I made an investment in ULIP worth 1L per year. Didn't know about the commission bank take.
Should I continue with ULIP for 4 more years or stop and invest in something else?
I already invest in MF (20k per month).

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Ulips give hardly any return. You should never mix investments and insurance. Instead of locking 4L more, you can go for index funds.

I would say cancel it if the charges penalty is not big. Investing the same amount in mutual fund will give more in long term.

It really depends on what sort of fund your ULIP is using.Though high charges it can give you good returns. I had 3 ULIPs in 2016 ICICI,PNB Metlife and Bajaj Allianz. ICICI gave me 4 % XIRR and I discontinued that. Bajaj Allianz gave around 15 % XIRR which I withdrew after 8 years.Currently PNBMetlife is giving me 24% XIRR.and it is still there.

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