WHICH IS THE BEST OPTION -FROM ULIP ie. Unit Linked Insurance Plan OR MUTUAL FUNDS?? 8) ???

ULIP involves lot of charges and just 60-65% of your premium is invested in stocks and rest is taken away as fees and charges.

Go for a mutual fund. You can get a seperate insurance cover at a small fee if needed.

Bajaj Allianz iGain (http://www.buyigain.com) is the best ULIP to invest in. First of all Online ULIP has no intermediaries so you are the sole beneficiary of the returns. There are no deductions as commissions from your premium. Secondly, you can enjoy Tax Benefits. Save Tax Under Secftion 80 (C) with iGain. In fact Bajaj Aliianz is so confident about its ULIP that it challenges its customer to find a better ULIP than iGain.

ULIP's are positioned better than Mutual Funds. ULIP's comes with better tax benefits and insurance cover for life.

Penny stocks can increase ones trading profits in spades with a lot less risk. One need to be able to do a quick scan of the thousands of penny stocks that there is in the market and knows which ones have the highest percentage of going up.

People have misconception that ULIPs are good for tax gains, they perform better etc.

If you are doing a ULIP in say last 5 years, go and ask insurance company whats your net worth. You will be surprised to see that you have made small or no gains despite stock markets giving more than 100% returns.

Do not waste your money by investing in ULIPs.

Only insurance agents will promote ULIPs

In mutual funds, funds from different investors are collected and pooled together then invested as a whole. I believe mutual funds are safest for those who have really less risk bearing capacity. Returns are also good, without facing much risk in the market.