Out of a total income of Rs.8 lakhs/yr.I invest 1.4lakhs in LIC.Loan EMI 1.8lakhs/yr.Household expense2.5lakhs



Please tell me if I should surrender all or part of my LIC policies, although that won’t be profitable. Where & how should I invest the remaining sum?

Out of a total income of Rs.8 lakhs/yr.I invest 1.4lakhs in LIC.Loan EMI 1.8lakhs/yr.Household expense2.5lakhs
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One Reply to “Out of a total income of Rs.8 lakhs/yr.I invest 1.4lakhs in LIC.Loan EMI 1.8lakhs/yr.Household expense2.5lakhs”

  1. Thank you for asking,

    Surrender part of your policies and invest in mutual funds like reliance MFs (look for Natural Resources Growth Fund), ICICI prudential, etc.

    Also donot go for their(MF) ULIP plans invest only or 100% in equity in all the Mutual Funds. Also don’t trust what the mutual fund agents says. Its better to open an account at icicidirect.com and invest directly from your bank account in MFs else you need to pay Entry and Exit prices for the MFs.

    From the below URL you can track all the Mutual Funds performance and other details.
    http://www.moneycontrol.com/mutualfundindia/

    Thank you for reading.





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