SillyDonut
SillyDonut

ULIP disinvestment

So, a banker sold me ulip product 4-5y back.

Made almost 2x profit.

But now I am thinking to park this money somewhere else...it's tax free btw ( 80, 10 X D)

Options are many and am confused 🤔

Can anyone help me...

I am thinking to buy agricultural land or direct stocks. ( But market is at all time high)

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SillyDonut
SillyDonut
TCS14mo

HDFC mba wealth mgr are bullshit...they always suggest to reinvest in ulip.

Surprisingly, I can't buy HDFC opportunities fund from HDFC website but Groww offers that at very low expense ratio (direct fund)

BubblyTaco
BubblyTaco

“kya karu itne paiso ka”

wealth manager: “reinvest sir”

SillyDonut
SillyDonut
TCS14mo

Yeah... They get huge commission for ulip

FluffyCupcake
FluffyCupcake
Amazon14mo

ULIP yielding 2x in 4-5 years, is it real?

Buying agricultural land can be good decision if you have someone to take care of it. Capital gains would be absorbed.

Markets might be all time high but some blue chips are at fair valuations.

SillyDonut
SillyDonut
TCS14mo

Yes... I used to switch funds according to market.

Else it wouldn't have 2x.

What blue chips are at fair valuation?

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