Ten Market-focussed Insurance Funds Beat Nifty On Fiscal Returns


BANGALORE: After remaining in the dumps for a long time, the market-focussed funds of life insurance companies seem to have bounced back and at least ten of them have given better returns than the stock market index Nifty.

Commonly known as ULIPs (Unit Linked Insurance Plans), these funds invest the money collected through life insurance polices into equity and debt markets and share the returns with the investors after deducting certain fees and charges.

The stock market benchmark index Nifty recorded a gain of 17.98 per cent in the latest fiscal ended March 31, 2014, while at least ten equity-focussed ULIPs have given a better return during this period.

Topping the charts, Aviva Life's LifeLong Enhancer scheme has given a return of 27.93 percent, followed by ICICI Pru's Life Time Maximiser fund (25.5 percent) and SBI Life's Horizon Equity Fund (23.87 percent).

There are funds managed by Reliance Life in the top ten – at fourth and seventh places.

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