MUTUAL funds are best for doubling your investments in 5 to 7 years....... you can go for a balanced fund from reputed fund houses like HDFC, RELIANCE or BIRLA MF. a balanced fund puts part of its corps in safe investments like bonds & part in equity thus there is adequate safety & reasonable growth.
go to your bank & aske them details of all balanced mutual funds & am sure they will advise u.
2007-06-25 21:46:23
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answer #1
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answered by noname273 3
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I'd say it's a great idea. You're 19, in good health. A whole life policy is for you. The premiums are dirt cheap because of your age and they will stay the same no matter how old you get as long as you keep the policy. The money you set aside in them will earn interest (better than what you'd get at a bank), and here's the sweet part: unlike a bank, the interest you earn in your policy is tax free. Another sweet part: The money you store up in your life policy cannot be touched by creditors, or the IRS. Why? Because insurance companies are not regulated by the federal government like banks are. They are regulated by the states. Therefore, they do not have to report to the federal government like a bank does, which means the gov has no way of knowing about the money you have in your policy. This is a little known fact that most people don't know about. You should consider other investment vehicles too, but your life policy would probaby be a very good base for you that you can keep as long as you want. At your age, the money will grow big time in the coming decades if you don't touch it and let it grow. Plus there's a death benefit in case something would happen to you.
2016-05-20 22:56:39
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answer #2
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answered by ? 3
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As per the Financial experts view, it is not right to mingle insurance with investment. Insurance companies are good in providing risk cover and not in investments. Hence take a good term policy like JEEVAN AMRIT or amulya jeevan from LIC at cheaper rates and invest the balance in any 5 star rated mutual funds or to save tax invest in best performing ELSS funds.
Good luck
pnkmurthy@yahoo.com
2007-06-26 22:49:29
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answer #3
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answered by toknowmore 4
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Any ULIP policy can give returns of your expectation.
in 2005-06 bajaj allianz paid 48.16% return. Means if you invest in that ULIP in2005, you might have been doubled now.
bajaj providing good market returns in ULIP.
BUT in my opinion Dont choose ULIPs with high allocation charges
Choose Capital Unit gain policy in Bajaj. This has lesser allocation charges (5% only). so you can save your capital by 15 to 28% than other ULIPs.
Also dont buy it from tradational advisors. now a days bajaj ulips are available thrugh refferal marketing. in this way you can also earn more refferal commisions in addition to policy benifit.
can you believe that three of your potential refferal can yield you 28crores in a course of time?
its a lengthy subject. for more details about ULIPS and refferal bonus contact in
devaraj0910@yahoo.com
2007-06-25 23:26:19
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answer #4
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answered by Anonymous
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Never use banks or insurance companies for your investments. They generally perform badly, give poor advice & sell the most expensive products that usually are inappropriate or significanly more costly than the competition.
Please take this seriously.
Consider yourself warned.
2007-06-26 01:52:54
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answer #5
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answered by Common Sense 7
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Yes we do have in AVIVA LIFE INSURANCE
Plan Name: Life Bond 5
We are a undertaken AVIVA Saving Plan want more detail contact me
I am Mani from INDIA
09884102338
http://mmeas.blogspot.com/
2007-06-26 04:54:25
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answer #6
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answered by Anonymous
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Please refer the site below for your info. I hope nowadays doubling in 7 years is taking place even in MF.
2007-06-25 21:01:26
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answer #7
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answered by Anonymous
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