My name is suresh, 44 years old.
Need your guidance.
I bought ‘SBI Life-unit plus2 pension – option 1: Pure Pension’ in the year sep’2008.
Total Term = 20 years
Payment Frequency = annually
Allocation as below:
Equity Pension Fund – 40% (Current NAV = 31.7)
Growth Pension Fund – 30% (Current NAV = 33.9)
Balanced Pension Fund – 30% (Current NAV = 37.6)
Date of Vesting – 18-Sep-2028
Invested amount = Rs.330000
Fund Value = Rs. 552113
As Equity fund performance is not good, should I switch those to Growth or Balanced fund?
After the date of Vesting, can I get the maturity amount 100%?
Is it good, surrender the SBI Unit plus2 and invest in other mutual funds?
Kindly help me with your advice. thanks