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?
-Chandrakant
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.
This article was originally published on October 31, 2012.
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