It is a differential advantage of ULIPs that it will not be liable to long-term capital gains tax like an equity fund. But that doesn't make ULIPs attractive. Mutual funds have too many good things going for them. Mutual funds are transparent, they are liquid, they are low on cost and also you can move your money around if the investment is not doing well. Your liquidity on ULIPs is low, the surrender charges and other things could be very different. The cost claim of ULIP is low but most customers of ULIP don't feel that and there is opaqueness.
That apart, when you mix insurance and investment, you don't get finest of both. Your need for insurance changes dramatically which ULIPs can't fulfill. There may be some ULIPs that would be more advantageous and that may be proven over time. But insurance is very important and ULIPs can't really fulfill the need to actually have a meaningful insurance. Don't mix both.
SIPs are Best Investments as Stock Market s are move up and down. Volatile is your best friend in making Money and creating enormous Wealth, If you have patience and long term Investing orientation. Invest in Best SIP Mutual Funds and get good returns over a period of time. Know which are the Top SIP Funds to Invest Save Tax Get Rich - Best ELSS Funds
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