ADVANTAGES ULIPS
•Can easily rebalance your risk between equity and debt without any tax implications.
•Best suited for medium risk taking individuals who wish to invest in equity and debt funds (at least 40% or higher exposure to debt). No additional tax burden for those investing mainly in debt unlike in MFs.

ADVANTAGE MFS
•Better returns than ULIPs.
•Lower charges than ULIPs.
•Very flexible and enables you to switch your investments from non performing MF's to better performing MFs
•Very Liquid can be redeemed at anytime.
•Best suited for medium to high risk taking individuals who wish to invest a significant portion in equity funds (at least 65% exposure in equities).