InvestorQ : When it comes to long term capital accumulation are ULIP investments worth it?
prachi Patwardhan made post

When it comes to long term capital accumulation are ULIP investments worth it?

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5 months ago
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If your investment time horizon is 10-20 years, it can be a good investment option. However, one should compare the returns and charges with other investment options available. In my opinion, some people have made better returns in SIP under the same period than ULIP could have offered. This is because, under ULIP, one needs to switch between the funds and change the asset allocation on a timely basis to get the best out of an investment.

Investment in ULIPs can be tax-efficient up to Rs. 2,50,000. The fact that ULIPs can fetch better returns than mutual funds, in the long run, cannot be overlooked, but this better achievement is when you keep updating the asset allocation and, other factors are in favor. They can be a great investment option but you should compare the benefits with a mutual fund. Some full-time brokers can take care of all your needs from a particular investment. IIFL Securities is one such broker that provides better assistance and satisfactory services. IIFL’s any-time assistance is something convenient and enriching, especially for beginners.

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