I have icicipru life time super insurnce policy.which fund is good for investment purpose?

Question

maximiser,flexigrowth,balancer &

protector.

advice plz on switching over between these funds.

Answer 1

Sri,

Investing in any good ULIP policy will never give you good returns. Unlike traditional policies, a ULIP buyer required to monitor the stock market status to take proper decisions to switch the funds between.

I will give you idea to make your money double through your actions. First, find the fund performance of the equity fund (that associated to this ULIP) against its bench mark. If that is a good performer, then switch 90% of your money to that fund when market is in the bear face. For you now it is good time to this switch.

When market is up the maximum say 23 to 34 thousand, switch this money back to a secure debt fund.

follow this procedure. You will get good returns.

Does this make sense

Answer 2

insurance being a long term investment provide a stable option ,so its better to go for maximiser fund. u can switch between fund anytime. ur company ll charge u for that,so better get in touch with them for details.

Answer 3

This depends on your risk profile, requirement and time frame. But this is prudent to keep your fund in maximiser if your time horizon is 7yrs+ and you can digest the equity market voletility. Reduce risk as your maturity date approches.

Answer 4

According to me the advice given by Sherry7 is quite stupid. If you have invested in the maximiser fund when the market was at 20000 level than the market value of your investment today has fallen very low. If you switch now to a protector fund the market value today will get converted and it will never grow even to your investment amount level.