MFs Vs ULIPs

[PolicyWala]

Absar - Please put the source, If you are putting any info from other sites or source. Please take care of this next time otherwise I would ban you.

This is a good info for all, thanks for this.

[CONFUSED]

Good Info on SIP -

[Rahul]

If one has to invest for saving tax and also insurance then ULIPS are the best bet. If can time the market, you can make the most money of it by switching at right moments. So look for the ulip which has min admin charges over the years.

Next if some one is looking for tax saving and not insurance then ELSS are the best. These have the minimum admin charges too.

[Master]

ULIP = distributor's friend
MF = investor's friend

[policy]

ULIP will expire after age 60 or 65 where as whole life plan will cover till 100 yrs.
MF no insurance coverage.

[rohit]

According to me you should keep insurance and mutual funds different, so I am not in favor of investments in ULIP.
ELSS is preferable if you want to save taxes go for - Magnum Taxgain,Birla Tax relief'96, HDFC taxsaver and PRU taxsaver and Principle TaxSaver are best option.

[Mukulz]

I believe it must for every people to keep their Investment and Insurance two different thing.

[Abhisar]

- Anyone thinking to invest in ULIP Plan than you must give ULIP at least 10-15 yrs because of high charges initially.
- Mutual Funds are very suitable for Short term investors. In it you have the flexibility of withdrawing money anytme.

[Absar]

MF is better than ULIP
- MF no front end charges now
- But you have to pay commission for ULIP
- Then no life insurance coverage for MF But ULIP have many coverages like critical illness, PA etc.

[Abbas]

Primary Objective
MFs : Investments
ULIPs: Protection + Investments
Investment Duration
MFs : Works out for Medium term, Long Term Investors. Risky for Short Term investors.
ULIPs : Works out for Long Term Investors only.