ULIP vs mutual fund

[Mohit123garg]

Currently I looking for an instrument to invest in. Confused between these two, I am already running a hdfc click2wealth ULIP which giving me decent return of 12%, so I am not sure should I start a another ULIP or purely invest in mutual fund

 

[Chiranjib Guha]

Mutual fund is good product than ULIP, you will get diversified portfolio according to your financial Goal.
For insurance - go for Term insurance. Do not mix insurance and Investment together.
Regards,
Chiranjib Guha
*SEBI Registered Advisor*
License no - 302165

 

[TaxWiser]

Currently I looking for an instrument to invest in. Confused between these two, I am already running a hdfc click2wealth ULIP which giving me decent return of 12%, so I am not sure should I start a another ULIP or purely invest in mutual fund

Watch Labour Law Advisor's YT videos/Playlist on ULIPs to see the Broader Picture.

 

[sayandeb]

Why you roasted him like this

Watch Labour Law Advisor's YT videos/Playlist on ULIPs to see the Broader Picture.

 

[TaxWiser]

Why you roasted him like this

It wasn’t a roast, just a biased reaction to the statement about considering ULIPs as a long-term investment.

In some cases, ULIPs can be seen as tax-saving instruments and term insurance alternatives for those without proper income documents(after taking PMJJBY and PMSBY). ULIPs are mostly used to turn black money into white. However, in my opinion, they are the worst choice for investment.

 

[zacobite]

Currently I looking for an instrument to invest in. Confused between these two, I am already running a hdfc click2wealth ULIP which giving me decent return of 12%, so I am not sure should I start a another ULIP or purely invest in mutual fund

MFs / NPS / Real Estate / Commodities / Debt are for investment
Insurance policy should be ONLY for insurance however ULIPs have some advantages
1) Discipline as they will lock you in. So you tend to invest in time
2) Returns are tax friendly
3) They help you build relationship with the banker

If you are a disciplined investor then ulip os not required.. buy MF + Term Plan

 

[Chiranjib Guha]

Currently I looking for an instrument to invest in. Confused between these two, I am already running a hdfc click2wealth ULIP which giving me decent return of 12%, so I am not sure should I start a another ULIP or purely invest in mutual fund

If you want help, please call/msg me my WhatsApp number. Mutual fund has almost 9-10 different categories, so which mutual fund will be suitable for your particular situation that needs to be assessed.

Thanks and Regards,
Chiranjib Guha
*SEBI Registered Advisor*
License no: ARN-302165
Whatsapp no - 9382859110