Using your phone's internet browser
go to:  qna.rediff.com
Click and drag this link to
the Home icon in your browser.
Q.

IS it better to take Ulip or any ELSS MF at the current market scenario

About: Mutual Fund: DSP ML Tax Saver Fund

Asked by uday, 21 Aug '08 10:54 am
  Invite a friend  |  
  Save  |  
 Earn 10 points for answering
Answer this question  Earn 10 points for answering    
4000 characters remaining  
  
    
Keep me signed inNew User? Sign up

Answers (3)

1.

For investment ELSS is your best option. ULIP is a cocktail of insurance + mutual fund. Avoid investing in ULIPs. They lack transparency . ULIPs may give you good returns in the long run. But it is a long term gamble. Better to keep insurance & investment separate. Go for PURE TERM COVER - for insurance. For investment - go for equity / mutual funds- ELSS & diversified equity funds.
Answered by RANJAN KARNAD, 23 Jan '09 06:18 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
2.

ELSS has come as a much better alternative to ULIP. There is no point nowadays to go for long term schemes keeping in mind the volatile situation of the market.
Answered by sarvesh kumar, 21 Aug '08 11:21 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
3.

Both are the good product depend on your plan of investment,if u want for a medium term investment u can choose ELSS if u want to go for long term ie
Answered by sushil trivedi, 21 Aug '08 10:58 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received

Ask a Question

Get answers from the community

600 characters remaining

Related Answer

Q.