Hi,

          Please advice if ICICI Pru Smart kid is good mutual fund investment or not for my kid ? Is the performance of this fund good ?

 Regards,

Ravi

Dear Ravi,

On the first note, ICICI Smart kid is not a Mutual fund. It is an Insurancy policy.Before i can answer your question, i would be needing a small clarification on wheather you are referring to ICICI Smart Kid- Regular Premium or ICICI Smart Kid Premie.If you are referring to ICICI Smart kid- Regular premium which is a endowment plan with gurantee returns.Though the returns are guranteed, they are very less.ICIICI Smar Kid Premier is a ULIP plan where the returnsdepends on the performance of the underlying funds. in the long run the return from these funds are expected to be high when comared to the Regular premium plan.

Planning for child future is a long term goal and the corpus to be accumulatd is large. With this long term horizon for investment it is advisable to park your funds in ULIPs rather than the enddowment plans. 

With Regards!!!

Dear Sir,

Iam already having ICICI Smart Kid-Regular Premium and paid premium in June2011 of Rs. 20369/-, including riders. Insurance-4Lakhs and Riders-4Lakhs.

But after that I came to know that returns are very less. Now I can not get that 20369/-.

I feel better and most people advised me to take Term Policy for 10Lakhs, and invest remaining amount in HDFC prudunce.

My doubt is whether to foregoing 20369/- is right decission for Long Term.

Please clarify.

Thank You

R Siva Prasad 

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