ULIPs or Mutual Funds - which is a better option?
CA Manish K Dhoot (CA, B. Com, NCFM, CPCM) (5015 Points)
14 August 2010CA Manish K Dhoot (CA, B. Com, NCFM, CPCM) (5015 Points)
14 August 2010
CA Manish K Dhoot
(CA, B. Com, NCFM, CPCM)
(5015 Points)
Replied 14 August 2010
CA Manish K Dhoot
(CA, B. Com, NCFM, CPCM)
(5015 Points)
Replied 14 August 2010
ULIPs |
Mutual Funds |
|
Investment amounts |
Determined by the investor and can be modified as well |
Minimum investment amounts are determined by the fund house |
Expenses |
No upper limits, expenses determined by the insurance company |
Upper limits for expenses chargeable to investors have been set by the regulator |
Portfolio disclosure |
Is Not mandatory* |
Quarterly disclosures are mandatory |
Modifying asset allocation |
Generally permitted for free or at a nominal cost |
Entry/exit loads have to be borne by the investor |
Tax benefits |
Under Section 80C benefits are available on all ULIP investments |
Section 80C benefits are available only on investments in tax-saving funds |
e.n.ananthanarayanan
(Audit Manager and currently pu)
(108 Points)
Replied 14 August 2010
14/08/2010.
Dear Sir
A VERY USEFUL PIECE OF INFORMATION.
With Regards
e.n.ananthanarayanan
Devi Kala
(Chartered Accountant)
(359 Points)
Replied 17 August 2010
Thanks Sir... Useful Information for me too.....
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