Should you Invest in ULIPs ?

I want to invest Rs 40,000 for 2 -3 years. Which mutual funds will be good? - Dinkar Jha, Patna A. You can choose from top rated equity funds like Reliance Vision, Franklin Prima Plus, Birla Sun Life Equity, HDFC Equity. I saved Rs 1500 from my salary. How can I utilise this money in share market and mutual fund? I have no idea abut share market and mutual fund. - Satish Parmar, Surat If you are a novice in this field, its best to opt for some good equity diversified mutual funds. Start investing some amount monthly by opting for a Systematic Investment Plan (SIP) in a well rated balanced fund like HDFC Prudence or Magnum Balanced. I am a new investor and wanted to invest Rs 15000 in UTI Mutual Fund. But after watching your program I invested in Reliance Vision @ Rs 278. Please tell what is growth prospect of Reliance Vision You have selected a good fund. Remain invested in it. I want information about shares and mutual funds as I am completely unaware about the two. Which 1 is better? - Kuldeep N

This article was originally published on January 04, 2008.