InvestorQ : What is a unit fund in the context of ULIPs??
Shreya Mashelkar made post

What is a unit fund in the context of ULIPs??

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3 years ago
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A unit is a component of the fund in a unit-linked insurance policy. The allocated (invested) parts of the premiums, after removing all the necessary charges and premium for risk cover under all policies in a particular fund, are pooled together to form a unit fund.

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