Hi
My age is 28 and I am planning to Invest in ICICI Wealth builder Maximiser fund V, the amount may be 2.5 lac spread over 5 years installments
The bank planner says it will grow 15-20% for which he showed me various document & slides for Fund
My query is –
1.Is it worth to invest in fund whose NAV value have already grown by 22 % since inception..?the current NAV is around 19.If I invest now on same plan it may not give me much growth as it already grown by 22 %
2. Is it better to invest in plan which is new in market or going to be launch so that i can have full advantage on plans growth?
3.I might not be doing Fund switching as I am neither know how its done nor feel I would be doing in years to come.However Is it ok to invest in ULIP for me
4. What are the other ULIP plans of other banks which are performing well & I should check before going for ICICI pru
5. Apart From ULIP what are other plan for long term investment with sole purpose of Investment growth
Regards
Deepesh