I have started 5 sips each 1000, one month ago in the following funds-
Franklin India Growth (direct), Axis long-term equity Growth, SBI Magnum,ICICI Pru Discovery and Reliance tax saving.These are for 3 yrs, one of the funds rejected after one month due to insufficient balance in demat account.What should I do now, redeem or leave as it is?
One more thing I want to do another sip of 5000 for wealth formation, which one should I choose?
Want to buy a reliable term and health insurance, which one should I choose with good claim acceptance?
Bindaspagla-How you selected these funds and what is your time frame? If your holding period is less than 5 years or so, then these funds are not suitable for you. First reply about these existing funds, then we discuss on new investment. Regarding Term Insurance, you can opt among LIC (Online), ICICI, HDFC, Aegon, SBI, Max. Regarding health insurance, it is hard for me to guide (because I don’t know what are your requiremnts).
I have selected via searching best performing mutual funds in net ,these are for 3 yrs.as per money control.com ,these all are giving 15%+ returns that’s why I choosen..I am going to stop my jeevan saral n that money I like to invest on term,health insurance n mutual fund.In health insurance coverage of 5 lac n cashless ..please elaborate what funds should I choose?
If your holding period is 3 years, then I strongly suggest you not to enter in equity funds. Regarding health insurance, is it family floater or individual?
I want to start now as individual ltr want to convert it to a family floater
You can check with Apollo, Max or Religare.