5 best performing ULIPS that investors could buy

Updated: Monday, June 2, 2014, 10:47 [IST]

Unit Linked Insurance Plans, more popularly called ULIPS, provide insurance, decent returns as well as tax breaks. However, in most cases their performance is largely linked to the markets, since they tend to invest their money in stocks, though they could consider debt as well. Here are 5 ULIPS that investors could buy. Remember, if you are choosing the below the fortunes are largely linked to the stock markets.

Solid returns in the last one year

Bajaj Allianz Life - Equity Plus Pension has given a one year return of almost 25 per cent on the back of solid returns from equity. The current NAV of the fund is Rs 56.80.

The ULIP also provides tax benefit.

High priced NAV

Among the flexi cap equity funds, LIC's Bima Plus Risk has given a return of 30 per cent in the last one year. Of course, there is no guarantee that returns would continue to be astronomical like in the last one year. The NAV is currently Rs 77.32.

Look for long term returns

Bajaj Allianz Life - Premier Equity Gain Fund is a large cap fund. The fund has generated a return of 24 per cent in the last one year.

5 year returns of 18%

The fund invests in mid cap and small cap stocks. It has given a return of 31 per cent in the last one year. However, the 5 year returns are much lower at 18 per cent. Remember, mid cap and small cap stocks are high risk high return stocks, which may also be reflected in the NAV.