Hi , I have a question on ULIP vs mutual fund...I know that mutual would create wealth but at the end we need to pay tax for the return...so would it be better to invest in ULIP so that atleast we have no tax on return??..can I distribute equally to both ..let me know thanks
Ans: Mutual funds offer several advantages over ULIPs. They typically have lower charges, greater flexibility, and a wider range of options to suit various investment goals and risk appetites. Moreover, mutual funds are known for their transparency, liquidity, and professional management, which can potentially lead to better performance over the long term. By choosing mutual funds, investors can benefit from market opportunities without the constraints and costs associated with ULIPs. It's always advisable to focus on cost-effective and well-performing investment avenues to maximize returns.