Investing in ULIP plans is a great way to ensure an best investment plan with high returns and life coverage at the same time. If you also decided to invest in ULIP plans, you have made the right decision. But to get good returns, it is not enough to invest in any ULIP plan. For this, you must invest in the best ULIP plan. Here, you will know about India’s ten best ULIP plans in 2022 and the correct method to recognize them.
How to Recognize the Best ULIP Plan?
There are several ULIP plans available which makes the selection procedure much harder. But there are a few tips to ensure that the plan will work efficiently without many risks.
Year-to-Year Growth
Year-to-year growth is the direct visualization of the results of an investment plan. An investor can know the plan’s past performance and predict future performance with it.
ULIP Provider
The provider or owner of the plan is also important as the reliability of the plan will be similar to the reliability of the insurer. And as high end and reputed insurers can allocate more experienced managers and teams to manage the plan, the results will be seen in the ULIP plan’s returns.
Funds/Bonds Available in the ULIP
The available market securities in which the ULIP plan invests the capital decide the success of any plan. So, make sure that a plan you select has the most profitable funds or bonds. You will know more about the best available funds and bonds in the next section.
The Best ULIP Plan Funds Available in India in 2022
In every ULIP plan, the insurer provides the policyholder with the option to choose mutual funds or bonds they prefer. So, they can choose the funds/bonds of their liking based on the returns and customize their ULIP investment plan. In most of the plans, they give options to select any number of funds/bonds from the 5 to 10 available ones.
Below are 10 of the best ULIP plan funds based on the above criteria to recognize good plans. Always choose ULIP plans which allow investing in at least a few of these funds. It will help you gain the returns of these amazing funds through your ULIP.
Growth Opportunities Pension Plus Fund
Type: Large-Cap Oriented Funds
5 Year Absolute Returns: 111.40%
Growth Opportunities Fund
Type: Large-Cap Oriented Funds
5 Year Absolute Returns: 106.40%
Build India Fund
Type: Large-Cap Oriented Funds
5 Year Absolute Returns: 105.30%
Grow Money Pension Plus Fund
Type: Large-Cap Oriented Funds
5 Year Absolute Returns: 103.10%
Grow Money Plus Fund
Type: Large-Cap Oriented Funds
5 Year Absolute Returns: 102.50%
Grow Money Fund
Type: Large-Cap Oriented Funds
5 Year Absolute Returns: 98.80%
Grow Money Pension Fund
Type: Large-Cap Oriented Funds
5 Year Absolute Returns: 98.50%
Note: All values are based on the growth of an INR 10,000 investment made on 09 April 2014 to the Net Asset Value (NAV) on 11 July 2019.
Investing in ULIP can help you gain high returns. And if you invest for more than five years, you can see visible growth. But like always, you should purchase any market dependent investment plan only after knowing the risks associated with the plan. It will help you remain aware of the chances of loss in the ULIP plan.
