Thread by @AmolPlanRupee

I know that this is a giant waste of time 😅 & people here on twitter know this stuff well.
Those who do not know, this thread is NOT much likely to reach them, STILL; here goes...
#thread
#LIC #MF #MutualFund

Received a presentation on a WhatsApp group & the person sending asked for 'logical arguments' on it.

PPT file name: 'MF galat hai'

- Title says 'contract value'.
Insurance is a contract.
MF is an investment, no contract.
Hence WRONG comparison.

- For 5k/m, MF says 'investment amount'.
LIC says 'sum assured of Rs. 3Cr'. This 3Cr is possible only in Term Plan.
Hence LIC right-hand-side comes into picture only on DEATH of insured. MF SIP will come in handy BEFORE death as well.
#wrong comparison

- Credibility of MF is shown as 'ZERO'. 😅
I can't even ... : -D
Let us talk 'same language'.
What about 'LIC Mutual Fund' or say 'SBI Mutual Fund'??

- In MF 'present value' is compared with LIC 'Future Value'. WHAT is this?? 🙃

- Under LIC it says, 'fund value as on date of maturity is considered today'. 100% FALSE. Go to LIC office & show your policy maturing 10 years later & claim future maturity value today. IMPOSSIBLE!

- Protection product is compared with investment product. Mis-leading.

- LIC future value is called as 'lakhs or crores'. Ask a simple Q; how many LIC policies (non Term) have you seen with maturity value of Crores? What % population has non-term policy in crores? baseless slide

Really Saar?

What is LIC ULIP, Sir?
Who takes RISK there?
Also, what is meaning of 'participating'?

What is this ignorance? I mean seriously...!
I understand you have to fool people into buying but have some shame...no?

Coming to slide; compare my 'liquid MF' with your 'mid & small ULIP' during 'market collapse'? Game? See you ...

Says 'LIC has sovereign guarantee'. That is CORRECT.
It only means that your sum assured & bonus is guaranteed. BUT any % is not given.
So, Bonus can be 1 or 2 or 5% also.
Would you want to pay premium for 35 yrs & get 5% GUARANTEED returns?

Even FD & PPF & VPF will do better.

Slide 8 of 24

Ha ha ha

Banks understand it as? meaning....? Tell tell no?

Agree. MF = transparent. Hence comes with warning.
BTW, even AIR TRAVEL comes with warning : -)

Agree. 'LIC comes with assurance'👍
Assurance that in a traditional plan IF 2 premium are paid & 3rd is not paid, then 100% premium loss is assured. 😱

Fair comparison?

Getting boring now? This slide is one such ...

Saar, what happened to the match I proposed earlier?
My 'liquid' Vs your 'mid & small ULIP'?
My 'overnight' has not even entered the field...

Remember? I have not yet heard from you on that... hello....anyone there?

- You can not appeal against MF. Correct, that is WHY market-warning was placed, remember? BTW Don't assume MF always make loss, we will not let that slip...

- LIC can be challenged! Correct.
Read the link; LIC Chairman Summoned by Consumer Commission
moneylife.in/article/jeevan…

🥱🥱🥱
Is my 'yawn' emoji correct?

Coming to slide: I survived term plan tenure.
See?

Lies, damn lies...

So, LIC loses money? Why should I 'invest' in a policy of a company that itself 'loses money' ??

Also, why always refer to 'market falls', what about when market zooms?

So, mister if you are ignorant, how is this fault of MF product?

Read this SBI (State Bank of India) link.
My friend, SBI too lends against MFs.

sbi.co.in/web/personal-b…

100% agree.
MF are market linked investments.
Family protection = Term plan.
No MF wallah will ever discount value of protection / risk cover.
🤝

Kya yaar...? Why are you alienating 'youngsters'? Ever heard that India is youngest large nation?

Oh, too smart. Because married (settled) people are likely to have more money 'to invest'?

Still, please do not mis-lead, All age-groups can invest in MF based on suitability.

Ok, MF capitalises on greed? IF so, WHY does MF give warning in the beginning? Do you not remember your own slide earlier?
clean-bowled !!!

Basic need is 'risk cover'.
I have a term (risk cover) myself, thank you.

So many flaws here! Or is it deliberate?
- MF assumed only equity
- Extent of fall assumed
- LIC assumed traditional plan only
- LIC assumed premium paid till maturity. What if I pay only 2 years?
- 'doesn't affect single penny' ... really? stop it now!

- MF is 'only statistics & no facts'. Statistics are NOT facts? Is there a WTF⁉️ emoji?

Even our monthly update is called as 'FACT'SHEET 😁

Bro, let me give you a link here of 'LIC MF' *Factsheet*
licmf.com/downloads/mont…

- Mister, do your homework. AMFI is NOT MF regulator.
- Do you even know a single bit about MFs? OR have you just randomly put words together?
- About 'complete sum assured', let's talk in terms of CAGR?

Deal? chalega...?

LHS: A market linked instrument warning. It is as fair as they come.
RHS: Company tag line.

What is the relevance? Are these two same? What is 'participating' plan?

We have heard of the term 'word salad'. This slide is a 'numbers salad'.
So many numbers thrown around with no basis.

Link to the research paper, please? Or even a piece with some calculations?

This slide (pic 1) is shown as 'some proof' that if you read this, you will never invest in MF.

Ok.

Pic 2: For those are awake but pretend to be asleep. [IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER]

Link: licindia.in/Products/Unit-…

If you have come this far in this thread, thank you 🙏

///End.

Received PDF on one of the WhatsApp groups.

Presentation can be found online here
scribd.com/document/44046…