Dear RN,

You can take Cover upto Rs.6 Lacs without Medical Test if you have Completed 46 Years. If you are Running 46,You can take cover upto 10 Lacs in IDBI Fortis Wealthsurance ULIP Plan.

You can not Switch Funds online in IDBI ULIP.You have to send Request
by FAX / E- Mail ( Scanned Copy) / Personally or by Courier.

After Few Months online Switching may be Possible.

You will get ONLINE SWITCHING Facility in ULIPS of Reliance(AIP ULIP)with (52 Switches Free Per year ) & HDFC ULIPS ( 24 Switches Free Per year)if you DONT NEED High Insurance Cover ( you may get Insurance upto 30-40 Times of Annual Premium in Reliance & HDFC ).

If you are Interested mainly for Returns ( Not Insurance Cover), you may OPT for Reliance AIP Single Premium( Rs.25000 or more only once).

DONT Take any other ULIP of Reliance ( other than AIP).

P.C.Sharma
...

Dear Mr.Sheshadri,

Please switch some of your Funds.

DSPML T.I.G.E.R. to DSPML Top 100 Equity.
Templeton PRIMA to Franklin PRIMA PLUS
Sundaram Rural Fund to Sundaram Select Focus Fund

After 2 Years you may Switch to Balance Funds of Respective Fund Houses

You can call Reliance Mutual Fund by Telephone to Request them to send UNIT Account Statement by Post/Courier.(o22-30301111)


P.C.Sharma...

Dear RN,

It is correct that Market is very Low & GOOD Traders can make Excellent Profits till next 1-2 Years by Trading & may Continue to add Gains in Next 5-6 years.

This is Most Appropriate Time for Investment in Shares / MF & ULIPS
( if you need Insurance or want to Maximise Gains by Switching).

One lot of Stock Futures may cost Approx. Rs.25000.As far as I understand,in Stock Futures,the chances of Losing Money are not ZERO.

If you Invest Rs.25000 in ULIP & switch between Equity & Debt, you can Maximise Gains without paying STT/Brokerage/ Short Term Capital Gain Tax.

In Single Premium ULIPS you have to Premium once only. In Regular Premium , you have to Pay Premium for Minimum 3 Years.

By Appropriate Switching you can make Handsome Profits.

P.C.Sharma








...

Dear RN,

Thanks for your Comments.

I am just sharing my Observations with Felow Boarders. It gives me Pleasure if someone is benifitted since I could not get Valuable Advice from Financial Advisors / Agents till 2004.I have also Learnt a lot from this Message Board & Felow Boarders.

Among ULIPS Following Options are Excellent:

IDBI Fortis Wealthsurance ULIP : Insurance Cover upto 60 Times of Annual Premium for Persons upto Age of 45 Years.( No Medical Test upto Rs.6 Lacs Cover.Unlimited Swithes between Equity Fund & Debt Fund are Free.

Metlife Smart Plus & Premier ULIPS : Insurance Cover upto 70 Times of Annual Premium for Persons upto Age of 45 Years.( No Medical Test upto Rs.5 Lacs Cover. 4 Swithes between Equity Fund & Debt Fund are Free.


P.C.Sharma

...

Dear Dr.Chandrakant,

If both of you are Earnimg, you DONT need much Insurance.

You may opt for Insurance of one Crore ( for Child Education only).

Metsmart Plus is one of Best ULIPS.If you Pay Premium of Rs.one Lac per year, you can get Cover of Rs.80 Lacs.

Some Single Premium ULIPS are CHEAPEST & BEST Option.

IDBI Fortis Wealthsurance will offer you Cover upto Rs. 40 Lacs if you Pay Single Premium of Rs.1 Lac once only.

TATA Investassure PLUS will offer you Cover upto Rs. 25 Lacs if you Pay Single Premium of Rs.1 Lac once only.


You need not waste money in very High Term Insurance Plan.

P.C.Sharma




...

Dear vmd74,

IDFC Premier Equity Fund is the Best Midcap & smallcap Fund & likely to give Very Good Return in 4-5 year Time.

However Largecap Oriented Funds are likely to give Better Returns in next 1-2 years.

You may Discontinue Further SIP in this Fund & start New SIP in any of following Funds.

DSPBR Top 100 Equity Fund
DWS Alpha Equity Fund
IDFC Imperial Equity Fund
HDFC Growth / Top 200 Fund.
Sundaram Select focus Fund

P.C.Sharma...

Dear RN,

Private Equity Funds are not Mutual Funds.

ICICI PMS ( Portfolio Management Services ) Accepts Min.Rs.50 Lacs.

Some of Other PMS accepts Min.5 Lacs.

If you are Good in Trading & willing to take Calculated RISK, you can earn more Returns than BEST of Mutual Funds.

Try to avoid Private Equity Funds due to higher Risk & High Service Fees.

PMS is less Risky but High Service FEES.


P.C.Sharma

...

Pcspune, I can thank you enough. I have saved this entire thread for my review later. I think those who invest in ULIPS now will be millionares in a couple of years....

pcspune-All investors were taken for a ride by MrSandeep Sabharwal of JM Mutual Fund when he launched"The JM Small and Mid-Cap Fund"!!NAV is really really miserable!!He never used any investment formula!!He just destroyed all The Capital in the scheme and the impeccable Reputation of the JM AMC!!The Kampani`s have adopted a devil may care approach!!And so has MrSandeep Sabharwal who managed to destroy Investors hard earned money!!Will anyone ever trust MrSandeep Sabharwal ever again???? ...

Thank you thank you pcspune for this valuable advice... i have saved it, now since i am 46 years old i cannot buy ulip? or with a medical test i can buy? I am interested in ULIPs very much now What about ICICI PRUDENTIAL? Is it also an ULIP Thanks. Can i manage these ULIPs thru my iccidirect account?...

Thanks a lot pcspune Quote If you Invest Rs.25000 in ULIP & switch between Equity & Debt, you can Maximise Gains without paying STT/Brokerage/ Short Term Capital Gain Tax. In Single Premium ULIPS you have to Premium once only. In Regular Premium , you have to Pay Premium for Minimum 3 Years. By Appropriate Switching you can make Handsome Profits. Unquote How does one switch can it be done by ourseleves with ICICIDRECT or we have to visit the office and do it.. what is debt fund.. i have never understood this. In regular premium i pay premium only for 3 years? after that who will pay the premium?? i dint understand!...

Lovely messages from Ashalanshu and pcpsune... gosh and all for free... so nice... i think MMB has to honor pcspune first if it has not already done it by making him BOARDER OF THE DECADE.... I was looking for ULIP and check ur posts and found it... great just great. Dont u think its the right time to invest in ULIPs now... after 5 years our premium will be free coz markets are all time bottom now....... we dont have to pay it.. whcih one would u recommend?...

pcpsune, Minimum is 5lakhs... i thought i read something else with regard to ICICI pvt equity fund.... let me check......

pcspune, But ICICI has a private equity fund where we can invest small amounts i believe.... is it necessary to invest in lakhs in pvt equity funds.. i doubt very much.... let me check out.. i find private equity funds very interesting coz with my own TA skills i can manage my funds much better than an MF can manage for me...but i would still invest in MF coz tehy can short and i dont have to pay capital gains when they short and make money but if i shorted my stocks i would land up tax since i would have to cover immediately. Thats the only advantage MFs can give us in bear marekts but alas i doubt if they are as smart to read bear markets or even short....