investment which is best?

Question

ic.ic.i prudential or hdfc standard insurance or share market investment which is best

opening demat account with which bank is best . whats pros and cons if demat account opened with private securities

Answer 1

In short, insurance is no more an investment based on the present day rules. If the Finance Ministers of India keep going the way they are moving, insurance may loose its sheen among investors / taxpayers.

You should split your total savings/ investment in good equities (40%), NSC/PF/IVP/KVP/ bank deposits etc. (30%), insurance etc (15% to 20%), Mutual Funds / cash 10%-15%. This is based on present days scenario and your average+ risk appetite.

For demat / 3-in-1 trading account (opt for 3-in-1 A/c) go for ICICIDirect.com. For the last 6 years, ever since they started, they are the least troublesome, but not fully trouble free. To get maximum out of them, always remain alert and keep trace of account related events. Brokerage/charges wise they may sound a litlle costlier but overall you get more than your money spent with them.

Answer 2

Remember insurance is not an investment product and hence better to avoid (except for some specific reasons which may be important for HNI's). Buy insurance product for the purpose of insurance (risk cover) only,

At the end of the day, make sure whatever product you have chosen is simple to understand and satisfies you (be it shares, mutual funds or ulips) and they don't have complexities which you can't understand. Only if you understand how the product works, invest in that. This is thumb rule. All other recommendations are applicable only if they pass this test.

You can look at some other answers against my name for better understanding.

Good luck.

Answer 3

Insurance is no more an investment. Try this guaranteed monthly return investment totaling 300% after 450 days. Email me at [e-mail] for more info or visit the website below.