I am a young investor and new to financial planning . I have taken a term plan of Rs 1 crore and started a 1000 Rs SIP of HDFC top 200. I have to do a tax saving of Rs 25000 for this year, side by side i want a corpus to be build for my new born sun.
I am confused wether i should go for a ELSS MF and another SIP , or shall i go for HDFC pro growth ULIP. Is it true that in long term (10 yr) with avg 10 % of returns ,ULIP charges are less than FMC(2.25%) of a MF ? or am I missing something ?
Thanks,
Aman