'Highest NAV Guaranteed' product is the new buzz started by most of the insurance companies in today’s time, but does it make sense to go in for it?
LIC Wealth Plus
ICICI Prudential Pinnacle
Tata AIG Apex Pension
Bajaj Allianz Max Gain
Max New York Life Smart Xpress
SBI Life Smart Ulip
And many more by other insurance companies
What the investor thinks?
The impression it leaves in the mind of Investor that one will get guaranteed highest returns in the period. The kind of words agents are spreading is that you will get the Highest NAV as per stock market performance as if the fund will participate in the equity market growth. However that is not the case. What a company guarantees is the highest value of its own NAV. For guaranteeing the NAV they will have to invest in debt products whose maturity value is equal to the guaranteed value.
