The high costs, difficulty in evaluation, lack of transparency and low liquidity don't make such hybrid products a suitable avenue to put your money. You should surrender this plan and stop your future losses. You will get the fund value on surrendering the plan. There will be no Surrender charge since you have completed the lock-in period of 3 years.
In future, do not buy insurance products for investment. Always buy a pure term insurance plan to buy an adequate life insurance cover and invest in equity mutual funds to achieve your long-term financial needs.
Top 10 Tax Saver Mutual Funds to invest in India for 2016
Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. Franklin India TaxShield
4. ICICI Prudential Long Term Equity Fund
5. IDFC Tax Advantage (ELSS) Fund
6. Birla Sun Life Tax Relief 96
7. DSP BlackRock Tax Saver Fund
8. Reliance Tax Saver (ELSS) Fund
9. Religare Tax Plan
10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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