Need A Financial Product Forums Trading/Investments PPF or ICICI Wealth Builder II ? where should I invest

This topic contains 1 reply, has 2 voices, and was last updated by  Nishit Jain 2 years, 9 months ago.

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  • #47968

    Nishit Jain
    Member

    Financial advisor of ICICI suggested me to invest Rs. 50,000 p.a. in ICICI Wealth Builder II which will yield return between 10 and 16%. There will be lock-in period of 5 years and it offers tax benefits under section 80C. Earlier I had plan of investing this amount in PPF. But now I am confused as PPF offers 8% return with 15 years lock-in period. Please help in taking a right decision

    #47969

    Kuldeep Raut
    Member

    Read the offer document carefully or else ask the advisor to put 10-16% returns in writing to you. I am sure he won’t write it. Go for PPF.

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