In my previous post, I have discussed various methods to build retirement corpus. I was just reading a report on a Mutual fund past performance and thought to share it with you all. It made my old belief “Insurance is for life cover, not for investment” true. It is about the Birla Sun Life Tax Relief 96 Fund. If you would have invested Rs. one lakh in Birla Sun life TAX Relief 96 Fund in March 1996, than you would have received Rs. 21 lakhs as dividend in 12 years (Between year 1996 - 2008) & its current value is approximately 4 lakhs; even after recession and market crash. So in total you would have received 25 lakhs. I don’t think, if it is possible in any pension plan of any life insurance company.
No comments:
Post a Comment