2. Both are investment options for individual
investors.
Both provide the options of Equity, Debt and
Hybrid / Balanced fund option.
NAV concept applies to both the options.
Both investments are measured in terms of
units.
3. ULIP
Insurance Cover +
Investment Benefit
Premium = Premium
allocation charges +
mortality Charges+
fund management
charges
Mutual
funds
Investment Benefit
Investment =
Expenses +
Investment in Units
4. ULIP
Tax benefit
under Section
80C
Lock In period
Applicable – 5
years
Mutual
funds
Tax benefit
only under
ELSS for equity
funds
Lock In Period
– May or may
not be
applicable
5. ULIP
Poor Liquidity
in short term
Regulator -
IRDA
Mutual
funds
Better
Liquidity in
comparison to
ULIPs
Regulator -
SEBI