Top five best-performing midcap ULIPs
In the last one year, the S&P BSE Midcap Index gave a return of 42.95 per cent, nearly twice as much as the Sensex. Read on to find out the top five best-performing midcap ULIPs.
The market as a whole (Sensex) appears to be in a correction phase. Even the midcap and smallcap indexes have been trending downward, indicating weakness. The broader markets, as represented by the S&P BSE Midcap Index and the S&P BSE Smallcap Index, have declined less than the Sensex.
In the previous three months, the Sensex provided negative returns of 3.52 per cent, while the BSE Midcap Index delivered negative returns of 1.6 per cent and the BSE Smallcap Index delivered positive returns of 2.92 per cent. However, looking at midcap and smallcap performance in the near run is a mistake.
You may gain exposure to midcaps by investing directly in midcap stocks, through smallcases, mutual funds, and Unit Linked Insurance Plans (ULIP). If you are considering a ULIP, there are a few things you should be aware of before investing in them. One is the cost of ULIPs, and the other is the five-year lock-in term.
Read: Everything You Need To Know About ULIP Investing
Furthermore, the new tax regulations have an impact on the post-tax performance of ULIPs. We will present the top five best-performing mid-cap ULIPs in this post.
Read: ULIPs to be taxed similar to MFs
The top five best-performing mid-cap ULIPs are shown below.
|
Legal Name
|
Trailing Returns (per cent)
|
|
1-Year
|
3-Year
|
5-Year
|
10-Year
|
|
Max Life High Growth Fund
|
50.56
|
25.48
|
21.20
|
17.86
|
|
Reliance Life Midcap Fund 2
|
51.05
|
19.39
|
16.27
|
19.02
|
|
Tata AIA Life - Whole Life Mid-Cap Equity Fund
|
38.90
|
23.17
|
19.53
|
21.98
|
|
Reliance Life Midcap Fund 1
|
48.45
|
18.52
|
15.76
|
18.57
|
|
Aditya Birla Sun Life - Individual Multiplier Fund
|
39.64
|
17.49
|
16.43
|
19.28
|
|
|
|
Category Average
|
43.77
|
18.61
|
15.49
|
17.77
|