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Abstract
Unit linked Insurance Plan (ULIP) is an insurance product offered by life insurance companies combining both risk cover and benefits of investment. ULIP being a combination product, premium amount paid under ULIP consists of risk premium and investment component. Risk premium may be for life or health or any other authorized purposes. A mutual fund is an investment company or a trust that pools the resources of thousands of unit holders and invests on behalf of them in securities market. The mutual funds have been functioning has an agent to mobilize the resources from various investors the Unit Trusts, Investment Trusts, Mutual Funds, Banks, Investment Companies, Real Estate, Investment Trusts, Trust Companies, Personal Trust Funds etc., all their names contain some common characteristics. This research paper tries an attempt to check the best avenue based on the cost and revenue.