Which is a better option: ICICI Maximiser Plan or ICICI Balanced Fund?

Which is a better option: ICICI Maximiser Plan or ICICI Balanced Fund?
- J. B. Gupta

Transcript: ICICI Maximiser Plan is a ULIP and ICICI balanced fund is a mutual fund. Both are completely different from one another. ULIP is an insurance plan coupled with investment. Such insurance products with investment element fail to do justice to both insurance and investment needs. They don't offer meaningful insurance cover and they also don't invest the entire money as a part of it goes towards providing the insurance cover. When you mix insurance and investment, the quality is compromised.

This article was originally published on April 28, 2017.