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Investing ULIP proceeds in a mutual fund

You can invest in a diversified equity mutual fund via a monthly Systematic Investment Plan (SIP) or Systematic Transfer Plan (STP)

I am going to surrender my Unit Linked Savings Plans (ULIPs). I want to invest in equity mutual funds (growth option). Please suggest funds which can give good returns in next five years.
- Rajeev Mathur

You can invest in a diversified equity mutual fund via a monthly Systematic Investment Plan (SIP) or Systematic Transfer Plan (STP). You can park the money in a bank account and start a SIP or you can park the money in a liquid fund and do an STP in a diversified equity scheme.
Here is our list of best diversified equity schemes.

This article was originally published on January 21, 2016.

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