://www.blogger.com/profile/05660010036913686647noreply@blogger.comtag:blogger.com,1999:blog-34865085.post-6412325266584131702008-08-17T12:48:00.000+05:302008-08-17T12:48:00.000+05:30Here is a link for Human Life Value CalculatorHere is a link for <A HREF="http://www.personalfn.com/calc/hlv.html" REL="nofollow">Human Life Value Calculator</A>Raj Gopal Vuppalahttps://www.blogger.com/profile/08848407300011143864noreply@blogger.comtag:blogger.com,1999:blog-34865085.post-14254458703571985832008-08-17T12:43:00.000+05:302008-08-17T12:43:00.000+05:30Dear Rajiv,A big portion of the charges are deduct...Dear Rajiv,<BR/>A big portion of the charges are deducted in the first year, which you have already paid. So the damage has already been done. Reducing premium is going to reduce your Sum Assured of 15 Lakhs. If you are not adequately insured, then I would advise you to continue paying the premiums just for life cover.<BR/><BR/>Before we decide if you need to reduce your premium, the following are the factors that will need be considered.<BR/>1) Identify how much insurance you will need<BR/>2) Check how much insurance you currently have.<BR/><BR/><BR/>To evaluate your insurance cover required, a simple formula is to have insurance cover 10 times your gross salary. A more accurate way to check your insurance needs is to use a <A>Human Life Value Calculator</A><BR/><BR/>If the insurance cover you have is less than what is needed, then I would advise continuing the premiums at the same level.<BR/><BR/>Thanks,<BR/>RajRaj Gopal Vuppalahttps://www.blogger.com/profile/08848407300011143864noreply@blogger.comtag:blogger.com,1999:blog-34865085.post-44061468183059027952008-08-16T20:24:00.000+05:302008-08-16T20:24:00.000+05:30Dear Raj,Thank you very much for your prompt respo...Dear Raj,<BR/>Thank you very much for your prompt response to my query. <BR/>Firstly I would like to correct an error I made in my query. Premium payable by me is 30K half yearly (by mistake I mentioned 60K yearly)<BR/><BR/>The responses to your queries are:<BR/>1) I have made premium payments only for FY 2007-08 and the dates these premiums were paid are: Sept 26, 2007 and Mar 26, 2008 of Rs.30k each. Policy commencement date is 26.09.2008<BR/>2) The total fund value as on Aug 15, 2008 is Rs. 47,231/= (Online status check)<BR/>3) The policy document says: “From the first Policy Anniversary onwards you may propose and increase or decrease to the Regular Premium payable under the policy provided". However, the document also says the annual should not go below Rs.15K after the reduction.<BR/><BR/>Please advise.<BR/> <BR/>Waiting for your early response.<BR/><BR/>Thanks and Regards,<BR/><BR/>RajivUnknownhttps://www.blogger.com/profile/10756546829059859986noreply@blogger.com