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ULIPs are Undesirable

ULIPs are not ideal financial products because insurance & investment should be kept apart…

Please give your opinion on Birla Sun Life Frontline Equity, Religare Contra and Canara Robeco Equity Diversified. Also, are HDFC Standard Life ULIPs a good investment vehicle?

Birla Sun Life Frontline Equity is a good fund. Religare Contra is a relatively unproven fund that has delivered an average performance so far. However, contra hasn’t been a successful strategy in India. Canara Robeco Equity Diversified has done well, but it has seen a couple of fund manager changes. Of the three funds, the best choice would be Birla Sun Life Frontline Equity.
Coming to your second query, we have always said that a ULIP isn't an ideal financial product. Insurance and investment should be kept apart. If you have dependents, get yourself an adequate term cover before you make any kind of investment.

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