RATE MY FUND ?

https://preview.redd.it/vh9moz2ats8e1.png?width=1617&format=png&auto=webp&s=472c7c5c8f6872ba9d84dda07457025f12696724 [https://ibb.co/QfjcRLB](https://ibb.co/QfjcRLB) \- This is how the ULIP midcap fund performed since inception 1st november 2016. I calculated the maximum drawdown as well and it has been pretty good. Maximum negative returns lasted 3 years including covid era for -30% of my capital if invested on the high. Another major drawdown of 17% max seen just once between 2021 and 2022 (for 1.5 years). Seeing the fund performance, It has yielded close to 20% CAGR from june 2016 to november 2024 compared to midcap funds like kotak and quant which did 22% same periods and axis which did 20% hence it did beat the midcap benchmark as well. [https://www.sbilife.co.in/services-check-nav](https://www.sbilife.co.in/services-check-nav) \- PLease check here to see the fund NAV [https://www.sbilife.co.in/smart-privilege-brochure](https://www.sbilife.co.in/smart-privilege-brochure) \- All details about the fund is given here. So a maximum of 2.5% will be allocated towards premiums until 5 years. 0.5% towards mortality charges. (total 3% which is not bad as it is 30k) Also the AMC charges are 1.36% (Expense ratio) for this SBI privilege midcap fund where 97% of my yearly 10 lakhs is invested in (ofcourse other midcaps have only between 0.3 to 0.6 expense ratio) Considering these factors and the advantage of a premium of 70 lakhs life insurance to my name, do you not think this fund will give atleast 12% to 15% returns after 5 to 7 years, after deductions of premium, mortality, expense ratio ? Since I don't work in India, so I am not allowed to get life insurance that are 10k or 20k yearly the cheap 1 crore cover ones don't you think I should continue with this as there is some 80cc 1.5 lakhs yearly tax benefits as well. Now i'm all for mutual funds as well because yes i do agree a single percentage difference can see a difference of lakhs in the returns after long years but my dad is showing me the 25% absolute returns on this fund in just about a year and very ignorant about future performance and ok with paltry returns. (he invested 10 lakhs a year ago, and now it is showing 12.5 lakhs) How do i convince him? I told him so many times but he still tells me don't keep all eggs in one basket. (As he does have some investments in mutual funds as well which is 20% of his portfolio)