Need A Financial Product Forums Trading/Investments Any comments on returns from ICICI systematic retirement solution

This topic contains 1 reply, has 2 voices, and was last updated by  Ramesh More 3 years, 5 months ago.

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    Ramesh More

    If I invest Rs 1 lakh annually for 5 years and keep the amount intact for next 5 years, then 11th year onwards, I will get 2.6 lakhs per annum for lifetime till I will not withdraw my money from bank. This was explained to me my branch manager for ICICI systematic retirement solution. It’s hard for me to believe. Any comments?


    Lal Bangera

    This is a market linked plan and there is no guarantee of getting 2.6 lakhs p.a. for lifetime. The plan has a bright scope of ruining your hard earned money. You are right, don’t believe the branch manager.

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