About Kotak Smart advantage fund.?

Question

Can someone tell about the Kotak Smart advantage fund.

Has anyone read about this plan being a cheating plan ? It will help me. My agent told me, I will have to pay 10,000/- for 3 years and will get 135% GUARANTEED return of the first premium[i.e. 10,000/-] but you will get it after 3 years. This means, that even if you get 10% minimum return in the 2nd and 3rd year of the 10,000 of 1 st year and 10,000s of the next two years also, then on a very conservative estimate, one will get a return of 17,000/- approx. on the 30,000/- total invested by then.

Is it all true ? This 135% GUARANTEED return thing, of the 1st year premium ? Which in effect means a minimum of 50% return in 3 years compounded ? IF THIS IS TURE, THEN is it not the BEST EVER scheme ever in the country ? Because even if you pick the best Mutual funds, they only give 25-30% in 5 years and more. And here, you get 50% in 3 years and that too, GUARANTEED ?

What is your study ? Pl. let me know as I don't understand finances much. Thanks.

Answer 1

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