Need your guidance on an investment decision. My wealth manager from ICICI has been very strongly recommending that we invest in ICICI Elite Wealth II. His argument to justify the investment is the Elite schemes are designed to take the tax advantage of ULIPs but the charges etc are much lower and so they work out very well.
We’ve already invested in ICICI Elite retirement solutions scheme. Also have investment in a few mutual funds like reliance close ended equity II, ICICI pru value fund, DSPBR equity fund, HDFC top 2oo, BSL sunlife banking and financial services fund.
Please help me decide if ICICI Elite wealth II makes sense and his argument is right. Super confused as everything I read says ULIPs not good but he’s pretty convincing 🙁