How Genuine is Unsolicited Aid?

Yesterday Arun sent me a mail,stating that the SBI Life Manager is saying investing in equity mutual funds is not good anymore, because of the 10 per cent long-term capital gains tax imposed on equity after  April 1, 2018 basis Budget 2018 announcement. Instead, the manager went on to say “there is a fantastic ULIP plan that will double your money in three years and returns are tax free!” Two years ago, a new prospect visited us having invested in a close-ended real estate structured product which was created for five years and expected to deliver 18 per cent annual returns with a five-year lock in period. Today, (the date of maturity), the underlying investment has not been able to generate returns from two builders.  The company has sought SEBI approval for extension of the project for another six months and the investor needs these funds to fund his retirement...