Mutual fund or ICICI prudential systematic retirement plan

[Sameer Kapoor]

I was interested in taking up mutual fund for 10 to 15 years time. But when I spoke to my financial planner, he said that if I take a mutual fund for that long, it will bring losses to me and a large cap mutual fund should not be held beyond 2-3 years. He further suggested to take ICICI prudential systematic retirement plan for 25 years. He said that this plan will be more beneficial than SIP in equity MF. Is he correct?

[samkapoor77]

Your agent is only trying to trap you so that he can sell ICICI’s policy to you.

[Author]

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