Beware of ULIPs - ULIP vs Mutual Funds in 2024 | AssetYogi Show #9
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- čas přidán 2. 06. 2024
- ULIP or Mutual Funds, which is better? ULIPs or Unit Linked Insurance Plans offer both investment and insurance in one product, but are they truly a better investment option?
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In this video, we compare ULIPs with Mutual Funds based on parameters like returns, tax benefits, costs, etc. to give you a true picture of how ULIPs actually work. We will also use a real example to compare the overall returns and life cover provided in ULIPs alone vs Mutual Funds combined with Term Insurance. ULIPs Vs Mutual Funds explained in hindi.
0:00 Intro
0:51 ULIP Vs Mutual Funds
02:08 Liquidity
02:47 Compulsory Premium
03:00 Tax Benefits
04:00 Charges
04:49 Returns & Exit Load
06:12 Is ULIP better or Mutual Fund?
06:23 ULIP Vs Mutual Funds (Excel)
12:00 Conclusion
About the Video
Many agents promote plans like ULIP that bundles investment with insurance. However, many finance experts argue that ULIPs are not a favorable choice of investment if we look at the costs involved and returns offered. In this video, we delve into the comparison between Unit Linked Insurance Plans (ULIPs) and Mutual Funds, offering a detailed analysis to aid in making informed investment decisions. We outline the fundamental disparities between ULIPs and Mutual Funds, covering aspects such as structure, costs, flexibility, tax benefits, transparency, and regulation. Through a real example and calculations, we illustrate how these investment options perform under various market conditions and investor scenarios. Additionally, we provide expert insights and recommendations to assist viewers in aligning their investment choices with their financial goals and risk tolerance.
In this video, we’ll cover the following topics:
What is ULIP?
Should we invest in ULIPs?
ULIPs Vs Mutual Funds
ULIP Vs Term Insurance
Tax benefits in ULIP
Tax benefits in Mutual Funds
Why are ULIPs so popular?
Can you discontinue ULIP plan before maturity?
ULIP policy surrender rules
Does ULIP offer better returns than Mutual Funds
ULIP vs Mutual Funds which is better?
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Dhanyawaad Guruji! Bahut adhbudh tarike se aapne samjhaya.
on ULIP they charged GST as well and if your premium is 1lakh then approx 80 thousand is invested in market, rest 20% are their expenses.
There is no GST in ULIPs of LIC.
Will the Return on Investment be the same for both Mutual Fund and ULIP, once the mandatory lock-in period in ULIP is over (i.e. more than 5 years old) ?
Also, is it true that the maturity value in ULIP becomes 100% tax free if the annual premium is less than Rs. 2.5 lakh per year ?
Grateful if both questions are answered. Thanks.
Many thanks to you. I was in a deep dilemma to choose between these two investment options. But your detailed explanation with data solved the puzzle. Thank you 🙏🔥✌🏼
Very well explained, Thank you so much
If possible, Please make a video on GDP
Make it one more video for ulip and mutual fund charges in depth, read all terms and conditions of MF and ulip and taxation part also
No question, everything is very precise & clearly explained.
Thank you.
Thankyou
The lock in period in ULIPs is very important..most people withdraw money from mutual funds before the proposed duration.
Not the same with ULIPs.
Point must not be ignored.
Absolutely!
very well explained thank you for your great efforts.
Can you share an Excel sheet or formula to calculate actual returns from ULIP and other investment plans.
Exllent app bahut hi achcha example diye bhut hi achche se samjh aaa gaya mujhe sir ❤❤❤
Glad to hear this!
Please Address these points too @asset yogi
1-You could change funds under ULIP plans like small cap to mid cap or mid cap to large cap, and increase & decrease of weightage as an when required on which you dont need to pay the taxes then what will be the impact.
2-If you are running ULIP for more than 25 years where all the charges refunded & reinvested by company than what will be the impact of it
True
Yein scenario kis age ke vyakti ke liye hai? 12K premium 1cr term insurance
Everybody's needs are different, first understand your need that why personal wealth and do your own research and based on your data take wise desicison. All are having pros and cons.
Sir what about the newly launcehd canara hsbc mid cap momemtem fund is tht something different or samd
Hdfc ka smart protect plan me insurance bhi Acha miltha please check plan & compare
Thank you Mukul ❤
Mutual fund aur ULIP mein sabse bada difference yeh hai ki, ULIP Aapka risk kam karta hai jeise ki agar 1 lakh aap mutual fund mein invest kiye hai aur one lakh ULIP mein aur 2nd year death hojaati hai tab mutual fund bas fund value dega but ULIP 10 Lakh dega. Aur sabse badi baat yeh hai ki agar aap Market ke jaankar hai toh jab market girne waala hai tab ULIP mein apna peisa secure kar sakte hai par Mutual Fund mein aapko exite karna padega.
Sahi kaha apne..,Jab market girte hai thab ulips me, bina charge se secure funds ko switch kar sakte hai, ulips me bhi low-cost products hoti hai, usme dekhar invest karna hota hai aur in few plans HDFC don't have premium allocation and maintenance charges...!
Tata sampurna Raksha plus please explain it
Mutual fund se jyada return Mila mujhe ulip me 5 year me...
tumhara mutual fund fuddu hoga
@@tbpp6553scammer fund manager hoga 😂😂😂😂
O bhai hahaha@@tbpp6553
Best guidance
Thank you very much for your valuable video. I was confused about ULIP and I am not going to put myself into ULIPTRAP
bajaj allianz capital assure goal ULIp प्लान है मैं इन्वेस्टमेंट किया था सबसे बड़ी ग़लती हुई है मेरे जीवन की उल्लू बना दिया था मेरे को कोई भी भाई ULIp प्लान नहीं ले 😊😊
Same mere sath v
उल्लू बनाया सो ठिक हैं, पर exactly क्या हुआ?
@@shantanudeshpande6009 जो वीडियो में बताई गई बात है वह इसी तरीके से हुआ है अगर आपने 4 साल 10 महीना पैसा भर दिया अगर दो महीने की किश्त नहीं दी तो आज तक जितना भी पैसा भरा है वो एक साइड कर देगे पहले के जो पैसे 4 साल 10 महीना का रिटर्न मिला हुआ था वो नहीं मिलेगा 🤣🤣
Maxlife ULIP meri life ki sabse badi galti...7 saal me 2.5 lakh k sirf 3.5 lakh hue hai
@@VinayMaurya महीने की किश्त कितनी थी policy bajar से policy ली क्या अपने
Unfortunate that such informative videos didnt exist 10-15 years back and ULIP's were sold in big numbers often misguiding people since it provides better commisions. Pls share excel used for calculation
Kuch ni hota bhai. Banker houn experience se bolrha houn, ULIP leke Loan disburse kiya hei maine, log wilful default kardete hein.
I am not getting from where you are calculating 18-20% returns?
Adding few more points to make it little upto mark. 1)The both products are suitable for diff goal and can not compare for same goal. 2) If u buy Tata ULIP after 11 years ,loyalty of 0.20% of units will be added which covers compensate all the charges we r paying) 3) U can get loan on ULIP 4) mortality charges are on reducing balance type (not fixed) so r less compare to plain term plan
1) mutual funds+ term plan is simply a superior strategy than buying ulip which has lock-in with low returns. It simply doesn't make sense in any situation, unless you got FU money and don't know where to put it.
2) getting back the extra charges you have paid 11 years back doesn't make much sense if you take inflation into account.
3) you can get a loan on mutual funds also
4) mortality charges increase exponentially with age whereas the term plan premium remains fixed.
What about those who are not eligible for term cover.
Good analysis thanks sr
Thank you🙏🙏
Tata Aia param rakshak pro mei acche returns hain
Sar Maine Bajaj auto ka 800pe sel Kiya hai to kya 29 February last date hai to kya yah last date mein 005 paisa ho jaega pakka please mujhe jald se jald bataiye Maine pahli bar liya hai kisi Ko pakka pata ho to mujhe please jaldi reply kijiye
Very nice sar, लेकिन lic का रिटर्न 18 % hdfc ELss का रिटर्न 29% फिर फर्क 2% का कैसे होगा plz rply, thanks 🙏
Sir, aap 2.5 Lakh ki limit kya bata rahe h, wo nahi samaj paya.
Ye 2.5 lakh tax slab bata rahe h kya aap.
Ulip me koi kyu 3 lakh year me premium bharega jab 1.5 lakh tak hi tax me saving he+ usme aapne kese deduct kia ki 2.5 lakh pe tax nai lagega and 50k pe hi lagega can anyone explain?
Nice video 🎉
"HDFC LIFE SMART PROTECT PLAN" make a video on it
Pr mutual funds taxable hoga na... Aur ULIP jisme 10x insurance hai... Wo 80C k under tax free amount aayega
I have same question..
Thank u sir
Sir pnb met life me platinum smart plan virtue 2 plan ka review digiye please
If I am not concerned about insurance and only concerned about investment in that case which is a good option?
Assumption:
1. The Ulip has only 2 charges i.e mortality charges and fmc charges(new ulips does not have so many charges)
2. Although the mutual fund can provide 1-1.5% more return but on a very long term perspective due to market fluctuations if I need switch funds from equity to liquid funds then I might encurr LTCG tax but switching fund in ulips does not have any charges and is tax free.(In general there will be market crash every 3-5 yrs and a big market crash every 10 yrs)
3. Also on maturity there will be tax on mf but not on ulips.
So based on this observation can you still suggest mf as a better option then Ulip(this is only for investment as I have separte Term Insurance)
Yesterday I was searching this. Policy bazar representative is searching me like wanted.
Thanks for your thoughts here 🙏
Same happened with me
Sir video na dekhe like bottom click korta hu but AP ko Mera choti si request hai ki Mera ek required hai ki Pension plan ke liye ek video har India awaited your 100% analysis because your analysis is best for me and others people also they have subscribed to your channel.
I have three times requested for Diya isko leke
Sir video na dekhe like bottom click korta hu but AP ko Mera choti si request hai ki Mera ek required hai ki Pension plan ke liye ek video har India awaited your 100% analysis because your analysis is best for me and others people also they have subscribed to your channel.
I have three times requested for Diya isko leke
Kis company ka term plan best h
sir aditaya birla sunlife psu m sip karu ja tata small cap m ja dono m targat 10 saal ka hai
Tata smallcap me kar lo
Sir,
UTI Unit Linked Insurance Plan - Regular Plan - 15 Years
Plan may kitna return milayga
Or locking kina year ka hai ?
Lock in for 5 year after that pre mature withdrawal available
Sir maine tata aia life insurance smart sampoorna Raksha ka term insurance liya hai 1 c.r ka ,monthly 5650 R.S pay karna padta hai .kya kare continue rahe ya bahar nikal jaye pls reply.thanks
Please give reply sir
Good sir
Bhai kaha nikal raha elss 3 yrs se pehle????
Vvvv good video
thanks
I have few questions,
Capital gain tax is applied only when you withdraw from mutual fund, isn’t it.?
Same tax is also applicable on ULIP?
I have been sold an ULIP where the only charges are mortality, and FMC (1.2%) , no other charges. Being NRI, I don’t have to pay GST.
When ULIP matures, I need to pay 10% flat.
Capital gain tax is applied only when you withdraw from mutual fund, isn’t it.?
Same tax is also applicable on ULIP?
If you are investing annually 2.5L then there is no capital gains tax
ULIP already charges a lot upfront for mortality, higher allocation charges, handling charges etc etc..in the end, mutual funds gives much higher returns and even after tax gives better amount
सर, आपने बताया कि elss 3 साल के पहले redeem हो सकता है। उसका process बताएं।
Term plan savko nahi milta hai wo bhi batao
Sir please clarify if the FMC is applied on premium or fund value, because you have applied on the premium, but usually it is mentioned that it will be applicable on fund value
Actually it's their hidden agenda to disparage ULIPs. In long term (15 years and more) mutual fund companies charge huge FMC on Fund Value. That's why ULIP is better in long term. In short term MF is good.
Tata Aia Insurance Smart Sampoorna Raksha ulip kaisa hai? Is k baremain samjha a sir
Aapko pta chla to batana bhai
Ulips gives us security for future, everyone knows what happened in covid market was however in ulips the situation like can ne handled by switching into debenture fund, i have taken ulip in 2018 with policy bazaar with the best comparison between chargesyhe best product in ulip with HDFC is c2w, with Bajaj voel assure, with Tata i sip, with max life osp product
ULIP does not give you security, but term insurance and health insurance can..ULIP is the worst investment considering it gives a very low insurance while charging higher, at the same time it gives you less return, in fact 3% less annualised return which is a big difference after 5yrs..So ULIP ends up giving lower return with lower insurance cover..invest in mutual fund and buy term/medical insurance separately..
Guruji FMC in MF is calculated on Fund Value. FMC in ULIP is calculated on premium. It makes a lot of difference in long term (15-25 years). Tax- free returns in ULIP upto 2.5 lakhs p.a. premium. Panic selling and profit booking is not at all possible in ULIP upto first 5 years unlike MF - discipline is necessary to reach the goal. Actually purpose decides the choice.
Although for short term MF is good
For long term ULIP may better than MF.
Hi sir please review ICICI protect N Gain plan
Excellent video, I m also among all who got trapped into ULIP. But a bit lucky as I started in Mar 2019 and End Mar 2024. Premium 4L PA.
Luckily it is PNB MetLife Virtue II fund with around 65% returns. But it’s a trap. Thanks for guidance.
Why is it a trap? Can you please add some details based on your experience
Hi AssetYogi Team, Mukul. Firstly, thank you for your informative videos. This was a good comparison video. A question that I would like to ask, I have tried to apply for Term insurances, and have been rejected twice for medical reasons. I am already having monthly SIP done on multiple equity mutual funds.
Would it be ok to go for normal endowment plans to get a better cover than ULIP?
Please advise.
-Arkaprava Basak
Kolkata
Never buy endowment plan bro
dont buy endowment plan
Can you share the Excel sheet?
Term plan policy bazaar k advisor agent se kharide ya khud online, offline office se visit karke le...
Please reply karna sir ji...
Policybazaar
@@sarthakkapoor1691 3 lakh yearly income walo k pass itr nahi file kiya to kya term plan mil nahi sakta sir..
Can u please share that excel sheet sir..
Suppose I am investing 2.5Lac for 5 years , So After 5 years all the capital gains will be tax free?
Dear Yogi ji.
Few points for your shorts.
1. 1cr term for 12000 at wat age.
2. No one buys ULIP to replace term plan. Hence its complimentary.
3. Plz show/compare 10 yrs returns of ULIP & MFs.
I have both ULIP, MFs & term plan also.
Through some light on SBI Life Midcap Fund ULIP.
REGARDS….
Toh ULIP aaj ki date mai lena chaihye?
@@namanverm4426 yes
Check sbi life mid cap fund in Google you will understand... sbi life privilege plan best hai
Click 2 wealth ke saath compare karo sabse kamm charges hai usme hdfc life ka ulip plan hai
Explanation for 10(10D) is slight incorrect. If premium is less than 2.5lac (now 5 lac!) , then the maturity consideration is exempt. Meaning even if you had invested 5 lac annually for next 10 years (assuming IRR of 15% which is quite possible in next decade) , maturity value comes to around 1.2 cr. Capital gain tax will be NIL.
even with 10D, ULIP will give you less simply because it already charges higher cost upfront from your premium itself..
What about the returns in case of ULIP Plan which is market linked?
𝗕𝗲𝗻𝗶𝗳𝗶𝘁 𝗼𝗳 𝗨𝗟𝗜𝗣(𝗔𝘀 𝗮 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗽𝗿𝗼𝗱𝘂𝗰𝘁)
👉
1) Tax free upto 2.5 lacs premium/Y
2) Fund switch options, it's hlp to avoid market volatility (Debt / Equity / Debt + Equity) {4 switching in a year is free}
3) Charges r high but some of r refundable
4) Now days some ULIP dnt hav Mortality charges (LIC Pension Plus)
5) Policy holder can get Debt & Equity benifit in same fund
6) Return 8 to 15% CAGR
7) In LIC hav 'sovereign gurantee' sce 37 (1956)
How to exit ulip plans?
Abut max Rs22700 annual and tata Rs 20000 annual ulip plans???
Should i buy ICIC Pru plan of Policy bazaar (ULIP) for 5K/ month..??
Please suggest me.🙏
Buy 1k term insurance and rest invest in the mutual funds
Sir Returns on mutual funds can be high or low but my question is that are our money in mutual funds are safe? I mean any scam can happened in mutual funds AMC companies? I want to invest my money in mutual funds but I always afraid about scams? Please clear the doubt.
ULIPs have exactly same risk as corresponding Mutual Funds.
Good video sir
Sir, ETF and Mutual funds which is better for investing? Please ek video banadigiye.
ETF ek tarah ka mutual fund he hai bas stock ki tarah trade hota hai. ETF ka exoense ratio thoda kam hota hai aur liquidity zada. Toh itna koi farak nahi padta. Agar aap ek dum control rakhna chahte hain toh ETF thoda better hai.
Sir ji Lic best hai ya mutual fund me invest karna tk hogaa
Mutual fund is best for long term 10 years
Lic is best...atleast u have govt. guarantee of your money....u will get atleast 12-15% return in LIC ULIp plan....
In mutual fund, u may get higher return but there is no guarantee...ur returns may get very low and even negative if there is a war going on in world or in recession...
U can choose wisely
Sir policy Bazar par icici nifty midcap 150 momentum 50 index fund non granted totally market link signature plan policy kaise hai jiska past 10 year return 27% hai. Please suggest me sir
According to me it is good
directly ICICI ka index fund MF me lagao, uska return ULIP se jyada hai
Hi. Great video as always! If I come under 30 % tax bracket, will the maturity amount of mf and ulips considered as my income. Do I have to pay income tax on both?
If premium exceeds 2.5 lakhs pa then maturity from ulip is taxable.
If premium do not cross 2.5 lakh? Will I still have to pay 30%tax as this will be my income?
@@sushant6295 No
Ulip will totally tax free if amount under 2.5 lakh @@sushant6295
No
ULIP me lock in period me withdrawal hi nahi hota,Pl correct it
Clap for u🎉🎉🎉🎉
Sir ji mutual fund me fmc charges 2.5% hai....maine ulip me lagaya tha but ulip ki return mutual fund se best aayi hai
direct mutual fund me lagai itna high expense qpay kr rahe ho
12000 for 1 crore life cover? What is the age of the insurer ?
Sir, As per the various sites Ulip returns are up to 25-30%... Is this true ?
Yes,.... But always assume average returns.... Which is around 15-18%
Sir i need guidance for one situation i am having. I have 1 lic policy for which my account is getting debited a certain amount every month, i want to stop that and hold that money i have already invested (to get some return greater than what i invested). Whom to contact for this? Can lic branch office help in it?
Contact agent and withdraw the surrender value of your policy.
@@CAPARTH89 if i surrender now then there are chances of getting lower than what i invested. So better let it hold what i already invested, and not putting any further money in it
You need to check whether policy gets lapsed if preminm is not paid in future.
Its always better to withdraw from such policy of option is available and put in the efficient investment option
Mukul sir actually I have an ulip plan of SBI....now after watching your video I don't want to continue my ulip plan and want to invest in mutual funds..... kindly suggest me what to do?
Exactly. Everybody says MF is best.. It gives u good return. All of that is true.. But we should know on which MF one has to invest. Only then investigating on MF will be good.. If u don't have knowledge on MF , then u might loose money as well if u put on wrong MF.
Dont do it now. If you drop it before maturity then you gonna be crying again because you doing it against the rules that you have to carry it for at least 5 years.
LIC ka ULIP ko 3 saal ho gye. Yearly premium 80k hai. Sir kya ab usko drop krna shi rehga ya continue krta rhu?😮
Continue karo ab
ULIP plan me Jo welth ka amount banta he....wo 10D k andar tax free ho jata he kya.....?
Yes Sec 10(10)D
Sir please one video on how to regular plan transfer Direct plan mutual fund. Which is best ya good Direct plan platform ya app .upstock option showing . Growth. Dividend payout. Dividend reinvestment
Go to cams and karvy office or individual fund office for change regular to direct
Zerodha groww etmoney upstox any
Direct Growth better than dividend..
Rest use your common sense also.
@@FusFus. sir it regular plan through phonepe app can be regular plan transfer to other Direct plan app
Sir kya government teacher dimect ac khol skte h kya?
Why not sir. I am also a government teacher. Khul sakta hai kisi ka bhi.
Yes you can bss aapko aap k capital gains mention krne honge jab aap itr file karaingay
Sir agar koi banda mere account me apne account NEFT se paise trafer kiya hai to kia wo dobara apne account me paise return karwa sakta hai ?
nhi
Ha karva sakta hai bank ko bolkar
Plss upload a video on pension planning.
Always take a traditional plans instead of pension as pension is taxable and traditionals are non taxable
Sir sbilife retirement smart plus is good for retirement planning
Naah bro bohot charges hai
Best plan h sbi life ke
Corona ke time par har mutual fund ka value niche gaya mere customer jinko mein eduacate kiya tha woh switching kiye the ULIP mein 1 peisa ka bhi nuksan nahi hua so Kuch log bol rahe hai ULIP biggast mistake hain yeh dhyan rakhna
Sir agar Ulip mai koi fayda nhi hai toh yeh laya hi kyu gya?
यूलिप प्लान मैं भी लेने वाला था थैंक्स टू मुकुल जी मैं बच गया ट्रैप होनेसे
Sir maine bhi galti se HDFC ulip plan le liya tha 😢
You are wrong brother ... Aajkal ulip me bhi 100x yearly premium life cover h....
Could you please share plan name of ULIP which offer 100x life cover of annual premium
Sir ULIP of Tata giving 50L term cover in 1Lakh rs and after 12 years all charges are refunded in units, pl look into
Ye 1Lakh annual agar hai toh matlab mahine ka lagbhag 8000 rupay. Term insurance mie aapko 1Cr ka cover 2000 per month mie he mil jaega.
Mai to term insurance 840 rupees per month premium me liya @@ShivankurMittal
TATA AIA RAKSHAK PE VIDEO BANAO
I have already taken 2 ulip plan from hdfc ,should I continue or drop it.1st is 6 years old & 2nd is 2 years old
Pls continue dear.... There is no loss in keeping it..... U will surely get a healthy maturity amt.
Hii I got a call from policy bazaar yesterday about a ULIP plan ICICI mid cap 150 momentum fund they says the CAGR of 5 yr about 27% and told me the capital gain is fully tax free
Why dont u directly invest then. Why we want Ulip for investing in funds
Sue ager 50 L Life cover mil raha h neko annual Priyam 28000 de raha hu 15 sal tak our muze 35 sal bad Market rate par return bhi mile ga
Kon sa plan liya hai