Hi, Till This Past Year I Saved 6 Lakhs In Fds. I Visited Icici & They Stated I Could Possibly Get Upto 30% Results Easily Purchase Icici Initial Platinum Plan For 3-Year...

[Baynebridge]

Hello, Till This Past Year I Saved 6 Lakhs In Fds. I Visited Icici & They Stated I Could Possibly Get Upto 30% Results Easily Purchase Icici Initial Platinum Plan For Three Years In Maximiser (development) Account Two. And So I Set 5 Lakhs. They Subtracted 60,000 As Costs But Guaranteed I'll Recover It Quickly. I've To Place Another Advanced Quantity Of 1 Lakh In January 08. Have Now Been Examining Frequently But Our Account Value Isn't At-All Growing. It's Today 410345. After I Named They Said To Not Worry Because It May Recover About The Long Term. Want To Know From All Skilled People What Must I Do. Leave It There Or Eliminate & Make A Move Else.

[Proinsias]

This Really Is Sridhar below a professional in economic planning. And i completely accept Jai Singh. He's set it brilliantly.
I truly emphatise with you. The ICICI men haven't told u the merchandise precisely. It appears u got caught up from the 30% results they described. Such large results r not sustainable over longer intervals. I am sure u might were taking a look at trading the cash for this to develop. However now u have would up with a 25 lakh insurance policy along with it. Follow the hyperlink below.
http://universe.iciciprulife.com/EBI/GenerateOutput.aspx?HPro duct=PremierLifeGold&FName=Kumar&LName=&Gen=Male&age=37&Term=10&S A=2500000&APrem=500000&PPT=3&Max=100&Bal=0&Prot=0&Pres=0&syear=&s prot=&spres=&sbal=&smax=&syeariddb=&samt=&stype=&syeariddp=2&samt iddp=100000&sSA=0&stypeiddp=Decrease&CADBR=0&CCIR=0&ADBRSA=&CIRSA =&pdf=1
have run a simulation assuming R age to become 37 years. U can easily see the outcomes for ur self if u follow the above mentioned link. You've no option-but to carry on for atlea

[dennie18]

They must have meant 30% in 3 years! You should never put all your eggs in one basket; basics of investing!!

[Ataiah]

if this can be a mutual-fund plan subsequently first u ought to be obvious abt '" on which guidelines 60000 has-been taken. it comes around 12% out-of which max.2.5% is accessibility weight. Keep tune with r expense atleast for 1 or 1.5 year becoz it's anticipated that marketplace is likely to be favorable after july n it might deliver greater results by end-of dec.

[Garadun]

Mutual funds are those that are managed by banks and they consist of losers and gainers in the market place. Before you ever buy mutual funds you need to first find out which companies consist of that particular script that you have bought. Once you identify which companies form part of that script you will be able to find out how they are performing in the market. Scripts which have small time companies have a higher risk and low returns. Companies that are mid size have higher risk with a higher potential for return in the long run. Companies that are large have lower risks obviously. So you returns are dependent on the constituents of the mutual fund. At this point in time the stock market is below the 13k mark. If you withdraw from this current ICICI bank mutual fund and buy shares in companies like reliance, BHEL, wipro and infosys, your 4 lakh will experience at least a 30% growth in the next 6 months. By the end of the year the market is expected to touch 15,500 mark given stron

[Boyne]

When you buy a ULIP policy, there is a charge you pay each year. It is quite steep in the first year and gradually reduces in subsequent years.

In your case, the charge in the first year was 18 per cent of his premium was taken away as charges. Now, from the balance some money would be apportioned towards providing him the life insurance benefit and balance would get invested as per his chosen allocation of 100 per cent equity. Now, you can quite clearly see that if the commission paid by the life insurance company is a per cent of the charges - then the advisors stand to gain based on the charges that you pay. Now if you are the proud owner of a ULIP - go back and check the premium you pay and find out the minimum premium that is payable for your policy. If your advisor tells you that you have done the right thing and that you just need to pay the premium for three years so on and so forth - be warned your charges are very high, the stock markets may crash - your policy can becom