Should One Invest In ULIPs?

I have invested in money plus plan of LIC (Rs 10000 pa). Is it a good investment? LIC's Money Plus plan is a ULIP. Such plans have high associated initial charges which eat up your return. You should now remain invested for the mandatory period of three years and then take a call. I invest in funds through CITI Bank. Is it right? Or should I invest through a broker? Please suggest. -Javed Ahmed. Thane If you are investing in mutual funds through CITI Bank, the bank is acting as a broker here. Other option is to choose an individual broker. You can choose any of them, depending on who is providing satisfactory service. Which fund is good for one time investment of Rs 3 lakh. -Furqan Mumbai If you are investing for the long term, opt for well performing equity diversified funds which have performed well in the past. Choose a maximum of 4 or 5 funds for your investment. Some good choices can be Birla Fronline Equity, Sundaram Select Focus, HDFC Top 200, DSP ML Top 100 or Reliance Vision. I want to in

This article was originally published on May 28, 2008.