For long term investment, What is better ? Mutual Fund over ULIPS
There were times, when ULIPS charges are very high and people adviced to buy Mutual Fund. Now , IRDA has regulating and asked ULIPS not to charge more 4% for allocation charges.
e.g. http://www.iciciprulife.com/public/Brochures/Elite_Life_II.pdf
Based on this, do we have any new suggestion or comments on Mutual funds Vs ULIPS (there are some ULIPS which allows to take without insurance )
Also comment on the tax on the final amount which is charged. e.g. I have Pension Plan, which is 10 years old and it has given 12% returns, and amount if I withdraw would be tax free …