I am hoping to invest 60k per annum in Bajaj Alliance Future gain. Is this good plan Vs HDFC balanced fund plan?
The policy bazaar is pushing on 5yrs term instead of 10 or 15 yr.
Also, policy bazaar says that "Bajaj Alliance Future gain" is waiving off the GST as I am still below 2000 applicant. Does it may any sense?
3 Answers
Hi,
Bajaj Alliance Future gain - is an Unit Linked Endowment plan.
If getting adequate life cover is your requirement, suggest you to ignore buying these kind of insurance plans.
'Waiving off GST" etc - these are typical marketing gymicks.
Related articles :
https://www.relakhs.com/traditional-life-insurance-plan/
https://www.relakhs.com/insurance-importance-life-health-accident-covers/
https://www.relakhs.com/term-insurance-plan-a-waste-of-money/
https://www.relakhs.com/best-online-term-insurance-plans-india/
Thank you, Sreekanth. I am looking at pure invest plan, any suggestion and I am ready for 5yrs-10yr. I have a SBI life as term plan.
Hi,
Do you hold any investments in Mutual funds?
Suggested reading :
https://www.relakhs.com/list-of-best-investment-options-schemes-in-india/
no I do not hold any investment. I do have PPF and sukanya samrudhi account.
Hi,
If so, you may surely consider investing in Equity mutual funds.
You may pick a balanced fund and a large -cap fund, if you have a time-frame of 5 years.
Ex : HDFC Balanced fund & Birla Frontline Equity / SBI bluechip etc
Suggested readings :
https://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/
https://www.relakhs.com/best-mutual-fund-schemes-2017/
https://www.relakhs.com/best-balanced-mutual-fund-schemes-review/
Thank you Sreekanth. Any suggestion for 10yrs and 15yrs?
Hi..You may refer to my article on Best Equity funds. You may consider funds like Birla Equity, Franklin Prima plus, HDFC Mid-cap / Mirae Emerging Equity etc.,
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