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I invested in MAX NEW YORK LIFE SHIKSA PLUS II IS IT GOOD FOR FUTURE FOR MY CHILD?

Mutual Funds, Hedge Funds and ETFs

I invested in MAX NEW YORK LIFE SHIKSA PLUS II IS IT GOOD FOR FUTURE FOR MY CHILD?

Postby meldon » Fri May 03, 2013 5:44 pm

I really have no idea about MAX NEW YORK LIFE SHIKSA PLUS II .
But i feel selecting ulip policy for child future is not good decision as better is start investing in sip in mutual funds as ulip costs are very high compare to mutual funds
Like example in first four years, they deduct 20-30% from your investment amount and only 60-70% is actually invested, where is in mutual funds 1-2% got dedcuted, and now if you invest you will be alloted units at NAV and no amount is deducted, so looking at expenses ration investing in mutual funds is best decision.
meldon
 
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Joined: Tue Jun 26, 2012 4:47 am

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