I wanna know which one is better ELSS OR ULIP ??ot its better to go for MF?i m already having one ULIP scheme?



Pls tell me wat is ULIP ? WHAT IS ELSS ? Which one is gud to invest and also pls suggest me which schemes are best to invest in ULIP or ELSS ,

4 Replies to “I wanna know which one is better ELSS OR ULIP ??ot its better to go for MF?i m already having one ULIP scheme?”

  1. Ulip is a scheme which provides for insurance and also invests in stocks to maximise the returns. ELSS is a scheme which provides for income tax rebate and invests in stocks. If you require insurance, go for pure term insurance which is cheapest. ELSS besides giving tax benefit gives better returns and lock in is three years.


  2. all r equally good bad
    it depends on ur goal risk amt period etc
    mail in detail
    if u have some time
    trade in commodity index future 4 more return
    get info about it
    more on my blog


  3. If you know something about investing, then STAY AWAY FROM ULIP.

    Go for a mutual fund. It will save you lots of expenses that are hidden. And, all the commissions you will save, will allow you to buy many other things.

    Good luck.

    KKP


  4. Beside Tax Ben. ULIP and ELSS has nothin in similar. But if you compare the charges of both the initial charges are more in ULIP in compare to ELSS but Fund Management Chaeges are slightly at higher end in ELSS so if you want to invest for short time then go for ELSS and go for ULIP if u wanna invest more then 8-10 years.





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