Top 5 ULIP funds with Returns to invest in 2020
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Updated date : 03 January 2020
ULIP or Unit Linked Insurance plan provides a combination of investment and life cover. According to the investor’s financial goal, time horizon and risk tolerance, he/she can choose from a wide range of fund options available under ULIPs of various insurance companies.
ULIP funds are basically the invested portion of premiums after the deduction of all the charges and premium for life coverage. The fund options are particularly chosen by policyholder under all unit-linked plans. Keeping an eye on the market scenario, we have listed below the top 5 ULIP funds that you can invest in 2019.
Future Generali Life-Future Dynamic Growth Fund
If you are about to buy a ULIP product or already have one from the Future Generali Group, Future Dynamic Growth Fund is one of the best fund to invest in right now. As this fund invests majorly in equities, the risk profile is quite high. However, the return ROI rate is also average to high. Last year this fund has provided an absolute return of 21.22% (one year return rate).
Future Generali ULIPs offer the benefits of market-linked returns along with the life insurance cover. Following are the ULIP products offered by Future Generali :
- Future Generali Easy Invest online Plan
- Future Generali Wealth protect plus
- Future Generali Dhan Vridhi
- Future Generali Bima Gain
- Future Generali Bima Advantage Plus
- Future Generali Pramukh Nivesh ULIP
As a wealth building tool, these plans help to fulfill the financial goal of an individual whether it is medium or long term. In case, the policy holder dies, the market value of the invested fund or the sum assured whichever is higher is paid to the beneficiary of the policy. Once the plan matures, the fund value is paid out to the policyholder.
HDFC Standard Life - Balanced Fund Life Super II
ULIP plans by HDFC are investment cum protection plan. The amount invested in ULIP is subject to risk associated with the capital market. Depending upon the risk appetite and financial goals one can invest on different fund options offered by ULIP plans. Balanced fund life super II is one of the fund options offered by ULIPs from HDFC Life Insurance. The total fund value is payable once the ULIP policy matures. Following are the ULIPs offered by HDFC Standard Life.
- HDFC Life Click2Invest Plan
- HDFC SL Crest
- HDFC Life ProGrowth Plus
- HDFC Life capital Shield
The Plans above allow investors to allocate their asset in various funds including this Balanced Fund Life Super II. So, if you are planning to buy any of these products, invest in this fund for a high ROI. Last year’s absolute return from this fund has been 21.73% .
Bajaj Allianz Life - Asset Allocation Pension Fund
The ULIPs offered by Bajaj Allianz provide an opportunity to the insured to create a wealth for future. ULIPs offered by Bajaj Allianz come with some unique features like choice of payment frequencies, flexible allocation of funds, and switch and redirect funds etc. One can choose from the wide options fund offered ULIP plans according to their own choice and risk appetite. ULIPs offered by Bajaj Allianz life include:
- Future Gain
- Fortune Gain
- Principal gain
- Retire Rich
If you are planning for retirement, it is best to invest in Bajaj Allianz Retire Rich Plan, which provides guaranteed vesting and death benefits along with various premium payment options. The insured person also has a flexibility to pay top-up premium. Among different funds available under this plan, Asset allocation Pension Fund is one that offers very high return rate. So, if you have a high risk appetite, investing in this fund through Bajaj Allianz Retire Rich Plan will allow you to create a huge corpus for your retirement years. Asset Alocation Pension fund has provided an absolute return of 20.04% last year.
Kotak Ace- Balanced Fund
Kotak Mahindra Life ULIPs provide a combined benefit of life protection along with market-linked return. Kotak Mahindra Life invests a part of the premium paid by the insured in various fund options. According to one’s own choice and suitability, he/she can also invest in the following ULIP products offered by Kotak Mahindra Life:
- Kotak Ace Investment
- Kotak Single Invest Plus
- Kotak Single Invest Advantage
- Kotak Wealth Insurance
- Kotak Platinum
- Kotak Invest Maxima
If you want to invest in a ULIP product from Kotak Mahindra, make sure that a significant portion of your asset is allocated to Kotak Ace -balanced fund. With a high Return rate, last year’s absolute return of this fund has been 20.41%.
Canara HSBC Life Unit Linked Whole Life Plan - Balanced Fund
ULIPs offered by Canara HSBC Oriental Bank of Commerce Life provide the dual benefits of market-linked return and life insurance protection at the same time. Following are the four best ULIP products offered by Canara HSBC Life Insurance
- Platinum Plus Plan
- Smart Lifelong Plan
- Dream Smart Plan
- Grow Smart Plan
If you want a high return on your investment made with HSBC OBC Life ULIP, make sure to invest in Canara HSBC Life Unit Linked Whole Life Plan - Balanced Fund. The performance of this fund has been steady in the previous years, and in last one year, it gave an absolute return of 21.75%.
Investment requires strategy and the way you strategize your investment determines the rate of return you are likely to get in future. So, while planning for market-linked investment, it is necessary to time the market properly. A ULIP is a great investment instrument as it provides life cover and offers income tax benefits as well. ULIPs offer various fund options ranging from equities to bond. Depending on your risk profile, and also based on your market research, you need to plan out an investment strategy. The 5 funds mentioned above have shown steady and high return rate in the past few years. So, if you want to create huge wealth for future and willing to take risks for that, you must consider the above-mentioned funds as best investment options for this year.
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