Which of these are best ELSS, ULIP or SIP?
Which of these can be good for long term investments?
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Which of these are best ELSS, ULIP or SIP?
Which of these can be good for long term investments?
According to me you should keep insurance and mutual funds different so I am not in a favor of investments in ULIP. But it depends on you.
ELSS is preferable if you want to save taxes Ex- Magnum Taxgain, Birla Tax Relief'96, HDFC tax saver and ICICI Pru tax saver and Principle Tax Saver.
SIP is Systematic investment option.
If you want to Invest in equity diversified funds then SIP is the best option.You may consider Magnum contra, HDFC equity fund, ICICI Pru dynamic fund,magnum global fund, DSP ml opportunities fund etc.
ELSS is good if you want only investment for three years.Quote:
Originally Posted by roop
ULIP is good if you want life coverage and investment both. But you need to invest for more that 3 years, say 5 - 10 years in it to get good return.