How good is ICICI Bank's R.I.C.H. fund. I am looking for a 5-6 years horizon. How good would it perform ?

Question

How good is ICICI Bank's R.I.C.H. fund. I am looking for a 5-6 years horizon. How good would it perform ?

Answer 1

ICICI Bank's R.I.C.H. fund was a misselling done by ICICI bank. They show it on their website like it is a Mutual fund, though it was a fund of a ULIP. When innocent person applied for it, they just sold him a ULIP with high costs.

Try any other Diversified equity fund like Reliance Growth, DSP ML TIGER.

Answer 2

Hi gaurav,

   First you should know where you want to invest. ICICI R.I.C.H fund is a part of ULIP. ULIPs come with high entry cost. If you dont own any ULIP and looking for a long term 10 yrs its good. But in this volatile market its better to have an diversified equity mutual fund. You can contact me if you are from bangalore for your investments.  Only as fund investment its not time to get in to RICH fund.

Answer 3

never ever get misled by the name, thats what they want !! ULIPs are dangerous..