ULIPS Have High Charges

Can an investment of Rs 25,000 in Birla Sun life Insurance Prime Life Policy Maximiser fund deliver good returns after 3 years? -Aakanshaa Sharma Birla's Prime Life is a single premium ULIP policy. It is advisable not to invest in ULIPs due to higher charges deducted by them. If you do not have an exit option, remain invested for three years and then evaluate its performance. Is the income from ELSS fund taxable? -Suresh Jain ELSS funds are locked for three years. After three years there is no tax payable on the redemption amount (as per current tax norms). Further, dividend from such equity funds is tax free. I am investing Rs 100 per month in SBI Magnum Global since last year. Should I continue to invest? -Hitesh Patel SBI Magnum Global is a good mid cap fund. Continue investing in it with a

This article was originally published on January 10, 2008.