'Ulips are difficult to exit' | Latest News India - Hindustan Times
close_game
close_game

'Ulips are difficult to exit'

None | By, New Delhi
Feb 20, 2011 09:58 PM IST

Mint, Hindustan Times and NDTV, bring you a personal finance show, "Let's Talk Money". The weekly call-in show, anchored by Monika Halan, editor, Mint Money, and Manisha Natarajan, editor and senior anchor, special programmes, NDTV, aims to answer viewers' questions about money-related issues. Here are edited excerpts from the show that aired over the weekend on NDTV Profit and NDTV 24x7.

Mint, Hindustan Times and NDTV, bring you a personal finance show, "Let's Talk Money". The weekly call-in show, anchored by Monika Halan, editor, Mint Money, and Manisha Natarajan, editor and senior anchor, special programmes, NDTV, aims to answer viewers' questions about money-related issues. Here are edited excerpts from the show that aired over the weekend on NDTV Profit and NDTV 24x7.

HT Image
HT Image

Deepak Mittal, 40, and his wife Anita: Are my insurance investments good? Are the products good or not for long-term? Want else should I be doing so that my money grows faster? My goal is to shift to a bigger house in next 6-8 months which shall cost Rs 55-60 lakh...

Hindustan Times - your fastest source for breaking news! Read now.

Halan: You have couple of LIC policies which look like endowment money backs, there are 2 Ulips and there is a little bit smattering of mutual funds. I am not very fond of Ulips because these are products which are really difficult to get out off... Now that you have bought it, you should continue with the plans. Just don't buy any more Ulips. Increase the mutual fund component. There is a little bit of gap between life insurance cover. You have got about Rs 30 lakh of cover. I would be happier with about Rs 60-80 lakh. (With the) remaining Rs 30-40 lakh, you buy a term policy...

Sabyasachi, 27, engineer, Detroit, US: What do you think will be the right way to structure my investments for the next 10 years? I have a basket of 15 shares, which I track monthly and reinvest the profits elsewhere. Do you think this is a correct way?

Natarjan: You are 27 and on a sound wicket. Increase your exposure to equity through regular investments in large and multicap diversified equity funds. 40% in FDs is too much... Prune it down. Aim for a 30% FD, PF, bonds portfolio-stable, risk free... 5-10% in gold... rest 60-65% should be in equities and equity funds. Check your funds regularly to keep out the outperformers. I don't see anything wrong with this strategy.

Unveiling Elections 2024: The Big Picture', a fresh segment in HT's talk show 'The Interview with Kumkum Chadha', where leaders across the political spectrum discuss the upcoming general elections. Watch now!

Get Current Updates on India News, Election 2024, Arvind Kejriwal News Live, Bihar Board 10th Result 2024 Live along with Latest News and Top Headlines from India and around the world.
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On