Can I invest in Bajaj Allianz Life LongLife Goal plan?

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I would like to invest a lumpsum of Rs 20 lakh in mutual funds. I can wait for 15 years. Which is the best fund to invest? I am willing to take high risk. I want to invest this amount for my son’s future. He is five months old now, I am willing to wait for a long term for high returns.

And I have one more question I am 35 years old and I need to plan my retirement at the age 50. I am willing to pay Rs 50,000/month for 15 years and I have short listed Bajaj Allianz Life LongLife Goal plan. Would you please advise if this is a good plan to invest? I am willing to take high risk for long-term to gain more return.
--Arvind Gurav


It seems, you are new to the mutual funds. If so, please consult a mutual fund advisor or financial planner (if you need a proper financial plan) before investing.

We always ask investors to choose mutual fund schemes based on their goals, investment horizon, and risk profile. Since you have a long-term horizon and ready to take risk, you may consider investing in equity mutual fund schemes. However, you need to assess your risk profile. You may use online quiz to find out your profile. Most new investors believe they have a very high risk appetite, but they realise the gravity of risk only when they see their investments lose value in a bad market phase. So, find out your risk profile and start investing in one or two suitable mutual fund schemes in a staggered manner.


For example, if you have a conservative risk profile, you should invest in large cap mutual funds. If you have a moderate risk profile, you may invest in multi cap mutual funds. If you have an aggressive risk profile, you can invest in mid cap and small cap mutual funds.

Here are some useful links
Best large cap mutual funds
Best multi cap mutual funds
Best mid cap mutual funds
Best small cap mutual funds

You have chosen a ULIP plan for your retirement. ULIP plans have insurance and investment element in them. You should always keep your insurance and investment needs separate. Mixing insurance and investment can lead to complications and also compromise on returns. Always invest in mutual funds to take care of your investment needs. Follows the same procedure suggested above to build your retirement corpus.
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