Hi Srikanth,
Please help me on my portfolio the details as below:
Product Name ICICI Pru Lifelink Wealth SP Fund Name
Fund Name
Multi Cap Growth Fund Units No. 1080 @ 21.13
Multi Cap Balanced Fund Units No. 2798 @19.07
Income Fund Units No. 1302 @ 17.85.
The above Ulips holding from Jan-11 Investment amount of Rs. 75,000/- now Fund Value Rs. 99,448/- please suggest can I continue the same or any changes required.
2. Recently as per your article started new funds investment
1.Birla Sunlife Frontline Equity fund growth - Direct plan @ 2000/- PM
2.DSP Black Rock Micro Cap fund - Direct Plan @ 2000/- PM
3.ICICI prudential FBChip Eq fund Direct plan growth @1000/- PM
and Yearly I am saving an amount of Rs. 1.20L (60+60 HLY) on LIC payments includes my parents for this I park monthly 10 K to my saving account. for this please suggest any best liquid funds.
and also I have Rs. 1 lakh corpus fund (FD in Andhra Bank) with next month maturity, can i continue with FD the same otherwise suggest any liquid funds.
doing online investment thru MFUtility is it safe right?
1 Answers
Hi,
ICICI Pru LifeLink Wealth SP is a single premium unit-linked insurance policy (ULIP) where the premium amount is invested in the capital markets which could be debt, equity and/or cash market instruments.
May I know the policy tenure? (is it 10 year or 30 year one?)
To get decent returns from an ULIP, one has to remain invested till policy maturity. And the returns are also dependent on the type of fund(s).
Mutual Funds:
Kindly check the portfolio overlap % between ICICI & Birla funds.
Read:
http://www.relakhs.com/mutual-fund-portfolio-overlap-comparison-tools/
Do you maintain/have sufficient Emergency (Contingency) Fund? (can be minimum 6 times of your monthly expenses)?
Kindly go through below articles;
http://www.relakhs.com/best-debt-mutual-funds-india-top-debt-funds/
http://www.relakhs.com/best-arbitrage-funds-returns/
http://www.relakhs.com/list-of-best-investment-options-schemes-in-india/
MFU is safe to invest as it is an industry sponsored MF investments platform. But you may not find value added features that you generally get on other online MF distribution platforms.
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