It is not worth holding on to a unit linked insurance plan (ULIP). Exit from it to limit your future losses.
ULIPs charge hefty costs, particularly in the initial years, due to which your actual investment amount is much lower than the premium you pay.
As a result, the residual investment is not sufficient to earn a considerable return for you even if the market is doing well.
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Top 10 Tax Saver Mutual Funds for 2017 – 2018
Best 10 ELSS Mutual Funds to Invest in India for 2017
1. DSP BlackRock Tax Saver Fund
2. Tata India Tax Savings Fund
3. Birla Sun Life Tax Relief 96
4. ICICI Prudential Long Term Equity Fund
5. Invesco India Tax Plan
6. Franklin India TaxShield
7. Reliance Tax Saver (ELSS) Fund
8. BNP Paribas Long Term Equity Fund
9. Axis Tax Saver Fund
10. Sundaram Diversified Equity Fund
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