Invested in ICICI wealth builder for tax saving and 10% return promised by advisor !

POSTED BY shivashishrudra ON February 12, 2014 2:29 pm COMMENTS (2)

hello all,

I am shivashish Rudra, 26 years old and working in chennai. my salary is rs. 36000/- pm. And want to buy one flat in chennai itself after 5 years. I think it will cost me around 40 lacs. I can invest around 15,000 to 20,000 per month. 

I have already invested in ICICI wealth builder on 10/01/14, because it is coming under 80C and the companies adviser told me of giving above 10% of interest after 5 years maturity which is more than any FD. now I am wondering by seeing the charges they applied on it. i have seen some other post in this forum regarding this topic, so I decided not surrender but need help how to make max. profit from it.

Please suggest me anything regarding this and also if any better way of investing somewhere else. i have very less knowledge of this field, you can consider me as beginner.

thanks in advance

Shivashish Rudra

2 replies on this article “Invested in ICICI wealth builder for tax saving and 10% return promised by advisor !”

  1. shivashishrudra says:

    I understood Ashal. but 15 days of free look period is over and as I said I am a begainer and also want say that, I have invested 30000/- in it. if still you can tell me any way of making any profit from it, it ll be a great help for me and please suggest any other better options for investment.

  2. ashalanshu says:

    Dear Shivashish, writing is clear on the wall. Still if you want to take your chances, please continue in this plan. By the way, if your 15day free look period is not over yet, it’s an option with you to surrender the policy now.

    Thanks

    Ashal

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