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
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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
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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
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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
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